Civic Intelligence

Trust U/Will of Orlando R Smith

990 • Fiscal year 2023 • EIN 23-7352670

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 20, 2024

124 Granite StreetWesterly, RI 02891

(401) 596-5704

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.02x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

59th percentile

8.0%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

15%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$992,835

Up $73,243 (+8.0%) from 2022

Net Assets

Up

$991,245

Up $73,700 (+8.0%) from 2022

Liabilities

Down

$1,590

Down $457 (-22%) from 2022

Revenue

Up

$96,072

Up $12,787 (+15%) from 2022

Expenses

Up

$85,623

Up $2,555 (+3.1%) from 2022

Net Income

Up

$10,449

Up $10,232 (+4715%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $515,903Liabilities 2011: $0Net Assets 2011: $515,9032011Assets 2012: $518,444Liabilities 2012: $0Net Assets 2012: $518,4442012Assets 2013: $812,938Liabilities 2013: $1,024Net Assets 2013: $811,9142013Assets 2014: $811,511Liabilities 2014: $7,018Net Assets 2014: $804,4932014Assets 2015: $791,752Liabilities 2015: $1,052Net Assets 2015: $790,7002015Assets 2016: $815,516Liabilities 2016: $2,103Net Assets 2016: $813,4132016Assets 2017: $847,102Liabilities 2017: $2,693Net Assets 2017: $844,4092017Assets 2018: $846,487Liabilities 2018: $2,586Net Assets 2018: $843,9012018Assets 2019: $897,324Liabilities 2019: $3,592Net Assets 2019: $893,7322019Assets 2020: $948,101Liabilities 2020: $2,396Net Assets 2020: $945,7052020Assets 2021: $1,025,899Liabilities 2021: $1,786Net Assets 2021: $1,024,1132021Assets 2022: $919,592Liabilities 2022: $2,047Net Assets 2022: $917,5452022Assets 2023: $992,835Liabilities 2023: $1,590Net Assets 2023: $991,2452023Assets 2024: $1,130,648Liabilities 2024: $1,879Net Assets 2024: $1,128,7692024

Highlighted filing

2023

Assets$992,835
Liabilities$1,590
Net Assets$991,245

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $70,6892011Expenses 2012: $81,5522012Revenue 2013: $328,365Expenses 2013: $69,576Net Income 2013: $258,7892013Revenue 2014: $83,628Expenses 2014: $99,895Net Income 2014: -$16,2672014Revenue 2015: $74,413Expenses 2015: $80,172Net Income 2015: -$5,7592015Revenue 2016: $83,705Expenses 2016: $79,074Net Income 2016: $4,6312016Revenue 2017: $79,879Expenses 2017: $86,435Net Income 2017: -$6,5562017Revenue 2018: $117,110Expenses 2018: $89,887Net Income 2018: $27,2232018Revenue 2019: $79,063Expenses 2019: $96,252Net Income 2019: -$17,1892019Revenue 2020: $73,687Expenses 2020: $77,601Net Income 2020: -$3,9142020Revenue 2021: $95,155Expenses 2021: $74,790Net Income 2021: $20,3652021Revenue 2022: $83,285Expenses 2022: $83,068Net Income 2022: $2172022Revenue 2023: $96,072Expenses 2023: $85,623Net Income 2023: $10,4492023Revenue 2024: $205,653Expenses 2024: $120,362Net Income 2024: $85,2912024

Highlighted filing

2023

Revenue$96,072
Expenses$85,623
Net Income$10,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 20, 2024
Return Version
2023v5.1
Gross Receipts
$96,907
Mission and Program Overview

Mission

To maintain an historic museum and grounds (circa 1734) for educational purposes and for the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$476,554$562,703▲ $86,149
Land, Buildings, and Equipment, Net$316,291$290,291▼ $26,000
Savings and Temporary Cash Investments$65,381$79,090▲ $13,709
Cash and Non-Interest-Bearing Accounts$48,173$43,355▼ $4,818
Inventories for Sale or Use$11,636$10,801▼ $835
Prepaid Expenses and Deferred Charges$1,557$6,595▲ $5,038
Total Assets$919,592$992,835▲ $73,243
Liabilities
Accounts Payable and Accrued Expenses$2,047$1,290▼ $757
Other Liabilities$0$300▲ $300
Total Liabilities$2,047$1,590▼ $457
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$913,455$987,155▲ $73,700
Net Assets With Donor Restrictions$4,090$4,090→ $0
Total Net Assets Fund Balance$917,545$991,245▲ $73,700
Total Liabilities and Net Assets / Fund Balance$919,592$992,835▲ $73,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$206,886$514,737$721,623
Land$75,205-$75,205
Equipment$8,200$9,548$17,748
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$51,653
Program Service Revenue
$6,967
Investment Income
$16,039
Other Revenue
$21,413
All Other Contributions
$9,725
Change in Net Assets
$10,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,623
Total Fundraising Expense$8,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$20,800$2,600$2,600$26,000
Occupancy$11,220$1,402$1,402$14,024
Insurance$8,482$1,060$1,060$10,602
Fees for Service Investment Mgmnt Fees$3,033$3,033-$6,066
All Other Expenses$3,939$374$1,233$5,546
Information Technology$2,979$373$373$3,725
Other Expenses$2,038$291$582$2,911
Office Expenses$635$91$182$908
Advertising$317-$79$396
Total Functional Expenses$65,952$10,769$8,902$85,623
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

Form 990, Part VI, Section A, line 6

Line 6 explanation - Membership categories are indications of level of cash contributions. Members have no involvement in governance or compliance issues.

