Rhode Island Building Industry Scholarship Fund
- Assets
- $111.1k
- Revenue
- $20.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, RI
- Founding
- 09/1978
- Data as of
- 12/2023
- EIN
- 05-0375250
Organization Overview
Rhode Island Building Industry Scholarship Fund is located in Lincoln, RI. The organization was established in 1978. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Building Industry 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 12/2023, Rhode Island Building Industry Scholarship Fund generated $20.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $9.1k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophia Karvunis Director | 2 | $0 | |
Maureen Myette Treasurer | 2 | $0 | |
Stephen Cardi Jr Director | 2 | $0 | |
Robert Leach Director | 2 | $0 | |
Maria Smith Director | 2 | $0 | |
Lawrence Brillion Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,712 |
| Total Revenue | $20,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,760 |
| Total operating and administrative expenses | $2,644 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $9,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,586 |
| Savings and temporary cash investments | $109,529 |
| 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 | $111,115 |
| 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, Rhode Island Building Industry Scholarship Fund has awarded $6,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW PICCOLO PURPOSE: EDUCATION/TUITION | $2,500 |
JAMES NICOLL PURPOSE: EDUCATION/TUITION | $2,000 |
PATRICK BRYAN PURPOSE: EDUCATION/TUITION | $2,000 |