Rhode Islanders Sponsoring Education
- Assets
- $585.7k
- Revenue
- $496.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Providence, RI
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 06-1470525
Organization Overview
Rhode Islanders Sponsoring Education is located in Providence, RI. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Rhode Islanders Sponsoring Education 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 06/2022, Rhode Islanders Sponsoring Education generated $496.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $392.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS AND MENTORING TO CHILDREN OF CURRENTLY AND FORMERLY INCARCERATED PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 94 STUDENTS ARE INVOLVED IN THE ORGANIZATION'S PROGRAM THAT PROVIDES EDUCATIONAL OPPORTUNITIESAND MENTORING TO CHILDREN OF INCARCERATED PARENTS. THE ORGANIZATION PROVIDES TUITION ASSISTANCE ON A COMPETITIVE BASIS FOR QUALIFYING CHILDREN TO ATTEND INDEPENDENT HIGH SCHOOLS WITH A RIGOROUS ACADEMIC CURRICULUM, HIGH EXPECTATIONS AND A COMMITMENT TO CARING, COMPASSION, AND CHARACTER BUILDING, RISE ALSO PROVIDES A MENTORING PROGRAM FOR CHILDREN 7 THROUGH HIGH SCHOOL TO INCREASE ACCESS TO HEALTHY AND DEPENDABLE ADULTS, AND EXPERIENCES THAT FURTHER LEARNING AND INSPIRE HIGH SCHOOL COMPLETION AND POST SECONDARY PLANNING. RISE ALSO PROVIDES A RANGE OF LEARNING SUPPORTS AS NEEDED, AND SUPPORTS FAMILIES OF THE YOUTH AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Vigilante Founder-Board Member | Trustee | 2 | $0 |
Tricia O'neil Treasurer | OfficerTrustee | 3.5 | $0 |
Eulanda Lafrance Board Member | Trustee | 2 | $0 |
Robin Boss President | OfficerTrustee | 3.5 | $0 |
Tim Flanagan Founder- Board Member | Trustee | 2 | $0 |
Edward Wing Vice President | OfficerTrustee | 3.5 | $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 | $491,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,085 |
| Total Program Service Revenue | $0 |
| Investment income | $4,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $170,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,038 |
| Compensation of current officers, directors, key employees. | $13,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,820 |
| Payroll taxes | $4,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,509 |
| Travel | $150 |
| 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 | $5,404 |
| All other expenses | $19,143 |
| Total functional expenses | $392,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,196 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,350 |
| 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 | $2,811 |
| Net Land, buildings, and equipment | $600 |
| Investments—publicly traded securities | $266,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,256 |
| Total assets | $585,686 |
| Accounts payable and accrued expenses | $1,122 |
| Grants payable | $0 |
| Deferred revenue | $8,500 |
| 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 | $9,622 |
| Net assets without donor restrictions | $576,064 |
| 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 | $585,686 |