Richard Waterman Tr Uw
- Assets
- $1.5m
- Revenue
- $103.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 06/1972
- Data as of
- 12/2022
- EIN
- 05-6040728
Organization Overview
Richard Waterman Tr Uw is located in Cranston, RI. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Richard Waterman Tr Uw 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, Richard Waterman Tr Uw generated $103.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $126.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard Waterman Tr Uw has awarded 16 individual grants totaling $733,250. 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 |
|---|---|---|---|
Walter D Waterman III Principal Manager | 2 | $23,000 | |
Holden T Waterman Trustee | 1 | $16,000 | |
Priscilla Waterman Pavel Trustee | 1 | $16,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $101 |
| Dividends & Interest | $77,336 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,158 |
| Capital Gain Net Income | $26,158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,595 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158 |
| Total operating and administrative expenses | $57,558 |
| Contributions, gifts, grants paid | $69,000 |
| Total expenses and disbursements | $126,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,257 |
| 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 | $316,125 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,508,929 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $100,000 |
Grants Awarded
Over the last fiscal year, Richard Waterman Tr Uw has awarded $69,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT VERNON BAPTIST CHURCH PURPOSE: OPERATING EXPENSES | $9,000 |
MOUNT VERNON LARGER PARISH PURPOSE: PASTORAL SUPPORT | $60,000 |