Rhode Island Shriners
- Assets
- $4.4m
- Revenue
- $381.7k
- Investments
- $4.0m
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 11/1940
- Data as of
- 12/2021
- 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 12/2021, Rhode Island Shriners generated $381.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $151.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.1%) per year over the past 7 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
2021
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
RESTAURANT/LOUNGE:PROVIDES ATMOSPHERE THAT FOSTERS BROTHERHOOD AND FELLOWHIP
MEMBERSHIP DUES: BILLED TO MEMBERS IN THE FALL FOR THE UPCOMING YEAR. FOSTERS BROTHERHOOD & FELLOWSHIP.
MEMBERSHIP DUES 41,823 MANAGEMENT SERVICES 0
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Rapson Treasurer | Officer | 10 | $1,116 |
Jim Conway Potentate | Officer | 0 | $0 |
Thomas Hardman Chief Rabban | Officer | 0 | $0 |
Frank Dimascio Recorder | Officer | 30 | $0 |
Michael Brito Assistant Rabban | Officer | 0 | $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 | $26,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,576 |
| Total Program Service Revenue | $54,542 |
| Investment income | $130,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,091 |
| Net Income from Fundraising Events | $15,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,693 |
| 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 | $1,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,900 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,170 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,447 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $331 |
| Payments to affiliates | $23,045 |
| Depreciation, depletion, and amortization | $5,018 |
| Insurance | $10,799 |
| All other expenses | $1,000 |
| Total functional expenses | $151,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,216 |
| Savings and temporary cash investments | $237,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,106 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,932 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,009,909 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,419,056 |
| Accounts payable and accrued expenses | $50,831 |
| Grants payable | $0 |
| Deferred revenue | $22,344 |
| 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 | $6,424 |
| Total liabilities | $79,599 |
| Net assets without donor restrictions | $4,339,457 |
| 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 | $4,419,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Master Wardens And Members Of The Grand Lodge Of Masons In Massachus Boston, MA | $28,564,196 | $2,581,604 |
Shriners International Wilmington, MA | $14,593,595 | $1,679,300 |
Operative Plasterers & Cement Masons International Association Boston, MA | $1,364,633 | $1,501,561 |
Ancient Free & Accepted Masons Of Connecticut Grand Lodge Wallingford, CT | $3,696,624 | $828,921 |
Master Wardens & Members Of The Grand Lodge Of Masons In Mass North Easton, MA | $5,504,312 | $298,031 |
New England Concrete Masonry Association Webster, MA | $405,053 | $257,088 |
St Augustine Building Association Of Stamford Inc Stamford, CT | $3,605,065 | $276,703 |
Fraternal Order Of Eagles Framingham, MA | $367,292 | $344,702 |
Masonic Temple Association Of New Haven Inc New Haven, CT | $2,593,089 | $385,167 |
Master Wardens & Members Of The Grand Lodge Of Masons In Mass Nantucket, MA | $4,742,819 | $490,795 |
Melha Shriners Agawam, MA | $2,267,700 | $365,287 |
Lowell Masonic Association Inc Lowell, MA | $624,460 | $175,447 |