Rhode Island Infantile Paralysis Foundation
- Assets
- $638.1k
- Revenue
- $504.8k
- Investments
- $605.7k
- Employees
- 0
- Location
- Saunderstown, RI
- Founding
- 02/1952
- Data as of
- 12/2021
- EIN
- 05-0298523
Organization Overview
Rhode Island Infantile Paralysis Foundation is located in Saunderstown, RI. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Infantile Paralysis Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rhode Island Infantile Paralysis Foundation generated $504.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $152.7k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Mcgovern Secretary | 10 | $19,200 | |
Peter Sheehan President | 0 | $0 | |
Richard P Kelaghan ESQ Vice President | 0 | $0 | |
John Marinatto Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,105 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $430,772 |
| Capital Gain Net Income | $430,772 |
| Net ST Capital Gain | $13,576 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102 |
| Total Revenue | $504,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $94 |
| Taxes | $1,919 |
| Depreciation | $187 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,120 |
| Total operating and administrative expenses | $48,420 |
| Contributions, gifts, grants paid | $104,329 |
| Total expenses and disbursements | $152,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,860 |
| Savings and temporary cash investments | $9,554 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $561,703 |
| Net Land, buildings, and equipment | $981 |
| Other assets | $0 |
| Total assets | $638,056 |
| Accounts payable and accrued expenses | $1,205 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,205 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rhode Island Infantile Paralysis Foundation has recieved totaling $47,193.
| Awarding Organization | Amount |
|---|---|
Wiacheslav A Obnovlenski Thompson Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $47,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |