Civic Intelligence

Rhode Island College Foundation

990 • Fiscal year 2023 • EIN 05-6049721

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 09, 2023

Organization ProfileWWW.RIC.EDU

View Organization Page

600 Mount Pleasant AvenueProvidence, RI 02908

(401) 456-8105

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.38x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$153,761

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$43,255,879

Up $4,652,396 (+12%) from 2022

Net Assets

Up

$41,963,650

Up $4,312,927 (+11%) from 2022

Liabilities

Up

$1,292,229

Up $339,469 (+36%) from 2022

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin66th percentile

Revenue

Down

$3,438,035

Down $4,939,685 (-59%) from 2022

Expenses

Up

$3,058,685

Up $957,900 (+46%) from 2022

Net Income

Down

$379,350

Down $5,897,585 (-94%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$60M$40M$20M$0Assets 2010: $18,784,508Liabilities 2010: $1,000,512Net Assets 2010: $17,783,9962010Assets 2011: $22,292,099Liabilities 2011: $922,540Net Assets 2011: $21,369,5592011Assets 2012: $23,234,082Liabilities 2012: $936,917Net Assets 2012: $22,297,1652012Assets 2013: $24,983,500Liabilities 2013: $723,975Net Assets 2013: $24,259,5252013Assets 2014: $28,534,282Liabilities 2014: $830,909Net Assets 2014: $27,703,3732014Assets 2015: $30,318,482Liabilities 2015: $945,251Net Assets 2015: $29,373,2312015Assets 2016: $29,097,701Liabilities 2016: $1,471,766Net Assets 2016: $27,625,9352016Assets 2017: $32,933,945Liabilities 2017: $1,268,295Net Assets 2017: $31,665,6502017Assets 2018: $36,755,602Liabilities 2018: $1,034,279Net Assets 2018: $35,721,3232018Assets 2019: $36,545,324Liabilities 2019: $955,362Net Assets 2019: $35,589,9622019Assets 2020: $34,499,548Liabilities 2020: $932,621Net Assets 2020: $33,566,9272020Assets 2021: $46,078,068Liabilities 2021: $1,607,024Net Assets 2021: $44,471,0442021Assets 2022: $38,603,483Liabilities 2022: $952,760Net Assets 2022: $37,650,7232022Assets 2023: $43,255,879Liabilities 2023: $1,292,229Net Assets 2023: $41,963,6502023Assets 2024: $48,042,629Liabilities 2024: $563,669Net Assets 2024: $47,478,9602024Assets 2025: $54,347,107Liabilities 2025: $486,821Net Assets 2025: $53,860,2862025

Highlighted filing

2023

Assets$43,255,879
Liabilities$1,292,229
Net Assets$41,963,650
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,050,1272010Expenses 2011: $2,173,7782011Expenses 2012: $2,116,0372012Revenue 2013: $3,448,565Expenses 2013: $1,782,337Net Income 2013: $1,666,2282013Revenue 2014: $3,808,596Expenses 2014: $1,996,791Net Income 2014: $1,811,8052014Revenue 2015: $5,184,271Expenses 2015: $2,122,651Net Income 2015: $3,061,6202015Revenue 2016: $2,772,032Expenses 2016: $3,991,719Net Income 2016: -$1,219,6872016Revenue 2017: $4,230,978Expenses 2017: $3,063,336Net Income 2017: $1,167,6422017Revenue 2018: $6,237,087Expenses 2018: $2,939,869Net Income 2018: $3,297,2182018Revenue 2019: $3,973,565Expenses 2019: $4,238,394Net Income 2019: -$264,8292019Revenue 2020: $2,368,680Expenses 2020: $4,269,764Net Income 2020: -$1,901,0842020Revenue 2021: $6,584,099Expenses 2021: $3,428,558Net Income 2021: $3,155,5412021Revenue 2022: $8,377,720Expenses 2022: $2,100,785Net Income 2022: $6,276,9352022Revenue 2023: $3,438,035Expenses 2023: $3,058,685Net Income 2023: $379,3502023Revenue 2024: $4,271,503Expenses 2024: $4,236,138Net Income 2024: $35,3652024Revenue 2025: $6,507,300Expenses 2025: $4,003,265Net Income 2025: $2,504,0352025

Highlighted filing

2023

Revenue$3,438,035
Expenses$3,058,685
Net Income$379,350
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$7,155,334
Mission and Program Overview

Mission

To encourage and receive private and public support to enhance and expand rhode island college's continued tradition of educational excellence. The foundation provides support for scholarships, faculty research grants, capital improvements, lecturers and other programs.

