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Lime Rock Foundation

Tax-deductible

Newport, RI501(c)(3)Since 2022Arts & CultureEIN 88-0703722

To provide funds for the purpose of restoring, maintaining, and preserving the historically and architecturally significant buildings, the clubhouse, and the supporting marine elements, that are all part of what is today the ida lewis yacht club.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 4
filings with a surplus
Average surplus $68K a year · 77% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
408 mo
of spending, in cash
Looks good: 407.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $16K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
+93% vs prior year
Spent
$8K
To programs
78%
Net assets
$272K
By yearFY2022–FY2025
Revenue
$117K
FY2025▲ +93%
Revenue by fiscal year
FY2022$94K
FY2023$82K
FY2024$60K
FY2025$117K
Expenses
$8K
FY2025▼ -2%
Expenses by fiscal year
FY2022$19K
FY2023$46K
FY2024$8K
FY2025$8K
Net assets
$272K
FY2025▲ +66%
Net assets by fiscal year
FY2022$75K
FY2023$111K
FY2024$163K
FY2025$272K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $6K Management & general 22% · $2K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Alice M Sheerin
VP and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Burns
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tristan Nouligne
Director (to 03/25)
$0Pt VII · Sec A
See Lime Rock 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

Preserves and promotes historic buildings in Newport Harbor, Rhode Island.

Provided by the organization

This section is blank until Lime Rock Foundation claims this page.

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1 program service account for $6K of program spending, described in the organization's own filed words · FY2025.
01

The foundation's funds are used to preserve public facing facades of the buildings and the fundamental supporting structures and marine elements of lime rock which is in the middle of a harbor.

$6Kprogram 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 · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$7K
De Ramel FoundationFY2024$5K
Lotz Family FoundationFY2024$2K
Hope FoundationFY2024$1K
Amica Companies FoundationFY2024$1K
Total grants receivedfrom 5 funders$16K
See all 5 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$117K
Ln 12
Gifts and grantsLn 1h$110K
Investment incomeLn 3$7K
Money outPt IX
$8K
Ln 25
Programscol B$6K
Managementcol C$2K
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$272K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Investment incomeLn 3$7K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$212K
Cash and savings togetherLn 1–2$272K
Total assetsLn 16$272K
LiabilitiesLn 26$0
Net assetsLn 32$272K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$163K$272K
Total assetsLn 16$163K$272K
LiabilitiesLn 26$0$0
Net assetsLn 32$163K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K$120
Accounting feesLn 11c$4K$3K$2K
Office expensesLn 13$2K$2K
Information technologyLn 14$436$436
Total functional expensesLn 25$8K$6K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $117K$8K$109K$272K 990 PDF
FY2024 $60K$8K$52K$163K 990 PDF
FY2023 $82K$46K$36K$111K 990 PDF
FY2022 $94K$19K$75K$75K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $116,510 across 4 lines filed
VIII-1f All other contributions, gifts and grants$109,727
VIII-1h Total contributions, gifts and grants$109,727
VIII-3 Investment incomeExcluded from tax $6,783$6,783
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,783$116,510
Part IX · Statement of functional expenses $8,004 across 4 lines filed
IX-11b Legal feesPrograms $1,095 · Management $120$1,215
IX-11c Accounting feesPrograms $2,560 · Management $1,657$4,217
IX-13 Office expensesPrograms $2,136$2,136
IX-14 Information technologyPrograms $436$436
IX-25 Total functional expensesPrograms $6,227 · Management $1,777 · Fundraising $0$8,004
Part X · Balance sheet $271,835 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $57,917$59,656
X-2 Savings and temporary cash investmentsStart of year $105,412$212,179
X-16 Total assetsStart of year $163,329$271,835
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $163,329$271,835
X-32 Total net assets or fund balancesStart of year $163,329$271,835
X-33 Total liabilities and net assetsStart of year $163,329$271,835
Part XI · Reconciliation of net assets $271,835 net assets at year end
XI-1 Total revenue$116,510
XI-2 Total expenses$8,004
XI-3 Revenue less expenses$108,506
XI-4 Net assets at start of year$163,329
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$271,835

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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