Rhode Island Shriners
- Assets
- $4.1m
- Revenue
- $159.7k
- Investments
- $3.7m
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 11/1940
- Data as of
- 12/2023
- EIN
- 05-0098655
Organization Overview
Rhode Island Shriners is located in Cranston, RI. The organization was established in 1940. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rhode Island Shriners is a 501(c)(10) and as such, is described as a "Domestic Fraternal Society and/or Association" by the IRS.
For the year ending 12/2023, Rhode Island Shriners generated $159.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $257.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNITY WITH A PHILANTHROPIC MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGAZINE: EDUCATES MEMBERS ABOUT SHRINE ACTIVITIES AND SERVICES. FOSTERS BROTHERHOOD AND FELLOWSHIP. ISSUED 12 PUBLICATIONS THIS YEAR
MEMBERSHIP DUES 30,857 MANAGEMENT SERVICES 0
RESTAURANT/LOUNGE:PROVIDES ATMOSPHERE THAT FOSTERS BROTHERHOOD AND FELLOWHIP
MEMBERSHIP DUES: BILLED TO MEMBERS IN THE FALL FOR THE UPCOMING YEAR. FOSTERS BROTHERHOOD & FELLOWSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brito Potentate | Officer | 0 | $0 |
John Adams Chief Rabban | Officer | 0 | $0 |
James R Rapson Treasurer | Officer | 10 | $0 |
Nicholas Oliver Assistant Rabban | Officer | 0 | $0 |
Frank Dimascio Recorder | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,144 |
| Total Program Service Revenue | $41,559 |
| Investment income | $99,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,772 |
| Net Income from Fundraising Events | $18,101 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,846 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,264 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27 |
| Payments to affiliates | $99,141 |
| Depreciation, depletion, and amortization | $1,601 |
| Insurance | $8,182 |
| All other expenses | $3,357 |
| Total functional expenses | $257,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,956 |
| Savings and temporary cash investments | $313,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,964 |
| Prepaid expenses and deferred charges | $325 |
| Net Land, buildings, and equipment | $2,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,677,259 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,063,030 |
| Accounts payable and accrued expenses | $61,622 |
| Grants payable | $0 |
| Deferred revenue | $24,884 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,246 |
| Total liabilities | $97,752 |
| Net assets without donor restrictions | $3,965,278 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,063,030 |