Civic Intelligence

Rimta Foundation

990EZ • Fiscal year 2018 • EIN 82-3979153

Dec 31, 2017 to Sep 30, 2018 • Filed on May 31, 2019

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

87th percentile

0.36x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

0.36x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

$101,485

No earlier filing loaded for comparison.

Net Assets

$65,351

No earlier filing loaded for comparison.

Liabilities

$36,134

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin94th percentile

Revenue

$101,500

No earlier filing loaded for comparison.

Expenses

$36,149

No earlier filing loaded for comparison.

Net Income

$65,351

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2018

Assets$101,485
Liabilities$36,134
Net Assets$65,351
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2018

Revenue$101,500
Expenses$36,149
Net Income$65,351
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Dec 31, 2017 to Sep 30, 2018
Signed
May 31, 2019
Return Version
2017v2.3
Gross Receipts
$101,500
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.

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.

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$36,134
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRANDON KIDDPresident & Director-$0--
JOHN TREGENZAVice President & Director-$0--
RICHARD CROMWELLTreasurer & Director-$0--
MATT GINEOSecretary & Director-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Richard Cromwell
Title
Treasurer
Phone
4013969619
Signed
2019-05-31
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
300 CROWN COLONY DRIVE SUITE 310, QUINCY, MA 02169
Preparer
Judy Daley
Phone
6179848100
Supplemental Narrative

Additional Explanations

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

“Description: bank fees. Amount: 15.”

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

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 36,134.”

Raw XML Appendix144 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER & DIRECTOR
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ReturnHeader/FilingSecurityInformation/IPTm009:10:48
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUDY DALEY
ReturnHeader/ReturnTs02019-08-13T11:19:01-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-12-31
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,485
Liabilities
$36,134
Net assets
$65,351
Revenue
$101,500
Expenses
$36,149
Net income
$65,351
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