Civic Intelligence

Rimta Foundation

990EZ • Fiscal year 2019 • EIN 82-3979153

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 14, 2020

Organization ProfileN/A
99 Poppasquash RoadBristol, RI 02809

(401) 396-9619

Siviq Scores

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

Liabilities / Assets

95th percentile

1.15x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

0.31x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

6th percentile

-78%

Higher net margin than 6% 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

5th percentile

-77%

Faster asset growth than 5% of similar nonprofits.

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

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$23,770

Down $77,715 (-77%) from 2018

Net Assets

Down

-$3,639

Down $68,990 (-106%) from 2018

Liabilities

Down

$27,409

Down $8,725 (-24%) from 2018

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin6th percentile

Revenue

Down

$88,060

Down $13,440 (-13%) from 2018

Expenses

Up

$157,050

Up $120,901 (+334%) from 2018

Net Income

Down

-$68,990

Down $134,341 (-206%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$150K$100K$50K$0-$50KAssets 2018: $101,485Liabilities 2018: $36,134Net Assets 2018: $65,3512018Assets 2019: $23,770Liabilities 2019: $27,409Net Assets 2019: -$3,6392019Assets 2020: $66,294Liabilities 2020: $32,322Net Assets 2020: $33,9722020Assets 2021: $140,837Liabilities 2021: $10,519Net Assets 2021: $130,3182021Assets 2022: $52,975Liabilities 2022: $31,033Net Assets 2022: $21,9422022Assets 2023: $43,224Liabilities 2023: $5,002Net Assets 2023: $38,2222023Assets 2024: $12,306Liabilities 2024: $0Net Assets 2024: $12,3062024

Highlighted filing

2019

Assets$23,770
Liabilities$27,409
Net Assets-$3,639
Open 2019 Filing

Operations Trend

Revenue Growth30th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2018: $101,500Expenses 2018: $36,149Net Income 2018: $65,3512018Revenue 2019: $88,060Expenses 2019: $157,050Net Income 2019: -$68,9902019Revenue 2020: $202,150Expenses 2020: $164,539Net Income 2020: $37,6112020Revenue 2021: $245,269Expenses 2021: $148,923Net Income 2021: $96,3462021Revenue 2022: $25,000Expenses 2022: $133,376Net Income 2022: -$108,3762022Revenue 2023: $51,050Expenses 2023: $34,770Net Income 2023: $16,2802023Revenue 2024: $0Expenses 2024: $25,916Net Income 2024: -$25,9162024

Highlighted filing

2019

Revenue$88,060
Expenses$157,050
Net Income-$68,990
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.2
Gross Receipts
$88,060
Mission and Program Overview

Mission

The rimta foundation serves as an active non-profit organization dedicated to pursuing the enhancement of the rhode island marine trades industry in a way that is sustainable and equitable for all members of the rhode island marine trades association. This includes pursuance of opportunities related to the enhancement of economic growth, workforce development, job training, career education and environmental awareness. In collaboration with our network of public and private partners across the united states, the rimta foundation intends to make the progressive expertise of our industry a primary export for the state of rhode island.

Program Services

DescriptionGrantsExpenses
THE RIMTA FOUNDATION SERVES AS AN ACTIVE NON-PROFIT ORGANIZATION DEDICATED TO PURSUING THE ENHANCEMENT OF THE RHODE ISLAND MARINE TRADES INDUSTRY IN A WAY THAT SUSTAINABLE AND EQUITABLE FOR ALL MEMBERS OF THE RHODE ISLAND MARINE TRADES ASSOCIATION. THIS INCLUDES PURSUANCE OF OPPORTUNITIES RELATED TO THE ENHANCEMENT OF ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, JOB TRAINING, CAREER EDUCATION AND ENVIRONMENTAL AWARENESS. IN COLLABORATION WITH OUR NETWORK OF PUBLIC AND PRIVATE PARTNERS ACROSS THE UNITED STATES, THE RIMTA FOUNDATION INTENDS TO MAKE THE PROGRESSIVE EXPERTISE OF OUR INDUSTRY A PRIMARY EXPORT FOR THE STATE OF RHODE ISLAND.$0$153,601
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN TREGENZAPresident & Director-$0--
MATT LEDUCVice President & Director-$0--
RICHARD CROMWELLTreasurer & Director-$0--
MATT GINEOSecretary & Director-$0--
PAUL HARDENAt Large-$0--
Filing and Contact Details

