PROVIDENCE PLAN: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PROVIDENCE PLAN (EIN 05-0467353)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-01
- IRS object ID
- 201340919349300514
- Schema version
- 2011v1.5
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-01T17:33:31-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050409384 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAHN LITWIN RENZA & CO LTD | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 951 NORTH MAIN STREET | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02904 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050467353 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PROVIDENCE PLAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PROV | NameControl |
| Phone | 4014558880 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 DAVOL SQUARE NO 300 | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK MCGUIGAN | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 4014558880 | Phone |
| Date Signed | 2013-03-28 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBORAH A HOPKINS | Name |
| PTIN | P00167843 | PTIN |
| Phone | 4012742001 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PATRICK MCGUIGAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 DAVOL SQUARE NO 300 | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7439650 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PROVPLAN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | RI | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE THE ECONOMIC & SOCIAL WELL-BEING OF PROVIDENCE, ITS PEOPLE, & ITS NEIGHBORHOODS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 169 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1073029 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 169481 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 7884706 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7252662 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 983 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1223 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 16284 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8958718 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7439650 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 704303 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 120823 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5195255 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4593880 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 42004 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2869086 | OtherExpensePriorYear |
| Other Expenses Current Year | 2687723 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8768644 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7402426 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 190074 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 37224 | RevenuesLessExpensesCY |
| Total Assets BOY | 2547346 | TotalAssetsBOY |
| Total Assets EOY | 1531205 | TotalAssetsEOY |
| Total Liabilities BOY | 619553 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 617965 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1927793 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 913240 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE PROVIDENCE PLAN'S MISSION IS TO IMPROVE THE ECONOMIC AND SOCIAL WELL-BEING OF PROVIDENCE, ITS RESIDENTS, AND ITS NEIGHBORHOODS. THE PROVIDENCE PLAN ALSO PROVIDES DATA ANALYSIS FOR GOVERNMENT AGENCIES AND COMMUNITY GROUPS ON A VARIETY OF ISSUES, SUCH AS ECONOMIC DEVELOPMENT, PUBLIC SAFETY, HEALTH, JOBS, AND EDUCATION. THE PROVIDENCE PLAN ALSO OPERATES PROGRAMS FOCUSED ON CHILDREN'S WELL-BEING, WORKFORCE DEVELOPMENT, AND THE CAPACITY OF OUR STATE'S NONPROFIT SECTOR. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2397854 | Expense |
| Revenue | 2734653 | Revenue |
| Description | READY TO LEARN - A BROAD BASED COMMUNITY COALITION WITH THE VISION THAT ALL CHILDREN IN PROVIDENCE WILL ENTER SCHOOL HEALTHY AND READY TO LEARN. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1843969 | Expense |
| Revenue | 2090328 | Revenue |
| Description | BUILDING FUTURES - HELPS THE RHODE ISLAND COMMERCIAL CONSTRUCTION INDUSTRY MEET ITS CURRENT AND FUTURE NEEDS FOR A WELL-TRAINED WORKFORCE, AND CREATES CAREER OPPORTUNITIES FOR LOW-INCOME RESIDENTS IN URBAN AREAS THROUGH ESTABLISHED APPRENTICESHIP PROGRAMS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 924882 | Expense |
| Revenue | 1012197 | Revenue |
| Description | YOUTHBUILD - PROVIDES YOUNG PEOPLE WITH OPPORTUNITIES FOR POSITIVE LIFE CHOICES AND EXPERIENCES, HELPING THEM TO BECOME MENTALLY AND MORALLY EMPOWERED TO ACCEPT RESPONSIBILITY FOR THEMSELVES, THEIR FAMILIES AND THEIR COMMUNITIES. YOUTHBUILD IS SUPPORTED BY AMERICORPS NATIONAL. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription | GrantsGrants |
|---|---|---|---|
| 752280 | 853747 | INFORMATION GROUP - WORKING ON DATA PROJECTS THAT WILL BE USED TO INFORM POLICY AND/OR COMMUNITY ACTION IN WAYS THAT PROMOTE THE WELL-BEING OF PROVIDENCE AND RHODE ISLAND RESIDENTS. | |
