William D Squires Educational Foundation Inc
- Assets
- $1.4m
- Revenue
- $263.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 86-0946058
Organization Overview
William D Squires Educational Foundation Inc is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William D Squires Educational 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, William D Squires Educational Foundation Inc generated $263.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $286.3k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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.
Since 2016, William D Squires Educational Foundation Inc has awarded 173 individual grants totaling $1,119,685. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLIAM D. SQUIRES EDUCATIONAL FOUNDATION WAS CREATED SOLEY TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO STUDENTS DEMONSTRATING A FINANCIAL NEED,ACADEMIC PROMISE AND A BURNING DESIRE TO ATTEND COLLEGE. THE FOUNDATION HOPES TO HELP STUDENTS THAT MIGHT NOT OTHER WISE BE ABLE TO AFFORD THE COST OF TUITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Squires Gross Exec Director/vice President | 40 | $51,194 | |
Judy K Perry Secretary | 1 | $0 | |
Mark A Squires Treasurer | 1 | $0 | |
Pamela A Bolen President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216,944 |
| Capital Gain Net Income | $216,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $263,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,194 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,455 |
| Depreciation | $0 |
| Occupancy | $944 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,291 |
| Total operating and administrative expenses | $79,174 |
| Contributions, gifts, grants paid | $207,094 |
| Total expenses and disbursements | $286,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,553 |
| Savings and temporary cash investments | $248,028 |
| 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 | $0 |
| Total assets | $1,415,871 |
| Accounts payable and accrued expenses | $1,643 |
| 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 | $1,906 |
| Total liabilities | $3,549 |
Grants Awarded
Over the last fiscal year, William D Squires Educational Foundation Inc has awarded $207,094 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $29,500 |
UNIVERSITY OF CINCINNATI PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $24,500 |
UNIVERSITY OF AKRON PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $15,594 |
Kent, OH PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $14,000 |
OHIO UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $12,500 |
Oxford, OH PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |