Rhode Island Boy Scouts: Nonprofit Profile, Financials & Form 990 (EIN 05-6001678)

Revenue by fiscal year
FY2020	$931K
FY2021	$1.9M
FY2022	$197K
FY2023	$1.1M
FY2024	$2.6M

Expenses by fiscal year
FY2020	$755K
FY2021	$345K
FY2022	$1.1M
FY2023	$1.3M
FY2024	$1.1M

Net assets by fiscal year
FY2020	$14.1M
FY2021	$16.1M
FY2022	$13.1M
FY2023	$13.7M
FY2024	$15.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1965.

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

Where the money goes

73 cents of each dollar spent went to programs.

73%

27%

Program services 73% · $809K Management & general 27% · $302K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation

Andrew M Erickson

Member, Former President

$0Pt VII · Sec A

Dana H Gaebe

Ribs, Legal Counsel

$0Pt VII · Sec A

Tim McCandless

Secretary

$0Pt VII · Sec A

Eric a Jaikes

Legal Counsel, Ma

$0Pt VII · Sec A

Herbert W Cummings

Member

$0Pt VII · Sec A

Joseph P Gencarella

Asst Treasurer/Member

$0Pt VII · Sec A

Jules a Cohen

Member

$0Pt VII · Sec A

Jonathan K Farnum

Member

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Supports Scouting programs to build character, citizenship, leadership, and life skills in youth.

Provided by the organization

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2 program services account for $784K of program spending, described in the organization's own filed words · FY2024.

01

Ribs provides general operating support for scouting programs in the territory of the narragansett council that build character, citizenship, leadership and life skills in youth.

$704Kprogram expense

02

Ribs maintains camps and properties that it leases to the narragansett council to be used to support scouting programs in the territory of the narragansett council.

$80Kprogram 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 · received and paid

Grants received · FY2025

Res Trust Uw George Bucklin 1201 &-1FY2025$172K

Vera J Clark Irrevocable TrustFY2025$26K

Avice Borda TrFY2025$19K

Total grants receivedfrom 3 funders$217K

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Grants paid · 11 grants · $3.1M · 2020–2024

546 Narragansett CouncilRI · FY2024$784,000

Richmond Troop 1 Boy Scouts of AmericaFY2024$24,000

546 Narragansett CouncilRI · FY2023$888,000

Richmond Troop 1 Boy Scouts of AmericaFY2023$24,000

546 Narragansett CouncilRI · FY2022$708,000

Richmond Troop 1 Boy Scouts of AmericaFY2022$24,000

546 Narragansett CouncilRI · FY2021$78,000

Richmond Troop 1 Boy Scouts of AmericaFY2021$5,262

546 Narragansett CouncilRI · FY2020$508,800

Richmond Troop 1 Boy Scouts of AmericaFY2020$24,383

Kingston Troop 1 Boy Scouts of AmericaFY2020$750

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.6M

Ln 12

Investment incomeLn 3$2.3M

Gifts and grantsLn 1h$300K

Other incomeLn 4–11$80K

Money outPt IX

$1.1M

Ln 25

Programscol B$809K

Managementcol C$302K

Owns and owesPt X

$15.9M

net assets · Ln 32

Cash and savingsLn 1–2$25K

Total assetsLn 16$15.9M

LiabilitiesLn 26$13K

PeoplePt VI, VII

18

listed · VII A

PaidVII A0

Voting boardVI 1a18

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$300K

Investment incomeLn 3$2.3M

Other incomeLn 4–11$80K

Gains on assetsLn 7$2.1M

Total revenueLn 12$2.6M

Assets in detailPt X, end of year

CashLn 1$25K

Cash and savings togetherLn 1–2$25K

InvestmentsLn 11–13$10.5M

Land, buildings, equipmentLn 10c$3.9M

Other assetsLn 15$1.3M

Total assetsLn 16$15.9M

LiabilitiesLn 26$13K

Net assetsLn 32$15.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$76K	$25K
InvestmentsLn 11–13	$7.8M	$10.5M
Land, buildings, equipmentLn 10c	$4.3M	$3.9M
Total assetsLn 16	$13.7M	$15.9M
LiabilitiesLn 26	$7K	$13K
Net assetsLn 32	$13.7M	$15.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$809K	$809K
Management feesLn 11a	$80K		$80K
Accounting feesLn 11c	$25K		$25K
Investment management feesLn 11f	$37K		$37K
Office expensesLn 13	$76K		$76K
InsuranceLn 23	$85K		$85K
Total functional expensesLn 25	$1.1M	$809K	$302K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$2.6M	$1.1M	$1.5M	$15.9M	990 PDF
FY2023	$1.1M	$1.3M	−$173K	$13.7M	990 PDF
FY2022	$197K	$1.1M	−$892K	$13.1M	990 PDF
FY2021	$1.9M	$345K	$1.6M	$16.1M	990 PDF
FY2020	$931K	$755K	$176K	$14.1M	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 $2,631,604 across 6 lines filed

VIII-1f All other contributions, gifts and grants$300,084

VIII-1h Total contributions, gifts and grants$300,084

VIII-3 Investment incomeExcluded from tax $144,636$144,636

VIII-6 Net rental income or lossExcluded from tax $80,000$80,000

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,106,884$2,106,884

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,331,520$2,631,604

Part IX · Statement of functional expenses $1,110,957 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $808,750$808,750

IX-11a Management feesManagement $80,000$80,000

IX-11c Accounting feesManagement $24,650$24,650

IX-11f Investment management feesManagement $36,590$36,590

IX-13 Office expensesManagement $75,738$75,738

IX-23 InsuranceManagement $85,229$85,229

IX-25 Total functional expensesPrograms $808,750 · Management $302,207 · Fundraising $0$1,110,957

Part X · Balance sheet $15,932,466 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $76,120$25,360

X-3 Pledges and grants receivableStart of year $176,852$163,086

X-4 Accounts receivableStart of year $11,848$5,095

X-10c Land, buildings and equipment, netStart of year $4,327,750$3,893,941

X-11 Publicly traded securitiesStart of year $7,419,867$9,965,613

X-12 Other securitiesStart of year $408,793$529,815

X-15 Other assetsStart of year $1,279,386$1,349,556

X-16 Total assetsStart of year $13,700,616$15,932,466

X-17 Accounts payable and accrued expensesStart of year $6,617$13,008

X-26 Total liabilitiesStart of year $6,617$13,008

X-27 Net assets without donor restrictionsStart of year $8,100,559$10,031,767

X-28 Net assets with donor restrictionsStart of year $5,593,440$5,887,691

X-32 Total net assets or fund balancesStart of year $13,693,999$15,919,458

X-33 Total liabilities and net assetsStart of year $13,700,616$15,932,466

Part XI · Reconciliation of net assets $15,919,458 net assets at year end

XI-1 Total revenue$2,631,604

XI-2 Total expenses$1,110,957

XI-3 Revenue less expenses$1,520,647

XI-4 Net assets at start of year$13,693,999

XI-5 Net unrealized gains (losses) on investments$610,362

XI-9 Other changes in net assets$94,450

XI-10 Net assets at end of year$15,919,458

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

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Rhode Island Boy Scouts

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV