Shriners Of Rhode Island Charities Trust
- Assets
- $29.0m
- Revenue
- $3.8m
- Investments
- $24.5m
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 22-3191072
Organization Overview
Shriners Of Rhode Island Charities Trust is located in Cranston, RI. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shriners Of Rhode Island Charities Trust 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 12/2021, Shriners Of Rhode Island Charities Trust generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Werchadlo Treasurer | 1 | $6,138 | |
Paul Healey Secretary | 0 | $0 | |
Leon Knudsen Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,207 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,083,013 |
| Net Rental Income | $30,000 |
| Net Gain on Sale of Assets | $2,580,075 |
| Capital Gain Net Income | $2,580,075 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,848,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,138 |
| Other employee salaries and wages | $192,852 |
| Pension plans, employee benefits | $27,102 |
| Interest | $0 |
| Taxes | $46,204 |
| Depreciation | $52,078 |
| Occupancy | $145,844 |
| Travel, conferences, and meetings | $7,363 |
| Printing and publications | $0 |
| Other expenses | $240,650 |
| Total operating and administrative expenses | $737,032 |
| Contributions, gifts, grants paid | $1,254,421 |
| Total expenses and disbursements | $1,991,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,161 |
| Savings and temporary cash investments | $627,815 |
| 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 | $12,849,532 |
| Net Land, buildings, and equipment | $2,020,266 |
| Other assets | $1,365,789 |
| Total assets | $28,993,988 |
| 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, Shriners Of Rhode Island Charities Trust has awarded $1,254,421 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: CHARITABLE CONTRIBUTIONS | $1,097,264 |
SEE ATTACHED LIST PURPOSE: HOSPITAL EXPENSE | $156,386 |
SEE ATTACHED LIST PURPOSE: PATIENT TRANSPORT | $771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shriners Of Rhode Island Charities Trust has recieved totaling $3,231.
| Awarding Organization | Amount |
|---|---|
Henry P & Annie F Stone Charitable Trust Uwo 18-2089803 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Dalio Foundation Inc Westport, CT | $1,484,061,978 | $687,569,757 |
Seedlings Foundation Branford, CT | $139,526,871 | $5,281,922 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |
Hausman Family Charitable Trust Boston, MA | $21,872,992 | $4,694,416 |
George I Alden Trust Worcester, MA | $212,050,748 | $45,527,501 |
Dolphin Charitable Foundation Boston, MA | $0 | -$101,763 |
Wagner Foundation Boston, MA | $0 | $16,483,558 |
Cedar Tree Foundation Inc Boston, MA | $119,892,393 | $12,564,904 |