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Nonprofiteer
← SIMON W WARDWELL FOUNDATION

Form 990 for tax year 2022

Filed by SIMON W WARDWELL FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 27 April 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$810,631
Total expenses
$1,033,928
Contributions and grants received
$0
Grants paid
$673,162
Program service revenue
$0
Investment income
$829,831
Other revenue
-$19,200
Total assets, end of year
$18,503,416
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,503,416
Program services expenses (Part IX)
$882,398
Management and general expenses
$151,530
Fundraising expenses
$0
Program service expenses (Part III)
$882,398

Program services were 85.3% 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.

  • 3 · Investment income

    total $797,043 · excluded $797,043

  • 7a · Gross sales of assets other than inventory

    securities $3,371,963

  • 7b · Less cost or other basis and sales expenses

    securities $3,339,175

  • 7c · Gain or loss

    securities $32,788

  • 7d · Net gain or loss

    total $32,788 · related or exempt $32,788

  • 11a · Other revenue: ENERGY TRANSFER K1

    total -$19,200 · excluded -$19,200

  • 11e · Other revenue, total

    -$19,200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $673,162 · program services $673,162

  • 5 · Compensation of officers, directors and key employees

    total $115,568 · management and general $115,568

  • 11b · Fees: legal

    total $16,328 · management and general $16,328

  • 11c · Fees: accounting

    total $12,850 · management and general $12,850

  • 11f · Fees: investment management

    total $173,439 · program services $173,439

  • 11g · Fees: other

    total $404 · program services $404

  • 16 · Occupancy

    total $3,183 · management and general $3,183

  • 23 · Insurance

    total $2,083 · management and general $2,083

  • 24a · Other expenses: FOREIGN TAXES

    total $18,892 · program services $18,892

  • 24b · Other expenses: K-1 EXPENSES

    total $16,501 · program services $16,501

  • 24c · Other expenses: MISCELLANEOUS

    total $1,346 · management and general $1,346

  • 24d · Other expenses: POSTAGE

    total $111 · management and general $111

  • 24e · All other expenses

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,381,619 · end of year $303,298

  • 11 · Investments: publicly traded securities

    beginning of year $15,341,605 · end of year $18,200,118

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $18,723,224 · end of year $18,503,416

Mission and programs · 2022

Mission

ORGANIZATION WAS CREATED TO PROVIDE GRANTS, SUPPORT, ENDOWMENT AND ASSISTANCE TO, OR TO ENGAGE DIRECTLY IN ACTIVITIES THAT SUPPORT THE STUDYING, PLANNING, DESIGNING, ERECTING, CONSTRUCTING, ENHANCING, IMPROVING OR MODERNIZING THE OPERATIONS IN RHODE ISLAND'S PUBLIC SERVICES INCLUDING HOSPITALS AND HEALTH CARE FACILITIES, EDUCATIONAL INSTITUTIONS, NURSING HOMES ETC. IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RHODE ISLAND.

Activities or mission (Part I)

SUPPORT AND ASSIST PROGRAMS IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RI.

  • THE ORGANIZATION WAS FUNDED IN NOVEMBER OF 2020 AND THERE WERE NO DISTRIBUTIONS IN THE INITIAL FUNDING YEAR.ORGANIZATION WAS CREATED TO PROVIDE GRANTS, SUPPORT, ENDOWMENT AND ASSISTANCE TO, OR TO ENGAGE DIRECTLY IN ACTIVITIES THAT SUPPORT THE STUDYING, PLANNING, DESIGNING, ERECTING, CONSTRUCTING, ENHANCING, IMPROVING OR MODERNIZING THE OPERATIONS IN RHODE ISLAND'S PUBLIC SERVICES INCLUDING HOSPITALS AND HEALTH CARE FACILITIES, EDUCATIONAL INSTITUTIONS, NURSING HOMES ETC. IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RHODE ISLAND.

    Expenses $882,398 · Grants $673,162

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maureen Sheridan

    EXECUTIVE DIRECTOR

    Total calculated
    $45,568
    From this org
    $45,568
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jessica Waters

    DIRECTOR

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kathleen Orovitz

    DIRECTOR

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Alfred P Degen

    PRESIDENT & TREASURER

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • John J Partridge

    VICE PRESIDENT

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • David E Farnum

    SECRETARY

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202341249349300434

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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