Rhode Island Rescue Ministries
- Assets
- $741.7k
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Providence, RI
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 05-0503326
Organization Overview
Rhode Island Rescue Ministries is located in Providence, RI. The organization was established in 1999. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Rhode Island Rescue Ministries employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Rescue Ministries 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 06/2022, Rhode Island Rescue Ministries generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 9.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN MISSION TO THE POOR PROVIDING FOOD, SHELTER CLOTHING AND COUNSELING TO THE HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEALS AND NEEDED SUPPLIES TO HOMELESS AND IMPOVERISHED INDIVIDUALS. ALSO TO PROVIDE SELF HELP SERVICES AND MISSIONARY OPPORTUNITIES TO LOCAL YOUTHS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Carew Exec Director | Officer | 40 | $92,000 |
James Buffi Board Treas & Sec | Trustee | 2 | $0 |
Robert Kalander Board Pres | Trustee | 2 | $0 |
Joseph Hatfield Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,439,186 |
| Noncash contributions included in lines 1a–1f | $3,235,981 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,494,936 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,494,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,481,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,000 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,206 |
| Payroll taxes | $32,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,550 |
| Fees for services: Accounting | $10,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $155,271 |
| Office expenses | $15,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,283 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,938 |
| Interest | $4,246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,598 |
| Insurance | $58,192 |
| All other expenses | $0 |
| Total functional expenses | $4,510,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $649,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,651 |
| Total assets | $741,664 |
| Accounts payable and accrued expenses | $26,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,024 |
| Unsecured mortgages and notes payable | $8,442 |
| Other liabilities | $0 |
| Total liabilities | $42,339 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $699,325 |
| Total liabilities and net assets/fund balances | $741,664 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Rhode Island Rescue Ministries has recieved totaling $118,223.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: EMPLOYEE HONORARIUM; PROVIDENCE RESCUE MISSION; STORAGE CONTAINER PROJECT; COVID RELIEF; GENERAL OPERATING; GENERAL SUPPORT; COVID-19 VACCINATION INCENTIVE FUND GRANT | $76,208 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $15,850 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $10,640 |
Greater Houston Community Foundation Houston, TX PURPOSE: RELIGION | $10,000 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $3,500 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springfield Rescue Mission Inc Springfield, MA | $3,518,136 | $17,540,773 |
Ocean State Job Lot Charitable Foundation North Kingstown, RI | $5,018,116 | $7,935,020 |
Greg Hill Foundation Woburn, MA | $6,630,527 | $13,875,487 |
Caties Closet Inc Dracut, MA | $4,577,081 | $8,342,538 |
My Brothers Keeper Inc South Easton, MA | $7,204,366 | $7,147,768 |
Friendly House Inc Worcester, MA | $3,296,125 | $6,043,839 |
Rhode Island Rescue Ministries Providence, RI | $741,664 | $4,494,936 |
Survival Centers Inc North Amherst, MA | $5,185,676 | $3,479,204 |
Household Goods Inc Acton, MA | $5,119,123 | $3,641,820 |
Falmouth Service Center Inc Falmouth, MA | $6,325,276 | $3,036,715 |
Open Pantry Community Service Inc Springfield, MA | $2,755,020 | $2,428,699 |
Northampton Survival Center Inc Northampton, MA | $3,045,269 | $2,273,834 |