Rose Nulman Park Foundation
- Assets
- $3.4m
- Revenue
- $11.2k
- Investments
- $306.9k
- Employees
- 0
- Location
- Narragansett, RI
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-5055687
Organization Overview
Rose Nulman Park Foundation is located in Narragansett, RI. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Rose Nulman Park Foundation 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, Rose Nulman Park Foundation generated $11.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $19.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED SOLELY TO PRESERVE AND MAINTAIN THE REAL PROPERTY LOCATED AT 1460 OCEAN ROAD, NARRAGANSETT, RHODE ISLAND, A PARK THAT IS OPEN AND FREE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Nulman Trustee | 0 | $0 | |
Carol Nulman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,076 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115 |
| Capital Gain Net Income | $115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,135 |
| Total operating and administrative expenses | $19,039 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,467 |
| Savings and temporary cash investments | $0 |
| 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 | $306,856 |
| Net Land, buildings, and equipment | $3,041,000 |
| Other assets | $0 |
| Total assets | $3,446,323 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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