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Nonprofiteer
← RHODE ISLAND BOY SCOUTS

Form 990 for tax year 2022

Filed by RHODE ISLAND BOY SCOUTS.

Totals

Total revenue
$196,503
Total expenses
$1,088,182
Contributions and grants received
$303,991
Grants paid
$732,750
Program service revenue
$0
Investment income
-$185,488
Other revenue
$78,000
Total assets, end of year
$16,111,464
Total liabilities, end of year
$2,972,369
Net assets or fund balances, end of year
$13,139,095
Program services expenses (Part IX)
$814,356
Management and general expenses
$273,826
Fundraising expenses
$0
Program service expenses (Part III)
$814,356

Program services were 74.8% 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.

  • 1f · All other contributions, gifts and grants

    $303,991

  • 3 · Investment income

    total $299,812 · excluded $299,812

  • 6a · Gross rents

    real property $78,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $78,000

  • 6d · Net rental income or loss

    total $78,000 · excluded $78,000

  • 7a · Gross sales of assets other than inventory

    securities $4,386,872

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

    securities $4,872,172

  • 7c · Gain or loss

    securities -$485,300

  • 7d · Net gain or loss

    total -$485,300 · excluded -$485,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $732,750 · program services $732,750

  • 11a · Fees: management

    total $80,000 · management and general $80,000

  • 11c · Fees: accounting

    total $24,150 · management and general $24,150

  • 11f · Fees: investment management

    total $48,635 · management and general $48,635

  • 13 · Office expenses

    total $45,810 · management and general $45,810

  • 20 · Interest

    total $75,231 · management and general $75,231

  • 23 · Insurance

    total $81,606 · program services $81,606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $614,273 · end of year $465,126

  • 3 · Pledges and grants receivable

    beginning of year $193,472 · end of year $194,946

  • 4 · Accounts receivable

    beginning of year $30,081 · end of year $2,714

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

    $5,324,777

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

    $40,624

  • 10c · Land, buildings and equipment, net

    beginning of year $1,299,922 · end of year $5,284,153

  • 11 · Investments: publicly traded securities

    beginning of year $12,013,817 · end of year $8,566,381

  • 12 · Investments: other securities

    beginning of year $389,915 · end of year $404,742

  • 15 · Other assets

    beginning of year $1,528,159 · end of year $1,193,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,151 · end of year $263,854

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $2,708,515

  • 27 · Net assets without donor restrictions

    beginning of year $9,993,199 · end of year $7,922,460

  • 28 · Net assets with donor restrictions

    beginning of year $6,073,289 · end of year $5,216,635

Mission and programs · 2022

Mission

TO SUPPORT SCOUTING PROGRAMS FOR YOUTH WITHIN THE TERRITORY SERVED BY THE NARRAGANSETT COUNCIL, BOY SCOUTS OF AMERICA. THROUGH THIS SUPPORT, RIBS SEEKS TO BUILD CHARACTER, CITIZENSHIP, LEADERSHIP AND LIFE SKILLS IN YOUTH.

  • RIBS PROVIDES GENERAL OPERATING SUPPORT FOR SCOUTING PROGRAMS IN THE TERRITORY OF THE NARRAGANSETT COUNCIL THAT BUILD CHARACTER, CITIZENSHIP, LEADERSHIP AND LIFE SKILLS IN YOUTH.

    Expenses $759,356 · Grants $732,750

  • RIBS MAINTAINS CAMPS AND PROPERTIES THAT IT LEASES TO THE NARRAGANSETT COUNCIL TO BE USED TO SUPPORT SCOUTING PROGRAMS IN THE TERRITORY OF THE NARRAGANSETT COUNCIL.

    Expenses $55,000

As filed on the 2022 return.

Listed in Part VII

  • ANDREW M ERICKSON

    MEMBER, FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • DANA H GAEBE

    COUNCIL LEGAL COUNSEL, RI

    Total calculated
    $0
    Hours/week
    0.5
  • TIM MCCANDLESS

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • ERIC A JAIKES

    COUNCIL LEGAL COUNSEL, MA

    Total calculated
    $0
    Hours/week
    0.5
  • HERBERT W CUMMINGS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • JOSEPH P GENCARELLA

    ASST TREASURER/MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • JULES A COHEN

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • JONATHAN K FARNUM

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ROBERT J SIRHAL

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • PAUL J CHOQUETTE JR

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ROBERT A DIMUCCIO

    VICE PRESIDENT/MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ROBERT H PEASE JR

    PRESIDENT/MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • RICHARD F PARTRIDGE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • GEORGE W SHUSTER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ANDREW C HEWITT

    TREASURER/MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • EDWARD T BRODERICK

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • DENNIS F LEAHY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • ARTHUR R LANGLAIS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343069349302469

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