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← RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION

Form 990 for tax year 2022

Filed by RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION.

Totals

Total revenue
$222,864
Total expenses
$227,529
Contributions and grants received
$48,720
Grants paid
$132,000
Program service revenue
$0
Investment income
$0
Other revenue
$174,144
Total assets, end of year
$51,918
Total liabilities, end of year
$47,000
Net assets or fund balances, end of year
$4,918
Program services expenses (Part IX)
$132,000
Management and general expenses
$95,529
Fundraising expenses
$0
Program service expenses (Part III)
$132,000

Program services were 58.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $48,720

  • 8a · Fundraising events: gross income

    $174,144

  • 8a · Fundraising events: contributions included on line 1c

    $48,720

  • 8c · Net income from fundraising events

    total $174,144

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $132,000 · program services $132,000

  • 11a · Fees: management

    total $34,328 · management and general $34,328

  • 11c · Fees: accounting

    total $1,350 · management and general $1,350

  • 11g · Fees: other

    total $55,392 · management and general $55,392

  • 22 · Depreciation, depletion and amortization

    total $875 · management and general $875

  • 23 · Insurance

    total $3,584 · management and general $3,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,517 · end of year $48,856

  • 4 · Accounts receivable

    beginning of year $44,000

  • 10a · Land, buildings and equipment: cost or other basis

    $8,750

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,688

  • 10c · Land, buildings and equipment, net

    beginning of year $3,937 · end of year $3,062

  • 19 · Deferred revenue

    beginning of year $73,870 · end of year $47,000

  • 27 · Net assets without donor restrictions

    beginning of year $9,584 · end of year $4,918

Mission and programs · 2022

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.

  • THE RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION PROVIDED FUNDS TO WORTHY ORGANIZATIONS WITH PROCEEDS GENERATED FROM SPECIAL EVENTS HELD ON RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY PROPERTIES THROUGHOUT THE YEAR. MAJOR EVENT HELD WAS THE PELL BRIDGE RUN HLED IN 2022.

    Expenses $132,000 · Grants $132,000

As filed on the 2022 return.

Listed in Part VII

  • Earl J Croft III

    BOARD MEMBER

    Total calculated
    $0

  • Judith M Morse

    BOARD MEMBER

    Total calculated
    $0

  • William E O'Gara

    SECRETARY

    Total calculated
    $0

  • Richard O'Neill

    BOARD MEMBER

    Total calculated
    $0

  • Stephen C Waluk

    CHAIR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
28 December 2024
IRS schema version
2022v5.0
Source object
202520159349301752

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