Rhode Island Bar Foundation
- Assets
- $10.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Cranston, RI
- Founding
- 07/1959
- Data as of
- 06/2024
- EIN
- 05-6009376
Organization Overview
Rhode Island Bar Foundation is located in Cranston, RI. The organization was established in 1959. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Bar 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 06/2024, Rhode Island Bar Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 4.1% per year over the past 9 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 2015, Rhode Island Bar Foundation has awarded 91 individual grants totaling $5,903,261. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RHODE ISLAND BAR FOUNDATION'S MISSION IS TO FOSTER AND MAINTAIN THE HONOR AND INTEGRITY OF THE PROFESSION OF LAW AND TO STUDY, IMPROVE AND FACILITATE THE ADMINISTRATION OF JUSTICE IN RHODE ISLAND, AS WELL AS PROMOTE THE STUDY OF LAW, RESEARCH THEREIN AND DIFFUSION OF KNOWLEDGE AND TO PROMOTE HIGH STANDARDS OF LEGAL EDUCATION. TO SUPORT THE DELIVERY OF LEGAL SERVICES TO THOSE WITHOUT SUFFICIENT MEANS TO SECURE THEM OTHERWISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE PROGRAM - MAINTAINS AND OPERATES A FACILITY THAT RENTS SPACE TO A RELATED NON-PROFIT ORGANIZATION, THE RI BAR ASSOCIATION.
THE INTEREST ON LAWYERS TRUST ACCOUNTS - COLLECTS MONEY FROM IOLTA ACCOUNTS FROM RI ATTORNEYS. THE INCOME IS THAN DISTRIBUTED TO OTHER NON PROFIT ORGANIZATIONS THAT PROVIDE LEGAL ASSISTANCE TO THE POOR OF RHODE ISLAND, PROMOTE KNOWLEDGE OF THE LAW, IMPROVEMENT OF ADMINISTRATION FOR JUSTICE.
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Mcelroy President | OfficerTrustee | 1 | $0 |
Victoria M Almeida Vice President | OfficerTrustee | 1 | $0 |
Armando E Batastini Secretary | OfficerTrustee | 1 | $0 |
Steven Boyajian Treasurer | OfficerTrustee | 1 | $0 |
Sonja L Deyoe Director | Trustee | 1 | $0 |
Anne Maxwell Livingston Director | Trustee | 1 | $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 | $3,694,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,694,773 |
| Total Program Service Revenue | $0 |
| Investment income | $189,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,768 |
| Net Gain/Loss on Asset Sales | -$27,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,939,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,262 |
| Grants and other assistance to domestic individuals. | $156,000 |
| 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 | $70,119 |
| Pension plan accruals and contributions | $7,012 |
| Other employee benefits | $0 |
| Payroll taxes | $5,727 |
| 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 | $43,973 |
| Fees for services: Other | $38,550 |
| Advertising and promotion | $0 |
| Office expenses | $3,178 |
| 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 | $7,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,301,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,744,718 |
| Savings and temporary cash investments | $25,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,376 |
| 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 | $647 |
| Net Land, buildings, and equipment | $1,270,446 |
| Investments—publicly traded securities | $6,087,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $852 |
| Other assets | $0 |
| Total assets | $10,436,451 |
| Accounts payable and accrued expenses | $179,012 |
| Grants payable | $0 |
| Deferred revenue | $165,608 |
| 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 | $585,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $929,747 |
| Net assets without donor restrictions | $962,020 |
| Net assets with donor restrictions | $8,544,684 |
| 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 | $10,436,451 |
Grants Awarded
Over the last fiscal year, Rhode Island Bar Foundation has awarded $900,262 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR MEDIATION & COLLABORATION RI PURPOSE: HELP FOR MEDIATORS | $12,000 |
DAY ONE PURPOSE: HELP WITH LEGAL EDUCATIONAL P | $9,600 |
RI CENTER FOR JUSTICE PURPOSE: HELP FOR CENTER OF JUSTICE | $6,659 |
RI BAR ASSOCIATION - ELDERLY PRO BONO PURPOSE: LEGAL HELP FOR THE ELDERLY | $91,082 |
DORCAS INTERNATIONAL INSTITUTE PURPOSE: LEGAL HELP FOR IMMIGRANTS | $175,796 |
RI COALITION AGAINST DOMESTIC VIOLENCE PURPOSE: HELP WITH DOMESTIC VIOLENCE | $11,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Bar Foundation Inc Boston, MA | $12,609,247 | $2,806,999 |
Rhode Island Bar Foundation Cranston, RI | $10,436,451 | $3,939,518 |
Hundred Club Of Massachusetts Inc Braintree, MA | $9,544,678 | $2,364,167 |
Adams Family Foundation Inc East Haven, CT | $3,005,378 | $413,474 |
Hope Mobilization Inc Lowell, MA | $38,788 | $233,775 |
National Public Safety Drone Donation Program Hebron, CT | $0 | $0 |
Palmer Police Club Inc Palmer, MA | $23,982 | $0 |
Groveland Police Association Inc Groveland, MA | $4,791 | $0 |
Franklin County Bar Association Community Fund Inc Greenfield, MA | $61,518 | $0 |
Chelmsford Police K-9 Unit Tyngsboro, MA | $166 | $0 |