Saint Elizabeth Community
- Assets
- $34.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 05-0457342
Organization Overview
Saint Elizabeth Community is located in Warwick, RI. The organization was established in 1992. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Saint Elizabeth Community 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, Saint Elizabeth Community generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 6.3% 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.
Since 2014, Saint Elizabeth Community has awarded 48 individual grants totaling $13,359,610. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AND MAKING DISTRIBUTIONS FROM ITS ASSETS TO RELATED ORGANIZATIONS TO FURTHER SUPPORT THEIR CHARITABLE PURPOSES OF PROVIDING NURSING, REHABILITATION, HOUSING, ASSISTED LIVING, ADULT DAY SERVICES, AND HOME CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE CHARITABLE PURPOSE OF SUPPORTING, BENEFITING, AND MAKING DISTRIBUTIONS TO ITS RELATED ORGANIZATIONS.
MANAGEMENT SERVICES PROVIDER TO A RELATED MEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig W Carpenter Chair | OfficerTrustee | 2 | $0 |
Claire C Flaherty Treasurer | OfficerTrustee | 2 | $0 |
Steven W Tilley Vice Chair | OfficerTrustee | 2 | $0 |
Steven H Kitchin Secretary | OfficerTrustee | 2 | $0 |
Mark Loiselle Chief Financial Officer | Officer | 4 | $0 |
Matthew Trimble President Beginning June 2020 | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,402,559 |
| Government grants | $199,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,936,728 |
| Total Program Service Revenue | $128,533 |
| Investment income | $615,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $747,063 |
| Net Income from Fundraising Events | $50,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,477,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,784,980 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,826 |
| Fees for services: Other | $70,810 |
| Advertising and promotion | $104,704 |
| Office expenses | $47,047 |
| Information technology | $39,547 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,853 |
| Insurance | $17,063 |
| All other expenses | $0 |
| Total functional expenses | $2,644,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,352 |
| Savings and temporary cash investments | $645,621 |
| Pledges and grants receivable | $398,239 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $9,086 |
| Net Land, buildings, and equipment | $73,468 |
| Investments—publicly traded securities | $23,846,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,620,938 |
| Total assets | $33,952,734 |
| Accounts payable and accrued expenses | $833,882 |
| 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 | $833,882 |
| Net assets without donor restrictions | $32,219,810 |
| Net assets with donor restrictions | $899,042 |
| 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 | $33,952,734 |
Grants Awarded
Over the last fiscal year, Saint Elizabeth Community has awarded $1,784,980 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
East Greenwich, RI PURPOSE: SUPPORT OF OPERATIONS | $878,480 |
Warwick, RI PURPOSE: SUPPORT OF OPERATIONS | $427,000 |
SAINT ELIZABETH ASSISTED LIVING LP PURPOSE: SUPPORT OF OPERATIONS | $320,174 |
Warwick, RI PURPOSE: SUPPORT OF OPERATIONS | $137,000 |
Bristol, RI PURPOSE: SUPPORT OF OPERATIONSSUPPORT OF OPERATIONS | $22,326 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Saint Elizabeth Community has recieved totaling $163,954.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: PROGRAM SUPPORT; NURSING HOME; CERTIFIED NURSING ASSISTANT WORKFORCE DEVELOPMENT PROGRAM; 4 CHAIR SCALES; GENERAL OPERATING | $122,789 |
Organization Name not Listed PURPOSE: CHARITABLE | | $29,075 |
Centreville Savings Bank Charitable Foundation West Warwick, RI PURPOSE: EXEMPT PURPOSE | $9,840 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tremont Credit Union Milton, MA | $244,401,139 | $9,907,662 |
Connecticut Student Loan Foundtion Hartford, CT | $126,010,687 | $4,816,146 |
Saint Elizabeth Community Warwick, RI | $33,952,734 | $6,477,601 |
The Diaper Bank Of Connecticut Inc North Haven, CT | $2,855,644 | $2,137,896 |
Rhode Island Bankers Association Providence, RI | $265,369 | $280,556 |
New Haven Scholarship Fund Inc New Haven, CT | $3,477,521 | $597,710 |
Quaboag Valley Business Assistance Corporation Ware, MA | $1,911,936 | $80,140 |
Bank Compliance Association Of Ct Farmington, CT | $64,409 | $0 |