| 494909 | 561737 | NEW ROOTS PROVIDENCE - BUILDING THE CAPACITY OF COMMUNITY ORGANIZATIONS TO SERVE PEOPLE IN NEED BY PROVIDING TRAINING, TECHNICAL ASSISTANCE, AND GRANTS. | 120823 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1247189 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 120823 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 1415484 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 6413894 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 99 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 169 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATRICK MCGUIGAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4014558880 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 DAVOL SQUARE SUITE 300 | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RICHARD R SPIES | ||||||
| CHAIR | 2.00 | X | X | 0 | 0 | 0 |
| MACKY MCCLEARY | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| PATRICIA MARTINEZ | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| JOHN SIMMONS | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| RAY M DI PASQUALE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MALCOLM FARMER III | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHARLES FOGARTY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PETER D LEE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ADEOLA OREDOLA | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARION E ORR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN R PAGLIARINI | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SANDRA M POWELL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WARREN SIMMONS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MATTHEW G STARK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LAURIE WHITE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PATRICK MCGUIGAN | ||||||
| EXECUTIVE DIRECTOR | 35.00 | X | 141355 | 0 | 17372 | |
| CHARLES DENNO | ||||||
| DIRECTOR OF FINANCE | 35.00 | X | 84837 | 0 | 12647 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 226192 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 30019 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 169481 | AllOtherContributions |
| Total Contributions | 169481 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| GOVERNMENT CONTRACTS | 624100 | 7240535 | 7240535 |
| PROGRAM FEES | 624100 | 12127 | 12127 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7252662 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1223 | TotalRevenueColumn |
| Exclusion | $1,223 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 16284 | TotalRevenueColumn |
| Exclusion | $16,284 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 16284 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7439650 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7252662 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $17,507 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120823 | Total |
| Program Services | 120823 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 268363 | Total |
| Management And General | 268363 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3579722 | Total |
| Program Services | 3313785 | ProgramServices |
| Management And General | 239746 | ManagementAndGeneral |
| Fundraising | 26191 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 417473 | Total |
| Program Services | 366108 | ProgramServices |
| Management And General | 47750 | ManagementAndGeneral |
| Fundraising | 3615 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 328322 | Total |
| Program Services | 291813 | ProgramServices |
| Management And General | 34609 | ManagementAndGeneral |
| Fundraising | 1900 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18000 | Total |
| Management And General | 18000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 816630 | Total |
| Program Services | 762362 | ProgramServices |
| Management And General | 54268 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 487051 | Total |
| Program Services | 397126 | ProgramServices |
| Management And General | 84621 | ManagementAndGeneral |
| Fundraising | 5304 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 393503 | Total |
| Program Services | 283165 | ProgramServices |
| Management And General | 105658 | ManagementAndGeneral |
| Fundraising | 4680 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20003 | Total |
| Program Services | 19422 | ProgramServices |
| Management And General | 581 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63156 | Total |
| Program Services | 56669 | ProgramServices |
| Management And General | 6437 | ManagementAndGeneral |
| Fundraising | 50 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47532 | Total |
| Management And General | 47532 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62542 | Total |
| Program Services | 43809 | ProgramServices |
| Management And General | 18469 | ManagementAndGeneral |
| Fundraising | 264 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| SUBRECIPIENTS | 653503 | 653503 | |
| STAFF DEVELOPMENT & TRA | 83980 | 83980 | |
| MISCELLANEOUS | 26881 | 9616 | 17265 |
