2025-02-03T17:40:20-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-07-01 056049721 RHODE ISLAND COLLEGE FOUNDATION RHOD 4014568105 600 MOUNT PLEASANT AVENUE PROVIDENCE RI 02908 MARIA VALLETTA INTERIM DIR. OF ADMIN & FINANC 4014568105 2025-02-03 1 1 DANIELLE NIHILL P01350943 7817821001 2023 2025-03-06 01:10:19Z ALAN TENREIRO 48 ALEXANDER MCGREGOR RD PAWTUCKET RI 02861 10324123 0 X WWW.RIC.EDU X 1965 RI TO RECEIVE SUPPORT RHODE ISLAND COLLEGE'S CONTINUED TRADITION OF EDUCATIONAL EXCELLENCE. 16 16 10 16 0 0 2743226 3558928 0 0 562250 714544 132559 -1969 3438035 4271503 1510788 2407956 0 0 753100 647245 0 0 345807 794797 1180937 3058685 4236138 379350 35365 43271579 48042629 1292229 563669 41979350 47478960 TO ENCOURAGE AND RECEIVE PRIVATE AND PUBLIC SUPPORT TO ENHANCE AND EXPAND RHODE ISLAND COLLEGE'S CONTINUED TRADITION OF EDUCATIONAL EXCELLENCE. THE FOUNDATION PROVIDES SUPPORT FOR SCHOLARSHIPS, FACULTY RESEARCH GRANTS, CAPITAL IMPROVEMENTS, LECTURERS AND OTHER PROGRAMS. 0 0 2511919 1849904 FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE BY PROVIDING NEED AND MERIT-BASED SCHOLARSHIPS AND AWARDS TO 459 STUDENTS AND ASSISTANCE WITH FACULTY PROGRAMMING. 468295 468295 FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE DEPARTMENT OF INTERCOLLEGIATE ATHLETIC SERVICES WITH ATHLETE FACILITY IMPROVEMENTS/MAINTENANCE, UNIFORMS AND EQUIPMENT FOR VARIOUS TEAMS, AND THE PURCHASE OF TROPHIES/AWARDS FOR ATHLETES. 89757 89757 FINANCIAL SUPPORT TO RIC TO SUPPORT STUDENT ENGAGEMENT, LECTURES, FACULTY GRANTS AND SUPPLEMENTAL COMPENSATION AND CONFERENCES. 3069971 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 85 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI X X DONNA ALMEIDA 4014562739 600 MT PLEASANT PROVIDENCE RI 02908 JOYCE STEVOS PRESIDENT 0.50 X X 0 0 0 ALAN CHILLE PAST PRESIDENT 0.50 X X 0 0 0 GARY DICENZO VICE PRESIDENT 0.50 X X 0 0 0 ALAN TENREIRO TREASURER 0.50 X X 0 0 0 KYLA PECCHIA SECRETARY 0.50 X X 0 0 0 ANN MARIE DASILVA BOARD MEMBER 0.50 X 0 0 0 RODERICK E DASILVA BOARD MEMBER 0.50 X 0 0 0 DAVID DEPETRILLO BOARD MEMBER 0.50 X 0 0 0 FREDERICK HARRISON BOARD MEMBER 0.50 X 0 0 0 THOMAS FITZGERALD BOARD MEMBER 0.50 X 0 0 0 GARY MOHAMED BOARD MEMBER 0.50 X 0 0 0 CAROL MORETTI BOARD MEMBER 0.50 X 0 0 0 EUGENE SIMONE BOARD MEMBER 0.50 X 0 0 0 BARBARA SMITH BOARD MEMBER 0.50 X 0 0 0 JOHN J SMITH JR BOARD MEMBER 0.50 X 0 0 0 GEORGIA FORTUNATO BOARD MEMBER 0.50 X 0 0 0 ERIC SHOEN EXECUTIVE DIRECTOR 35.00 X 0 0 0 DENISE DOMIN DIR OF ADM & FINANCE (THRU 1/2024) 20.00 X 92689 0 17880 92689 0 17880 1 0 0 0 0 208561 130838 3219529 3558928 978136 978136 5785919 6049511 -263592 -263592 -263592 0 208561 3109 -3109 -3109 MISCELLANEOUS INCOME 900099 1140 1140 1140 4271503 0 0 712575 2407956 2407956 110569 110569 451510 45198 259120 147192 27548 2665 16204 8679 27763 2871 15544 9348 29855 24739 5116 36977 36977 36490 36490 151853 151853 368255 229423 121449 17383 23396 13657 4193 5546 109150 63713 19563 25874 49376 49376 OTHER EXPENSES 132001 77051 23659 31291 CULTIVATION & APPEAL 95323 95323 RECEPTIONS 71941 71941 SPONSORSHIP & PROMOTION 55652 55652 50523 50468 55 4236138 3069971 820360 345807 877790 501650 1145561 1136279 40547 69372 15700 15700 15700 40153112 45108816 1079416 1170265 43271579 48042629 735497 119984 204428 125000 352304 318685 1292229 563669 X 4529830 5089718 37449520 42389242 41979350 47478960 43271579 48042629 35365 5464245 0 X X 0 1 X 1 0 X 1913047 5512569 1411670 2743226 3466396 15046908 1913047 5512569 1411670 2743226 3466396 15046908 2819354 12227554 389454 551978 520830 803696 978136 3244094 405079 267681 151038 195214 159978 1178990 19469992 0.62800 0.63820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 375,404. 2020 AMOUNT: $ 124,019. 2021 AMOUNT: $ 144,638. 2022 AMOUNT: $ 147,512. 2023 AMOUNT: $ 131,978. FUNDRAISING - 2019 AMOUNT: $ 29,675. 2020 AMOUNT: $ 143,662. 2021 AMOUNT: $ 6,400. 