Rhode Island Tree Council EIN 22-3226545 Form 990 (PDF) Claim this org

Rhode Island Tree Council

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Supports state and community forestry programs with leadership and funding. For fiscal year 2024 it reported $202K in revenue, $158K in expenses, and $889K in net assets.Pt I

Founded
1993
Type
Public charity (501(c)(3)) · Environment
Location
Providence, RI
Website
www.ritree.org
Filings
5 on file (2020–2024)
Revenue
$202KFY2024
Expenses
$158K
Net assets
$889K
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-3226545 Public charity (501(c)(3)) Providence, RI Founded 1993
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports state and community forestry programs with leadership and funding.
Leadership
Jack Bandoni · Director
Money in and out
$202K revenue, $158K expenses
Bottom line
61% program efficiency
Where the money goes · FY2024
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$158K
Pt IX · Ln 25
Net assets
$889K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $44K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.39
Program efficiency
61%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
63.4mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +84% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$202K
FY2024▲ +14%
Expenses
$158K
FY2024▲ +1%
Total assets
$889K
FY2024▲ +13%
Total liabilities
$0
FY2024
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$158K
Pt IX · Ln 25
Net assets
$889K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$44K
Total assetsPt X · Ln 16$889K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $97K of program spending, described in the organization's own filed words · FY2024.
01

America the Beautiful Grant and Other Programs

Advancing the cause of urban forestry throughout Rhode Island by organizing tree planting and care projects, collecting vital data for monitoring pest activity and tracking plant development and supporting volunteer efforts through education and training.

$97Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRhode Island Tree Council
EINHdr · item D22-3226545
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.ritree.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C015)
Ruling yearIRS BMFMay 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1bpending
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Matthew Sweet’s $12K as Treasurer is at the 6th percentile of top reported officer pay among 1982 $100K–1M environment 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 · 1 named individual · Part VII

NameFY2022FY2021FY2020
Matthew Sweet$12,000$12,000$12,000

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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Statement of Revenue

Part VIII
Contributions & grants$150K · 74%
Investment income$52K · 26%
Contributions & grants74%$150K
Investment income26%$52K
— government grantsLn 1e$57K
Total revenueLn 12$202K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.39
Program services61%$97K
Management & general39%$61K
Total functional expensesLn 25$158K

Balance Sheet

Part X · end of year
CashLn 1$156K
Total assetsLn 16$889K
Total liabilitiesLn 26$0
Total net assetsLn 32$889K
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $834K · Operating expenses/yr $158K
63.4 months
Where the money goes
Program services
Program services $97K · Total expenses $158K
61%
Management & General
Management & general $61K · Total expenses $158K
39%
Fundraising
Fundraising $0 · Total expenses $158K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $77K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $150K · Total revenue $202K
74%
Government reliance
Government grants $57K · Total revenue $202K
28%
Earned-income share
Program service revenue $0 · Total revenue $202K
0%
Investment reliance
Investment income $52K · Total revenue $202K
+26%
Program self-sufficiency
Program service revenue $0 · Total expenses $158K
0%
Growth & trend
Revenue growth (YoY)
This year $202K · Prior year $176K
+14%
Revenue CAGR
FY2019 $134K · FY2024 $202K
+9%
Net-asset trend (YoY)
End of year $889K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $202K · Expenses $158K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $889K
Net-asset ratio
Net assets $889K · Total assets $889K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $678K · Total assets (Pt X, ln 16) $889K
76%
People & payroll
Highest Reported Total Compensation
Individual Jack Bandoni · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $158K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70K · Total expenses $158K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 39%
Revenue growth 14%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$58K

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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
FY2024 (Latest)$202K revenue · viewing · ⤓ 990 PDF
FY2023$176K revenue · ⤓ 990 PDF
FY2022$105K revenue · ⤓ 990 PDF
FY2021$309K revenue · ⤓ 990 PDF
FY2020$134K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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