Public Charity

PAWTUCKET FOUNDATION

PAWTUCKET FOUNDATION is a Public Charity headquartered in PAWTUCKET, RI. Financial data from the 2025 filing: $192K revenue, $204K expenses, $302K total assets. 7 publicly reported grants to this organization, totaling roughly $227K, appear in IRS filings.

EIN: 050511879 PAWTUCKET, RI Urban & Community Economic Development NTEE: S31 Latest filing: 2025
Total Revenue$192K
Total Expenses$204K
Total Assets$302K
Grant Records7
Funding Total$227K
Filing Years2021–2025

Mission

THE FOUNDATION WAS CREATED FOR THE SPECIFIC PURPOSE OF IMPROVING THE LIVES OF THE RESIDENTS OF PAWTUCKET, RI. MANY PROGRAMS AND PROJECTS WILL ALSO BY EXTENSION BENEFITING RESIDENTS OF THE NEIGHBORING CITY OF CENTRAL FALLS, RI. THE FOUNDATION WILL CREATE, DEVELOP AND IMPLEMENT PROGRAMS AND RESOURCES DESIGNED TO MOBILIZE THE PRIVATE SECTOR IN ECONOMIC DEVELOPMENT.

Where $100 goes at Pawtucket Foundation

How Pawtucket Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$84 Programs the work itself
$10 Management running the organization
$6 Fundraising raising the next dollar

Inside the $84 for programs

$21
The foundation creates, develops and implements programs and resources designed to mobilize the private and non-profit sector along with local government in economic development
About 25% (cost not reported)
$21
The foundation sponsored an annual dinner to recognize outstanding individual(s) who have advanced the ideals of civic entrepreneurship advocated and advanced by the foundation
About 25% (cost not reported)
$21
Hosted Pawtucket proud day, an annual corporate volunteer outing
About 25% (cost not reported) · Reported in the filing: 43 businesses

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Alison Bologna
TREASURER Brian Azar
BOARD MEMBER Brian Kortz
CO-CHAIRMAN Daniel J Sullivan Jr
BOARD MEMBER Edward Massoud
BOARD MEMBER Erica Schectner

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$217,000 5 grants
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $192K $204K $302K
2024 $245K $238K $307K
2023 $518K $535K $291K
2022 $435K $452K $381K
2021 $601K $380K $431K

Between 2021 and 2025, reported annual revenue declined from $601K to $192K (-68%), with total assets most recently reported at $302K.

Interactive year-over-year charts and full filing details available with membership.

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