Society Of St Vincent De Paul Svdp Rhode Island
- Assets
- $2.2m
- Revenue
- $2.6m
- Investments
- $351.9k
- Employees
- 8
- Location
- Cranston, RI
- Founding
- 05/2019
- Data as of
- 09/2021
- EIN
- 05-6010248
Organization Overview
Society Of St Vincent De Paul Svdp Rhode Island is located in Cranston, RI. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Society Of St Vincent DE Paul Svdp Rhode Island employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of St Vincent DE Paul Svdp Rhode Island 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 09/2021, Society Of St Vincent DE Paul Svdp Rhode Island generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $2.1m during the year ending 09/2021. While expenses have increased by 33.7% per year over the past 6 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, Society Of St Vincent DE Paul Svdp Rhode Island has awarded 24 individual grants totaling $114,194. 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
THE SOCIETY OF ST. VINCENT DE PAUL LEADS WOMEN AND MEN TO JOIN TOGETHER TO GROW SPIRITUALLY BY OFFERING PERSON-TO-PERSON SERVICES TO THOSE WHO ARE NEEDY AND SUFFERING. UNITED IN CHARITY BY THEIR SPIRIT OF POVERTY, HUMILITY, AND SHARING, AND COLLABORATES WITH OTHER PEOPLE OF GOOD WILL IN RELIEVING NEED AND ADDRESSING ITS CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED THOSE IN NEED WITH FUNDS FOR RENT, HEATING, UTILITIES, CLOTHING, AND DISASTER RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Brissette Executive Director | Officer | 40 | $64,455 |
Raymond Andolfo Treasurer Through August 2021 | OfficerTrustee | 10 | $0 |
Maria Rose Secretary Through August 2020 | OfficerTrustee | 10 | $0 |
Michael Vieira President | OfficerTrustee | 10 | $0 |
Paula Senra Vice President | OfficerTrustee | 10 | $0 |
Kat Brissette Interim Executive Director As Of 9/21 | Officer | 40 | $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 | $2,255,330 |
| Noncash contributions included in lines 1a–1f | $1,159,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,255,330 |
| Total Program Service Revenue | $0 |
| Investment income | $74,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $319 |
| Net Income from Fundraising Events | -$331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $299,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,629,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,386,604 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,607 |
| Compensation of current officers, directors, key employees. | $3,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,030 |
| Office expenses | $30,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,636 |
| Travel | $8,118 |
| 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 | $41,891 |
| Insurance | $19,058 |
| All other expenses | $32,232 |
| Total functional expenses | $2,084,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,573 |
| Savings and temporary cash investments | $152,158 |
| Pledges and grants receivable | $0 |
| 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 | $4,909 |
| Net Land, buildings, and equipment | $515,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $351,873 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $388,218 |
| Total assets | $2,227,449 |
| Accounts payable and accrued expenses | $48,729 |
| 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 | $259,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,201 |
| Total liabilities | $323,148 |
| Net assets without donor restrictions | $929,922 |
| Net assets with donor restrictions | $974,379 |
| 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 | $2,227,449 |
Grants Awarded
Over the last fiscal year, Society Of St Vincent De Paul Svdp Rhode Island has awarded $43,265 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Cranston, RI PURPOSE: CLIENT ASSISTANCE FOR BASIC NEEDS PROVIDED THROUGH INDIVIDUAL CONFERENCES | $7,609 |
Cranston, RI PURPOSE: CLIENT ASSISTANCE FOR BASIC NEEDS PROVIDED THROUGH INDIVIDUAL CONFERENCES | $7,500 |
Cranston, RI PURPOSE: CLIENT ASSISTANCE FOR BASIC NEEDS PROVIDED THROUGH INDIVIDUAL CONFERENCES | $6,688 |
ST VINCENT DE PAUL COVENTRY SVDP PURPOSE: CLIENT ASSISTANCE FOR BASIC NEEDS PROVIDED THROUGH INDIVIDUAL CONFERENCES | $5,525 |
Mapleville, RI PURPOSE: CLIENT ASSISTANCE FOR BASIC NEEDS PROVIDED THROUGH INDIVIDUAL CONFERENCES | $5,447 |
West Warwick, RI PURPOSE: CLIENT ASSISTANCE FOR BASIC NEEDS PROVIDED THROUGH INDIVIDUAL CONFERENCES | $5,276 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Society Of St Vincent De Paul Svdp Rhode Island has recieved totaling $53,500.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: FRIENDS' FUND CLIENT ASSISTANCE | $45,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: EMERGENCY FINANCIAL ASSISTANCE FOR THE NEEDY | $8,500 |
Endowment Analysis
| Beg. Balance | $334,942 |
| Earnings | $70,863 |
| Admin Expense | $1,873 |
| Other Expense | $15,713 |
| Ending Balance | $388,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
New Garden Park Inc Worcester, MA | $35,860,729 | $21,019,526 |
Society Of St Vincent De Paul Svdp Rhode Island Cranston, RI | $2,227,449 | $2,629,698 |
Associated General Contractors Of Massachusetts Inc Wellesley, MA | $1,261,141 | $1,745,997 |
Building Trades Employers Association Of Boston & Eastern Ma Braintree, MA | $2,429,269 | $1,872,935 |
Econometric Society Inc New Haven, CT | $5,742,597 | $1,788,083 |
Norwalk Acts Inc Norwalk, CT | $998,508 | $1,624,311 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Meriden, CT | $676,278 | $1,006,213 |