Ronald Mcdonald House Of Providence Inc is located in Providence, RI. The organization was established in 1987. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2018, Ronald Mcdonald House Of Providence Inc employed 13 individuals. Ronald Mcdonald House Of Providence Inc 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 12/2018, Ronald Mcdonald House Of Providence Inc generated $1.2m 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 (23.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
RONALD MCDONALD HOUSE OF PROVIDENCE (THE HOUSE) SERVES TO IMPROVE THE HEALTH AND WELL BEING OF CHILDREN THROUGH THEIR CORE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O, OTHER, FOR HISTORY. OUR ONE HOUSE AND FAMILY ROOM PROVIDE A HOME FOR CRITICALLY ILL CHILDREN. THE HOUSE IS LOCATED ACROSS THE STREET FROM WOMEN & INFANTS HOSPITAL, HASBRO CHILDREN'S HOSPITAL AND RHODE ISLAND HOSPITAL. THE FAMILY ROOM IS LOCATED INSIDE HASBRO CHILDREN'S HOSPITAL. THE HOUSE ALLOWS FAMILIES TO EAT, SLEEP, AND FIND THE EMOTIONAL SUPPORT THEY NEED JUST STEPS AWAY FROM WHERE THEIR CHILD IS BEING TREATED. WHILE THE HOUSE SUGGESTS A $10 PER NIGHT CONTRIBUTION, NO FAMILY IS EVER TURNED AWAY IF THEY ARE UNABLE TO PAY. RMH OFFERS THEM CARE AND COMFORT DURING THEIR HOURS OF GREATEST NEED. OUR TWO CORE PROGRAMS ARE THE RONALD MCDONALD HOUSE (RMH) AND RONALD MCDONALD FAMILY ROOMS (RMFR). BOTH ARE DESIGNED TO KEEP FAMILIES CLOSE DURING HOSPITALIZATIONS. RESEARCH SHOWS THAT A FAMILY PRESENCE IN THE HOSPITAL HELPS CHILDREN HEAL FASTER. OUR PROGRAMS ARE UNIQUE IN THAT THEY ALLOW FOR FAMILIES TO SPEND ADDITIONAL TIME WITH A SICK CHILD, HELP EASE FINANCIAL BURDENS, PROVIDE A SENSE OF NORMALCY TO FAMILIES, AND KEEP FAMILIES TOGETHER DURING TIMES OF MEDICAL CRISIS. A RONALD MCDONALD HOUSE PROVIDES A TEMPORARY HOME FOR FAMILIES WITH CRITICALLY ILL CHILDREN. THE PROVIDENCE HOUSE HAS 28 BEDROOMS, A KITCHEN, A LIVING ROOM, A DINING AREA, A CHILDREN'S PLAY AREA, AND LAUNDRY FACILITIES. IN ADDITION TO ITS PROXIMITY TO MEDICAL FACILITIES, RMH PROVIDENCE OFFERS SOMETHING EVEN MORE IMPORTANT: THE SUPPORT THAT COMES FROM BEING ABLE TO TALK AND SHARE CONCERNS WITH OTHER PARENTS AND FAMILIES GOING THROUGH SIMILARLY DIFFICULT SITUATIONS. IN 2016, RMH PROVIDENCE EXPANDED, ADDING 10 ADDITIONAL BEDROOMS AND A LARGER DAY USE FLOOR. SOME CHILDREN TRAVEL GREAT DISTANCES TO GET THE MEDICAL ATTENTION THEY NEED. TREATMENT MAY LAST ONE DAY, ONE MONTH, ONE YEAR, OR EVEN LONGER. FOR THE FAMILIES OF THESE CHILDREN, ACCOMMODATIONS CAN BE HARD TO COME BY. THEIR OPTIONS ARE OFTEN LIMITED TO COSTLY HOTELS OR UNCOMFORTABLE HOSPITAL CHAIRS. TO FULFILL ITS MISSION, THE HOUSE PROVIDES SHELTER TO THESE FAMILIES IN NEED. THE GOAL OF THIS NONPROFIT ORGANIZATION IS TO MAKE A DIFFICULT TIME IN AN UNFAMILIAR PLACE AS NORMAL AND COMFORTABLE AS POSSIBLE FOR GUESTS GOING THROUGH A STRESSFUL TIME IN THEIR LIVES. RONALD MCDONALD FAMILY ROOMS BRING THE WARMTH AND COMFORT OF A HOUSE INTO THE HOSPITAL SETTING AND IS LOCATED STEPS FROM THE PEDIATRIC UNIT. AMENITIES INCLUDE A KITCHENETTE, A LAUNDRY FACILITY, COMPUTERS AND A COMFORTABLE PLACE FOR ADULT FAMILIES TO RELAX. RMH PROVIDENCE CURRENTLY MANAGES ONE FAMILY ROOM AT HASBRO CHILDREN'S HOSPITAL IN PROVIDENCE, RI.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Fantom Chief Executive Officer | Officer | 45 | $150,590 |
Joanne Chang Treasurer | OfficerTrustee | 3 | $0 |
Jay R Marshall President | OfficerTrustee | 2 | $0 |
Keith R Watson CFA CFP Secretary | OfficerTrustee | 3 | $0 |
Robert J Durant Jr Vice President | OfficerTrustee | 3 | $0 |
Dana Ginestet Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $39,882 |
Membership dues | $0 |
Fundraising events | $137,199 |
Related organizations | $66,820 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $830,308 |
