Civic Intelligence

Ocean State Charities Trust

990 • Fiscal year 2022 • EIN 05-0390916

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 10, 2022

Organization ProfileWWW.OSCT.ORG
One Citizens Bank WayJohnston, RI 02919

(401) 728-9008

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

21st percentile

-7.6%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-20%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$5,244,206

Down $1,211,400 (-19%) from 2021

Net Assets

Down

$5,244,206

Down $1,211,400 (-19%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin21st percentile

Revenue

Down

$495,993

Down $127,071 (-20%) from 2021

Expenses

Down

$533,825

Down $12,630 (-2.3%) from 2021

Net Income

Down

-$37,832

Down $114,441 (-149%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,647,100Liabilities 2011: $0Net Assets 2011: $5,647,1002011Assets 2012: $5,558,910Liabilities 2012: $0Net Assets 2012: $5,558,9102012Assets 2013: $5,746,626Liabilities 2013: $0Net Assets 2013: $5,746,6262013Assets 2014: $6,232,349Liabilities 2014: $0Net Assets 2014: $6,232,3492014Assets 2015: $6,137,108Liabilities 2015: $0Net Assets 2015: $6,137,1082015Assets 2016: $5,990,925Liabilities 2016: $0Net Assets 2016: $5,990,9252016Assets 2017: $6,015,577Liabilities 2017: $0Net Assets 2017: $6,015,5772017Assets 2018: $5,910,145Liabilities 2018: $0Net Assets 2018: $5,910,1452018Assets 2019: $5,900,645Liabilities 2019: $0Net Assets 2019: $5,900,6452019Assets 2020: $5,835,874Liabilities 2020: $0Net Assets 2020: $5,835,8742020Assets 2021: $6,455,606Liabilities 2021: $0Net Assets 2021: $6,455,6062021Assets 2022: $5,244,206Liabilities 2022: $0Net Assets 2022: $5,244,2062022Assets 2023: $5,220,158Liabilities 2023: $66,090Net Assets 2023: $5,154,0682023Assets 2024: $5,320,441Liabilities 2024: $51,033Net Assets 2024: $5,269,4082024Assets 2025: $5,304,666Liabilities 2025: $45,828Net Assets 2025: $5,258,8382025

Highlighted filing

2022

Assets$5,244,206
Liabilities$0
Net Assets$5,244,206
Open 2022 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $220,568Expenses 2011: $396,237Net Income 2011: -$175,6692011Revenue 2012: $949,309Expenses 2012: $441,699Net Income 2012: $507,6102012Revenue 2013: $577,255Expenses 2013: $422,457Net Income 2013: $154,7982013Revenue 2014: $555,987Expenses 2014: $387,282Net Income 2014: $168,7052014Revenue 2015: $478,933Expenses 2015: $433,285Net Income 2015: $45,6482015Revenue 2016: $396,456Expenses 2016: $453,114Net Income 2016: -$56,6582016Revenue 2017: $475,351Expenses 2017: $483,326Net Income 2017: -$7,9752017Revenue 2018: $353,235Expenses 2018: $479,083Net Income 2018: -$125,8482018Revenue 2019: $300,653Expenses 2019: $482,025Net Income 2019: -$181,3722019Revenue 2020: $239,397Expenses 2020: $514,200Net Income 2020: -$274,8032020Revenue 2021: $623,064Expenses 2021: $546,455Net Income 2021: $76,6092021Revenue 2022: $495,993Expenses 2022: $533,825Net Income 2022: -$37,8322022Revenue 2023: $539,797Expenses 2023: $617,801Net Income 2023: -$78,0042023Revenue 2024: $394,296Expenses 2024: $581,401Net Income 2024: -$187,1052024Revenue 2025: $330,537Expenses 2025: $512,439Net Income 2025: -$181,9022025

Highlighted filing

2022

Revenue$495,993
Expenses$533,825
Net Income-$37,832
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 10, 2022
Return Version
2021v4.1
Gross Receipts
$2,099,717
Mission and Program Overview

