BETA

OCEAN STATE CHARITIES TRUST: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
OCEAN STATE CHARITIES TRUST (EIN 05-0390916)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-01-13
IRS object ID
202630139349303358
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-01-13T16:01:22-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE FINANCIAL PLAZA SUITE 2300AddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN050390916EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OCEAN STATE CHARITIES TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOCEABusinessNameControlTxt
Phone4017289008PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CITIZENS BANK WAYAddressLine1Txt
CityJOHNSTONCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02919ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT AVEDISIANPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone4017289008PhoneNum
Signature2026-01-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLYLE J MOHLERPreparerPersonNm
PTINP01340349PTIN
Phone6892065200PhoneNum
Preparation2026-01-05PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARISA A ALBANESEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11005 MAIN STREET SUITE 2123AddressLine1Txt
CityPAWTUCKETCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02860ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,619,181GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OSCT.ORGWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1981FormationYr
Legal Domicile StateRILegalDomicileStateCd
Activity Or MissionPROMOTION OF SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$100,000PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$269,578PYInvestmentIncomeAmt
CY Investment Income$308,539CYInvestmentIncomeAmt
PY Other Revenue$24,718PYOtherRevenueAmt
CY Other Revenue$21,998CYOtherRevenueAmt
PY Total Revenue$394,296PYTotalRevenueAmt
CY Total Revenue$330,537CYTotalRevenueAmt
PY Grants And Similar Paid$365,673PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$253,220CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$148,425PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$163,836CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$67,303PYOtherExpensesAmt
CY Other Expenses$95,383CYOtherExpensesAmt
PY Total Expenses$581,401PYTotalExpensesAmt
CY Total Expenses$512,439CYTotalExpensesAmt
PY Revenues Less Expenses-$187,105PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$181,902CYRevenuesLessExpensesAmt
Total Assets BOY$5,320,441TotalAssetsBOYAmt
Total Assets EOY$5,304,666TotalAssetsEOYAmt
Total Liabilities BOY$51,033TotalLiabilitiesBOYAmt
Total Liabilities EOY$45,828TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,269,408NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,258,838NetAssetsOrFundBalancesEOYAmt
MissionPROMOTION OF SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$253,220ExpenseAmt
Grant$253,220GrantAmt
DescAS A CHARITABLE TRUST, OCEAN STATE CHARITIES TRUST PROMOTES SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND THROUGH GRANTS TO PUBLIC CHARITIES THAT PROVIDE ASSISTANCE TO CITIZENS WITHIN THE STATE OF RHODE ISLAND, PARTICULARLY THOSE CHARITIES WHOSE PURPOSES IS TO PROMOTE OR SUPPORT HOUSING, HEALTH, EDUCATION AND WELFARE.Desc
Total Program Service Expenses$253,220TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953falseExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARISA A ALBANESEBusinessNameLine1Txt
Business Name Line2HOPE ARTISTE VILLAGEBusinessNameLine2Txt
FieldValueIRS element (for citing)
Phone4017289008PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11005 MAIN STREET SUITE 2123AddressLine1Txt
CityPAWTUCKETCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02860ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
SCOTT AVEDISIAN
CHAIRMAN OF THE BOARD10.0Yes (X)Yes (X)$0$0$0
MARK RUSSELL
VICE CHAIRMAN2.0Yes (X)Yes (X)$0$0$0
AMY VITALE
TREASURER2.0Yes (X)Yes (X)$0$0$0
VICTOR CAPELLAN
SECRETARY2.0Yes (X)Yes (X)$0$0$0
JANE LYNCH
EXECUTIVE DIRECTOR(END 12/24)40.0Yes (X)$0$0$0Yes (X)
MARISA ALBANESE
INTERIM EXECUTIVE DIRECTOR40.0Yes (X)$0$0$0Yes (X)
JOHN J PARTRIDGE ESQ
TRUSTEE2.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$193,096TotalRevenueColumnAmt
Exclusion$193,096ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,404,087SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,288,644SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$115,443SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$115,443TotalRevenueColumnAmt
Exclusion$115,443ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business561000BusinessCd
Total Revenue Column$21,998TotalRevenueColumnAmt
Exclusion$21,998ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$21,998OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$330,537TotalRevenueColumnAmt
Exclusion$330,537ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$253,220TotalAmt
Program Services$253,220ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$101,214TotalAmt
Program Services$101,214ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$50,760TotalAmt
Program Services$38,784ProgramServicesAmt
Management And General$11,976ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$11,862TotalAmt
Management And General$11,862ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$30,840TotalAmt
Program Services$19,559ProgramServicesAmt
Management And General$11,281ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$26,994TotalAmt
Management And General$26,994ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,394TotalAmt
Program Services$4,394ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,455TotalAmt
Program Services$3,923ProgramServicesAmt
Management And General$1,532ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$18,298TotalAmt
Program Services$15,463ProgramServicesAmt
Management And General$2,835ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$971TotalAmt
Program Services$820ProgramServicesAmt
Management And General$151ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,467TotalAmt
Management And General$2,467ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
PAYROLL PROCESSING$1,953$1,953
RI AG FEE$50$50
MISC EXPENSES$3,961$3,961