Noncash contributions included in lines 1a–1f | $85,009 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,074,209 |
Total Program Service Revenue | $20,833 |
Investment income | $28,632 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $126,272 |
Net Income from Fundraising Events | -$41,385 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,209,001 |
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. | $185,001 |
Compensation of current officers, directors, key employees. | $83,251 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $488,068 |
Pension plan accruals and contributions | $16,839 |
Other employee benefits | $119,146 |
Payroll taxes | $51,417 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,175 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $168,400 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $47,345 |
Advertising and promotion | $4,790 |
Office expenses | $30,414 |
Information technology | $15,667 |
Royalties | $0 |
Occupancy | $152,707 |
Travel | $6,989 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,043 |
Interest | $49,271 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $232,140 |
Insurance | $30,493 |
All other expenses | $26,015 |
Total functional expenses | $1,748,018 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $64,415 |
Savings and temporary cash investments | $211,913 |
Pledges and grants receivable | $423,904 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $14,355 |
Prepaid expenses and deferred charges | $57,239 |
Net Land, buildings, and equipment | $6,679,817 |
Investments—publicly traded securities | $2,668,344 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,755 |
Total assets | $10,126,742 |
Accounts payable and accrued expenses | $120,877 |
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 | $805,926 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $926,803 |
Unrestricted restricted net Assets | $7,955,873 |
Temporarily restricted net Assets | $747,816 |
Permanently restricted net Assets or current funds | $496,250 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $9,199,939 |
Over the last fiscal year, we have identified 5 grants that Ronald Mcdonald House Of Providence Inc has recieved totaling $28,813.
Awarding Organization | Amount |
---|---|
Centreville Savings Bank Charitable Foundation West Warwick, RI PURPOSE: EXEMPT PURPOSE | $20,000 |
Mark And Donna Ross Family Foundation Warwick, RI PURPOSE: GENERAL PURPOSES | $5,000 |
Essential Power Llc Princeton, NJ PURPOSE: SUPPORTING SICK CHILDREN AND THEIR FAMILY | $3,000 |
Officer Ryan J Bourque Charitable Foundation Coventry, RI PURPOSE: CHILDRENS HEALTH & WELL-BEING | $750 |
Pfizer Foundation Inc New York, NY PURPOSE: ANNUAL GIVING CAMPAIGN | $63 |
Beg. Balance | $2,970,316 |
Earnings | -$180,359 |
Other Expense | $121,612 |
Ending Balance | $2,668,345 |
Organization Name | Assets | Revenue |
---|---|---|
The Hospital Cottages For Children Southborough, MA | $6,634,641 | $8,685,651 |
Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc Boston, MA | $19,449,971 | $5,852,582 |
Make-A-Wish Foundation Of Ct Inc Trumbull, CT | $14,751,586 | $5,558,740 |
Rmhc Ctma New Haven, CT | $23,599,901 | $2,931,535 |
Ronald Mcdonald House Of Providence Inc Providence, RI | $10,126,742 | $1,209,001 |
The Courageous Parents Network Inc Newton, MA | $1,218,485 | $796,777 |
A Wish Come True Inc Warwick, RI | $688,543 | $771,868 |
R O F E H Inc Brookline, MA | $610,887 | $453,057 |
Health Information Network Inc Fairfield, CT | $21,282 | $175,299 |
One Summit Inc North Andover, MA | $548,004 | $537,081 |
All Out Adventures Inc Northampton, MA | $267,793 | $365,853 |
Childrens Wish Group Of Ri Warwick, RI | $246,058 | $298,749 |