The Pawtucket Foundation EIN 05-0511879 Form 990 (PDF) Claim this org

The Pawtucket Foundation

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Improves Pawtucket and Central Falls lives by developing private sector economic development programs. For fiscal year 2025 it reported $192K in revenue, $204K in expenses, and $301K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Pawtucket, RI
Website
pawtucketfoundation.org
Filings
6 on file (2020–2025)
Revenue
$192KFY2025
Expenses
$204K
Net assets
$301K
People
18
Filings
6
Updates
0
More identity details & actions ⌄
EIN  05-0511879 Public charity (501(c)(3)) Pawtucket, RI
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves Pawtucket and Central Falls lives by developing private sector economic development programs.
Leadership
Gaetan Kashala · Executive Di · $108K
Money in and out
$192K revenue, $204K expenses
Bottom line
65% program efficiency
Where the money goes · FY2025
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$301K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$12K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.17 Fundraising $0.18
Program efficiency
65%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
16.4mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -322% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$192K
FY2025▼ -22%
Expenses
$204K
FY2025▼ -14%
Total assets
$302K
FY2025▼ -2%
Total liabilities
$676
FY2025▼ -89%
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$301K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$12K
Total assetsPt X · Ln 16$302K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Pawtucket Foundation
EINHdr · item D05-0511879
Principal addressHdr · item CPawtucket, RI
WebsiteHdr · item Jpawtucketfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFAug 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$108,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chariman
$0Pt VII · Sec A

Gaetan Kashala’s $108K as Executive Di is at the 77th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Gaetan Kashala$108,000$19,225
Jan a Brodie$88,000$84,800$107,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Hosted pawtucket proud day, an annual corporate volunteer outing. 43 businesses contributed volunteers AND/OR in-kind donations to landscape, clean up or paint sven dey sites around pawtucket and central falls.

Pt IX · col B
02

The foundation creates, develops and implements programs and resources designed to mobilize the private and non-profit sector along with local government in economic development.

Pt IX · col B
03

The foundation sponsored an annual dinner to recognize outstanding individual(s) who have advanced the ideals of civic entrepreneurship advocated and advanced by the foundation

Pt IX · col B

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Statement of Revenue

Part VIII
Other revenue$97K · 50%
Program service revenue$94K · 49%
Contributions & grants$1K · 1%
Other revenue50%$97K
Program service revenue49%$94K
Contributions & grants1%$1K
Investment income$32
Total revenueLn 12$192K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.17 Fundraising $0.18
Program services65%$133K
Management & general17%$35K
Fundraising18%$36K
Total functional expensesLn 25$204K

Balance Sheet

Part X · end of year
CashLn 1$121K
Total assetsLn 16$302K
Total liabilitiesLn 26$676
Total net assetsLn 32$301K
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $279K · Operating expenses/yr $204K
16.4 months
Where the money goes
Program services
Program services $133K · Total expenses $204K
65%
Management & General
Management & general $35K · Total expenses $204K
17%
Fundraising
Fundraising $36K · Total expenses $204K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $80K
$0.37 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $192K
0.6%
Government reliance
Government grants — · Total revenue $192K
Earned-income share
Program service revenue $94K · Total revenue $192K
49%
Investment reliance
Investment income $32 · Total revenue $192K
+0.02%
Program self-sufficiency
Program service revenue $94K · Total expenses $204K
46%
Growth & trend
Revenue growth (YoY)
This year $192K · Prior year $245K
-22%
Revenue CAGR
FY2019 $150K · FY2024 $192K
+5%
Net-asset trend (YoY)
End of year $301K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $192K · Expenses $204K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $302K
Net-asset ratio
Net assets $301K · Total assets $302K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $158K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $302K
52%
People & payroll
Highest Reported Total Compensation
Individual Gaetan Kashala · Reported title EXECUTIVE DI · Highest reported compensation $108K · Total expenses $204K
53%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $125K · Total expenses $204K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 17%
Fundraising cost ratio ×30
Revenue growth -22%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$20K
Grants paid · 19 grants · $306K · 2022–2022
Stanford Designbuild LLCFY2022$50,000
Izzo ElectricFY2022$37,000
Stafford Designbuilding LLCFY2022$25,000
Stafford Designbuild LLCFY2022$25,000
Izzo ElectricFY2022$25,000
Jacavone Garden CenterFY2022$23,175
The Pawtucket FoundationFY2022$12,500
Izzo ElectricFY2022$10,000
Rhode Island SpiritsFY2022$10,000
White Dog DistillingFY2022$10,000
Culture ShockFY2022$10,000
Zabinski MusicFY2022$9,691
Pawtucket Film Festival INCRI · FY2022$9,537
The GuildFY2022$9,409
Empowerment FactoryRI · FY2022$9,250
The Pawtucket FoundationFY2022$9,200
10 RocksFY2022$8,230
Crooked Current BreweryFY2022$7,474
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$192K revenue · viewing · ⤓ 990 PDF
FY2024$245K revenue · ⤓ 990 PDF
FY2023$518K revenue · ⤓ 990 PDF
FY2022$435K revenue · ⤓ 990 PDF
FY2021$601K revenue · ⤓ 990 PDF
FY2020$150K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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