Quonochontaug Foundation
- Assets
- $21.2m
- Revenue
- $3.2m
- Investments
- $19.4m
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-4129667
Organization Overview
Quonochontaug Foundation is located in Beverly, MA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quonochontaug Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Quonochontaug Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Quonochontaug Foundation has awarded 136 individual grants totaling $4,685,008. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel E Smith Jr Trustee | 1 | $0 | |
Elizabeth G Riley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $352,235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,655,824 |
| Capital Gain Net Income | $1,655,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,208,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $159,255 |
| Contributions, gifts, grants paid | $1,234,000 |
| Total expenses and disbursements | $1,393,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,783,491 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,408,506 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,191,997 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Quonochontaug Foundation has awarded $1,234,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
MASS GENERAL HOSPITAL PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
Bethlehem, PA PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Boston, MA PURPOSE: COMMUNICATIONS AND IT INFRASTRUCTURE UPGRADES | $90,000 |
Jupiter, FL PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
Boston, MA PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
Dedham, MA PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |