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Prudence Island School Foundation FY2021 filing

Tax-deductible

Prudence Isl, RI501(c)(3)Education EIN 26-4731400Revenue $310K in FY2021

On file with the IRSprudenceschoolfoundation.orgPo Box 157, 02872-0157 · Prudence Isl, RITax-exempt since Jun 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To engage in activities and raise funds to support the perpetual existence of a one room School house on Prudence Island

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $63K a year · 44% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 24.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $176
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$35K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
Spent
$86K
To programs
96%
Net assets
$354K
By yearFY2021–FY2025
Revenue
$310K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$310K
FY2022$117K
FY2023$116K
FY2024$94K
FY2025$85K
Expenses
$86K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$86K
FY2022$88K
FY2023$102K
FY2024$92K
FY2025$38K
Net assets
$354K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$354K
FY2022$383K
FY2023$396K
FY2024$397K
FY2025$444K

From the FY2021 Form 990 (year ending August 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2011.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $83K Management & general 3% · $3K Fundraising 0% · $330

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Mosher
Director
$0Pt VII · Sec A
Allen Bearse
Chariperson
$0Pt VII · Sec A
John Ivanoski
Treasurerdirector
$0Pt VII · Sec A
$0Pt VII · Sec A
See Prudence Island School Foundation 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 15aNo

Programs and updates

Supports a one-room schoolhouse's perpetual existence through fundraising and activities.

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Provided by the organization

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1 program · $83K · in their own filed words · FY2020
01

To engage in activities and raise funds to support the perpetual existence of a one room school house located on prudence island

$83Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$126
Cigna FoundationFY2023$50
Total grants receivedfrom 2 funders$176

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$310K
Ln 12
Gifts and grantsLn 1h$310K
Other incomeLn 4–11$60
Investment incomeLn 3$15
Money outPt IX
$86K
Ln 25
Programscol B$83K
Managementcol C$3K
Fundraisingcol D$330
Owns and owesPt X
$354K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$389K
LiabilitiesLn 26$35K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Government grantsLn 1e$250K
Noncash giftsLn 1g$208K
Fundraising eventsLn 1c$12K
Investment incomeLn 3$15
Other incomeLn 4–11$60
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$75K
Cash and savings togetherLn 1–2$178K
Land, buildings, equipmentLn 10c$211K
Total assetsLn 16$389K
LiabilitiesLn 26$35K
Net assetsLn 32$354K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$149K$178K
Land, buildings, equipmentLn 10c$16K$211K
Total assetsLn 16$164K$389K
LiabilitiesLn 26$35K$35K
Net assetsLn 32$130K$354K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$6K$6K
Office expensesLn 13$3K$3K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$17K$17K
All other expensesLn 24e$4K$4K$330
Total functional expensesLn 25$86K$83K$3K$330

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $85K$38K$47K$444K 990 PDF
FY2024 $94K$92K$1K$397K 990 PDF
FY2023 $116K$102K$13K$396K 990 PDF
FY2022 $117K$88K$28K$383K 990 PDF
FY2021 Viewing $310K$86K$225K$354K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $310,492 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,255$310,417
I-9 Program service revenue$0
I-10 Investment incomePrior year $14$15
I-11 Other revenuePrior year $59$60
I-12 Total revenuePrior year $88,328$310,492
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,663$43,254
I-16a Professional fundraising feesPrior year $3,748$0
I-17 Other expensesPrior year $35,648$42,610
I-18 Total expensesPrior year $78,059$85,864
I-19 Revenue less expensesPrior year $10,269$224,628
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 $310,492 across 8 lines filed
VIII-1a Federated campaigns$48,354
VIII-1c Fundraising events$11,680
VIII-1e Government grants$250,383
VIII-1g Noncash contributions (included above)$208,330
VIII-1h Total contributions, gifts and grants$310,417
VIII-3 Investment incomeRelated to mission $15$15
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $60$60
VIII-12 Total revenueRelated to mission $75 · Unrelated business $0 · Excluded from tax $0$310,492
Part IX · Statement of functional expenses $85,864 across 8 lines filed
IX-7 Other salaries and wagesPrograms $39,861$39,861
IX-10 Payroll taxesPrograms $3,393$3,393
IX-11c Accounting feesPrograms $6,204$6,204
IX-13 Office expensesManagement $2,831$2,831
IX-22 Depreciation, depletion and amortizationPrograms $5,351$5,351
IX-23 InsurancePrograms $7,074$7,074
IX-24 Other expenses (24a–d)Programs $16,774$16,774
IX-24e All other expensesPrograms $4,046 · Fundraising $330$4,376
IX-25 Total functional expensesPrograms $82,703 · Management $2,831 · Fundraising $330$85,864
Part X · Balance sheet $389,037 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $78,478$102,849
X-2 Savings and temporary cash investmentsStart of year $70,222$75,341
X-10c Land, buildings and equipment, netStart of year $15,732$210,847
X-16 Total assetsStart of year $164,432$389,037
X-17 Accounts payable and accrued expensesStart of year $5,092$5,069
X-19 Deferred revenueStart of year $29,692$29,692
X-26 Total liabilitiesStart of year $34,784$34,761
X-27 Net assets without donor restrictionsStart of year $129,648$354,276
X-32 Total net assets or fund balancesStart of year $129,648$354,276
X-33 Total liabilities and net assetsStart of year $164,432$389,037
Part XI · Reconciliation of net assets $354,276 net assets at year end
XI-1 Total revenue$310,492
XI-2 Total expenses$85,864
XI-3 Revenue less expenses$224,628
XI-4 Net assets at start of year$129,648
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$354,276

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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