2022 AMOUNT: $ 47,702. 2023 AMOUNT: $ 28,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 33036319 2487416 5042719 1287318 39279136 31625389 1974721 1950154 2513945 33036319 38022671 954561 -6008003 1343843 31625386 28591646 3822094 7834890 2225959 38022671 27860602 986589 -56083 199462 28591646 0.00224 0.99776 0.00000 0 0 15700 15700 15700 DEPOSITS HELD IN CUSTODY FOR OTHERS 304135 ANNUITIES PAYABLE 14550 318685 X 9583895 5464245 5464245 4119650 151853 151853 4271503 4084285 0 4084285 151853 151853 4236138 PART III, LINE 4: THE ORGANIZATION HOLDS A COLLECTION OF VARIOUS PIECES OF ARTWORK WHICH, BASED ON THE FOUNDATION'S MISSION STATEMENT TO SOLICIT, ENCOURAGE AND RECEIVE GIFTS FROM PRIVATE SOURCES FOR THE BENEFIT OF RHODE ISLAND COLLEGE, SERVES AS A MEANS OF ENHANCING THE BEAUTY OF THE COLLEGE'S ACADEMIC BUILDINGS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS EXIST IN PERPETUITY AS A MEANS TO PROVIDE SUPPORT FOR SCHOLARSHIPS, AWARDS AND PROGRAMS BASED ON DONOR INTENT. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND $87,848 IN FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS PROVIDED UNDER THE INTERNAL REVENUE CODE (IRC), SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION REPORTS TAX-RELATED INTEREST AND PENALTIES, IF ANY, AS A COMPONENT OF INTEREST EXPENSE. GIVING DAY 199141 199141 2359 COMPOST CONFERENCE AND TRADE SHOW 9420 9420 250 500 208561 208561 250 2859 3109 -3109 1 RHODE ISLAND COLLEGE 600 MOUNT PLEASANT AVENUE PROVIDENCE RI 02908 056049721 501(C)(3) 2407956 0 FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE FOR CAPITAL IMPROVEMENTS, PURCHASE OF EQUIPMENT AND NEED AND MERIT BASED SCHOLARSHIPS TO STUDENTS AND ASSISTANCE WITH FACULTY PROGRAMMING. SCHOLARSHIPS WERE AWARDED DURING THE REPORTING PERIOD TO 459 RHODE ISLAND COLLEGE STUDENTS. 1 PART I, LINE 2: APPLICATIONS OUTLINING THE CRITERIA FOR GRANTS AND ASSISTANCE ARE REVIEWED BY THE ORGANIZATION. STUDENT INFORMATION IS VERIFIED BY THE OFFICE OF STUDENT FINANCIAL AID. SELECTION CHOICES AND AMOUNTS ARE FORWARDED TO THE OFFICE OF FINANCIAL AID AND POSTED TO THE STUDENT'S FINANCIAL ACCOUNT. APPLICATIONS ARE MAINTAINED ACCORDING TO THE ORGANIZATION'S RECORD RETENTION POLICY. FORM 990, PART VI, SECTION A, LINE 1A PRESIDENT, VICE PRESIDENT, SECRETARY, TREASURER AND PAST-PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND INVESTMENT COMMITTEES FOR THE RHODE ISLAND COLLEGE FOUNDATION BOARD OF DIRECTORS ARE CHARGED WITH REVIEWING THE FORM 990 AND REPORTING ITS FINDINGS TO THE FULL BOARD AT THE NEXT SCHEDULED BOARD MEETING. THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO COMPLETE AND SIGN AN AGREEMENT ACKNOWLEDGING THAT IN THE EVENT THAT ANY AND ALL CONFLICT(S) OF INTEREST EXIST, BOARD MEMBERS MUST DECLARE THE CONFLICT OF INTEREST AND IF A CONFLICT IS NOTED THE BOARD MEMBER MUST ABSTAIN FROM ANY VOTE WHERE A CONFLICT EXISTS. THIS PROCESS TAKES PLACE ANNUALLY AND IS MONITORED BT THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE COLLEGE. THE FOUNDATION, THROUGH THE BUDGET PROCESS, HAS AGREED TO PAY A PORTION OF THEIR SALARY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNANCE STRUCTURE, AUDITED FINANCIAL STATEMENTS, FORM 990S AND ANNUAL REPORTS ARE AVAILABLE FOR VIEWING VIA THE FOUNDATION'S WEBSITE. PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE HIRING OF AUDITORS AND OVERSIGHT OF THE ANNUAL AUDIT OF FINANCIAL STATEMENTS. RHODE ISLAND COLLEGE 600 MT PLEASANT AVENUE PROVIDENCE RI 02908 056049721 PUBLIC COLLEGE RI 501(C)(3) LINE 6 0 RHODE ISLAND COLLEGE ALUMNI ASSOCIATION 600 MT PLEASANT AVENUE PROVIDENCE RI 02908 056051361 SUPPORT OF PROGRAMS AND STUDENTS OF RHODE ISLAND COLLEGE RI 501(C)(3) LINE 5 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 RHODE ISLAND COLLEGE P 3179398 ACTUAL EXPENSE RHODE ISLAND COLLEGE ALUMNI ASSOCIATION B 125000 ACTUAL EXPENSE RHODE ISLAND COLLEGE B 130838 ACTUAL EXPENSE