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  5. Newport County Propane, Inc.

Newport County Propane, Inc.

Company Details

Name: Newport County Propane, Inc.
Jurisdiction: Rhode Island
Entity type: Domestic Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 23 Aug 1976 (49 years ago)
Identification Number: 000016007
ZIP code: 02842
County: Newport County
Principal Address: 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842, USA
Purpose: PROPANE GAS SALES AND SERVICE
Fictitious names: Newport Propane (trading name, 2011-11-17 - )
Historical names: NEWPORT COUNTY BOTTLE GAS CO., INC.

Industry & Business Activity

NAICS

454310 Fuel Dealers

This industry comprises establishments primarily engaged in retailing heating oil, liquefied petroleum (LP) gas, and other fuels via direct selling. Learn more at the U.S. Census Bureau

Companies doing Fuel dealers

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2023 050369951 2024-05-15 NEWPORT COUNTY PROPANE INC 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 454310
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2024-05-15
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2022 050369951 2023-04-06 NEWPORT COUNTY PROPANE INC 18
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 454310
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2023-04-06
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2021 050369951 2022-04-11 NEWPORT COUNTY PROPANE INC 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 454310
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2022-04-11
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2021 050369951 2022-03-29 NEWPORT COUNTY PROPANE INC 17
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 454310
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2022-03-29
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2020 050369951 2021-06-03 NEWPORT COUNTY PROPANE INC 14
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 454310
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2021-06-03
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2020 050369951 2022-04-11 NEWPORT COUNTY PROPANE INC 14
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 454310
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2022-04-11
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC 401(K) PROFIT SHARING PLAN & TRUST 2019 050369951 2020-04-10 NEWPORT COUNTY PROPANE INC 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2020-04-10
Name of individual signing RICHARD FRANCIS, JR
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC. 401 K PROFIT SHARING PLAN TRUST 2018 050369951 2019-05-09 NEWPORT COUNTY PROPANE INC 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2019-05-09
Name of individual signing RICHARD FRANCIS JR
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC. 401 K PROFIT SHARING PLAN TRUST 2017 050369951 2018-04-24 NEWPORT COUNTY PROPANE INC 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2018-04-24
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
NEWPORT COUNTY PROPANE INC. 401 K PROFIT SHARING PLAN TRUST 2017 050369951 2018-04-24 NEWPORT COUNTY PROPANE INC 12
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2018-04-24
Name of individual signing RICHARD FRANCIS
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2016/12/07/20161207111904P030102128737001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 221210
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842
File https://efast2-filings-public.s3.amazonaws.com/prd/2015/10/27/20151027075257P030066931025001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2015-10-27
Name of individual signing RICHARD FRANCIS, JR.
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2015/02/18/20150218111906P030129202289001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2015-02-18
Name of individual signing FRANK HARRISON
Valid signature Filed with authorized/valid electronic signature
Three-digit plan number (PN) 001
Effective date of plan 2014-01-01
Business code 812990
Sponsor’s telephone number 4018476878
Plan sponsor’s address 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842

Signature of
Role Plan administrator
Date 2015-02-17
Name of individual signing RICHARD FRANCIS JR.
Valid signature Filed with authorized/valid electronic signature

Agent

Name Role Address
PETER H. SHERMAN, JR. Agent 50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842, USA

PRESIDENT

Name Role Address
PETER HARRY SHERMAN JR PRESIDENT 96 SANDRA LEE RD TIVERTON, RI 02878 USA

TREASURER

Name Role Address
RICHARD FRANCIS JR TREASURER 121 MAPLE AVE MIDDLETOWN, RI 02842 USA

SECRETARY

Name Role Address
RICHARD FRANCIS JR SECRETARY 121 MAPLE AVE MIDDLETOWN, RI 02842 USA

VICE PRESIDENT

Name Role Address
PETER HARRY SHERMAN SR VICE PRESIDENT 6 ROY AVE MIDDLETOWN, RI 02842 USA

OTHER OFFICER

Name Role Address
RICHARD FRANCIS OTHER OFFICER 50 UNDERWOOD LANE MIDDLETOWN, RI 02842

Events

Type Date Old Value New Value
Name Change 1999-07-14 NEWPORT COUNTY BOTTLE GAS CO., INC. Newport County Propane, Inc.

