Civic Intelligence

Rb Foundation Inc.

990 • Fiscal year 2019 • EIN 27-3905420

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

Refreshing map…

2130 Providence HighwayWalpole, MA 02081

(781) 449-3346

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Up

$18,033

Up $1,996 (+12%) from 2018

Net Assets

Up

$18,033

Up $1,996 (+12%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$2,965

Up $7,664 (+163%) from 2018

Expenses

Down

$968

Down $31,631 (-97%) from 2018

Net Income

Up

$1,997

Up $39,295 (+105%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $60,334Liabilities 2012: $0Net Assets 2012: $60,3342012Assets 2013: $66,499Liabilities 2013: $0Net Assets 2013: $66,4992013Assets 2014: $48,482Liabilities 2014: $0Net Assets 2014: $48,4822014Assets 2016: $61,501Liabilities 2016: $16,749Net Assets 2016: $44,7522016Assets 2017: $53,335Liabilities 2017: $0Net Assets 2017: $53,3352017Assets 2018: $16,037Liabilities 2018: $0Net Assets 2018: $16,0372018Assets 2019: $18,033Liabilities 2019: $0Net Assets 2019: $18,0332019Assets 2020: $15,887Liabilities 2020: $0Net Assets 2020: $15,8872020Assets 2021: $253,047Liabilities 2021: $27,724Net Assets 2021: $225,3232021Assets 2025: $5,742Liabilities 2025: $0Net Assets 2025: $5,7422025

Highlighted filing

2019

Assets$18,033
Liabilities$0
Net Assets$18,033

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $45,7572012Expenses 2013: $39,9482013Revenue 2014: $53,824Expenses 2014: $71,842Net Income 2014: -$18,0182014Revenue 2016: $64,680Expenses 2016: $58,223Net Income 2016: $6,4572016Revenue 2017: $97,647Expenses 2017: $89,064Net Income 2017: $8,5832017Revenue 2018: -$4,699Expenses 2018: $32,599Net Income 2018: -$37,2982018Revenue 2019: $2,965Expenses 2019: $968Net Income 2019: $1,9972019Revenue 2020: $166Expenses 2020: $2,312Net Income 2020: -$2,1462020Revenue 2021: $254,202Expenses 2021: $44,766Net Income 2021: $209,4362021Revenue 2025: $650Expenses 2025: $8,175Net Income 2025: -$7,5252025

Highlighted filing

2019

Revenue$2,965
Expenses$968
Net Income$1,997
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$2,965
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable and educational purposes within the meaning of the section 501(c)(3) of the internal revenue code including, but not limited to , providing financial assistance to ice hockey players in need, so that they may receive a positive, character building hockey experience, while fostering a passion for the game.

The corporation is organized exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code including, but not limited to, provideing financial assistance to ice hockey players in need, so that they may receive a positive, character building hockey experience, while fostering a passion for the game.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,005$18,033▲ $2,028
Total Assets$16,037$18,033▲ $1,996
Other Assets Total$32$0▼ $32
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$16,037$18,033▲ $1,996
Total Net Assets Fund Balance$16,037$18,033▲ $1,996
Total Liabilities and Net Assets / Fund Balance$16,037$18,033▲ $1,996
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,965
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,965
Change in Net Assets
$1,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$968
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$1,275-$1,275
Other Expenses-$-473-$-473
Total Functional Expenses$0$968$0$968
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
No
Annual disclosure for covered persons
Yes
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 2

Robert barletta, director christina barletta, clerk /director family relationship - married

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

No review was or will be conducted

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

Enforcement of conflicts of interest policy for each interest disclosed, the full board, or the president of the organization, as appropriate, will determine whether the organization should: (a) take no action or (b) disclose the situation more broadly and invite discussion/resolution by the full board of what action to take, or (c) refrain from taking action and otherwise avoid the conflict. In most cases, the broadest disclosure possible is advisable so that the decision-makers can make informed decisions that are in the best interests of the organization. When the conflict involves a decision-maker, the person with the conflict ("interested party"): (i) must fully disclose the conflict to all other decision-makers; (ii) many not be involved in the decision fo what action to take (e.g., may not participate in a vote) but may serve as a resource to provide other decision-makers with necessary information. In some cases the person with the conflict may be asked to excuse him/herself from sensitive discussions so as not to unduly influence the discussion of the conflict. In all cases, decisions involving a conflict will be made only by disinterested persons. The fact that a conflict wasw managed and the outcome will be documented in the minutes of the board meetings. The president of the board will monitor proposed or ongoing transactions of the organization (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and staff as appropriate, whether discovered before or after the transaction has occured.

