Heritage Harbor Foundation
- Assets
- $7.5m
- Revenue
- $305.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- East Providence, RI
- Founding
- 02/1981
- Data as of
- 06/2022
- EIN
- 05-0384641
Organization Overview
Heritage Harbor Foundation is located in East Providence, RI. The organization was established in 1981. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Heritage Harbor Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Heritage Harbor Foundation has awarded 59 individual grants totaling $396,179. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF RHODE ISLAND'S CULUTURAL HERITAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAKING OF GRANTS TO RHODE ISLAND NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF PROMOTING ITS KNOWLEDGE OF RHODE ISLAND HISTORY AND THE IMPLEMENTATION OF INTERNAL PROJECTS CONSISTENT WITH THAT EDUCATIONAL AND CULTURAL PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Dooley Director | 0.5 | $0 | |
Lawrence C Reid Secretary | 0.5 | $0 | |
Dr D Scott Molloy Jr Vice President | 2 | $0 | |
Robert Burke Director | 0.5 | $0 | |
Russell Desimone Director And Grants Commit | 1 | $0 | |
Dr Joyce Stevos Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $218,028 |
| Capital Gain Net Income | $218,028 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,256 |
| Total Revenue | $305,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,851 |
| Pension plans, employee benefits | $0 |
| Interest | $28,313 |
| Taxes | $3,777 |
| Depreciation | $23,811 |
| Occupancy | $22,431 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $62,946 |
| Other expenses | $96,191 |
| Total operating and administrative expenses | $358,158 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $387,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,027 |
| 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 | $14,248 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,288,043 |
| Net Land, buildings, and equipment | $642,068 |
| Other assets | $3,563,324 |
| Total assets | $7,513,710 |
| Accounts payable and accrued expenses | $33,102 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $784,681 |
| Other liabilities | $1,341,327 |
| Total liabilities | $2,159,110 |
Grants Awarded
Over the last fiscal year, Heritage Harbor Foundation has awarded $29,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TOMAQUAG MUSEUM PURPOSE: MONUMENT AND MUSEUM EXHIBIT DESIGN | $8,000 |
JAPAN AMERICA SOCIETY PURPOSE: BLACK SHIPS FESTIVAL - SUPERIOR COURT JUSTICES | $4,000 |
ARMENIAN HISTORICAL ASSOC OF RI PURPOSE: GRANT SPONSORSHIP | $2,500 |
FIRST PEOPLE OF EAST BAY PURPOSE: REPRINTING OF FIRST PEOPLE OF EAST BAY | $2,500 |
Portsmouth, RI PURPOSE: BATTLE OF RI | $2,500 |
Woonsocket, RI PURPOSE: MUSEUM EXHIBIT | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Harbor Foundation has recieved totaling $437,431.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: REQUEST FROM FLEXIBLE ENDOWMENT FUND; REQUEST FROM FLEXIBLE ENDOWMENT FUND; GENERAL OPERATING | $437,431 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |
Preserve Rhode Island Providence, RI | $13,128,578 | $4,482,092 |