Gilbert Stuart Memorial INC FY2022 filing

Tax-deductible

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

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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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
17 mo
of spending, in cash
Looks good: 17.0 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
$0
0% 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
$107K
-38% vs prior year
Spent
$135K
To programs
97%
Net assets
$922K
By yearFY2020–FY2024
Revenue
$107K
FY2022▼ -38%
Revenue by fiscal year
FY2020$73K
FY2021$172K
FY2022$107K
FY2023$114K
FY2024$116K
Expenses
$135K
FY2022▲ +47%
Expenses by fiscal year
FY2020$88K
FY2021$92K
FY2022$135K
FY2023$138K
FY2024$162K
Net assets
$922K
FY2022▼ -5%
Net assets by fiscal year
FY2020$849K
FY2021$972K
FY2022$922K
FY2023$922K
FY2024$898K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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% · $131K Management & general 3% · $4K

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

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 $131K of program spending, described in the organization's own filed words · FY2022.
01

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

$131Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$107K
Ln 12
Gifts and grantsLn 1h$107K
Investment incomeLn 3$21
Money outPt IX
$135K
Ln 25
Programscol B$131K
Managementcol C$4K
Owns and owesPt X
$922K
net assets · Ln 32
Cash and savingsLn 1–2$191K
Total assetsLn 16$922K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$107K
Fundraising eventsLn 1c$21K
Investment incomeLn 3$21
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$150K
SavingsLn 2$42K
Cash and savings togetherLn 1–2$191K
InvestmentsLn 11–13$181K
Land, buildings, equipmentLn 10c$546K
Total assetsLn 16$922K
LiabilitiesLn 26$0
Net assetsLn 32$922K
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 FY22End FY22
Cash and savingsLn 1–2$199K$191K
InvestmentsLn 11–13$181K
Land, buildings, equipmentLn 10c$554K$546K
Total assetsLn 16$972K$922K
LiabilitiesLn 26$0$0
Net assetsLn 32$972K$922K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$37K$37K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$9K$9K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$40K$40K
All other expensesLn 24e$427$427
Total functional expensesLn 25$135K$131K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $116K$162K−$45K$898K 990 PDF
FY2023 $114K$138K−$24K$922K 990 PDF
FY2022 Viewing $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $107,255 across 6 lines filed
VIII-1b Membership dues$23,134
VIII-1c Fundraising events$21,094
VIII-1f All other contributions, gifts and grants$63,006
VIII-1h Total contributions, gifts and grants$107,234
VIII-3 Investment incomeExcluded from tax $21$21
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21$107,255
Part IX · Statement of functional expenses $135,159 across 10 lines filed
IX-7 Other salaries and wagesPrograms $36,893$36,893
IX-10 Payroll taxesPrograms $3,191$3,191
IX-11c Accounting feesManagement $4,352$4,352
IX-11f Investment management feesPrograms $1,777$1,777
IX-12 Advertising and promotionPrograms $3,588$3,588
IX-13 Office expensesPrograms $8,792$8,792
IX-22 Depreciation, depletion and amortizationPrograms $24,128$24,128
IX-23 InsurancePrograms $11,876$11,876
IX-24 Other expenses (24a–d)Programs $40,135$40,135
IX-24e All other expensesPrograms $427$427
IX-25 Total functional expensesPrograms $130,807 · Management $4,352 · Fundraising $0$135,159
Part X · Balance sheet $921,882 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $198,724$149,527
X-2 Savings and temporary cash investments$41,546
X-8 Inventories for sale or useStart of year $5,463$3,720
X-10c Land, buildings and equipment, netStart of year $554,458$545,720
X-13 Program-related investments$181,369
X-16 Total assetsStart of year $972,400$921,882
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $758,646$740,513
X-28 Net assets with donor restrictionsStart of year $213,754$181,369
X-32 Total net assets or fund balancesStart of year $972,400$921,882
X-33 Total liabilities and net assetsStart of year $972,400$921,882
Part XI · Reconciliation of net assets $921,882 net assets at year end
XI-1 Total revenue$107,255
XI-2 Total expenses$135,159
XI-3 Revenue less expenses−$27,904
XI-4 Net assets at start of year$972,400
XI-5 Net unrealized gains (losses) on investments−$22,614
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$921,882

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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