Belmont Chapel Foundation
- Assets
- $675.3k
- Revenue
- $689.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2494229
Organization Overview
Belmont Chapel Foundation is located in Newport, RI. The organization was established in 2014. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, 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. Belmont Chapel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PRESERVE THE BELMONT CHAPEL,RESTORE THE CHAPEL MAKING IT USABLE TODAY, AND SUSTAINING THE CHAPEL FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED RESTORATION OF BELMONT CHAPEL, APPLIED FOR GRANT FROM ALLETTA MORRIS MCBEAN CHARITABLE TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Currier Officer | Officer | $0 | |
Harry J Eudenbach President | Officer | $0 | |
Loise Mccormick Officer | Officer | $0 | |
Peter Booth Officer | Officer | $0 | |
Abigail Campbell-King Individual T | Trustee | $0 | |
Robert Vitello Individual T | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $688,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,587 |
| Total Program Service Revenue | $0 |
| Investment income | $973 |
| 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 | $689,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73 |
| Fees for services: Accounting | $8,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,800 |
| Advertising and promotion | $1,037 |
| Office expenses | $890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,950 |
| All other expenses | $0 |
| Total functional expenses | $16,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,850 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $296,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,316 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $675,316 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $675,316 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Belmont Chapel Foundation has recieved totaling $630,000.
| Awarding Organization | Amount |
|---|---|
Alletta Morris Mcbean Charitable Trust La Quinta, CA PURPOSE: RESTORATION OF THE CHAPEL | $600,000 |
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: BELMONT CHAPEL RESTORATION/CAPACITY GRANT | $20,000 |
Loebs Family Foundation Boston, MA PURPOSE: RESTORATION OF HISTORIC | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reinstitute Inc Stamford, CT | $1,122,632 | $2,425,415 |
Connecticut Music Educators Assn Inc Cromwell, CT | $684,786 | $660,296 |
Logos Eencounter Inc Berlin, MA | $19,969 | $133,665 |
Creative Learning Exchange Acton, MA | $156,266 | $6,593 |
Belmont Chapel Foundation Newport, RI | $675,316 | $689,560 |
New Sound Concerts Inc Merrimac, MA | $45,131 | $4,894 |