Public Charity

RIMTA FOUNDATION

RIMTA FOUNDATION is a nonprofit organization categorized as Public Charity based in NEWPORT, RI. Its most recent IRS filing (2024) reports expenses of $26K, total assets of $12K.

EIN: 823979153 NEWPORT, RI Business & Industry NTEE: S40 Latest filing: 2024
Total Expenses$26K
Total Assets$12K
Grant Records0
Filing Years2020–2024

Mission

THE RIMTA FOUNDATION SERVES AS AN ACTIVE NON-PROFIT ORGANIZATION DEDICATED TO PURSUING THE ENHANCEMENT OF THE RHODE ISLAND MARINE TRADES INDUSTRY IN A WAY THAT IS SUSTAINABLE AND EQUITABLE FOR ALL MEMBERS OF THE RHODE ISLAND MARINE TRADES ASSOCIATION. THIS INCLUDES PURSUANCE OF OPPORTUNITIES RELATED TO THE ENHANCEMENT OF ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, JOB TRAINING, CAREER EDUCATION AND ENVIRONMENTAL AWARENESS. IN COLLABORATION WITH OUR NETWORK OF PUBLIC AND PRIVATE PARTNERS ACROSS THE UNITED STATES, THE RIMTA FOUNDATION INTENDS TO MAKE THE PROGRESSIVE EXPERTISE OF OUR INDUSTRY A PRIMARY EXPORT FOR THE STATE OF RHODE ISLAND.

Officers & Directors

SECRETARY & DIRECTOR Jay Frechette
PAST PRESIDENT & DIRECTOR John Tregenza
PRESIDENT & DIRECTOR Matt Leduc
TREASURER & DIRECTOR Paul Harden
VICE PRESIDENT & DIRECTOR Ray Leblanc
DIRECTOR Richard Cromwell

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $26K $12K
2023 $51K $35K $43K
2022 $25K $133K $53K
2021 $245K $149K $141K
2020 $202K $165K $66K

Between 2020 and 2023, reported annual revenue declined from $202K to $51K (-75%), with total assets most recently reported at $12K.

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

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