Belmont Chapel Foundation
- Assets
- $2.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-2494229
Organization Overview
Belmont Chapel Foundation is located in Newport, RI. The organization was established in 2014. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Chapel 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 12/2022, Belmont Chapel Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $55.7k during the year ending 12/2022. 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
PRESERVATION OF THE HISTORIC BELMONT CHAPEL, INCLUDING RESTORATION AND MAINTENANCE FOR SUSTAINABILITY INTO THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED RESTORATION OF BELMONT CHAPEL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Booth Trustee | Trustee | 0.5 | $0 |
Abigail Campbell King Trustee | Trustee | 4 | $0 |
Robert Vitello Trustee | Trustee | 1 | $0 |
Harry Eudenbach President & Secretary | OfficerTrustee | 4 | $0 |
Robert Currier Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,623 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,491,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,518,073 |
| Total Program Service Revenue | $0 |
| Investment income | -$2,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$915 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,514,694 |
| 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. | $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 | $20,250 |
| Fees for services: Legal | $1,085 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,250 |
| Advertising and promotion | $4,083 |
| Office expenses | $7,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $276 |
| 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 | $439 |
| Insurance | $2,822 |
| All other expenses | $0 |
| Total functional expenses | $55,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,010,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,165,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,122 |
| Total assets | $2,209,510 |
| Accounts payable and accrued expenses | $75,248 |
| 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 | $75,248 |
| Net assets without donor restrictions | $1,219,873 |
| Net assets with donor restrictions | $914,389 |
| 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 | $2,209,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reinstitute Inc Stamford, CT | $623,987 | $2,652,566 |
Connecticut Music Educators Assn Inc Cromwell, CT | $684,786 | $660,296 |
Logos Encounter Inc Berlin, MA | $17,004 | $115,900 |
Creative Learning Exchange Acton, MA | $79,445 | $5,825 |
Belmont Chapel Foundation Newport, RI | $2,209,510 | $1,514,694 |
New Sound Concerts Inc Merrimac, MA | $15,396 | $2,010 |