To receive support rhode island college's continued tradition of educational excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$35,821,183$40,153,112▲ $4,331,929
Pledges and Grants Receivable$1,268,535$1,145,561▼ $122,974
Savings and Temporary Cash Investments$333,182$877,790▲ $544,608
Prepaid Expenses and Deferred Charges$5,982--
Cash and Non-Interest-Bearing Accounts$31--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$38,603,483$43,255,879▲ $4,652,396
Other Assets Total$1,174,570$1,079,416▼ $95,154
Liabilities
Accounts Payable and Accrued Expenses$197,888$735,497▲ $537,609
Other Liabilities$425,444$352,304▼ $73,140
Grants Payable$329,428$204,428▼ $125,000
Total Liabilities$952,760$1,292,229▲ $339,469
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,595,727$37,449,520▲ $2,853,793
Net Assets Without Donor Restrictions$3,054,996$4,514,130▲ $1,459,134
Total Net Assets Fund Balance$37,650,723$41,963,650▲ $4,312,927
Total Liabilities and Net Assets / Fund Balance$38,603,483$43,255,879▲ $4,652,396

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$40,188$40,188
Other Land Buildings$0$1,078$1,078

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$31,625,389$1,974,721▲ $1,950,154$2,513,945$33,036,319
2021$38,022,671$954,561▼ $6,008,003$1,343,843$31,625,386
2020$28,591,646$3,822,094▲ $7,834,890$2,225,959$38,022,671
2019$27,860,602$986,589▼ $56,083$199,462$28,591,646
2018$27,607,970$782,058▲ $1,654,608$2,184,034$27,860,602
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Alan ChillePast President
Gary DicenzoVice President
Alan TenreiroBoard Member
Ann Marie DasilvaBoard Member
Anne DestefanoBoard Member
Barbara SmithBoard Member
Carol MorettiBoard Member
David DepetrilloBoard Member
Eugene SimoneBoard Member
Georgia FortunatoBoard Member
John J Smith JrBoard Member
Joyce StevosBoard Member
Louis MarcianoBoard Member
Roderick E DasilvaBoard Member
Thomas FitzgeraldBoard Member
Vincent CullenBoard Member
Michelle JohnsonBoard Member (until 3/23)
Rosemary KhosrovaniBoard Member (until 6/23)
Travis EscobarBoard Member (until 6/23)
William FazioliBoard Member (until 6/23)
Kimberly Conway DumpsonExecutive Director
Kyla PecchiaSecretary
Gary MohamedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,743,226
Program Service Revenue
$0
Investment Income
$562,250
Other Revenue
$132,559
All Other Contributions
$2,607,396
Change in Net Assets
$379,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,301,100
Revenue Not Reported on Financial Statements
$136,935
Revenue Not Reported on Form 990
$3,933,577
Total Revenue per Audited Statements
$7,234,677
Total Revenue per Form 990
$3,438,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,510,788
Other Expenses$794,797
Salaries, Compensation, and Employee Benefits$753,100
Total Fundraising Expense$360,397
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,510,788--$1,510,788
Other Salaries and Wages$288,051$66,686$302,091$656,828
Fees for Services Other$116,631$53,973-$170,604
Fees for Service Investment Mgmnt Fees-$136,935-$136,935
All Other Expenses$47,796$27,554-$75,350
Other Expenses$45,638$2,112$7,411$45,638
Travel$44,393-$750$45,143
Other Employee Benefits$18,874$4,369$19,794$43,037
Payroll Taxes$12,971$4,772$14,160$31,903
Pension Plan Contributions$9,355$2,166$9,811$21,332
Total Functional Expenses$2,399,721$298,567$360,397$3,058,685

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,058,685
Expenses per Audited Statements$2,921,750
Total Expenses per Audited Statements$2,921,750
Expenses Not Reported on Financial Statements$136,935
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rhode Island CollegeProvidence, RI501(c)(3)Financial Support to Rhode Island College for Capital Improvements, Purchase of Equipment and Need and Merit Based Scholarships to Students and Assistance With Faculty Programming. Scholarships Were Awarded During the Reporting Period to 507 Rhode Island College Students.$1,510,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$62,655
Fundraising Gross Income$47,702
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Giving Day$138,357$33,438$23,081$10,357
Nazarian Birthday Celebration$21,720-$4,367-
Total Events$183,532$47,702$55,510$-7,808
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held in Custody for Others$337,702
Annuities Payable$14,602
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Tom and louise barry are married and are both trustees. Trustees are advisors only and do have not voting authority”

Form 990, Part VI, Section A, Line 4

“Non-members are permitted to serve on all committees.”

