Queens Road Foundation Inc
- Assets
- $14.3m
- Revenue
- $611.3k
- Investments
- $14.0m
- Employees
- 0
- Location
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-0877801
Organization Overview
Queens Road Foundation Inc is located in null. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Queens Road 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 12/2021, Queens Road Foundation Inc generated $611.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (55.0%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEBSITE DEVELOPMENT AND COPYWRITING SERVICES PROVIDED TO ASIA SOCIETY, PARIS CENTER
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,202 |
| Dividends & Interest | $312,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,365 |
| Capital Gain Net Income | $698,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $611,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,470 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $77,015 |
| Contributions, gifts, grants paid | $1,802,970 |
| Total expenses and disbursements | $1,879,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,895 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,140 |
| Total assets | $14,251,792 |
| Accounts payable and accrued expenses | $4,200 |
| 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 | $4,200 |
Grants Awarded
Over the last fiscal year, Queens Road Foundation Inc has awarded $1,802,320 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $707,500 |
CORNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $600,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $315,020 |
New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Mountain View, CA PURPOSE: GENERAL SUPPORT | $59,000 |
MIT PURPOSE: GENERAL SUPPORT | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Croucher Foundation | $269,521,861 | $18,069,736 |
Donner Canadian Foundation | $109,552,134 | $11,529,289 |
Jubilo Trust | $16,173,209 | $19,859,267 |
Laidlaw Foundation | $52,854,194 | $8,143,738 |
F K Morrow Foundation | $51,955,966 | $5,559,671 |
Jca Charitable Foundation | $79,533,828 | $205,335 |
Duck Pond Foundation | $247,603,276 | $17,175,939 |
Queens Road Foundation Inc | $14,251,792 | $611,349 |
Elizabeth Greenshields Foundation | $23,402,135 | $4,238,401 |
Yeshe Khorlo Foundation | $9,127,569 | $322,660 |
Eldee Foundation | $12,315,531 | $898,821 |
Stichting Bennink Foundation | $8,343,583 | $1,592,458 |