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EIN 35-2465487

The Westerly Revolving Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Westerly
State
Rhode Island
Year formed
2013
Most recent tax filings
2023-12-01
NTEE code, primary
A80: Historical Societies, Historical Preservation
Description
The Westerly Revolving Fund aims to preserve the historical heritage of Westerly and stimulate community revitalization. In April 2019, the organization purchased a mixed-use historic property in need of renovation at 134 Main St, Westerly, RI as part of its community revitalization program. The organization quickly began renovations and capitalized all related expenditures.
Total revenues
$98
2023
Total expenses
$1,036
2023
Total assets
$31,425
2023
Num. employees
0
2021

Program areas at The Westerly Revolving Fund

Revolving Fund loan program - The organization became established to provide technical services to property owners in Westerly's historic neighborhoods. Staff will prepare for cost estimates for properties and exterior specifications for residential or commercial properties, and monitor restorations.
Community revitalization program - in april 2019, The organization purchased a mixed-use historic property in need of renovation at 134 main st, Westerly, ri. The organization began The renovations immediately. All related expenditures have been capitalized to this project. The completed project was sold on july 1, 2021.

Personnel at The Westerly Revolving Fund

NameTitleCompensation
Louis GingerellaPresident$0
Michael J BeddardDirector$0

Financials for The Westerly Revolving Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$98
Program services$0
Membership dues$0
Investment income and dividends$0
Net gain from sale of non-inventory assets$0
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$98

Form 990s for The Westerly Revolving Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-11990EZView PDF
2022-122023-05-15990EZView PDF
2021-122022-05-11990View PDF
2020-122021-09-27990View PDF
2019-122021-04-01990View PDF
...and 6 more Form 990s
Data update history
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 10, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
June 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from Meredith and Whitney George Family Foundation
September 24, 2021
Received grants
Identified 1 new grant, including a grant for $2,000 from Washington Trust Charitable Foundation
Nonprofit Types
Real estate organizationsArts, culture, and humanities nonprofitsCharities
Issues
Arts, cultural, and humanitiesHistory
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 112
Westerly, RI 02891
Metro area
Providence-Warwick, RI-MA
County
Washington County, RI
Phone
(860) 460-0930
IRS details
EIN
35-2465487
Fiscal year end
December
Taxreturn type
Form 990-EZ
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A80: Historical Societies, Historical Preservation
NAICS code, primary
5313: Real Estate Services
Parent/child status
Independent
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