Form 990, Part VI, Section B, Line 11B

“The audit and investment committees for the rhode island college foundation board of directors are charged with reviewing the form 990 and reporting its findings to the full board at the next scheduled board meeting. The board of directors is provided a copy of the 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to complete and sign an agreement acknowledging that in the event that any and all conflict(s) of interest exist, board members must declare the conflict of interest and abstain from any vote where a conflict exists. This process takes place annually and is monitored bt the governance committee.”

Form 990, Part VI, Section B, Line 15

“The executive director is an employee of the college. The foundation, through the budget process, has agreed to pay a portion of their salary. The process described here was last completed in 2019”

Form 990, Part VI, Section C, Line 19

“The foundation's governance structure, audited financial statements, form 990s and annual reports are available for viewing via the foundation's website.”

Filing and Contact Details

Filer

Filer Name
Rhode Island College Foundation
EIN
05-6049721
Phone
4014568105
Address
600 MOUNT PLEASANT AVENUE, PROVIDENCE, RI 02908

Signing Officer

Name
Denise Domin
Title
Director Administration and Finance
Phone
4014568105
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Stevos
Formed
1965
Legal Domicile
Ri
Voting Board Members
18
Independent Board Members
18
Employees
10
Volunteers
30

Preparer

Firm
Cliftonlarsonallen
Address
4 BATTERYMARCH PARK SUITE 100, QUINCY, MA 02169
Preparer
Danielle Nihill
Phone
7817821001
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in gift annuity values 151.”

PART XII, LINE 2C:

“The audit committee of the board of directors is responsible for the hiring of auditors and oversight of the annual audit of financial statements.”

Financial Statement Notes

PART III, LINE 4:

“The organization holds a collection of various pieces of artwork which, based on the foundation's mission statement to solicit, encourage and receive gifts from private sources for the benefit of rhode island college, serves as a means of enhancing the beauty of the college's academic buildings.”

PART V, LINE 4:

“The foundation's endowment funds exist in perpetuity as a means to provide support for scholarships, awards and programs based on donor intent. Its endowment includes both donor-restricted endowment funds and $68,350 in funds designated by the board to function as endowments.”

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The foundation reports tax-related interest and penalties, if any, as a component of interest expense.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in gift annuity values 151.”

