Rhode Island College Alumni Association
- Assets
- $455.7k
- Revenue
- -$25.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/1975
- Data as of
- 06/2023
- EIN
- 05-6051361
Organization Overview
Rhode Island College Alumni Association is located in Providence, RI. The organization was established in 1975. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Rhode Island College Alumni Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RELATIONSHIPS BETWEEN CURRENT AND FUTURE ALUMNI OF RHODE ISLAND COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE INCLUDING NEED-BASED SCHOLARSHIPS TO STUDENTS. APPROXIMATELY 15 STUDENTS WERE AWARDED RICOCHET AWARDS.
THE ALUMNI AWARDS ARE PRESENTED ANNUALLY TO GRADUATES AND COMMUNITY LEADERS WHO BRING HONOR UPON THEMSELVES AND THE COLLEGE. THEIR PERSONAL AND PROFESSIONAL ACHIEVEMENTS AND SERVICE AID THE COMMUNITY, RHODE ISLAND COLLEGE AND/OR THE ALUMNI ASSOCIATION.
HOMECOMING FAMILY WEEKEND EVENT SPONSORED BY THE ALUMNI ASSOCIATION ON BEHALF OF THE COLLEGE. ACTIVITIES FOR FAMILIES WITH CHILDREN OF ALL AGES WERE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Fortunato President | OfficerTrustee | 0.5 | $0 |
Hillary Lima Vice President | OfficerTrustee | 0.5 | $0 |
Kevin San Treasurer | OfficerTrustee | 0.5 | $0 |
Pamela Ryan Secretary | OfficerTrustee | 0.5 | $0 |
Colleen Callahan Board Member | Trustee | 0.5 | $0 |
Danny Smith Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,676 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,479 |
| Total Program Service Revenue | $0 |
| Investment income | $239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$52,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$25,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,977 |
| Advertising and promotion | $1,191 |
| Office expenses | $5,618 |
| Information technology | $124 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40 |
| 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 | $295 |
| All other expenses | $0 |
| Total functional expenses | $147,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,483 |
| Savings and temporary cash investments | $47,949 |
| Pledges and grants receivable | $204,428 |
| 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 | $886 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $455,746 |
| Accounts payable and accrued expenses | $15,672 |
| 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 | $15,672 |
| Net assets without donor restrictions | $440,074 |
| Net assets with donor restrictions | $0 |
| 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 | $455,746 |