Totals
- Total revenue
- $155,018
- Total expenses
- $256,083
- Contributions and grants received
- $0
- Grants paid
- $212,387
- Program service revenue
- $0
- Investment income
- $153,251
- Other revenue
- $1,767
- Total assets, end of year
- $2,756,943
- Total liabilities, end of year
- $7,141
- Net assets or fund balances, end of year
- $2,749,802
- Program services expenses (Part IX)
- $212,387
- Management and general expenses
- $43,696
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $212,387
Program services were 82.9% 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.
-
3 · Investment income
total $153,251 · excluded $153,251
-
11a · Other revenue: OTHER INCOME
total $1,767 · excluded $1,767
-
11e · Other revenue, total
$1,767
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $212,387 · program services $212,387
-
11a · Fees: management
total $43,696 · management and general $43,696
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,442 · end of year $71,673
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,822,168 · end of year $2,685,270
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $13,743 · end of year $7,141
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,850,867 · end of year $2,749,802
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
TO SUPPORT THE REVITALIZATION OF DOWNTOWN PROVIDENCE, RI (DOWNCITY), ACTING AS A CATALYST FOR DEVELOPMENT AND NEW INITIATIVES TO BENEFIT DOWNCITY. THE ORGANIZATION WILL COORDINATE WITH THE CITY AND OTHER PUBLIC, PRIVATE, AND NONPROFIT ORGANIZATIONS, ACTING AS THE PRIMARY IMPETUS FOR REVITALIZATION EFFORTS.
Activities or mission (Part I)
AWARDING GRANTS AND LOANS THAT FOCUS ON STRENGTHENING AND REVITALIZING DOWNTOWN PROVIDENCE
-
ALL PROGRAMS RELATE TO THE REVITALIZATION OF DOWNTOWN PROVIDENCE BY PROVIDING LEADERSHIP, COORDINATION, RESOURCES, TECHNICAL ASSISTANCE AND SUPPORT.
Expenses $212,387 · Grants $212,387
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
G Alan Kurose MD MBA FacpG ALAN KUROSE MD MBA FACP
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Janet RobinsonJANET ROBINSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Michael K AllioMICHAEL K ALLIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Carrie Bridges Feliz MPHCARRIE BRIDGES FELIZ MPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Melissa R DuboseMELISSA R DUBOSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Jonathan D FainJONATHAN D FAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Edward O Handy IIIEDWARD O HANDY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Ann-Marie HarringtonANN-MARIE HARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Meghan Hughes PhDMEGHAN HUGHES PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Tony MendezTONY MENDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Theresa MooreTHERESA MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Peter R PhillipsPETER R PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
James WrightJAMES WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Neil SteinbergNEIL STEINBERG
PRESIDENT (THRU 5/23)
- Total calculated
- $466,576
- From this org
- $0
- From related orgs
- $425,004
- Other
- $41,572
- Hours/week
- 0.8 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $54,541 related
- Bonus
- $0 + $149,402 related
- Other
- $0 + $221,061 related
- Deferred
- $0 + $29,700 related
- Nontaxable benefits
- $0 + $11,872 related
- Filer's total
- $0 + $466,576 related
-
David CicillineDAVID CICILLINE
PRESIDENT (AS OF 6/23)
- Total calculated
- $398,955
- From this org
- $0
- From related orgs
- $387,540
- Other
- $11,415
- Hours/week
- 0.8 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $371,718 related
- Bonus
- $0 + $15,000 related
- Other
- $0 + $822 related
- Deferred
- $0 + $4,500 related
- Nontaxable benefits
- $0 + $6,915 related
- Filer's total
- $0 + $398,955 related
-
Jennifer ReidJENNIFER REID
TREASURER
- Total calculated
- $299,082
- From this org
- $0
- From related orgs
- $297,370
- Other
- $1,712
- Hours/week
- 0.8 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $253,553 related
- Bonus
- $0 + $18,500 related
- Other
- $0 + $25,317 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $1,712 related
- Filer's total
- $0 + $299,082 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 4B
- THE FORMER PRESIDENT/CEO PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN.
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
-
GENERAL SUPPORT
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.
-
THE RHODE ISLAND COMMUNITY FOUNDATION
501 C (3) · COMMUNITY FOUNDATION · RI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349311161
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.