Queens Road Foundation Inc
- Assets
- $11.1m
- Revenue
- $500.1k
- Investments
- $10.8m
- Employees
- 0
- Location
- Founding
- 03/2016
- Data as of
- 12/2023
- 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 12/2023, Queens Road Foundation Inc generated $500.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Queens Road Foundation Inc has awarded 23 individual grants totaling $4,988,294. 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
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 | $6,854 |
| Dividends & Interest | $331,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,505 |
| Capital Gain Net Income | $271,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60,009 |
| Contributions, gifts, grants paid | $1,397,013 |
| Total expenses and disbursements | $1,457,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,407 |
| 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 | $4,952 |
| Total assets | $11,070,266 |
| Accounts payable and accrued expenses | $4,500 |
| 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 | $4,500 |
Grants Awarded
Over the last fiscal year, Queens Road Foundation Inc has awarded $1,397,013 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MIT PURPOSE: GENERAL SUPPORT | $13,000 |
CORNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $500,000 |
THE ASIA SOCIETY PURPOSE: GENERAL SUPPORT | $270,013 |
THE UCLA FOUNDATION PURPOSE: GENERAL SUPPORT | $600,000 |
COLUMBIA UNIVERSITY PURPOSE: GENERAL SUPPORT | $6,000 |
THE U GO INITIATIVE PURPOSE: GENERAL SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|