The Rhode Island Community Foundation
85% goes to programs $4 to raise $100 Strong reserves Declining revenue
The Rhode Island Community Foundation is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1985, with $147,291,921 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
1 Union Station, Providence, RI, 02903 EIN 22-2604963 Since 1985
Revenue (FY2024)
$147.3M
▲ 67.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$95.2M
Net assets
$1.3B
Employees
58
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $4 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Rhode Island Community Foundation: 85% to programs · $4 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating170 mo reserves · +35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Rhode Island Community Foundation: 170 mo reserves · +35% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Rhode Island Community Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Rhode Island Community Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The rhode island foundation mobilizes generosity and motivates change that makes a difference.
What they do
Donor designated funds: providing vehicles for donors to make grants to qualified charities by designating a qualified charity.
Core grantmaking programs: grantmaking focused primarily on civic and cultural life; climate action and sustainability; education and student success; healthy and strong communities; and housing and economic mobility; guided by inclusiveness, accessibility, compassion, mutual respect and humility. additional grantmaking programs also support topic- and geography specific projects across rhode island, for the benefit of all rhode islanders and in alignment with donor intent.
Contact & location
- Address
- 1 Union Station, Providence, RI, 02903
- City
- Providence
- State
- Rhode Island
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $90.4M (FY2019) to $147.3M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.5MNet assets $1.3B
Operating margin
35.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$4.5M
Net assets
$1.3B
Salaries & benefits
$9.6M
10% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $147,291,921▲67.9% | $95,208,024▼7.4% | $1,344,976,236▲7.7% | $1,349,471,706▲7.3% | 990 |
| 2023 | $87,701,485▼7.3% | $102,860,359▲9.3% | $1,248,752,309▲8.5% | $1,257,515,540▲8.0% | 990 |
| 2022 | $94,559,880▼51.4% | $94,070,249▲9.1% | $1,151,042,068▼14.2% | $1,164,890,574▼13.5% | 990 |
| 2021 | $194,702,159▲91.2% | $86,255,256▼1.7% | $1,341,755,875▲20.9% | $1,346,682,058▲20.7% | 990 |
| 2020 | $101,831,307▲12.7% | $87,764,346▲30.7% | $1,110,163,051▲10.9% | $1,115,655,250▲10.3% | 990 |
| 2019 | $90,361,227 | $67,128,612 | $1,000,906,595 | $1,011,786,707 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David Cicilline — $795,906 (0.84% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Cicilline | President & Ceo | 40 | $795,906 |
| Jennifer Reid | Vp of Finance & Ceo | 40 | $282,816 |
| Bridget Baratta | Vp of Development | 40 | $236,971 |
| Christopher Bizzacco | Chief of Staff | 40 | $226,557 |
| Kathleen Malin | Cto/vp of Operations | 40 | $218,187 |
| Sharon Collier | Vice President of Human Resources | 40 | $188,590 |
| Jennifer Pereira | Vp of Grants & Climate Director | 40 | $187,976 |
| Arianne Corrente | Vp of Communications & Marketing | 40 | $187,546 |
| Angela Ankoma | Vp & Ed Equity Leadership Initiative | 40 | $181,422 |
| Daniel Kertzner | Senior Philanthropic Advisor | 40 | $180,987 |
| Jill Pfitzenmayer | Vp of Capacity Building | 40 | $162,941 |
| Ann-marie Harrington | Director | 1 | — |
| Carrie Bridges Feliz Mph | Director | 1 | — |
| Edward O Handy III | Director | 1 | — |
| G Alan Kurose Md Mba Facp | Chairperson | 2 | — |
| James Wright | Director | 1 | — |
| Janet Robinson | Secretary | 1 | — |
| Jonathan D Fain | Director | 1 | — |
| Meghan Hughes Phd | Director | 1 | — |
| Melissa R Dubose | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Adage Capital Partners LP | Asset Management | $999,784 |
| Providence Equity | Asset Management | $670,306 |
| Mfs Inst International Equity | Asset Management | $605,871 |
| Silchester Intl Value Equity Trust | Asset Management | $578,516 |
| Silver Point Capital | Asset Management | $562,881 |
Grants received · $46.2M total
60 grants to The Rhode Island Community Foundation totaling $46.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Delta Dental of Rhode Island | Program support | 2024 | $906,132 |
| Strada Education Foundation Inc | Operating grant | 2024 | $100,000 |
| Greater Hartford Gives Foundation | Health | 2024 | $50,000 |
| New Hampshire Charitable Foundation | For the global fellows in courage fund | 2024 | $10,000 |
| Columbus Foundation | Advancing philanthropy | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $9,900 |
| Dechomai Foundation Inc | Unrestricted | 2023 | $2,664,063 |
| Delta Dental of Rhode Island | Program support | 2023 | $2,010,000 |
| The New York Community Trust | For general support. | 2023 | $1,000,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $280,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $103,700 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $55,500 |
| American Endowment Foundation | Philanthropy | 2023 | $5,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Dechomai Foundation Inc | General support | 2022 | $8,899,756 |
Grants made · $72.0M in FY2024
977 grants totaling $72.0M in FY2024 — showing the 15 largest. All grants made by The Rhode Island Community Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Rhode Island Inc | Other (primary) | $5,005,549 |
| Rhode Island Philharmonic Orchestra & Music School | Art - arts and culture (primary) | $3,146,865 |
| Women & Infants Development Foundation | Hl - healthy lives (primary) | $2,014,274 |
| Trinity Repertory Company | Art - arts and culture (primary) | $1,525,724 |
| Crossroads Rhode Island | Housing (primary) | $1,313,225 |
| Local Initiatives Support Corporation | Housing (primary) | $1,278,675 |
| Amos House | Housing (primary) | $1,038,471 |
| Rhode Island Community Food Bank Association | Bhn - basic human needs (primary) | $1,028,026 |
| Boca Grande Health Clinic Foundation Inc | Hl - healthy lives (primary) | $1,013,500 |
| Friends of Boca Grande Community Center Inc | Bhn - basic human needs (primary) | $807,500 |
| Lincoln School | Edu - educational success (primary) | $728,539 |
| New England Academy of Torah Inc | Faith-based (primary) | $681,086 |
| The University of Rhode Island Foundation & Alumni Engagement | Edu - educational success (primary) | $578,349 |
| Rhode Island Historical Society | Art - arts and culture (primary) | $521,426 |
| Solar Initiative of Rhode Island | Env - environment (primary) | $518,000 |
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Compare The Rhode Island Community Foundation
Frequently asked questions
- Is The Rhode Island Community Foundation a legitimate nonprofit?
- Yes. The Rhode Island Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2604963, based in Providence, Rhode Island. Donations are tax-deductible.
- What is The Rhode Island Community Foundation's EIN?
- The Rhode Island Community Foundation's Employer Identification Number (EIN) is 22-2604963.
- How much revenue does The Rhode Island Community Foundation report?
- The Rhode Island Community Foundation reported $147,291,921 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Rhode Island Community Foundation's spending goes to programs?
- The Rhode Island Community Foundation spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Rhode Island Community Foundation have?
- CharityIndex grades The Rhode Island Community Foundation A, based on program efficiency and fundraising cost.
- How much does The Rhode Island Community Foundation's highest-paid employee make?
- The highest reported compensation on The Rhode Island Community Foundation's latest Form 990 is $795,906, paid to David Cicilline (President & Ceo).
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Explore more
Data for The Rhode Island Community Foundation (EIN 22-2604963) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.