Rhode Island Bankers Association Foundation
- Assets
- $88.3k
- Revenue
- $92.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- Data as of
- 09/2023
- EIN
- 92-1828674
Organization Overview
Rhode Island Bankers Association Foundation is located in Providence, RI. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Bankers Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING CAREERS IN THE BANKING INDUSTRY FOR UNDERSERVED AND URBAN COMMUNITIES WITH EMPHASIS ON COMMUNITIES OF COLOR THROUGH OUTREACH AND EDUCATIONAL PROGRAMS TO PROMOTE WORKFORCE DIVERSITY. COMMUNITIES OF COLOR HAVE BEEN HISTORICALLY UNDER REPRESENTED IN THE BANKING INDUSTRY, AND THE FOUNDATION HOPES TO CHANGE THIS THROUGH ITS EDUCATIONAL AND OUTREACH PROGRAMS BY EXPOSING INDIVIDUALS TO POTENTIAL BANKING CAREERS WHO MAY NOT HAVE BEEN OTHERWISE EXPOSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith D Kelly President/director | 1 | $0 | |
Frank Casale Vice President/secretary/director | 1 | $0 | |
Cristina Feden Treasurer/director | 1 | $0 | |
Vanessa Toledo Director | 1 | $0 | |
Paola Fernandez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,550 |
| Interest on Savings | $0 |
| 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 | $0 |
| Total Revenue | $92,550 |
| 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 | $0 |
| Other expenses | $15,404 |
| Total operating and administrative expenses | $19,404 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,288 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $88,288 |
| Accounts payable and accrued expenses | $15,142 |
| 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 | $15,142 |