Overview
What is Rimta Foundation?
The Rimta Foundation is an actively functioning nonprofit organization situated in Newport, Rhode Island. Its primary mission is to enhance the Rhode Island marine trades industry in a sustainable and equitable manner, benefiting all members of the Rhode Island Marine Trades Association. This involves pursuing opportunities relating to economic growth, workforce development, job training, career education, and environmental awareness. The foundation collaborates with a network of public and private partners across the United States to make the progressive expertise of their industry a primary export for Rhode Island.
Official website here: www.rimta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Rimta Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain governance and accountability areas. While the organization excels in financial accountability, scoring 100%, it struggles with fundamental policies such as conflict of interest, whistleblower protections, and document retention, receiving a score of zero in these categories.
The foundation boasts a strong independent board, with all members meeting the needed criteria, which reflects positively on its governance structure. Additionally, its program expense ratio is commendable at 97.07%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. This indicates a commitment to the mission it serves.
However, the absence of key policies raises concerns about transparency and accountability. The lack of a posted tax form on its website and the absence of necessary governance protections could undermine stakeholder trust. Addressing these issues would enhance the foundation's overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rimta Foundation legitimate?
Rimta Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rimta Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rimta.org
What is the mission statement of Rimta Foundation?
The Rimta Foundation is an active non-profit organization committed to enhancing the marine trades industry in Rhode Island in a sustainable and equitable manner. Their mission involves pursuing opportunities related to economic growth, workforce development, job training, career education, and environmental awareness. In collaboration with their network of public and private partners across the United States, the Rimta Foundation aims to position the progressive expertise of their industry as a primary export for Rhode Island, contributing to its overall development.
Official website here: www.rimta.org
Who is the CEO of Rimta Foundation?
Matt Leduc is the Pres & Dir of Rimta Foundation.
Official website here: www.rimta.org
What is the revenue of Rimta Foundation?
Rimta Foundation's revenue in 2022 was $25,000.
Official website here: www.rimta.org
Who are the executives of Rimta Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.rimta.org
Where can I find the form 990 for Rimta Foundation?
Rimta Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rimta.org
Learn more at the official website: www.rimta.org
Mission Statement of Rimta Foundation
The Rimta Foundation, an active non-profit organization, is committed to enhancing the Rhode Island marine trades industry in a sustainable and equitable manner for all members of the Rhode Island Marine Trades Association. This mission encompasses the pursuit of opportunities related to economic growth, workforce development, job training, career education, and environmental awareness. In collaboration with a network of public and private partners across the United States, the Rimta Foundation aims to make the progressive expertise of the industry a primary export for Rhode Island, ultimately contributing to its overall economic growth.
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Impact
August, 2024
Rimta Foundation plays a crucial role in advancing the Rhode Island marine trades industry through sustainable and equitable practices. Its focus on economic growth, workforce development, job training, career education, and environmental awareness is integral to shaping a vibrant and prosperous industry. By collaborating with a network of public and private partners nationwide, Rimta Foundation is working to position Rhode Island's marine trades expertise as a leading export for the state. The foundation's dedication to enhancing the industry for all members of the Marine Trades Association is driving positive change and fostering a thriving community.
This information is meant to be a general summary of Rimta Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $25,000
Assets and Liabilities:
- Total Assets: $52,975
- Total Liabilities: $31,033
- Net Assets: $21,942
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Organization Details
Phone
(401) 396-9619Principal Officer
Matt Leduc
Main Address
513 BROADWAY SUITE 320, NEWPORT, RI, 02840
Website
www.rimta.orgNTEE Category
Code: S40 - Community improvement
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