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Nonprofiteer
← RCI-IIBEC FOUNDATION INC

Form 990 for tax year 2022

Filed by RCI-IIBEC FOUNDATION INC.

Totals

Total revenue
$243,932
Total expenses
$245,510
Contributions and grants received
$237,966
Grants paid
$77,671
Program service revenue
$0
Investment income
-$2,566
Other revenue
$8,532
Total assets, end of year
$563,861
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$563,861
Program services expenses (Part IX)
$182,310
Management and general expenses
$63,200
Fundraising expenses
$0
Program service expenses (Part III)
$182,310

Program services were 74.3% 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.

  • 1f · All other contributions, gifts and grants

    $237,966

  • 3 · Investment income

    total $433 · excluded $433

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

    securities $2,999

  • 7c · Gain or loss

    securities -$2,999

  • 7d · Net gain or loss

    total -$2,999 · excluded -$2,999

  • 8a · Fundraising events: gross income

    $53,606

  • 8b · Fundraising events: direct expenses

    $45,074

  • 8c · Net income from fundraising events

    total $8,532 · excluded $8,532

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,671 · program services $77,671

  • 11a · Fees: management

    total $78,766 · program services $39,383 · management and general $39,383

  • 11c · Fees: accounting

    total $5,255 · management and general $5,255

  • 13 · Office expenses

    total $1,287 · management and general $1,287

  • 14 · Information technology

    total $1,228 · management and general $1,228

  • 17 · Travel

    total $53,326 · program services $44,212 · management and general $9,114

  • 19 · Conferences, conventions and meetings

    total $21,044 · program services $21,044

  • 23 · Insurance

    total $1,391 · management and general $1,391

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $3,571 · management and general $3,571

  • 24b · Other expenses: MISCELLANEOUS

    total $1,971 · management and general $1,971

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $386,307 · end of year $393,080

  • 11 · Investments: publicly traded securities

    beginning of year $57,517 · end of year $46,922

  • 12 · Investments: other securities

    beginning of year $121,615 · end of year $123,859

  • 27 · Net assets without donor restrictions

    beginning of year $331,070 · end of year $301,429

  • 28 · Net assets with donor restrictions

    beginning of year $234,369 · end of year $262,432

Mission and programs · 2022

Mission

TO SUPPORT RESEARCH, EDUCATION, AND THE DISSEMINATION OF INFORMATION FOR ISSUES IMPORTANT TO THE BUILDING ENCLOSURE INDUSTRY.

  • PROVIDED EDUCATIONAL RESEARCH OPPORTUNITIES BY FUNDING VARIOUS RESEARCH PROJECTS AND EVENTS.

    Expenses $182,310 · Grants $77,671

As filed on the 2022 return.

Listed in Part VII

  • Mike Blanchette

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Sidney I Hankin

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Helene Hardy Pierce

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Marc Allaire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andre Desjarlais

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Ducharme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Albert J Duwyn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert J Elsdon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David R Hawn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ralph Paroli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Walter Rossiter Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lionel Van Der Walt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edward A Sheridan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Banning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Voyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Pallasch

    CEO/EVP

    Total calculated
    $296,916
    From this org
    $0
    From related orgs
    $238,494
    Other
    $58,422
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,914 related
    Bonus
    $0 + $23,580 related
    Other
    $0
    Deferred
    $0 + $10,478 related
    Nontaxable benefits
    $0 + $47,944 related
    Filer's total
    $0 + $296,916 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2023
IRS schema version
2022v5.0
Source object
202312059349300866

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