Edward J & Virginia M Routhier Foundation
- Assets
- $17.4m
- Revenue
- $912.3k
- Investments
- $17.1m
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 05-0485198
Organization Overview
Edward J & Virginia M Routhier Foundation is located in Johnston, RI. The organization was established in 1995. 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. Edward J & Virginia M Routhier 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 12/2022, Edward J & Virginia M Routhier Foundation generated $912.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward J & Virginia M Routhier Foundation has awarded 122 individual grants totaling $3,423,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Citizens Bank N A Trustee | 5 | $46,908 | |
Dennis Dibenedetto Distribution Committee Member | 2 | $23,000 | |
David Rampone Distribution Committee Member | 1 | $2,000 | |
Renee R Evangelista Distribution Committee Member | 1 | $3,000 | |
Peter Arden Distribution Committee Member | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $522,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,546 |
| Capital Gain Net Income | $389,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $912,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,908 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,812 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,892 |
| Total operating and administrative expenses | $132,278 |
| Contributions, gifts, grants paid | $1,041,000 |
| Total expenses and disbursements | $1,173,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $352,277 |
| 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 | $17,064,226 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,416,503 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Edward J & Virginia M Routhier Foundation has awarded $1,041,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER HOSPITAL PURPOSE: UNRESTRICTED GIFT | $30,000 |
MIRIAM HOSPITAL PURPOSE: UNRESTRICTED GIFT | $70,000 |
PROVIDENCE COLLEGE PURPOSE: UNRESTRICTED GIFT | $25,000 |
CROSSROADS RHODE ISLAND PURPOSE: UNRESTRICTED GIFT | $20,000 |
HOPEHEALTH VISITING NURSE PURPOSE: UNRESTRICTED GIFT | $25,000 |
RHODE ISLAND SOCIETY FOR PREVENTION PURPOSE: UNRESTRICTED GIFT | $5,000 |