Quiroga Foundation
- Assets
- $414.9k
- Revenue
- $362.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 46-3914338
Organization Overview
Quiroga Foundation is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Quiroga Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quiroga 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 06/2021, Quiroga Foundation generated $362.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $503.6k during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED BY THE LIFE AND WORKS OF CATHOLIC BISHOP AND LAWYER, DON VASCO DE QUIROGA, QUIROGA IS DEDICATED TO THE INTEGRATED EDUCATIONAL FORMATION OF PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION PROGRAMS: QUIROGA COLLEGE'S ASSOCIATES IN APPLIED SCIENCE ARE HIGHER EDUCATION PROGRAMS, CONSISTING OF 60 CREDITS THAT AWARD AN ASSOCIATE DEGREE IN ONE OF THE FOLLOWING AREAS: EARLY CHILDHOOD EDUCATION, BUSINESS, CULINARY ARTS. THE ILLINOIS BOARD OF HIGHER EDUCATION GRANTED QUIROGA COLLEGE THE AUTHORIZATION TO GRANT ASSOCIATE GRADES IN AUGUST 2018.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Salazar Vice President | OfficerTrustee | 0.38 | $0 |
Gerardo Mosqueda President | OfficerTrustee | 0.38 | $0 |
Raul Martinez Treasurer | OfficerTrustee | 0.38 | $0 |
Michelle Chavez Board Member | Trustee | 0.38 | $0 |
Cherie Meacham Board Member | Trustee | 0.38 | $0 |
Maria Prado Board Member | Trustee | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,121 |
| Total Program Service Revenue | $115,239 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,515 |
| Fees for services: Accounting | $40,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,323 |
| Advertising and promotion | $31,765 |
| Office expenses | $16,167 |
| Information technology | $4,693 |
| Royalties | $0 |
| Occupancy | $77,722 |
| Travel | $1,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,238 |
| Insurance | $5,867 |
| All other expenses | $0 |
| Total functional expenses | $503,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $206,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,308 |
| Total assets | $414,917 |
| Accounts payable and accrued expenses | $63,935 |
| Grants payable | $0 |
| Deferred revenue | $2,846 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,453,180 |
| Total liabilities | $2,519,961 |
| Net assets without donor restrictions | -$2,105,044 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $414,917 |
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