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

Line 11 explanation - A minimum of two Trustees reviews Form 990 prior to it's filing. Form 990 is made available to all Trustees for review and comment.

Form 990, Part VI, Section C, line 19

All documents required to be available to the general public are available to the public upon request of any Trustee.

Form 990, Part VIII, Line 10

Sale of Inventory represents a book that Trustees of the Trust wrote and produced. The publication, "Built From Stone", focuses entirely on the history of the Granite Industry in the geographic region over a 100 year period. All proceeds remain within the Trust. Sale of Inventory also includes a DVD documentary done by one Trustee called "Carved From Stone" that also reflects the history of the Granite Industry at that time and over the same region. Lastly, Sale of Inventory includes a second DVD documentary done by the same Trustee called "The Patriot from Kings County" that explores the life and history of Dr. Joshua Babcock who built the original mansion. All proceeds from DVD sales also remain within the Trust.

Filing and Contact Details

Filer

Filer Name
Orlando R Smith Trust
EIN
23-7352670
Phone
4015965704
Address
124 Granite Street, Westerly, RI 02891
Doing Business As
The Babcock-Smith House

Signing Officer

Name
Andrew Rogers
Title
President
Phone
4015965704
Signed
2024-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Rogers
Formed
1972
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
40

Preparer

Firm
Pucci Greene & Fusaro LLC
Address
110 Airport Road, Westerly, RI 02891
Preparer
Stephen M Greene CPA
Phone
4015961926
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A:

N/A

Part III, Line 4:

The Trust owns period furnishings from the 18th and 19th centuries displayed throughout the Museum building to support the mission of providing an historic Museum (circa 1734) for educational purposes and for the general public. The Trust also owns extensive Granite Industry documentation from the 19th and 20th centuries of great research value that is available for public use and is in fact used by the public on an increasing basis.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01557
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06595
IRS990/PrincipalOfficerNm0Andrew Rogers
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0Programs
IRS990/ProgramServiceRevenueGrp/Desc1Admissions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05858
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11109
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt049691
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013019
IRS990/PYOtherExpensesAmt083068
IRS990/PYOtherRevenueAmt019488
IRS990/PYProgramServiceRevenueAmt01087
IRS990/PYRevenuesLessExpensesAmt0217
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt083068
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt083285
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt010449
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt07000
IRS990/RentalIncomeOrLossGrp/RealAmt021156
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065381
IRS990/SavingsAndTempCashInvstGrp/EOYAmt079090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt051653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt049691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt053764
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt037740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt044383
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0237231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt041028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt035116
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032832
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0179118
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt011096
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56980
IRS990ScheduleA/PublicSupportPY170Pct00.61110
IRS990ScheduleA/PublicSupportTotal170Amt0237231
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt051653
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt049691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt053764
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt037740
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt044383
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0237231
IRS990ScheduleA/TotalSupportAmt0416349
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0206886
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0514737
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0721623
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt08200
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09548
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017748
IRS990ScheduleD/LandGrp/BookValueAmt075205
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposit
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Trust owns period furnishings from the 18th and 19th centuries displayed throughout the Museum building to support the mission of providing an historic Museum (circa 1734) for educational purposes and for the general public. The Trust also owns extensive Granite Industry documentation from the 19th and 20th centuries of great research value that is available for public use and is in fact used by the public on an increasing basis.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 1a:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0290291
IRS990ScheduleD/TotalLiabilityAmt0300
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 6 explanation - Membership categories are indications of level of cash contributions. Members have no involvement in governance or compliance issues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 11 explanation - A minimum of two Trustees reviews Form 990 prior to it's filing. Form 990 is made available to all Trustees for review and comment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents required to be available to the general public are available to the public upon request of any Trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Sale of Inventory represents a book that Trustees of the Trust wrote and produced. The publication, "Built From Stone", focuses entirely on the history of the Granite Industry in the geographic region over a 100 year period. All proceeds remain within the Trust. Sale of Inventory also includes a DVD documentary done by one Trustee called "Carved From Stone" that also reflects the history of the Granite Industry at that time and over the same region. Lastly, Sale of Inventory includes a second DVD documentary done by the same Trustee called "The Patriot from Kings County" that explores the life and history of Dr. Joshua Babcock who built the original mansion. All proceeds from DVD sales also remain within the Trust.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VIII, Line 10
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0919592
IRS990/TotalAssetsEOYAmt0992835
IRS990/TotalAssetsGrp/BOYAmt0919592
IRS990/TotalAssetsGrp/EOYAmt0992835
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt051653
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08902
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010769
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065952
IRS990/TotalFunctionalExpensesGrp/TotalAmt085623
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02047
IRS990/TotalLiabilitiesEOYAmt01590
IRS990/TotalLiabilitiesGrp/BOYAmt02047
IRS990/TotalLiabilitiesGrp/EOYAmt01590
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0917545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0991245
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt065952
IRS990/TotalProgramServiceRevenueAmt06967
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt037452
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt096072

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.21$0.12$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.10$0.09$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.08$0.08$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.02$0.10$0.07$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.07$0.08$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.89$0.08$0.10$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.00$0.84$0.12$0.09$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.00$0.84$0.08$0.09$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.00$0.81$0.08$0.08$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.00$0.79$0.07$0.08$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.08$0.10$0.02
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.00$0.81$0.33$0.07$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.07