Form 990, Part VI, Section C, Line 19

The organizations articles of organization and bylaws are published on the ma attorney general's website.

Filing and Contact Details

Filer

Filer Name
Rb Foundation Inc
EIN
27-3905420
Phone
7814493346
Address
2130 PROVIDENCE HIGHWAY, WALPOLE, MA 02081

Signing Officer

Name
Ryan Damaso
Title
Treasurer
Phone
7814493346
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Damaso
Formed
2010
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Treeful Damaso Aniceto Inc
Address
105 CHESTNUT STREET SUITE 10, NEEDHAM, MA 02492
Preparer
Ryan Damaso
Phone
7814493346
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT BARLETTA, DIRECTOR CHRISTINA BARLETTA, CLERK /DIRECTOR FAMILY RELATIONSHIP - MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF CONFLICTS OF INTEREST POLICY FOR EACH INTEREST DISCLOSED, THE FULL BOARD, OR THE PRESIDENT OF THE ORGANIZATION, AS APPROPRIATE, WILL DETERMINE WHETHER THE ORGANIZATION SHOULD: (A) TAKE NO ACTION OR (B) DISCLOSE THE SITUATION MORE BROADLY AND INVITE DISCUSSION/RESOLUTION BY THE FULL BOARD OF WHAT ACTION TO TAKE, OR (C) REFRAIN FROM TAKING ACTION AND OTHERWISE AVOID THE CONFLICT. IN MOST CASES, THE BROADEST DISCLOSURE POSSIBLE IS ADVISABLE SO THAT THE DECISION-MAKERS CAN MAKE INFORMED DECISIONS THAT ARE IN THE BEST INTERESTS OF THE ORGANIZATION. WHEN THE CONFLICT INVOLVES A DECISION-MAKER, THE PERSON WITH THE CONFLICT ("INTERESTED PARTY"): (I) MUST FULLY DISCLOSE THE CONFLICT TO ALL OTHER DECISION-MAKERS; (II) MANY NOT BE INVOLVED IN THE DECISION FO WHAT ACTION TO TAKE (E.G., MAY NOT PARTICIPATE IN A VOTE) BUT MAY SERVE AS A RESOURCE TO PROVIDE OTHER DECISION-MAKERS WITH NECESSARY INFORMATION. IN SOME CASES THE PERSON WITH THE CONFLICT MAY BE ASKED TO EXCUSE HIM/HERSELF FROM SENSITIVE DISCUSSIONS SO AS NOT TO UNDULY INFLUENCE THE DISCUSSION OF THE CONFLICT. IN ALL CASES, DECISIONS INVOLVING A CONFLICT WILL BE MADE ONLY BY DISINTERESTED PERSONS. THE FACT THAT A CONFLICT WASW MANAGED AND THE OUTCOME WILL BE DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS. THE PRESIDENT OF THE BOARD WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS OF THE ORGANIZATION (E.G., CONTRACTS WITH VENDORS AND COLLABORATIONS WITH THIRD PARTIES) FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE BOARD AND STAFF AS APPROPRIATE, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS ARTICLES OF ORGANIZATION AND BYLAWS ARE PUBLISHED ON THE MA ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016037
IRS990/TotalAssetsEOYAmt018033
IRS990/TotalAssetsGrp/BOYAmt016037
IRS990/TotalAssetsGrp/EOYAmt018033
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02965
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0968
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016037
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018033
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02965
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018033
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016037
IRS990/UnrestrictedNetAssetsGrp/EOYAmt018033
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02130 PROVIDENCE HIGHWAY
IRS990/USAddress/CityNm0WALPOLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002081
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.RBFOUNDATIONINC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RYAN DAMASO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07814493346
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RB FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RBFO
ReturnHeader/Filer/EIN0273905420
ReturnHeader/Filer/PhoneNum07814493346
ReturnHeader/Filer/USAddress/AddressLine1Txt02130 PROVIDENCE HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0WALPOLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002081
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D67876F811D39656FC6E78752034D6D050EF73DD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.166.49.197
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:54:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471028363
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TREEFUL DAMASO ANICETO INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 CHESTNUT STREET SUITE 10
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEEDHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002492
ReturnHeader/PreparerPersonGrp/PhoneNum07814493346
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN DAMASO
ReturnHeader/ReturnTs02019-11-15T10:54:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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