Mission

Promotion of social welfare within the state of rhode island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,442,215$5,229,734▼ $1,212,481
Accounts Receivable$6,286$7,869▲ $1,583
Cash and Non-Interest-Bearing Accounts$5,097$4,221▼ $876
Land, Buildings, and Equipment, Net$908$1,282▲ $374
Total Assets$6,455,606$5,244,206▼ $1,211,400
Other Assets Total$1,100$1,100→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,067,276$4,933,231▼ $1,134,045
Net Assets With Donor Restrictions$388,330$310,975▼ $77,355
Total Net Assets Fund Balance$6,455,606$5,244,206▼ $1,211,400
Total Liabilities and Net Assets / Fund Balance$6,455,606$5,244,206▼ $1,211,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,282$426$800
Other Assets Org$1,100--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$6,455,606$50,000--$5,973,655
2020$5,835,874$28,000▲ $1,137,347-$6,455,606
2019$5,900,645-▲ $445,929-$5,835,874
2018$5,910,145-▲ $472,525--
2017$6,015,577-▲ $373,651--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
John J Partridge EsqChairman of the Board
Scott AvedisianVice Chairman
Jane LynchExecutive Director
Victor CapellanTrustee
Mark RussellSecretary
Amy VitaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$0
Investment Income
$422,156
Other Revenue
$23,837
All Other Contributions
$50,000
Change in Net Assets
$-37,832

Audited Revenue Reconciliation

Revenue per Audited Statements
$494,119
Revenue Not Reported on Financial Statements
$1,874
Revenue Not Reported on Form 990
$-1,173,567
Other Revenue Adjustments
$1,874
Total Revenue per Audited Statements
$-679,448
Total Revenue per Form 990
$495,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$333,259
Salaries, Compensation, and Employee Benefits$126,989
Other Expenses$73,577
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$333,259--$333,259
Current Officers, Directors, Trustees, and Key Employees$57,206$14,302-$71,508
Other Salaries and Wages$36,800$9,200-$46,000
Fees for Service Investment Mgmnt Fees$16,595$14,575-$31,170
Occupancy$16,761--$16,761
Fees for Services Accounting$6,786$4,914-$11,700
Payroll Taxes$8,380$1,101-$9,481
Office Expenses$4,098$1,024-$5,122
Information Technology$2,876$1,790-$4,666
Insurance-$2,439-$2,439
Other Expenses$1,187$106-$1,293
Depreciation Depletion$344$82-$426
Total Functional Expenses$484,292$49,533$0$533,825

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$533,825
Expenses per Audited Statements$531,951
Total Expenses per Audited Statements$531,951
Expenses Not Reported on Financial Statements$1,874
Other Expense Adjustments$1,874
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
State of Rhode IslandProvidence, RI--$333,259
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7A

“The trustees are appointed by the governor of the state of ri.”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“The trustees reviewed a draft of form 990 prior to filing.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

“The conflict of interest policy requires annual reporting and the information is provided to the trustees.”

FORM 990, PAGE 6, PART VI, LINE 15A

“The process for determining the salary of the executive director includes a review and approval during the budgeting process by the trustees who are independent persons familiar with comparable compensation information.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Ocean State Charities Trust
EIN
05-0390916
Phone
4017289008
Address
ONE CITIZENS BANK WAY, JOHNSTON, RI 02919

Signing Officer

Name
Scott Avedisian
Title
Vice Chairman
Phone
4017289008
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Lynch
Formed
1981
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Kpmg Llp
Address
ONE FINANCIAL PLAZA SUITE 2300, PROVIDENCE, RI 02903
Preparer
Bradley N Sprong
Phone
4012282600
Supplemental Narrative

Financial Statement Notes

Explanation for Schedule D, Part V, Line 4

“The endowment funds support the mission and program of the organization.”

EXPLANATION FOR SCHEDULE D, PART XI, LINE 2D

“Miscellaneous reimbursements $47”

EXPLANATION FOR SCHEDULE D, PART XI, LINE 4B

“Grant recovery $1,827 and miscellaneous reimbursements $47”

EXPLANATION FOR SCHEDULE D, PART XII, LINE 2D

“Miscellaneous reimbursements of $47”

EXPLANATION FOR SCHEDULE D, PART XII, LINE 4B

“Grant recovery $1,827 and miscellaneous reimbursements of $47”