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$512,439TotalAmt
Program Services$437,377ProgramServicesAmt
Management And General$75,062ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,858BOYAmt
EOY$7,644EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,125BOYAmt
EOY$16,644EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,541LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$971LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,541BOYAmt
EOY$2,570EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$5,253,304BOYAmt
EOY$5,243,214EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$50,613BOYAmt
EOY$34,594EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,320,441BOYAmt
EOY$5,304,666EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,033BOYAmt
EOY$45,828EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,033BOYAmt
EOY$45,828EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,906,003BOYAmt
EOY$4,866,453EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$363,405BOYAmt
EOY$392,385EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,269,408BOYAmt
EOY$5,258,838EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,320,441BOYAmt
EOY$5,304,666EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$181,902ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$174,933NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$3,601OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1STATE OF RHODE ISLANDBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN056000522EIN
Organization Type6OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$253,220SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$253,220SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocfalseListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
CY Adj Net Income Distributable$0CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income$0CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable$0CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum$0CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY$0CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted$0CYDistributableAsAdjustedAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,708,546BeginningYearBalanceAmt
Investment Earnings Or Losses$330,537InvestmentEarningsOrLossesAmt
Grants Or Scholarships$253,220GrantsOrScholarshipsAmt
Administrative Expenses$259,219AdministrativeExpensesAmt
End Year Balance$5,526,644EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,895,651BeginningYearBalanceAmt
Contributions$100,000ContributionsAmt
Investment Earnings Or Losses$294,296InvestmentEarningsOrLossesAmt
Grants Or Scholarships$365,673GrantsOrScholarshipsAmt
Administrative Expenses$215,728AdministrativeExpensesAmt
End Year Balance$5,708,546EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,973,655BeginningYearBalanceAmt
Contributions$100,000ContributionsAmt
Investment Earnings Or Losses$439,797InvestmentEarningsOrLossesAmt
Grants Or Scholarships$410,611GrantsOrScholarshipsAmt
Administrative Expenses$207,190AdministrativeExpensesAmt
End Year Balance$5,895,651EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,455,606BeginningYearBalanceAmt
Contributions$50,000ContributionsAmt
Grants Or Scholarships$333,259GrantsOrScholarshipsAmt
Administrative Expenses$198,692AdministrativeExpensesAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,835,874BeginningYearBalanceAmt
Contributions$28,000ContributionsAmt
Investment Earnings Or Losses$1,137,347InvestmentEarningsOrLossesAmt
Grants Or Scholarships$351,448GrantsOrScholarshipsAmt
Administrative Expenses$194,167AdministrativeExpensesAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.92539BoardDesignatedBalanceEOYPct
Term Endowment Balance EOY0.07460TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,541OtherCostOrOtherBasisAmt
Depreciation$971DepreciationAmt
Book Value$2,570BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,570TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSIT$1,100
OPERATING LEASE RIGHT-OF-USE ASSET$33,494
FieldValueIRS element (for citing)
Total Book Value Other Assets$34,594TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
OPERATING LEASE LIABILITY-CURRENT P$16,996
OPERATING LEASE LIABILITY-LONG-TERM$18,032
ACCRUED LIABILITIES$10,800
FieldValueIRS element (for citing)
Total Liability$45,828TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$505,470TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$174,933NetUnrealizedGainsInvstAmt
Revenue Not Reported$174,933RevenueNotReportedAmt
Revenue Subtotal$330,537RevenueSubtotalAmt
Total Revenue Per Form990$330,537TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$516,040TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$3,601OtherExpensesIncludedAmt
Expenses Not Reported$3,601ExpensesNotReportedAmt
Expenses Subtotal$512,439ExpensesSubtotalAmt
Total Expenses Per Form990$512,439TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
EXPLANATION FOR SCHEDULE D, PART V, LINE 4THE ENDOWMENT FUNDS SUPPORT THE MISSION AND PROGRAM OF THE ORGANIZATION.
EXPLANATION FOR SCHEDULE D, PART XII, LINE 2dGRANT RECOVERY $4,000 AND TWO GRANTS REVERSED IN THE FOLLOWING YEAR TOTALING ($7,600)

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1STATE OF RHODE ISLANDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line186 WEYBOSSET STREETAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP029032800ZIPCd
FieldValueIRS element (for citing)
Recipient EIN056000522RecipientEIN
Cash Grant$253,220CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceEXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2FormAndLineReferenceDesc
ExplanationGRANTS ARE MADE ONLY TO ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES UNDER SECTIONS 501(C)(3) AND 509(A) AND APPLY FOR ASSISTANCE TO CARRY OUT A DESIGNATED PROGRAM OR ACTIVITY. THE PUBLIC CHARITY TO WHICH A GRANT IS MADE IS REQUIRED TO ACKNOWLEDGE THE RECEIPT OF THE GRANT AND TO REPORT UPON THE USE OF THE FUNDS. IN THE EVENT AN ORGANIZATION DOES NOT USE A GRANT FOR THE STATED PURPOSE, THE CHARITY IS REQUESTED TO RETURN THE FUNDS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7aTHE TRUSTEES ARE APPOINTED BY THE GOVERNOR OF THE STATE OF RI.
FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEWTHE TRUSTEES REVIEWED A DRAFT OF FORM 990 PRIOR TO FILING.
EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12cTHE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL REPORTING AND THE INFORMATION IS PROVIDED TO THE TRUSTEES.
FORM 990, PAGE 6, PART VI, LINE 15aTHE PROCESS FOR DETERMINING THE SALARY OF THE EXECUTIVE DIRECTOR INCLUDES A REVIEW AND APPROVAL DURING THE BUDGETING PROCESS BY THE TRUSTEES WHO ARE INDEPENDENT PERSONS FAMILIAR WITH COMPARABLE COMPENSATION INFORMATION.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
EXPLANATION FOR FORM 990, PART XI, LINE 9GRANT RECOVERY $4,000 AND GRANTS REVERSED IN FOLLOWING YEAR ($7,600)

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