Harborone Foundation Of Rhode Island
- Assets
- $1.7m
- Revenue
- $95.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 46-3904605
Organization Overview
Harborone Foundation Of Rhode Island is located in Brockton, MA. The organization was established in 2015. 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. Harborone Foundation Of Rhode Island 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 12/2022, Harborone Foundation Of Rhode Island generated $95.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $427.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harborone Foundation Of Rhode Island has awarded 533 individual grants totaling $1,583,225. 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 |
|---|---|---|---|
William A White President | 1 | $0 | |
Phillip Kydd Vice President, & Community Rep. | 1 | $0 | |
Maureen Wilkinson Treasurer/director | 6 | $0 | |
Jennifer L White Secretary/director | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,745 |
| Interest on Savings | $2,754 |
| Dividends & Interest | $35,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,743 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,402 |
| Total Revenue | $95,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,024 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,470 |
| Total operating and administrative expenses | $90,711 |
| Contributions, gifts, grants paid | $337,000 |
| Total expenses and disbursements | $427,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,740 |
| Savings and temporary cash investments | $381,487 |
| 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 | $12,402 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,701,050 |
| 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, Harborone Foundation Of Rhode Island has awarded $337,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBS OF PROVIDENCE PURPOSE: FOOD SECURITY | $5,000 |
UNIVERSITY OF RHODE ISLAND FOUNDATION & ALUMNI ENGAGEMENT PURPOSE: UNIVERSITY OF RHODE ISLANDS TALENT DEVELOPMENT PROGRAM | $50,000 |
BOYS AND GIRLS CLUB OF NEWPORT COUNTY PURPOSE: GENERAL OPERATING SUPPORT FOR PROGRAMS IN NEWPORT AND WASHINGTON COUNTIES | $2,500 |
DAY ONE PURPOSE: BASIC NEEDS SUPPORT FOR VICTIMS OF SEXUAL VIOLENCE | $2,500 |
THE PROVIDENCE CENTER INC PURPOSE: CHILD AND FAMILY FACILITY TELEHEALTH INFRASTRUCTURE UPGRADE | $5,000 |
OLNEYVILLE HOUSING CORP PURPOSE: AMPLIFYING ONE|NB CONNECTS | $20,000 |