Raw XML AppendixShowing 400 of 442 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsReceivableGrp/BOYAmt06286
IRS990/AccountsReceivableGrp/EOYAmt07869
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTION OF SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt050000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JANE LYNCH
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0HOPE ARTISTE VILLAGE
IRS990/BooksInCareOfDetail/PhoneNum04017289008
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01005 MAIN STREET SUITE 2123
IRS990/BooksInCareOfDetail/USAddress/CityNm0PAWTUCKET
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002860
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05097
IRS990/CashNonInterestBearingGrp/EOYAmt04221
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014302
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt057206
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt071508
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt050000
IRS990/CYGrantsAndSimilarPaidAmt0333259
IRS990/CYInvestmentIncomeAmt0422156
IRS990/CYOtherExpensesAmt073577
IRS990/CYOtherRevenueAmt023837
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-37832
IRS990/CYSalariesCompEmpBnftPaidAmt0126989
IRS990/CYTotalExpensesAmt0533825
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0495993
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt082
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0344
IRS990/DepreciationDepletionGrp/TotalAmt0426
IRS990/Desc0AS A CHARITABLE TRUST, OCEAN STATE CHARITIES TRUST PROMOTES SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND THROUGH GRANTS TO PUBLIC CHARITIES THAT PROVIDE ASSISTANCE TO CITIZENS WITHIN THE STATE OF RHODE ISLAND, PARTICULARLY THOSE CHARITIES WHOSE PURPOSES IS TO PROMOTE OR SUPPORT HOUSING, HEALTH, EDUCATION AND WELFARE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0388330
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0310975
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt0333259
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04914
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06786
IRS990/FeesForServicesAccountingGrp/TotalAmt011700
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt014575
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt016595
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt031170
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN J PARTRIDGE ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT AVEDISIAN
IRS990/Form990PartVIISectionAGrp/PersonNm2JANE LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm3VICTOR CAPELLAN
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm5AMY VITALE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0277669
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0333259
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0333259
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0333259
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01881393
IRS990/GrossReceiptsAmt02099717
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01790
IRS990/InformationTechnologyGrp/ProgramServicesAmt02876
IRS990/InformationTechnologyGrp/TotalAmt04666
IRS990/InsuranceGrp/ManagementAndGeneralAmt02439
IRS990/InsuranceGrp/TotalAmt02439
IRS990/InvestmentIncomeGrp/ExclusionAmt0144487
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0144487
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06442215
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05229734
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0426
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0908
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01282
IRS990/LandBldgEquipCostOrOtherBssAmt01708
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01603724
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTION OF SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt06455606
IRS990/NetAssetsOrFundBalancesEOYAmt05244206
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0277669
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0277669
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1173568
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06067276
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04933231
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt016761
IRS990/OccupancyGrp/TotalAmt016761
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01024
IRS990/OfficeExpensesGrp/ProgramServicesAmt04098
IRS990/OfficeExpensesGrp/TotalAmt05122
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01100
IRS990/OtherAssetsTotalGrp/EOYAmt01100
IRS990/OtherExpensesGrp/Desc0PAYROLL PROCESSING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0106
IRS990/OtherExpensesGrp/ProgramServicesAmt01187
IRS990/OtherExpensesGrp/TotalAmt01293
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt023837
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt023837
IRS990/OtherRevenueTotalAmt023837
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036800
IRS990/OtherSalariesAndWagesGrp/TotalAmt046000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01101
IRS990/PayrollTaxesGrp/ProgramServicesAmt08380
IRS990/PayrollTaxesGrp/TotalAmt09481
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JANE LYNCH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt028840
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0351448
IRS990/PYInvestmentIncomeAmt0574457
IRS990/PYOtherExpensesAmt074026
IRS990/PYOtherRevenueAmt019767
IRS990/PYRevenuesLessExpensesAmt076609
IRS990/PYSalariesCompEmpBnftPaidAmt0120981
IRS990/PYTotalExpensesAmt0546455
IRS990/PYTotalRevenueAmt0623064
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-37832
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0056000522
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0333259
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0STATE OF RHODE ISLAND
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0333259
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.94070
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0198692
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06455606
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05973655
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0333259
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0194167
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05835874
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt028000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06455606
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0351448
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01137347
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0192505
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05900645
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05835874
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0318195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0445929
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0189047
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05910145
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0292978
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0472525
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0186762
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06015577
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0292321
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0373651
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01282
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0426
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0908
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0800
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01874
IRS990ScheduleD/ExpensesSubtotalAmt0531951
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1173567
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesNotIncludedAmt01874
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01874
IRS990ScheduleD/RevenueNotReportedAmt0-1173567
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01874
IRS990ScheduleD/RevenueSubtotalAmt0494119
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS SUPPORT THE MISSION AND PROGRAM OF THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MISCELLANEOUS REIMBURSEMENTS $47
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GRANT RECOVERY $1,827 AND MISCELLANEOUS REIMBURSEMENTS $47
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3MISCELLANEOUS REIMBURSEMENTS OF $47
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4GRANT RECOVERY $1,827 AND MISCELLANEOUS REIMBURSEMENTS OF $47
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR SCHEDULE D, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR SCHEDULE D, PART XI, LINE 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR SCHEDULE D, PART XI, LINE 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR SCHEDULE D, PART XII, LINE 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR SCHEDULE D, PART XII, LINE 4b
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.05930
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01282
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01100
IRS990ScheduleD/TotalExpensesPerForm990Amt0533825
IRS990ScheduleD/TotalRevenuePerForm990Amt0495993
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-679448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0531951
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0333259
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0STATE OF RHODE ISLAND
IRS990ScheduleI/RecipientTable/RecipientEIN0056000522
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt086 WEYBOSSET STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PROVIDENCE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0RI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0029032800
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE ONLY TO ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES UNDER SECTIONS 501(C)(3) AND 509(A) AND APPLY FOR ASSISTANCE TO CARRY OUT A DESIGNATED PROGRAM OR ACTIVITY. THE PUBLIC CHARITY TO WHICH A GRANT IS MADE IS REQUIRED TO ACKNOWLEDGE THE RECEIPT OF THE GRANT AND TO REPORT UPON THE USE OF THE FUNDS. IN THE EVENT AN ORGANIZATION DOES NOT USE A GRANT FOR THE STATED PURPOSE, THE CHARITY IS REQUESTED TO RETURN THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES ARE APPOINTED BY THE GOVERNOR OF THE STATE OF RI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES REVIEWED A DRAFT OF FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL REPORTING AND THE INFORMATION IS PROVIDED TO THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING THE SALARY OF THE EXECUTIVE DIRECTOR INCLUDES A REVIEW AND APPROVAL DURING THE BUDGETING PROCESS BY THE TRUSTEES WHO ARE INDEPENDENT PERSONS FAMILIAR WITH COMPARABLE COMPENSATION INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06455606
IRS990/TotalAssetsEOYAmt05244206
IRS990/TotalAssetsGrp/BOYAmt06455606
IRS990/TotalAssetsGrp/EOYAmt05244206
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049533
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0484292
IRS990/TotalFunctionalExpensesGrp/TotalAmt0533825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06455606
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05244206
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0333259
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0445993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0495993
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06455606

