Woonsocket Rotary Charities Foundation Inc
- Assets
- $218.1k
- Revenue
- $21.7k
- Investments
- $211.6k
- Employees
- 0
- Location
- Woonsocket, RI
- Founding
- 07/1991
- Data as of
- 06/2024
- EIN
- 22-3115037
Organization Overview
Woonsocket Rotary Charities Foundation Inc is located in Woonsocket, RI. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woonsocket Rotary Charities Foundation Inc 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 06/2024, Woonsocket Rotary Charities Foundation Inc generated $21.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $16.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Woonsocket Rotary Charities Foundation Inc has awarded 64 individual grants totaling $105,735. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dubois President | 0 | $0 | |
David Lahousse Vice Preside | 0 | $0 | |
Aram Jarret Secretary | 0 | $0 | |
Lisa Carcifero Treasurer | 0 | $0 | |
Kathleen Shatraw Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,900 |
| Interest on Savings | $12 |
| Dividends & Interest | $6,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,046 |
| Capital Gain Net Income | $2,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $215 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $194 |
| Total operating and administrative expenses | $2,225 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $16,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,487 |
| 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 | $211,612 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $218,099 |
| 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, Woonsocket Rotary Charities Foundation Inc has awarded $14,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMON MAN FOR UKRAINE PURPOSE: GRANT | $500 |
MATT CUSSON PURPOSE: SCHOLARSHIP | $2,000 |
WOONSOCKET ROTARY CLUB PURPOSE: GRANT | $4,000 |
HELEN CHEN PURPOSE: SCHOLARSHIP | $2,000 |
ISAIAH WILLIAM FIGUEROA PURPOSE: SCHOLARSHIP | $2,000 |
ALESSANDRA CARCIFERO PURPOSE: SCHOLARSHIP | $2,000 |