Filer

Filer Name
Rimta Foundation
EIN
82-3979153
Phone
4013969619
Address
99 POPPASQUASH ROAD, BRISTOL, RI 02809

Signing Officer

Name
Wendy Mackie
Title
CEO
Phone
4013969619
Signed
2020-08-14
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
700 PLEASANT STREET STE 490, NEW BEDFORD, MA 02740
Preparer
Jennifer Olivier
Phone
5084413300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: marketing. Amount: 12,314. Description: supplies. Amount: 184. Description: books and subscriptions. Amount: 99. Total to form 990-ez, line 16: 12,597.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 36,134. End of year amount: 27,409.”

Raw XML Appendix153 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN TREGENZA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RICHARD CROMWELL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PAUL HARDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4AT LARGE
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt0THE RIMTA FOUNDATION SERVES AS AN ACTIVE NON-PROFIT ORGANIZATION DEDICATED TO PURSUING THE ENHANCEMENT OF THE RHODE ISLAND MARINE TRADES INDUSTRY IN A WAY THAT IS SUSTAINABLE AND EQUITABLE FOR ALL MEMBERS OF THE RHODE ISLAND MARINE TRADES ASSOCIATION. THIS INCLUDES PURSUANCE OF OPPORTUNITIES RELATED TO THE ENHANCEMENT OF ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, JOB TRAINING, CAREER EDUCATION AND ENVIRONMENTAL AWARENESS. IN COLLABORATION WITH OUR NETWORK OF PUBLIC AND PRIVATE PARTNERS ACROSS THE UNITED STATES, THE RIMTA FOUNDATION INTENDS TO MAKE THE PROGRESSIVE EXPERTISE OF OUR INDUSTRY A PRIMARY EXPORT FOR THE STATE OF RHODE ISLAND.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE RIMTA FOUNDATION SERVES AS AN ACTIVE NON-PROFIT ORGANIZATION DEDICATED TO PURSUING THE ENHANCEMENT OF THE RHODE ISLAND MARINE TRADES INDUSTRY IN A WAY THAT SUSTAINABLE AND EQUITABLE FOR ALL MEMBERS OF THE RHODE ISLAND MARINE TRADES ASSOCIATION. THIS INCLUDES PURSUANCE OF OPPORTUNITIES RELATED TO THE ENHANCEMENT OF ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, JOB TRAINING, CAREER EDUCATION AND ENVIRONMENTAL AWARENESS. IN COLLABORATION WITH OUR NETWORK OF PUBLIC AND PRIVATE PARTNERS ACROSS THE UNITED STATES, THE RIMTA FOUNDATION INTENDS TO MAKE THE PROGRESSIVE EXPERTISE OF OUR INDUSTRY A PRIMARY EXPORT FOR THE STATE OF RHODE ISLAND.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0153601
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt036134
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IRS990EZ/TanningServicesProvidedInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MARKETING. AMOUNT: 12,314. DESCRIPTION: SUPPLIES. AMOUNT: 184. DESCRIPTION: BOOKS AND SUBSCRIPTIONS. AMOUNT: 99. TOTAL TO FORM 990-EZ, LINE 16: 12,597.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 36,134. END OF YEAR AMOUNT: 27,409.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDY MACKIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04013969619
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIMTA FOUNDATION
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ReturnHeader/Filer/EIN0823979153
ReturnHeader/Filer/PhoneNum04013969619
ReturnHeader/Filer/USAddress/AddressLine1Txt099 POPPASQUASH ROAD
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02020-08-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:42:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 PLEASANT STREET STE 490
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW BEDFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002740
ReturnHeader/PreparerPersonGrp/PhoneNum05084413300
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER OLIVIER
ReturnHeader/ReturnTs02020-08-17T17:55:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,770
Liabilities
$27,409
Net assets
-$3,639
Revenue
$88,060
Expenses
$157,050
Net income
-$68,990
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.00$0.26$0.26
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.05$0.38$0.51$0.35$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.31$0.22$0.25$1.33$1.08
2021Detailed filing. Detailed filing data is available for this year.$1.41$0.11$1.30$2.45$1.49$0.96
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.32$0.34$2.02$1.65$0.38
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.27$0.04$0.88$1.57$0.69
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.36$0.65$1.02$0.36$0.65