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Rhode Island Bankers Association Foundation

Company Details

Name: Rhode Island Bankers Association Foundation
Jurisdiction: Rhode Island
Entity type: Domestic Non-Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 07 Nov 2022 (2 years ago)
Identification Number: 001748360
ZIP code: 02903
County: Providence County
Principal Address: 50 PARK ROW WEST SUITE 100, PROVIDENCE, RI, 02903, USA
Purpose: THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE DEVELOPMENT OF EDUCATIONAL AND OUTREACH PROGRAMS TO PROMOTE CAREERS IN THE BANKING INDUSTRY FOR UNDERSERVED COMMUNITIES INCLUDING URBAN YOUTH WITH PARTICULAR EMPHASIS ON COMMUNITIES OF COLOR. THE CORPORATION MAY CONDUCT ANY LAWFUL ACTIVITIES THAT MAY BE NECESSARY, USEFUL, OR DESIRABLE FOR THE FURTHERANCE OF THE FOREGOING PURPOSES, WHETHER DIRECTLY OR INDIRECTLY, WHETHER ALONE OR IN CONJUNCTION WITH OTHER INDIVIDUALS OR ORGANIZATIONS, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS DESIGNATED BY THE CORPORATION THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW) AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “CODE”). THE CORPORATION SHALL BE AUTHORIZED TO RAISE FUNDS TO SUPPORT THOSE PURPOSES FROM PUBLIC AND PRIVATE SOURCES AND TO SPEND THOSE FUNDS IN FURTHERANCE OF ITS PURPOSES.

Industry & Business Activity

NAICS

813219 Other Grantmaking and Giving Services

This U.S. industry comprises establishments (except voluntary health organizations) primarily engaged in raising funds for a wide range of social welfare activities, such as educational, scientific, cultural, and health. Learn more at the U.S. Census Bureau

Agent

Name Role Address
ADLER POLLOCK & SHEEHAN P.C. Agent 1 CITIZENS PLAZA 8TH FLOOR, PROVIDENCE, RI, 02903, USA

PRESIDENT

Name Role Address
KEITH KELLY PRESIDENT CITIZENS BANK, 1 CITIZENS PLAZA, RC1255 PROVIDENCE, RI 02903 USA

TREASURER

Name Role Address
CRISTINA FEDEN TREASURER BERKSHIRE BANK, 100 WESTMINSTER STREET PROVIDENCE, RI 02903 USA

VICE PRESIDENT

Name Role Address
FRANK CASALE VICE PRESIDENT TD BANK, 180 WESTMINSTER STREET PROVIDENCE, RI 02903 USA

INCORPORATOR

Name Role Address
KATHRYN S. WINDSOR INCORPORATOR ADLER POLLOCK & SHEEHAN P.C., 1 CITIZENS PLAZA, 8TH FL. PROVIDENCE, RI 02903 USA

DIRECTOR

Name Role Address
CRISTINA FEDEN DIRECTOR BERKSHIRE BANK, 100 WESTMINSTER STREET PROVIDENCE, RI 02903 USA
KEITH KELLY DIRECTOR CITIZENS BANK, 1 CITIZENS PLAZA, RC1255 PROVIDENCE, RI 02903 USA
FRANK CASALE DIRECTOR TD BANK, 180 WESTMINSTER STREET PROVIDENCE, RI 02903 USA
VANESSA TOLEDO-VICKERS DIRECTOR CITIZENS BANK, 1 CITIZENS PLAZA, RC 490 PROVIDENCE, RI 02903 USA
PAOLA FERNANDEZ DIRECTOR CENTREVILLE BANK, 1218 MAIN STREET WEST WARWICK, RI 02903 USA

Filings

Number Name File Date
202452732520 Annual Report 2024-04-26
202339587490 Annual Report - Amended 2023-07-19
202334508850 Annual Report 2023-04-28
202224575180 Articles of Incorporation 2022-11-07

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
92-1828674 Corporation Unconditional Exemption PO BOX 25432, PROVIDENCE, RI, 02905-0432 2023-01
In Care of Name % WILLIAM M FARRELL
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Educational Organization, Local Association of Employees, Agricultural Organization, Horticultural Organization, Board of Trade, Business League, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Voluntary Employees' Beneficiary Association (Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Mutual Ditch or Irrigation Co., Burial Association, Cemetery Company, Credit Union, Other Mutual Corp. or Assoc., Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Private operating foundation (other)
Tax Period 2024-09
Asset 100,000 to 499,999
Income 25,000 to 99,999
Filing Requirement 990 - Not required to file (all other)
PF Filing Requirement 990-PF return
Accounting Period Sep
Asset Amount 119803
Income Amount 94750
Form 990 Revenue Amount -
National Taxonomy of Exempt Entities Education: Professional Societies, Associations
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A private operating foundation. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_92-1828674_RHODEISLANDBANKERSASSOCIATIONFOUNDATION_01202023_00.pdf

Date of last update: 28 Oct 2024

Sources: Rhode Island Department of State