Rhode Island Fishermens Future Viability Trust Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 873618332 ✦ Cranston, RI ✦ Designated as a 501(c)(4)

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Overview

What is Rhode Island Fishermens Future Viability Trust Inc?

The Rhode Island Fishermens Future Viability Trust Inc is a nonprofit organization based in Cranston, Rhode Island. Their mission is to ensure the ongoing success and sustainability of the fishing industry in Rhode Island. They have secured significant grants, totaling $2.5 million, to address issues related to safety and effective fishing in the vicinity of the Vineyard Wind project and near wind farms in general. The Trust's efforts focus on providing essential funds to tackle these concerns and maintain the viability of the fishing sector in Rhode Island.

Is Rhode Island Fishermens Future Viability Trust Inc legitimate?

Rhode Island Fishermens Future Viability Trust Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Rhode Island Fishermens Future Viability Trust Inc 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

What is the mission statement of Rhode Island Fishermens Future Viability Trust Inc?

The Rhode Island Fishermen's Future Viability Trust is a non-profit organization dedicated to ensuring the continued success and safety of the fishing industry. Its primary objective is to provide funds and resources to address concerns related to effective fishing practices near wind farms, specifically the Vineyard Wind Project area. Through securing substantial grants, the Trust aims to address these issues and promote sustainable fishing practices within the industry. Its mission is to support the long-term viability of Rhode Island's fishing industry while ensuring the safety and efficiency of fishing operations near wind farms.

Who is the CEO of Rhode Island Fishermens Future Viability Trust Inc?

Christopher Lee is the Director of Rhode Island Fishermens Future Viability Trust Inc.

What is the revenue of Rhode Island Fishermens Future Viability Trust Inc?

Rhode Island Fishermens Future Viability Trust Inc's revenue in 2022 was $2,510,192.

Who are the executives of Rhode Island Fishermens Future Viability Trust Inc and what are their salaries?


Here are 10 key members and their salaries:


Christopher Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Marchetti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bellavance Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Hawkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Seitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Lee (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Marchetti (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bellavance Jr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Hawkins (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Seitz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rhode Island Fishermens Future Viability Trust Inc?

Rhode Island Fishermens Future Viability Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rhode Island Fishermens Future Viability Trust Inc

The Rhode Island Fishermens Future Viability Trust, Inc. is dedicated to ensuring the long-term thriving of Rhode Island's fishing industry. With a focus on safety and effective fishing practices, the Trust aims to address concerns that arise in the vicinity of wind farms, specifically in relation to the Vineyard Wind Project.

The Trust has secured significant funding, amounting to $2,500,000 in grants, to tackle these issues. These resources enable the organization to address the unique challenges faced by the fishing industry in the context of wind farm projects, ensuring that fishermen can continue their livelihoods in a sustainable and safe manner. By providing essential funds, the Rhode Island Fishermens Future Viability Trust, Inc. is an invaluable partner in the ongoing development of sustainable fishing practices in the face of new technological advancements, such as wind farms.

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Impact




October, 2024

The Rhode Island Fishermen's Future Viability Trust Inc. plays a crucial role in supporting the sustainability of the fishing industry in Rhode Island. By securing $2.5 million in grants, the organization addresses vital concerns related to safety and effective fishing practices, particularly in relation to the Vineyard Wind Project and surrounding wind farms. This proactive approach not only promotes the long-term success of local fisheries but also ensures that fishing communities can safely navigate and operate within evolving marine environments shaped by renewable energy developments. The trust's efforts directly contribute to the economic and environmental resilience of the fishing sector in Rhode Island.




This information is meant to be a general summary of Rhode Island Fishermens Future Viability Trust Inc. 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.

Revenue
$2,510,192 (2022)
Expenses
$3,249 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,192
  • Gross Receipts: $2,510,192

Assets and Liabilities:

  • Total Assets: $5,010,071
  • Total Liabilities: $0
  • Net Assets: $5,010,071

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Organization Details

Founding Year

2021

Principal Officer

Christopher Lee

Main Address

1330 Narragansett Blvd, Cranston, RI, 02905

NTEE Category

Code: D01 - Animals

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