Rhode Island Boy Scouts
- Assets
- $14.1m
- Revenue
- $930.9k
- Investments
- $271.4k
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 11/1965
- Data as of
- 12/2020
- EIN
- 05-6001678
Organization Overview
Rhode Island Boy Scouts is located in Cranston, RI. The organization was established in 1965. According to its NTEE Classification (O41) the organization is classified as: Boy Scouts of America, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rhode Island Boy Scouts 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 12/2020, Rhode Island Boy Scouts generated $930.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $755.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rhode Island Boy Scouts has awarded 16 individual grants totaling $2,589,640. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SCOUTING PROGRAMS FOR YOUTH WITHIN THE TERRITORY SERVED BY THE NARRAGANSETT COUNCIL, BOY SCOUTS OF AMERICA. THROUGH THIS SUPPORT, RIBS SEEKS TO BUILD CHARACTER, CITIZENSHIP, LEADERSHIP AND LIFE SKILLS IN YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIBS PROVIDES GENERAL OPERATING SUPPORT FOR SCOUTING PROGRAMS IN THE TERRITORY OF THE NARRAGANSETT COUNCIL THAT BUILD CHARACTER, CITIZENSHIP, LEADERSHIP AND LIFE SKILLS IN YOUTH.
RIBS MAINTAINS CAMPS AND PROPERTIES THAT IT LEASES TO THE NARRAGANSETT COUNCIL TO BE USED TO SUPPORT SCOUTING PROGRAMS IN THE TERRITORY OF THE NARRAGANSETT COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew M Erickson Member, Former President | OfficerTrustee | 0.5 | $0 |
Tim Mccandless Secretary | OfficerTrustee | 5 | $0 |
Joseph P Gencarella Asst Treasurer/member | OfficerTrustee | 0.5 | $0 |
Robert A Dimuccio Vice President/member | OfficerTrustee | 0.5 | $0 |
Robert H Pease Jr President/member | OfficerTrustee | 0.5 | $0 |
Eric A Jaikes Council Legal Counsel, Ma | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,044 |
| Total Program Service Revenue | $0 |
| Investment income | $373,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $78,000 |
| Net Gain/Loss on Asset Sales | $176,982 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $930,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $533,933 |
| 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 | $80,092 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,771 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $59,966 |
| All other expenses | $0 |
| Total functional expenses | $755,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $197,028 |
| Accounts receivable, net | $59,321 |
| 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 | $1,300,952 |
| Investments—publicly traded securities | $10,730,656 |
| Investments—other securities | $271,372 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,440,239 |
| Total assets | $14,059,057 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $8,462,268 |
| Net assets with donor restrictions | $5,596,789 |
| 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 | $14,059,057 |
Grants Awarded
Over the last fiscal year, Rhode Island Boy Scouts has awarded $83,262 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cranston, RI PURPOSE: PROGRAM SUPPORT | $78,000 |
RICHMOND TROOP 1 BOY SCOUTS OF AMERICA PURPOSE: PROGRAM SUPPORT | $5,262 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Rhode Island Boy Scouts has recieved totaling $1,556.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $52 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $4 |
Verrecchia Family Foundation Inc Narragansett, RI PURPOSE: GENERAL PURPOSES OF THE ORGANIZATION | $0 |
Endowment Analysis
| Beg. Balance | $12,412,906 |
| Earnings | $1,841,389 |
| Net Contributions | $14,421 |
| Other Expense | $436,012 |
| Ending Balance | $13,832,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boy Scouts Of America Cranston, RI | $36,524,168 | $7,984,407 |
Boy Scouts Of America Milford, CT | $14,416,455 | $4,735,917 |
Heart Of New England Council Bsa Inc Rutland, MA | $3,905,778 | $2,836,927 |
Boy Scouts Of America East Hartford, CT | $13,975,637 | $3,496,168 |
Boy Scouts Of America Milford, MA | $28,601,142 | $6,029,246 |
Boy Scouts Of America Woburn, MA | $13,815,336 | $3,027,939 |
Boston Junior Eagles Inc Needham, MA | $467,064 | $1,634,946 |
Boy Scouts Of America Greenwich, CT | $11,157,321 | $2,119,577 |
Boy Scouts Of America Westfield, MA | $3,716,946 | $1,642,735 |
Rhode Island Boy Scouts Cranston, RI | $14,059,057 | $930,882 |
Boy Scouts Of America Yarmouth Port, MA | $6,078,647 | $734,571 |
Boy Scouts Of America Derby, CT | $1,704,574 | $542,286 |