The@paul F Ronci Memorial Trust Scholarship Fund
- Assets
- $320.8k
- Revenue
- $15.5k
- Investments
- $307.0k
- Employees
- 0
- Location
- Harmony, RI
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 58-6368004
Organization Overview
The@paul F Ronci Memorial Trust Scholarship Fund is located in Harmony, RI. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. The@paul F Ronci Memorial Trust Scholarship Fund 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, The@paul F Ronci Memorial Trust Scholarship Fund generated $15.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $25.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 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
DURING THE YEAR, THE TRUST RECEIVED SCHOLARSHIP APPLICATIONS FROM MANY STUDENTS. THE BOARD REVIEWED THE APPLICATIONS AND GRANTED SCHOLARSHIPS TO FIVE STUDENTS AS LISTED IN PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marylouise K Fonseca Director | 2 | $0 | |
Mandy L Fonseca Director | 1 | $0 | |
Vilma Salvatore Director | 1 | $0 | |
Donna Baribault Director | 1 | $0 | |
Rafael A Fonseca Director | 1 | $0 | |
Michael L Salvatore Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,542 |
| Capital Gain Net Income | $4,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $220 |
| Taxes | $113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,969 |
| Printing and publications | $0 |
| Other expenses | $205 |
| Total operating and administrative expenses | $12,972 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $24,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,473 |
| Savings and temporary cash investments | $1,344 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $320,818 |
| Accounts payable and accrued expenses | $1,642 |
| 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 | $1,642 |
Grants Awarded
Over the last fiscal year, The@paul F Ronci Memorial Trust Scholarship Fund has awarded $12,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ISABELLA R CALISE PURPOSE: SCHOLARSHIP | $2,500 |
ISABELLA A RUSSO PURPOSE: SCHOLARSHIP | $2,500 |
ALYSSA R SAMMATORO PURPOSE: SCHOLARSHIP | $2,500 |
MADISON A MARTINS PURPOSE: SCHOLARSHIP | $2,000 |
RILEY FAGUE PURPOSE: SCHOLARSHIP | $1,000 |
KATERINA ST ANGELO PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Dorot Foundation Providence, RI | $152,678,758 | $11,417,261 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
The Childrens Investment Fund Foundation West Hartford, CT | $147,469,388 | $4,068,315 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
Leir Foundation Inc Ridgefield, CT | $108,810,861 | $16,743,415 |