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Prudence Conservancy

Tax-deductible

Prudence Isl, RI501(c)(3)Environment EIN 22-2881005Revenue $83K in FY2024Latest return filed Apr 26, 2025

On file with the IRSPrudence Isl, RITax-exempt since May 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Preservation of open spaces; inform and educate residents of Prudence island on various environmental issues; maintenance of historic lighthouse and buildings.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2881005) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $14K a year · 15% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
60% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
107.5 mo
of spending, in cash
107.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.1% of total assets
Liabilities are 0.1% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$83K
-66% vs prior year
Spent
$51K
To programs
60%
Net assets
$5.6M
By yearFY2020–FY2024
Revenue
$83K
FY2024▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$34K
FY2021$61K
FY2022$45K
FY2023$245K
FY2024$83K
Expenses
$51K
FY2024▼ -77%
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$46K
FY2022$54K
FY2023$220K
FY2024$51K
Net assets
$5.6M
FY2024▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$5.6M
FY2022$5.6M
FY2023$5.6M
FY2024$5.6M

From the FY2024 Form 990 · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1988.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $31K Management & general 36% · $19K Fundraising 3% · $2K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Raymond Jenness
Chairperson
$0Pt VII · Sec A
Gerry Cutter
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Karen Miller
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Beth Correira
Secretary
$0Pt VII · Sec A
John Ivanoski
Treasurer Director
$0Pt VII · Sec A
See Prudence Conservancy executive salaries →

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

Preserves open spaces, educates residents on environmental issues, and maintains historic structures.

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1 program · $31K · in their own filed words · FY2024
01

Preservation of open spaces; inform and educate residents of prudence island on various environmental issues; maintenance of historic lighthouse aand buildings

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2881005) · Dispute this line
$31Kprogram expense

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
The Rhode Island Community FoundationFY2024$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$83K
Ln 12
Gifts and grantsLn 1h$33K
Other incomeLn 4–11$29K
Investment incomeLn 3$12K
Money outPt IX
$51K
Ln 25
Programscol B$31K
Managementcol C$19K
Fundraisingcol D$2K
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$455K
Total assetsLn 16$5.6M
LiabilitiesLn 26$7K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$8K
Investment incomeLn 3$12K
Other incomeLn 4–11$29K
Gains on assetsLn 7$20K
Total revenueLn 12$83K
Assets in detailPt X, end of year
CashLn 1$159K
SavingsLn 2$296K
Cash and savings togetherLn 1–2$455K
Inventories for sale or useLn 8$4K
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$5.2M
Total assetsLn 16$5.6M
LiabilitiesLn 26$7K
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$424K$455K
Land, buildings, equipmentLn 10c$5.2M$5.2M
Total assetsLn 16$5.6M$5.6M
LiabilitiesLn 26$53K$7K
Net assetsLn 32$5.6M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$4K$3K$2K
All other expensesLn 24e$21K$13K$8K
Total functional expensesLn 25$51K$31K$19K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 26, 2025 $83K$51K$32K$5.6M 990 PDF
FY2023Filed with the IRS May 13, 2024 $245K$220K$26K$5.6M 990 PDF
FY2022Filed with the IRS May 20, 2023 $45K$54K−$9K$5.6M 990 PDF
FY2021Filed with the IRS May 10, 2022 $61K$46K$15K$5.6M 990 PDF
FY2020Filed with the IRS Jul 29, 2021 $34K$30K$4K$5.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $82,898 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $218,796$33,426
I-9 Program service revenuePrior year $11,963$8,293
I-10 Investment incomePrior year $9,946$31,943
I-11 Other revenuePrior year $4,779$9,236
I-12 Total revenuePrior year $245,484$82,898
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $219,700$50,792
I-18 Total expensesPrior year $219,700$50,792
I-19 Revenue less expensesPrior year $25,784$32,106
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $82,898 across 10 lines filed
VIII-1a Federated campaigns$16,038
VIII-1b Membership dues$11,553
VIII-1c Fundraising events$5,835
VIII-1h Total contributions, gifts and grants$33,426
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,293$8,293
VIII-3 Investment incomeRelated to mission $11,776$11,776
VIII-7 Net gain or loss on sales of assetsRelated to mission $20,167$20,167
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,236$9,236
VIII-12 Total revenueRelated to mission $49,472 · Unrelated business $0 · Excluded from tax $0$82,898
Part IX · Statement of functional expenses $50,792 across 5 lines filed
IX-11b Legal feesPrograms $2,200$2,200
IX-22 Depreciation, depletion and amortizationPrograms $12,334$12,334
IX-23 InsuranceManagement $10,733$10,733
IX-24 Other expenses (24a–d)Programs $2,735 · Fundraising $1,702$4,437
IX-24e All other expensesPrograms $13,317 · Management $7,771$21,088
IX-25 Total functional expensesPrograms $30,586 · Management $18,504 · Fundraising $1,702$50,792
Part X · Balance sheet $5,626,446 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $126,758$159,255
X-2 Savings and temporary cash investmentsStart of year $297,688$295,892
X-8 Inventories for sale or useStart of year $1,805$4,500
X-9 Prepaid expenses and deferred chargesStart of year $5,855$6,137
X-10c Land, buildings and equipment, netStart of year $5,159,299$5,160,662
X-16 Total assetsStart of year $5,640,365$5,626,446
X-17 Accounts payable and accrued expensesStart of year $52,834$6,809
X-26 Total liabilitiesStart of year $52,834$6,809
X-27 Net assets without donor restrictionsStart of year $282,104$295,892
X-28 Net assets with donor restrictionsStart of year $5,305,427$5,323,745
X-32 Total net assets or fund balancesStart of year $5,587,531$5,619,637
X-33 Total liabilities and net assetsStart of year $5,640,365$5,626,446
Part XI · Reconciliation of net assets $5,619,637 net assets at year end
XI-1 Total revenue$82,898
XI-2 Total expenses$50,792
XI-3 Revenue less expenses$32,106
XI-4 Net assets at start of year$5,587,531
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,619,637

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

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