Sqa Foundation Inc
- Assets
- $9.4m
- Revenue
- $1.0m
- Investments
- $9.1m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/1996
- Data as of
- 11/2023
- EIN
- 65-0541856
Organization Overview
Sqa Foundation Inc is located in Miami, FL. The organization was established in 1996. 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. Sqa Foundation Inc 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 11/2023, Sqa Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $768.0k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sqa Foundation Inc has awarded 221 individual grants totaling $4,143,904. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH A FOCUS ON "WORKFORCE READINESS," GRANTS WERE TO HELP PROVIDE EDUCATION IN THE ENGLISH LANGUAGE IN SUPPORT OF THE PERSONAL AND PROFESSIONAL LIVES OF NEW YORK IMMIGRANTS.
TO SUPPORT BASKETBALL PROGRAM AND THE VARSITY SPORTS FUND AND EXCEPTIONAL STUDENT-ATHLETES FOR SHOWCASE THEIR TALENTS ON THE COURT AND PURSUE THEIR AMBITIONS IN THE CLASSROOM AND THE COMMUNITY
TO SUPPORT EDUCATION AND YOUTH DEVELOPMENT THROUGH FUNDING FOR STATE-OF-THE-ART EXERCISE EQUIPMENT, POOL MAINTENANCE, GROUP FITNESS CLASSES AND COMPLIMENTARY CHILD WATCH SERVICES
TO SUPPORT INTERNATIONAL COMMUNITY OF CHOREOGRAPHERS, PERFORMERS,EDUCATORS AND STUDENTS IN A COOPERATIVE COMMUNITY TO STUDY,PERFORM & CREATE NEW WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Neuman Director | 20 | $0 | |
Leonardo D Gravier Director | 1 | $0 | |
David Malina Director | 1 | $0 | |
Patricia Machado Director | 40 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $160,135 |
| Dividends & Interest | $648,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,530 |
| Capital Gain Net Income | $194,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,069 |
| Total Revenue | $1,023,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $0 |
| Interest | $47,771 |
| Taxes | $22,589 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,442 |
| Total operating and administrative expenses | $519,502 |
| Contributions, gifts, grants paid | $248,500 |
| Total expenses and disbursements | $768,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,285 |
| Savings and temporary cash investments | $249,385 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $244 |
| 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 | $5,173,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,420,816 |
| 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, Sqa Foundation Inc has awarded $248,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: TO SUPPORT DISASTER RELIEF AND MEDICAL SUPPORT | $5,000 |
LA MAMA EXPERIMENTAL THEATRE PURPOSE: TO SUPPORT PERFORMING ARTS | $10,000 |
BATES DANCE FESTIVAL PURPOSE: TO SUPPORT THE ART OF DANCE | $5,000 |
MCBURNEY YMCA PURPOSE: TO SUPPORT EDUCATION AND YOUTH DEVELOPMENT | $20,000 |
PUBLIC THEATRE PURPOSE: TO SUPPORT THE ARTS | $10,000 |
SQA EDUCATION INC PURPOSE: TO HELP PROVIDE EDUCATION IN THE ENGLISH LANGUAGE AND ON WORKFORCE READINESS | $115,000 |