Civic Intelligence

Rhode Island Turnpike and Bridge

EIN 81-1360274 • 501(c)3 • Jamestown, RI

Profile

The rhode island turnpike and bridge foundation's mission is to support local communities and nonprofit organizations that have a positive impact on the lives of rhode islanders.

PO Box 437Jamestown, RI 02835

www.ritba.org/RITBA-FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.89x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

0.58x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

25th percentile

-17%

Higher net margin than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-29%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

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

Annualized from 2021 to 2022

Assets

Down

$51,918

Down $31,537 (-38%) from 2022

Liabilities

Down

$47,000

Down $26,870 (-36%) from 2022

Net Assets

Down

$4,918

Down $4,667 (-49%) from 2022

Revenue

Up

$222,864

Up $96,058 (+76%) from 2022

Expenses

Up

$227,529

Up $79,546 (+54%) from 2022

Net Income

Up

-$4,665

Up $16,512 (+78%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2016: $36,148Liabilities 2016: $36,1482016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $127,821Liabilities 2018: $73,206Net Assets 2018: $54,6152018Assets 2019: $119,901Liabilities 2019: $60,355Net Assets 2019: $59,5462019Assets 2020: $82,734Liabilities 2020: $40,000Net Assets 2020: $42,7342020Assets 2021: $117,929Liabilities 2021: $87,167Net Assets 2021: $30,7622021Assets 2022: $83,455Liabilities 2022: $73,870Net Assets 2022: $9,5852022Assets 2023: $51,918Liabilities 2023: $47,000Net Assets 2023: $4,9182023

Highlighted filing

2023

Assets$51,918
Liabilities$47,000
Net Assets$4,918

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $144,145Expenses 2018: $118,670Net Income 2018: $25,4752018Revenue 2019: $152,134Expenses 2019: $147,203Net Income 2019: $4,9312019Revenue 2020: $115,325Expenses 2020: $132,137Net Income 2020: -$16,8122020Revenue 2021: -$6,000Expenses 2021: $5,972Net Income 2021: -$11,9722021Revenue 2022: $126,806Expenses 2022: $147,983Net Income 2022: -$21,1772022Revenue 2023: $222,864Expenses 2023: $227,529Net Income 2023: -$4,6652023

Highlighted filing

2023

Revenue$222,864
Expenses$227,529
Net Income-$4,665

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 28, 2024
Return Version
2022v5.0
Gross Receipts
$222,864
Mission and Program Overview

Mission

The rhode island turnpike and bridge foundation's mission is to support local communities and nonprofit organizations that have a positive impact on the lives of rhode islanders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,517$48,856▲ $13,339
Accounts Receivable$44,000--
Land, Buildings, and Equipment, Net$3,937$3,062▼ $875
Total Assets$83,454$51,918▼ $31,536
Liabilities
Deferred Revenue$73,870$47,000▼ $26,870
Total Liabilities$73,870$47,000▼ $26,870
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,584$4,918▼ $4,666
Total Net Assets Fund Balance$9,584$4,918▼ $4,666
Total Liabilities and Net Assets / Fund Balance$83,454$51,918▼ $31,536

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,750-$8,750
Equipment$-5,688$5,688-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen C WalukChair
Earl J Croft IiiBoard Member
Judith M MorseBoard Member
RICHARD O'NEILLBoard Member
WILLIAM E O'GARASecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$48,720
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$174,144
Change in Net Assets
$-4,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$132,000
Other Expenses$95,529
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$132,000--$132,000
Fees for Services Other-$55,392-$55,392
Fees for Services Management-$34,328-$34,328
Insurance-$3,584-$3,584
Fees for Services Accounting-$1,350-$1,350
Depreciation Depletion-$875-$875
Total Functional Expenses$132,000$95,529$0$227,529
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dr Martin Luther King JrNewport, RI501c3GEN'L SUPPORT/ASSIST$10,000
Special Olympics of RiSmithfield, RI501c3GEN'L SUPPORT/ASSIST$10,000
Looking UpwardsMiddletown, RI501c3GEN'L SUPPORT/ASSIST$7,500
Museum of Newport Irish HistoryNewport, RI501c3GEN'L SUPPORT/ASSIST$7,500
Samaritians of Rhode IslandProvidence, RI501c3GEN'L SUPPORT/ASSIST$7,500
Save the BayProvidence, RI501c3GEN'L SUPPORT/ASSIST$7,500
Sojourner House IncProvidence, RI501c3GEN'L SUPPORT/ASSIST$7,500
C Thomas Clagett RegattaPortsmouth, RI501c3GEN'L SUPPORT/ASSIST$6,000
WOMEN'S RESOURCE CENTER OFNewport, RI501c3GEN'L SUPPORT/ASSIST$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$174,144
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pell Bridge Run$222,864$174,144-$174,144
Total Events$222,864$174,144-$174,144
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 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, Page 6, Part VI, Line 11B

The form 990 will be reviewed and approved by both the cfo and accounting manager of the ri turnpike and bridge authority.