| DUES AND SUBSCRIPTIONS | 14942 | 11713 | 3229 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7402426 | Total |
| Program Services | 6413894 | ProgramServices |
| Management And General | 946528 | ManagementAndGeneral |
| Fundraising | 42004 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134881 | BOY |
| EOY | 257529 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 266245 | BOY |
| EOY | 416832 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2001225 | BOY |
| EOY | 812517 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12994 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39984 | BOY |
| EOY | 4279 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 710740 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 685858 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72414 | BOY |
| EOY | 24882 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19603 | BOY |
| EOY | 15166 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2547346 | BOY |
| EOY | 1531205 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 578277 | BOY |
| EOY | 350525 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40443 | BOY |
| EOY | 267440 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 833 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 619553 | BOY |
| EOY | 617965 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 655262 | BOY |
| EOY | 651590 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1272531 | BOY |
| EOY | 261650 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1927793 | BOY |
| EOY | 913240 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2547346 | BOY |
| EOY | 1531205 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 37224 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1051777 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6509391 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1215970 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 225794 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1073029 | CurrentTaxYearMinus1Year |
| Current Tax Year | 169481 | CurrentTaxYear |
| Total | 9193665 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1687254 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1687254 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7666177 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7884706 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7252662 | CurrentTaxYear |
| Total | 26178053 | Total |
Value Of Svcs Fclts Furnishd By Govt ValueOfSvcsFcltsFurnishdByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 27280 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4504 | CurrentTaxYearMinus3Years |
| Total | 31784 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8223925 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2907728 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7891971 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8957735 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7422143 | CurrentTaxYear |
| Total | 35403502 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 35403502 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9407 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3955 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 136 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 983 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1223 | CurrentTaxYear |
| Total | 15704 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9407 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3955 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 136 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 983 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1223 | CurrentTaxYear |
| Total | 15704 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 16284 | CurrentTaxYear |
| Total | 16284 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8233332 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2911683 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7892107 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8958718 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7439650 | CurrentTaxYear |
| Total | 35435490 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99910 | PublicSupportPercentage509 |
| Investment Income Percentage | 0.00040 | InvestmentIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 0 | IncludedOnFS |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22018 | OtherCostOrOtherBasis |
| Depreciation | 18786 | Depreciation |
| Book Value | 3232 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 688722 | OtherCostOrOtherBasis |
| Depreciation | 667072 | Depreciation |
| Book Value | 21650 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 24882 | TotalOfBookValueLandBuildings |
| Total Revenue | 7439650 | TotalRevenue |
| Total Expenses | 7402426 | TotalExpenses |
| Excess Or Deficit For Year | 37224 | ExcessOrDeficitForYear |
| Prior Period Adjustments | -1051777 | PriorPeriodAdjustments |
| Total Adjustments | -1051777 | TotalAdjustments |
