Gilbert Stuart Memorial INC

Tax-deductible

Saunderstown, RI501(c)(3)EIN 05-0262720

Provide educational tours for the public & for area schools.to make the memorial available to the public for education,enjoyment,and understanding the historical significance of the memorial.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 25 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $6K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$540
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116K
+2% vs prior year
Spent
$162K
To programs
97%
Net assets
$898K
By yearFY2020–FY2024
Revenue
$116K
FY2024▲ +2%
Revenue by fiscal year
FY2020$73K
FY2021$172K
FY2022$107K
FY2023$114K
FY2024$116K
Expenses
$162K
FY2024▲ +17%
Expenses by fiscal year
FY2020$88K
FY2021$92K
FY2022$135K
FY2023$138K
FY2024$162K
Net assets
$898K
FY2024▼ -3%
Net assets by fiscal year
FY2020$849K
FY2021$972K
FY2022$922K
FY2023$922K
FY2024$898K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1952.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $156K Management & general 3% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Gilbert Stuart Memorial INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers educational tours and public access to a historical memorial.

Provided by the organization

This section is blank until Gilbert Stuart Memorial INC claims this page.

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1 program service account for $156K of program spending, described in the organization's own filed words · FY2024.
01

Docents provide educational tours for the public and school children. Support comes from local citizens,fundraising activities, and foundations who make voluntary contributions and grants. These expenses are neccessary to keep the buildings in a safe condition and available to the public for education, enjoyment, and understanding the…

$156Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Gifts and grantsLn 1h$116K
Investment incomeLn 3$21
Money outPt IX
$162K
Ln 25
Programscol B$156K
Managementcol C$6K
Owns and owesPt X
$898K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$898K
LiabilitiesLn 26$540
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Fundraising eventsLn 1c$15K
Investment incomeLn 3$21
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$42K
Cash and savings togetherLn 1–2$136K
InvestmentsLn 11–13$206K
Land, buildings, equipmentLn 10c$543K
Total assetsLn 16$898K
LiabilitiesLn 26$540
Net assetsLn 32$898K
OperationsPt I, VI
EmployeesI 52
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$151K$136K
InvestmentsLn 11–13$196K$206K
Land, buildings, equipmentLn 10c$564K$543K
Total assetsLn 16$923K$898K
LiabilitiesLn 26$191$540
Net assetsLn 32$922K$898K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$42K$42K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$162K$156K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $116K$162K−$45K$898K 990 PDF
FY2023 $114K$138K−$24K$922K 990 PDF
FY2022 $107K$135K−$28K$922K 990 PDF
FY2021 $172K$92K$80K$972K 990 PDF
FY2020 $73K$88K−$14K$849K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $116,452 across 7 lines filed
VIII-1b Membership dues$18,615
VIII-1c Fundraising events$15,245
VIII-1f All other contributions, gifts and grants$82,571
VIII-1h Total contributions, gifts and grants$116,431
VIII-3 Investment incomeExcluded from tax $21$21
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21$116,452
Part IX · Statement of functional expenses $161,615 across 10 lines filed
IX-7 Other salaries and wagesPrograms $42,007$42,007
IX-10 Payroll taxesPrograms $3,606$3,606
IX-11c Accounting feesManagement $5,595$5,595
IX-11f Investment management feesPrograms $1,938$1,938
IX-12 Advertising and promotionPrograms $4,118$4,118
IX-13 Office expensesPrograms $6,662$6,662
IX-22 Depreciation, depletion and amortizationPrograms $25,443$25,443
IX-23 InsurancePrograms $13,881$13,881
IX-24 Other expenses (24a–d)Programs $57,272$57,272
IX-24e All other expensesPrograms $1,093$1,093
IX-25 Total functional expensesPrograms $156,020 · Management $5,595 · Fundraising $0$161,615
Part X · Balance sheet $898,391 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $109,713$94,637
X-2 Savings and temporary cash investmentsStart of year $41,566$41,587
X-8 Inventories for sale or useStart of year $11,595$13,001
X-10c Land, buildings and equipment, netStart of year $563,589$542,755
X-13 Program-related investmentsStart of year $196,135$206,411
X-16 Total assetsStart of year $922,598$898,391
X-17 Accounts payable and accrued expensesStart of year $191$540
X-26 Total liabilitiesStart of year $191$540
X-27 Net assets without donor restrictionsStart of year $726,272$691,441
X-28 Net assets with donor restrictionsStart of year $196,135$206,410
X-32 Total net assets or fund balancesStart of year $922,407$897,851
X-33 Total liabilities and net assetsStart of year $922,598$898,391
Part XI · Reconciliation of net assets $897,851 net assets at year end
XI-1 Total revenue$116,452
XI-2 Total expenses$161,615
XI-3 Revenue less expenses−$45,163
XI-4 Net assets at start of year$922,407
XI-5 Net unrealized gains (losses) on investments$20,607
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$897,851

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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