Riiahf
- Assets
- $132.7k
- Revenue
- $191.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 03/2019
- Data as of
- 03/2024
- EIN
- 83-0555903
Organization Overview
Riiahf is located in Warwick, RI. The organization was established in 2019. 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. Riiahf 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 03/2024, Riiahf generated $191.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $120.9k during the year ending 03/2024. While expenses have increased by 27.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Riiahf has awarded 34 individual grants totaling $102,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED ON SEPTEMBER 27, 2023 AT AN EVENT AT THE PROVIDENCE PERFORMING ARTS CENTER TO 14 RHODE ISLAND COLLEGE-BOUND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Palmisciano Director | 0 | $0 | |
Edward Pascarella Director | 0 | $0 | |
Joseph Rocco Director & P | 0 | $0 | |
Angelo Rotella Director | 0 | $0 | |
Jina Petrarca Director | 0 | $0 | |
Michael Integlia Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,301 |
| Interest on Savings | $2,361 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122,945 |
| Total Revenue | $191,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $5,583 |
| Other expenses | $73,273 |
| Total operating and administrative expenses | $78,856 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $120,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,089 |
| 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 | $10 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $81,628 |
| Total assets | $132,727 |
| 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 |
Grants Awarded
Over the last fiscal year, Riiahf has awarded $42,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
JOSHUA CALVINO PURPOSE: EDUCATION | $3,000 |
NATALINA SHARPE PURPOSE: EDUCATION | $3,000 |
JACK SPINELLA PURPOSE: EDUCATION | $3,000 |
TAJ WHEBE PURPOSE: EDUCATION | $3,000 |
NOAH RAMM PURPOSE: EDUCATION | $3,000 |
JONAH COHEN PURPOSE: EDUCATION | $3,000 |