Filings

Number Name File Date
202446793430 Annual Report 2024-02-19
202330222390 Annual Report 2023-03-08
202217559810 Annual Report 2022-05-20
202184400520 Annual Report 2021-01-05
202031090810 Annual Report 2020-01-04
201988832070 Annual Report 2019-03-19
201856658050 Annual Report 2018-01-23
201741254080 Annual Report 2017-04-17
201692219660 Annual Report 2016-02-09
201553134000 Annual Report 2015-01-13

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8929127001 2020-04-09 0165 PPP 50 Underwood Lane, NEWPORT, RI, 02840
Loan Status Date 2021-06-24
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 289200
Loan Approval Amount (current) 289200
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65657
Servicing Lender Name BankNewport
Servicing Lender Address 10 Washington Sq, NEWPORT, RI, 02840-2948
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address NEWPORT, NEWPORT, RI, 02840-0001
Project Congressional District RI-01
Number of Employees 14
NAICS code 454310
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 65657
Originating Lender Name BankNewport
Originating Lender Address NEWPORT, RI
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 292305.93
Forgiveness Paid Date 2021-05-21

U.S. Small Business Administration Profile

Status User ID Name of Firm Trade Name UEI Address
Active P0352842 NEWPORT COUNTY PROPANE INC NEWPORT COUNTY PROPANE INC F4ALB9N298P1 50 UNDERWOOD LN, MIDDLETOWN, RI, 02842-4850
Capabilities Statement Link -
Phone Number 401-847-6878
Fax Number -
E-mail Address pete@newportpropane.com
WWW Page www.newportpropane.com
E-Commerce Website -
Contact Person PETER SHERMAN
County Code (3 digit) 005
Congressional District 01
Metropolitan Statistical Area -
CAGE Code 0DE66
Year Established 1959
Accepts Government Credit Card Yes
Legal Structure Corporation
Ownership and Self-Certifications -
Business Development Servicing Office RHODE ISLAND DISTRICT OFFICE (SBA office code 0165)
Capabilities Narrative Propane sales and service
Special Equipment/Materials Related propane equipment
Business Type Percentages (none given)
Keywords Propane sales and service
Quality Assurance Standards (none given)
Electronic Data Interchange capable -

Current Principals
Name Peter Sherman
Role President
Name Peter Sherman Sr
Role Vice President

SBA Federal Certifications
HUBZone Certified No
Women Owned Certified No
Women Owned Pending No
Economically Disadvantaged Women Owned Certified No
Economically Disadvantaged Women Owned Pending No
Veteran-Owned Small Business Certified No
Veteran-Owned Small Business Joint Venture No
Service-Disabled Veteran-Owned Small Business Certified No
Service-Disabled Veteran-Owned Small Business Joint Venture No

Bonding Levels
Description Construction Bonding Level (per contract)
Level $0
Description Construction Bonding Level (aggregate)
Level $0
Description Service Bonding Level (per contract)
Level $0
Description Service Bonding Level (aggregate)
Level $0

NAICS Codes with Size Determinations by NAICS
Primary Yes
Code 561790
NAICS Code's Description Other Services to Buildings and Dwellings
Buy Green Yes
Code 811310
NAICS Code's Description Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Buy Green Yes

Export Profile (Trade Mission Online)
Exporter No
Export Business Activities (none given)
Exporting to (none given)
Desired Export Business Relationships (none given)
Description of Export Objective(s) (none given)

Related by officers

PETER HARRY SHERMAN JR

Sherman Land Co., Inc.

PETER HARRY SHERMAN SR

Sherman Land Co., Inc.

RICHARD FRANCIS

Sherman Land Co., Inc. LAVA BAR AND GRILL INC

Related by address

50 UNDERWOOD LANE, MIDDLETOWN, RI, 02842, USA

Sherman Land Co., Inc. 10 CODDINGTON HIGHWAY, LLC 1163 Main Street Realty, LLC

Date of last update: 06 Apr 2025

Sources: Rhode Island Department of State

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