| Excess Or Deficit Per FS | -1014553 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 7439650 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 7439650 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7439650 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7402426 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7402426 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7402426 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE AGENCY IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE AGENCY OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE AGENCY ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2010, 2011, AND 2012 ARE SUBJECT TO EXAMINATION BY THE IRS. THE AGENCY CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (10 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| GEORGE WILEY CENTER | |||||||
| 32 EAST AVENUE | PAWTUCKET | RI | 02860 | 050396816 | 501(C)(3) | 6280 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| INSPIRING MINDS | |||||||
| 905 WESTMINSTER STREET | PROVIDENCE | RI | 02903 | 050310175 | 501(C)(3) | 5300 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| LITERACY VOLUNTEERS OF EAST BAY | |||||||
| 17 CROADE STREET | WARREN | RI | 02885 | 050504099 | 501(C)(3) | 6300 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| PAWTUCKET CITIZENS DEVELOPMENT | |||||||
| 204 BROAD STREET | PAWTUCKET | RI | 02860 | 050475296 | 501(C)(3) | 9100 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| RHODE ISLAND COALITION AGAINST DOMESTIC VIOLENCE | |||||||
| 422 POST ROAD | WARWICK | RI | 02888 | 050384580 | 501(C)(3) | 6050 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| RHODE ISLAND MANUFACTURING EXTENSION SERVICES INC | |||||||
| 315 IRON HORSE WAY | PROVIDENCE | RI | 02908 | 050490974 | 501(C)(3) | 5550 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| RHODE ISLAND PARENT INFORMATION NETWORK | |||||||
| 1210 PONTIAC AVENUE | CRANSTON | RI | 02920 | 050457336 | 501(C)(3) | 11100 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| SCALABRINI DUKCEVICH CENTER | |||||||
| 300 LAUREL HILL AVENUE | PROVIDENCE | RI | 02909 | 056028622 | 501(C)(3) | 10300 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| SOCIO-ECONOMIC DEVELOPMENT CENTER | |||||||
| 270 ELMWOOD AVENUE | PROVIDENCE | RI | 02907 | 222914654 | 501(C)(3) | 6050 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| WESTERLY AREA REST MEALS | |||||||
| 56 SPRUCE STREET | WESTERLY | RI | 02891 | 222887878 | 501(C)(3) | 7050 | ORGANIZATIONAL DEVELOPMENT & CAPACITY BUILDING. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 10 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE PROVIDENCE PLAN FOLLOWS HHS GUILDINES AND SUBMITS OUR PROCEDURES FOR THEIR APPROVAL. WE REQUIRE AN APPLICATION FROM EACH GRANTEE, SUBMITTED BY A SET DEADLINE. WE USE A GROUP OF COMMUNITY LEADERS TO CHOOSE GRANTEES, BASED ON A UNIFORM SET OF CRITERIA, EQUALLY APPLIED. STAFF PROVIDES SUPPORT TO THE PROCESS BUT DOES NOT CHOOSE THE GRANTEES. ONCE CHOSEN, STAFF AND GRANTEES WORK TOGETHER TO CREATE A WORKPLAN LAYING OUT THE SPECIFIC ACTIVITIES THE ORGANIZATIONS WILL CARRY OUT WITH THE MONEY. WE BOTH SIGN THE WORKPLAN, AND A MEMORANDUM OF AGREEMENT, WHICH LAYS OUT THE PROPER USE OF THE FUNDS. GRANTEES MUST PROVIDE PERIODIC REPORTS ON THEIR SPENDING. GRANTEES MUST ALERT STAFF TO ANY CHANGE IN THEIR WORKPLAN, AND STAFF MUST CREATE A NEW WORKPLAN FOR ANY CHANGE THAT AFFECTS MORE THAN $1,000 OF THEIR GRANT. BESIDES RECEIVING GRANTEE REPORTS, STAFF HOLD REGULAR CALLS WITH GRANTEES, TO MONITOR THE APPROPRIATENESS OF THEIR SPENDING. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PATRICK MCGUIGAN | NamePerson |
| Base Compensation Filing Org | 141355 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 17372 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 158727 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS WILL CONSIST OF 5 MEMBERS APPOINTED BY THE GOVERNOR, 5 MEMBERS APPOINTED BY THE MAYOR, AND 6 MEMBERS APPOINTED BY THE COMMITTEE ITSELF. THE BOARD OF DIRECTORS SHALL BE DIVIDED INTO 5 CLASSES. EACH CLASS WILL HAVE ONE MEMBER EACH FROM THE LIST OF THE APPOINTEES OF THE GOVERNOR AND MAYOR. EACH OF THE DIRECTORS APPOINTED BY THE COMMITTEE WILL BE ASSIGNED TO A SEPARATE CLASS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. AT THE SUBSEQUENT BOARD MEETING, THE BOARD IS ASKED IF THEY HAVE ANY QUESTIONS OR COMMENTS AND A GENERAL REVIEW OF THE FORM IS CONDUCTED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. SUBSEQUENT TO THIS MEETING, THE FORM IS SUBMITTED TO THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVLOVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE CEO. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM THE FORM 990 OF SIMILAR ORGANIZATIONS. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. THE CEO ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM AND REVIEWS THE PERFORMANCE EVALUATIONS AND RECOMMENDED COMPENSATION WITH THE BOARD. THE EVALUATIONS AND COMPENSATION ARE DISCUSSED BY THE BOARD ALTHOUGH NO VOTE OF APPROVAL OF THE CEO'S DECISION IS REQUIRED. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS. | |
| FORM 990, PART XI, LINE 5: | PRIOR PERIOD ADJUSTMENTS: -1,051,777. | CHANGES IN NET ASSETS OR FUND BALANCES: |