Form 990, Page 6, Part VI, Line 12C

Inquiry is made of board members at board meetings.

Form 990, Page 6, Part VI, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Rhode Island Turnpike and Bridge
EIN
81-1360274
Phone
4014230800
Address
PO BOX 437, JAMESTOWN, RI 02835

Signing Officer

Name
Stephen C Waluk
Title
Chair
Phone
4014230800
Signed
2024-12-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen C Waluk
Formed
2016
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Peter Wm Maneri Jr CPA LLC
Address
21 STOTT AVE, NORWICH, CT 06360
Preparer
Peter Wm Maneri Jr CPA
Phone
8608893825
Supplemental Narrative

Additional Explanations

Form 990

Events held on ritba properties throughout the year. The foundation partners with local communities and nonprofit organizations that positively impact the lives of rhode islanders.

Form 990, Part IX, Line 11G

Entertainment 0 900 0 miscellaneoust service costs 0 920 0 event security 0 780 0 license fees 0 5 0 sanitary control 0 2,350 0 equipment rental 0 2,007 0 photography 0 1,300 0 event food 0 4,040 0 event parking 0 2,000 0 event ambulance service 0 1,000 0 supplies 0 3,734 0 event transportation fuel 0 120 0 event police detail 0 4,372 0 bus transportation 0 8,000 0 venue rental 0 1,875 0 event t shirts 0 21,119 0 event traffic 0 870 0 total 0 55,392 0

Form 990, Part XI, Line 9

ROUNDING -1

Raw XML Appendix384 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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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1231 INDIAN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 9086
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3100 SAVE THE BAY DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt420 DR MARCUS WHEATLAND BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5370 GEORGE WASH HWY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6386 SMITH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7438 EAST MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO BOX 1378
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEWPORT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PORTSMOUTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PROVIDENCE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3PROVIDENCE
IRS990ScheduleI/RecipientTable/USAddress/CityNm4NEWPORT
IRS990ScheduleI/RecipientTable/USAddress/CityNm5SMITHFIELD
IRS990ScheduleI/RecipientTable/USAddress/CityNm6PROVIDENCE
IRS990ScheduleI/RecipientTable/USAddress/CityNm7MIDDLETOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm8NEWPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7RI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8RI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002840
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd102871
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd202940
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd302905
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd402840
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd502917
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd602908
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd702842
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd802840
IRS990ScheduleI/Total501c3OrgCnt030
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVENTS HELD ON RITBA PROPERTIES THROUGHOUT THE YEAR. THE FOUNDATION PARTNERS WITH LOCAL COMMUNITIES AND NONPROFIT ORGANIZATIONS THAT POSITIVELY IMPACT THE LIVES OF RHODE ISLANDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED AND APPROVED BY BOTH THE CFO AND ACCOUNTING MANAGER OF THE RI TURNPIKE AND BRIDGE AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INQUIRY IS MADE OF BOARD MEMBERS AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENTERTAINMENT 0 900 0 MISCELLANEOUST SERVICE COSTS 0 920 0 EVENT SECURITY 0 780 0 LICENSE FEES 0 5 0 SANITARY CONTROL 0 2,350 0 EQUIPMENT RENTAL 0 2,007 0 PHOTOGRAPHY 0 1,300 0 EVENT FOOD 0 4,040 0 EVENT PARKING 0 2,000 0 EVENT AMBULANCE SERVICE 0 1,000 0 SUPPLIES 0 3,734 0 EVENT TRANSPORTATION FUEL 0 120 0 EVENT POLICE DETAIL 0 4,372 0 BUS TRANSPORTATION 0 8,000 0 VENUE RENTAL 0 1,875 0 EVENT T SHIRTS 0 21,119 0 EVENT TRAFFIC 0 870 0 TOTAL 0 55,392 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt083454
IRS990/TotalAssetsEOYAmt051918
IRS990/TotalAssetsGrp/BOYAmt083454
IRS990/TotalAssetsGrp/EOYAmt051918
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt048720
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227529
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073870
IRS990/TotalLiabilitiesEOYAmt047000
IRS990/TotalLiabilitiesGrp/BOYAmt073870
IRS990/TotalLiabilitiesGrp/EOYAmt047000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09584
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04918
IRS990/TotalProgramServiceExpensesAmt0132000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0222864
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt083454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051918
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.RITBA.ORG/RITBA-FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN C WALUK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04014230800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RHODE ISLAND TURNPIKE AND BRIDGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RHOD
ReturnHeader/Filer/EIN0811360274
ReturnHeader/Filer/PhoneNum04014230800
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 437
ReturnHeader/Filer/USAddress/CityNm0JAMESTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002835
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823803158
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETER WM MANERI JR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 STOTT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWICH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006360
ReturnHeader/PreparerPersonGrp/PhoneNum08608893825
ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER WM MANERI JR CPA
ReturnHeader/ReturnTs02024-12-28T18:31:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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