Rhode Island College Alumni Association
- Assets
- $615.8k
- Revenue
- $16.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/1975
- Data as of
- 06/2021
- 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.
For the year ending 06/2021, Rhode Island College Alumni Association generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (51.8%) each year. All expenses for the organization totaled $116.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RHODE ISLAND COLLEGE ALUMNI ASSOCIATION'S MISSION IS TO PROMOTE LIFELONG RELATIONSHIPS BETWEEN CURRENT AND FUTURE ALUMNI OF RHODE ISLAND COLLEGE AND STRENGTHEN COMMUNICATION AND ENGAGEMENT BETWEEN ALUMNI AND THE COLLEGE. TO CREATE AND NURTURE OPPORTUNITIES FOR PERSONAL AND FINANCIAL INVESTMENT INTO RHODE ISLAND COLLEGE'S FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMECOMING WEEKEND EVENTS SPONSORED BY THE ALUMNI ASSOCIATION ON BEHALF OF THE COLLEGE. APPROXIMATELY 21 EVENTS WERE HELD THROUGHOUT THE WEEKEND.
FINANCIAL SUPPORT ON BEHALF OF THE COLLEGE IN AN EFFORT TO PROMOTE ALUMNI INTEREST THROUGH ANNUAL REUNION EVENTS. ANNUAL AWARDS RECOGNIZED 13 HONOREES.
FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE INCLUDING NEED-BASED SCHOLARSHIPS TO STUDENTS. APPROXIMATELY 34 STUDENTS WERE AWARDED RICOCHET AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Fortunato Vice President | OfficerTrustee | 0.5 | $0 |
Hillary Lima Secretary | OfficerTrustee | 0.5 | $0 |
Michael Smith President | OfficerTrustee | 0.5 | $0 |
Corsino Delgado Acting Treasurer | OfficerTrustee | 0.5 | $0 |
Suzanna Alba Director Of Alumni Relatio | Officer | 35 | $0 |
Diane Mederos Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,684 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,811 |
| Total Program Service Revenue | $0 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,447 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,657 |
| 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 | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,392 |
| Advertising and promotion | $12,815 |
| Office expenses | $0 |
| Information technology | $10,269 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $295 |
| All other expenses | $0 |
| Total functional expenses | $116,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,807 |
| Savings and temporary cash investments | $47,629 |
| Pledges and grants receivable | $454,428 |
| 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 | $3,327 |
| Prepaid expenses and deferred charges | $591 |
| 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 | $615,782 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $615,782 |
| 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 | $615,782 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rhode Island College Alumni Association has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
The Alumni Association Of The University Of Rhode Island Kingston, RI | $7,769,978 | $4,071,674 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
University Of Rhode Island Student Senate Inc Kingston, RI | $4,843,417 | $2,359,504 |
Alumnae Association Of Mount Holyoke College Inc South Hadley, MA | $10,342,272 | $1,471,189 |
Alumnae Association Of Smith College Northampton, MA | $31,465,732 | $2,730,203 |
Association Of Marshall Scholars Inc Cambridge, MA | $3,395,554 | $1,576,149 |
University Of Massachusetts At Amherst Alumni Association Inc Amherst, MA | $6,634,706 | $1,080,061 |
Yale University New Haven, CT | $8,107,533 | $1,829,145 |
English High School Association Of Boston Dedham, MA | $991,640 | $338,037 |
Mit Sloan Boston Alumni Association Inc Boston, MA | $670,220 | $423,951 |