Pawtuxet River Authority
- Assets
- $4.4m
- Revenue
- $38.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hope, RI
- Founding
- 05/1993
- Data as of
- 06/2022
- EIN
- 05-0404245
Organization Overview
Pawtuxet River Authority, operating under the name Pawtuxet River Authority And Watershed Council, is located in Hope, RI. The organization was established in 1993. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pawtuxet River Authority And Watershed Council 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 06/2022, Pawtuxet River Authority And Watershed Council generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $49.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PAWTUXET RIVER AUTHORITY IS TO PROTECT AND IMPROVE THE PAWTUXET RIVER AND ITS WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S ACTIVITIES INCLUDE OPEN SPACE ACQUISITION; RIVER AND FISH PASSAGE RESTORATION ACTIVITIES; LAND CONSERVATION AND IMPROVEMENTS SUCH AS TRAIL SYSTEM, BOATING AND FISHING ACCESSES IN ORDER TO IMPROVE PUBLIC ACCESS TO THE WATERSHED. ONGOING ACTIVITIES INCLUDE ENVIRONMENTAL CLEAN-UPS IN AND ALONG WATERWAYS AND WETLANDS, REMOVAL OF FLOOD DEBRIS FROM THE RIVER, AND WATER QUALITY MONITORING THROUGHOUT THE WATERSHED. THE ORGANIZATION RELIES HEAVILY ON VOLUNTEERS AND SOME PAID PROFESSIONAL SERVICES TO CARRY OUT THESE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Nero President | OfficerTrustee | 30 | $0 |
Allen Durand Board Member | Trustee | 1 | $0 |
James Johnson Board Member | Trustee | 5 | $0 |
John Preiss Board Member | Trustee | 5 | $0 |
Paul Lockett Board Member | Trustee | 5 | $0 |
John Donovan Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,230 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,245 |
| 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 | $8,787 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,779 |
| Advertising and promotion | $70 |
| Office expenses | $1,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,361 |
| Travel | $178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $632 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,427 |
| Insurance | $3,000 |
| All other expenses | $103 |
| Total functional expenses | $49,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,283 |
| Savings and temporary cash investments | $9,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $73,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,270,100 |
| Total assets | $4,368,844 |
| Accounts payable and accrued expenses | $465 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $465 |
| Net assets without donor restrictions | $4,366,319 |
| Net assets with donor restrictions | $2,060 |
| 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 | $4,368,844 |