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Nonprofiteer
← THE PAWTUCKET FOUNDATION

Form 990 for tax year 2024

Filed by THE PAWTUCKET FOUNDATION.

Totals

Total revenue
$192,116
Total expenses
$204,325
Contributions and grants received
$1,234
Grants paid
$0
Program service revenue
$94,069
Investment income
$32
Other revenue
$96,781
Total assets, end of year
$301,536
Total liabilities, end of year
$676
Net assets or fund balances, end of year
$300,860
Program services expenses (Part IX)
$132,545
Management and general expenses
$35,390
Fundraising expenses
$36,390
Program service expenses (Part III)
$132,545

Program services were 64.9% 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

    $1,234

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $94,069 · related or exempt $94,069

  • 3 · Investment income

    total $32 · excluded $32

  • 8a · Fundraising events: gross income

    $93,734

  • 8c · Net income from fundraising events

    total $93,734 · excluded $93,734

  • 11a · Other revenue: GAIN ON INVESTMENTS

    total $3,361 · related or exempt $3,361

  • 11b · Other revenue: CREDIT CARD REWARDS

    total $177 · related or exempt $177

  • 11c · Other revenue: INVESTMENT EXPENSES

    total -$491 · related or exempt -$491

  • 11e · Other revenue, total

    $3,047

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $108,000 · program services $91,800 · management and general $14,040 · fundraising $2,160

  • 9 · Other employee benefits

    total $9,863 · program services $8,877 · management and general $986

  • 10 · Payroll taxes

    total $7,497 · program services $6,747 · management and general $750

  • 11c · Fees: accounting

    total $10,250 · management and general $10,250

  • 11g · Fees: other

    total $41,861 · program services $2,607 · management and general $5,214 · fundraising $34,040

  • 12 · Advertising and promotion

    total $5,501 · program services $4,538 · management and general $825 · fundraising $138

  • 13 · Office expenses

    total $6,654 · program services $4,710 · management and general $1,944

  • 16 · Occupancy

    total $10,693 · program services $9,624 · management and general $1,069

  • 17 · Travel

    total $1,925 · program services $1,925

  • 23 · Insurance

    total $2,081 · program services $1,717 · management and general $312 · fundraising $52

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,610 · end of year $120,878

  • 3 · Pledges and grants receivable

    beginning of year $6,600 · end of year $21,750

  • 11 · Investments: publicly traded securities

    beginning of year $141,659 · end of year $158,083

  • 15 · Other assets

    beginning of year $825 · end of year $825

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,499

  • 25 · Other liabilities

    beginning of year $1,920 · end of year $676

  • 27 · Net assets without donor restrictions

    beginning of year $254,953 · end of year $255,538

  • 28 · Net assets with donor restrictions

    beginning of year $45,322 · end of year $45,322

Mission and programs · 2024

Mission

THE FOUNDATION WAS CREATED FOR THE SPECIFIC PURPOSE OF IMPROVING THE LIVES OF THE RESIDENTS OF PAWTUCKET, RI. MANY PROGRAMS AND PROJECTS WILL ALSO BY EXTENSION BENEFITING RESIDENTS OF THE NEIGHBORING CITY OF CENTRAL FALLS, RI. THE FOUNDATION WILL CREATE, DEVELOP AND IMPLEMENT PROGRAMS AND RESOURCES DESIGNED TO MOBILIZE THE PRIVATE SECTOR IN ECONOMIC DEVELOPMENT.

  • THE FOUNDATION CREATES, DEVELOPS AND IMPLEMENTS PROGRAMS AND RESOURCES DESIGNED TO MOBILIZE THE PRIVATE AND NON-PROFIT SECTOR ALONG WITH LOCAL GOVERNMENT IN ECONOMIC DEVELOPMENT.

  • THE FOUNDATION SPONSORED AN ANNUAL DINNER TO RECOGNIZE OUTSTANDING INDIVIDUAL(S) WHO HAVE ADVANCED THE IDEALS OF CIVIC ENTREPRENEURSHIP ADVOCATED AND ADVANCED BY THE FOUNDATION

  • HOSTED PAWTUCKET PROUD DAY, AN ANNUAL CORPORATE VOLUNTEER OUTING. 43 BUSINESSES CONTRIBUTED VOLUNTEERS AND/OR IN-KIND DONATIONS TO LANDSCAPE, CLEAN UP OR PAINT SVEN DEY SITES AROUND PAWTUCKET AND CENTRAL FALLS.

  • MISCELLANEOUS PROPGRAMS DESIGNED TO ENHANCE THE BEAUTY AND CIVIC PRIDE OF THE LOCAL AREA.

    Expenses $132,545

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GAETAN KASHALA

    EXECUTIVE DI

    Total calculated
    $108,000
    From this org
    $108,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • HASAN ALI

    BOARD MEMBER

    Total calculated
    $0

  • BRIAN AZAR

    TREASURER

    Total calculated
    $0

  • ALISON BOLOGNA

    BOARD MEMBER

    Total calculated
    $0

  • ETHAN COLAIACE

    BOARD MEMBER

    Total calculated
    $0

  • ROBERT COLUCCI

    BOARD MEMBER

    Total calculated
    $0

  • SUZANNE C COURTEMANCHE

    SECRETARY

    Total calculated
    $0

  • JERREMY DUFFY

    CO-CHARIMAN

    Total calculated
    $0

  • MONICA HORAN

    BOARD MEMBER

    Total calculated
    $0

  • DANIEL J SULLIVAN JR

    CO-CHAIRMAN

    Total calculated
    $0

  • JAMES R HOYT JR

    BOARD MEMBER

    Total calculated
    $0

  • BRIAN KORTZ

    BOARD MEMBER

    Total calculated
    $0

  • EDWARD MASSOUD

    BOARD MEMBER

    Total calculated
    $0

  • OSCAR MEJIAS

    BOARD MEMBER

    Total calculated
    $0

  • ROSS NELSON

    BOARD MEMBER

    Total calculated
    $0

  • ERICA SCHECTNER

    BOARD MEMBER

    Total calculated
    $0

  • LORI SPANGLER

    BOARD MEMBER

    Total calculated
    $0

  • KEVIN P TRACY

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.0
Source object
202503169349305715

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