Raw XML AppendixShowing 400 of 720 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm13BARBARA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm14JOYCE STEVOS
IRS990/Form990PartVIISectionAGrp/PersonNm15ALAN TENREIRO
IRS990/Form990PartVIISectionAGrp/PersonNm16GEORGIA FORTUNATO
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN J SMITH JR
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHELLE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm19ROSEMARY KHOSROVANI
IRS990/Form990PartVIISectionAGrp/PersonNm20WILLIAM FAZIOLI
IRS990/Form990PartVIISectionAGrp/PersonNm21TRAVIS ESCOBAR
IRS990/Form990PartVIISectionAGrp/PersonNm22KIMBERLY CONWAY DUMPSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt22153761
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER (UNTIL 3/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER (UNTIL 6/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER (UNTIL 6/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER (UNTIL 6/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0135830
IRS990/FundraisingDirectExpensesAmt062655
IRS990/FundraisingGrossIncomeAmt047702
IRS990/GainOrLossGrp/SecuritiesAmt0-241446
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt0788570
IRS990/GrantsPayableGrp/BOYAmt0329428
IRS990/GrantsPayableGrp/EOYAmt0204428
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01510788
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01510788
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03413198
IRS990/GrossReceiptsAmt07155334
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0803696
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0803696
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt035821183
IRS990/InvestmentsPubTradedSecGrp/EOYAmt040153112
IRS990/IRPDocumentCnt063
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt041266
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt041266
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03654644
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENCOURAGE AND RECEIVE PRIVATE AND PUBLIC SUPPORT TO ENHANCE AND EXPAND RHODE ISLAND COLLEGE'S CONTINUED TRADITION OF EDUCATIONAL EXCELLENCE. THE FOUNDATION PROVIDES SUPPORT FOR SCHOLARSHIPS, FACULTY RESEARCH GRANTS, CAPITAL IMPROVEMENTS, LECTURERS AND OTHER PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt037650723
IRS990/NetAssetsOrFundBalancesEOYAmt041963650
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-241446
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-241446
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-14953
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-14953
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03933426
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03054996
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04514130
IRS990/NoncashContributionsAmt017279
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01174570
IRS990/OtherAssetsTotalGrp/EOYAmt01079416
IRS990/OtherChangesInNetAssetsAmt0151
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt019794
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04369
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018874
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043037
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1CULTIVATION & APPEAL
IRS990/OtherExpensesGrp/Desc2SPONSORSHIP & PROMOTION
IRS990/OtherExpensesGrp/Desc3RECEPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt06380
IRS990/OtherExpensesGrp/FundraisingAmt17411
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02112
IRS990/OtherExpensesGrp/ProgramServicesAmt0151022
IRS990/OtherExpensesGrp/ProgramServicesAmt197180
IRS990/OtherExpensesGrp/ProgramServicesAmt257022
IRS990/OtherExpensesGrp/ProgramServicesAmt345638
IRS990/OtherExpensesGrp/TotalAmt0159514
IRS990/OtherExpensesGrp/TotalAmt1104591
IRS990/OtherExpensesGrp/TotalAmt257022
IRS990/OtherExpensesGrp/TotalAmt345638
IRS990/OtherLiabilitiesGrp/BOYAmt0425444
IRS990/OtherLiabilitiesGrp/EOYAmt0352304
IRS990/OtherRevenueMiscGrp/BusinessCd0900003
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0147512
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0147512
IRS990/OtherRevenueTotalAmt0147512
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0302091
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt066686
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0288051
IRS990/OtherSalariesAndWagesGrp/TotalAmt0656828
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014160
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04772
IRS990/PayrollTaxesGrp/ProgramServicesAmt012971
IRS990/PayrollTaxesGrp/TotalAmt031903
IRS990/PensionPlanContributionsGrp/FundraisingAmt09811
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02166
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09355
IRS990/PensionPlanContributionsGrp/TotalAmt021332
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01268535
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01145561
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05982
IRS990/PrincipalOfficerNm0JOYCE STEVOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE DEPARTMENT OF INTERCOLLEGIATE ATHLETIC SERVICES WITH ATHLETE FACILITY IMPROVEMENTS/MAINTENANCE, UNIFORMS AND EQUIPMENT FOR VARIOUS TEAMS, AND THE PURCHASE OF TROPHIES/AWARDS FOR ATHLETES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0691044
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0329396
IRS990/ProgSrvcAccomActy3Grp/Desc0FINANCIAL SUPPORT TO RIC TO SUPPORT STUDENT ENGAGEMENT, LECTURES, FACULTY GRANTS AND SUPPLEMENTAL COMPENSATION AND CONFERENCES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0475763
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0282892
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUPPORT TO RIC TO SUPPORT EVENTS/ACTIVITIES, NON-CAPITALIZED EQUIPMENT AND PROFESSIONAL DEVELOPMENT.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0444344
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0109930
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01411670
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0824283
IRS990/PYInvestmentIncomeAmt06818772
IRS990/PYOtherExpensesAmt0671144
IRS990/PYOtherRevenueAmt0147278
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt06276935
IRS990/PYSalariesCompEmpBnftPaidAmt0605358
IRS990/PYTotalExpensesAmt02100785
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08377720
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0379350
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0333182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0877790
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2020 AMOUNT: $ 124,019. 2021 AMOUNT: $ 144,638. 2022 AMOUNT: $ 147,512.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,255,879
Liabilities
$1,292,229
Net assets
$41,963,650
Revenue
$3,438,035
Expenses
$3,058,685
Net income
$379,350
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$54.3$0.49$53.9$6.51$4.00$2.50
2024Detailed filing. Detailed filing data is available for this year.$48.0$0.56$47.5$4.27$4.24$0.04
2023Detailed filing. Detailed filing data is available for this year.$43.3$1.29$42.0$3.44$3.06$0.38
2022Detailed filing. Detailed filing data is available for this year.$38.6$0.95$37.7$8.38$2.10$6.28
2021Detailed filing. Detailed filing data is available for this year.$46.1$1.61$44.5$6.58$3.43$3.16
2020Detailed filing. Detailed filing data is available for this year.$34.5$0.93$33.6$2.37$4.27$1.90
2019Detailed filing. Detailed filing data is available for this year.$36.5$0.96$35.6$3.97$4.24$0.26
2018Detailed filing. Detailed filing data is available for this year.$36.8$1.03$35.7$6.24$2.94$3.30
2017Detailed filing. Detailed filing data is available for this year.$32.9$1.27$31.7$4.23$3.06$1.17
2016Detailed filing. Detailed filing data is available for this year.$29.1$1.47$27.6$2.77$3.99$1.22
2015Detailed filing. Detailed filing data is available for this year.$30.3$0.95$29.4$5.18$2.12$3.06
2014Detailed filing. Detailed filing data is available for this year.$28.5$0.83$27.7$3.81$2.00$1.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.0$0.72$24.3$3.45$1.78$1.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$0.94$22.3$2.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$0.92$21.4$2.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$1.00$17.8$2.05
Peer Organizations

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