Rhode Island Polonia Scholarship Foundation
- Assets
- $37.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 05-0390117
Organization Overview
Rhode Island Polonia Scholarship Foundation is located in Providence, RI. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Polonia Scholarship 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 12/2023, Rhode Island Polonia Scholarship Foundation generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $4.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MAIN PURPOSE OF THE RI POLONIA SCHOLARSHIP FOUNDATION IS TO SUPPORT THE POLISH COMMUNITY IN RHODE ISLAND BY PROVIDING EDUCATIONAL GRANTS TO COLLEGE STUDENTS OF POLISH DECENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Malec President | 2.5 | $0 | |
Joseph Krol Vice President | 2.5 | $0 | |
Lawrence Rzepecki Treasurer | 2.5 | $0 | |
Joseph Chrostowski Secretary | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,439 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,479 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $250 |
| Total expenses | $4,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,865 |
| Other assets | $0 |
| Total assets | $37,865 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,865 |