Oliver Hazard Perry Rhode Island Inc is located in Newport, RI. The organization was established in 2005. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Oliver Hazard Perry Rhode Island Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oliver Hazard Perry Rhode Island Inc 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 12/2021, Oliver Hazard Perry Rhode Island Inc generated $778.2k 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 (23.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. 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 ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION AND ADVENTURE AT SEA PROGRAMS TO YOUTH AND ALL AGES WHILE ADVANCING RHODE ISLAND'S RICH NAUTICAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION AND ADVENTURE AT SEA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathan Kabak Captain | Officer | 50 | $147,692 |
Sophie DE La Cour Board Member | OfficerTrustee | 1 | $0 |
Austin Becker Board Member | OfficerTrustee | 1 | $0 |
Lisa Garavanta Board Member | OfficerTrustee | 1 | $0 |
Dave Matsuda Board Member | OfficerTrustee | 1 | $0 |
John O'keefe Board Member | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
J Goodson Company Construction | 12/30/16 | $401,211 |
Persak & Wurmfeld Project Mngr | 12/30/16 | $171,696 |
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 | $416,925 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $416,925 |
Total Program Service Revenue | $191,388 |
Investment income | $0 |
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 | $778,183 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $160,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $241,411 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $34,651 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,332 |
Fees for services: Accounting | $25,870 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $72,010 |
Advertising and promotion | $2,992 |
Office expenses | $4,905 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,676 |
Travel | $3,392 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $28,528 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,565,747 |
Insurance | $161,568 |
All other expenses | $49,516 |
Total functional expenses | $2,540,567 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $38,373 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $59,250 |
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 | $9,163 |
Prepaid expenses and deferred charges | $28,657 |
Net Land, buildings, and equipment | $7,140,946 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $32,758 |
Total assets | $7,309,147 |
Accounts payable and accrued expenses | $108,898 |
Grants payable | $0 |
Deferred revenue | $41,138 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $250,000 |
Secured mortgages and notes payable | $3,655,088 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,150,260 |
Total liabilities | $5,205,384 |
Net assets without donor restrictions | $2,098,763 |
Net assets with donor restrictions | $5,000 |
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 | $7,309,147 |
Over the last fiscal year, we have identified 2 grants that Oliver Hazard Perry Rhode Island Inc has recieved totaling $531.
Awarding Organization | Amount |
---|---|
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Organization Name | Assets | Revenue |
---|---|---|
Oliver Hazard Perry Rhode Island Inc Newport, RI | $7,309,147 | $778,183 |
Greater Hartford Festival Of Jazz Hartford, CT | $9,562 | $523,528 |
Festivals In Meriden Meriden, CT | $62,425 | $440,338 |
Boston 4 Celebrations Foundation Inc Boston, MA | $3,479,513 | $3,413,713 |
Armenian Heritage Tribute And Genocide Memorial Foundation Inc Watertown, MA | $3,853,004 | $214,487 |
Gaspee Day Committee Inc Warwick, RI | $214,922 | $203,547 |
July Four Plymouth Inc Plymouth, MA | $107,201 | $0 |
Massachusetts Law Enforcement East Longmeadow, MA | $608,961 | $20,045 |
Opsail2012ct Inc New London, CT | $81,839 | $0 |
Bpw-Bcec Inc Pittsfield, MA | $14,009 | $0 |
Voices Against Injustice Inc Salem, MA | $45,479 | $0 |
Major Taylor Association Inc Worcester, MA | $54,874 | $0 |