NonprofitsSouth Shore Golf Ri Corp

Health Care

South Shore Golf Ri Corp

N PROVIDENCE, RI

Total revenue

$1.1M

Total expenses

$673K

Net assets

$361K

Grants received

EIN

920539835

Tax year

2024

Mission

The primary exempt purpose is to operate a golf course to benefit two charities (south county hospital healthcare and st. Jude children's research hospital, inc), with all charitable distributions to be divided and distributed for one or more expempt purposes within the meaning of section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code as follows: one-third (1/3) share to south county hospital healthcare and two-thirds (2/3)share to st. Jude children's research hospital, inc.

Programs

1 program

This is the third year of the entity's existence but only the first full year of operations related to the program services. Liabilities still exceed liquid assets. Therefore, the entity has not yet generated enough cash flow to share with the hospital charities. In addition the company does not own any assets that are not used directly in carrying out its exempt purpose and is not subject to section 4942 of the internal revenue code as it is classified as a section 509(a)(2) charitable entity.

Expenses: $670K

Financials

FY 2024

Revenue

Contributions & grants$669K
Program service revenue$388K
Investment income
Other revenue$12K
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$208K
Fundraising
Other expenses$465K
Total expenses$673K
Total assets$619K
Net assets$361K

People

5 listed

NameRoleCompensation

LAWRENCE C LEBLANC

DIRECTOR

Board

2 hrs/wk

JAMES R BARROWS

DIRECTOR

Board

1.5 hrs/wk

RACHEL BRASSARD

DIRECTOR

Board

2 hrs/wk

JAMES DE ALMO

DIRECTOR

Board

2 hrs/wk

THOMAS PAPA

DIIRECTOR

Board

2 hrs/wk

Details

EIN920539835
NTEE codeE12
Subsection03
Ruling date2023-12
Formed2022
Employees21
SOUTH SHORE GOLF RI CORP — Mission, Financials & Grants Received | Grantivo