Long Wharf & Public Schools Trustees
- Assets
- $424.9k
- Revenue
- $889.0
- Investments
- $422.3k
- Employees
- 0
- Location
- Newport, RI
- Founding
- 05/1916
- Data as of
- 12/2022
- EIN
- 05-6016284
Organization Overview
Long Wharf & Public Schools Trustees is located in Newport, RI. The organization was established in 1916. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Wharf & Public Schools Trustees 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, Long Wharf & Public Schools Trustees generated $889.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.4%) each year. All expenses for the organization totaled $68.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Long Wharf & Public Schools Trustees has awarded 43 individual grants totaling $379,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Fater Board Member | 0.2 | $0 | |
David Goodburn Board Member | 0.2 | $0 | |
Miguel Lopes Board Member | 0.2 | $0 | |
Guy Weston Board Member | 0.2 | $0 | |
Alan Bardsley Board Member | 0.2 | $0 | |
Harry Mrozowski Board Member | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,459 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,558 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$1,163 |
| Total operating and administrative expenses | $12,346 |
| Contributions, gifts, grants paid | $56,500 |
| Total expenses and disbursements | $68,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,536 |
| 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 | $8,847 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $424,877 |
| 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, Long Wharf & Public Schools Trustees has awarded $56,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEWPORT ART MUSEUM PURPOSE: CHILDREN PROGRAMS | $3,500 |
NEWPORT BOYS AND GIRLS CLUB PURPOSE: SUMMER CAMPERSHIPS | $4,000 |
NEWPORT COUNTY YMCA PURPOSE: CAMPERSHIPS | $3,000 |
ROGERS HIGH SCHOOL PURPOSE: COLLEGE SCHOLARSHIPS | $40,000 |
STAR KIDS SCHOLARSHIP PROGRAM PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
NEWPORT PUBLIC LIBRARY PURPOSE: OPERATIONS | $3,000 |