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,244,206
Liabilities
$0
Net assets
$5,244,206
Revenue
$495,993
Expenses
$533,825
Net income
-$37,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.30$0.05$5.26$0.33$0.51$0.18
2024Detailed filing. Detailed filing data is available for this year.$5.32$0.05$5.27$0.39$0.58$0.19
2023Detailed filing. Detailed filing data is available for this year.$5.22$0.07$5.15$0.54$0.62$0.08
2022Detailed filing. Detailed filing data is available for this year.$5.24$0.00$5.24$0.50$0.53$0.04
2021Detailed filing. Detailed filing data is available for this year.$6.46$0.00$6.46$0.62$0.55$0.08
2020Summary only. Only limited summary data is available for this year.$5.84$0.00$5.84$0.24$0.51$0.27
2019Summary only. Only limited summary data is available for this year.$5.90$0.00$5.90$0.30$0.48$0.18
2018Summary only. Only limited summary data is available for this year.$5.91$0.00$5.91$0.35$0.48$0.13
2017Summary only. Only limited summary data is available for this year.$6.02$0.00$6.02$0.48$0.48$0.01
2016Summary only. Only limited summary data is available for this year.$5.99$0.00$5.99$0.40$0.45$0.06
2015Summary only. Only limited summary data is available for this year.$6.14$0.00$6.14$0.48$0.43$0.05
2014Summary only. Only limited summary data is available for this year.$6.23$0.00$6.23$0.56$0.39$0.17
2013Summary only. Only limited summary data is available for this year.$5.75$0.00$5.75$0.58$0.42$0.15
2012Summary only. Only limited summary data is available for this year.$5.56$0.00$5.56$0.95$0.44$0.51
2011Summary only. Only limited summary data is available for this year.$5.65$0.00$5.65$0.22$0.40$0.18