Rhode Island Cpcu Scholarship Fund

Lincoln, RI
Tax-exempt since March 1994
EIN: 05-0473536

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$103k (2024)

Expenses

$57.7k (2024)

Total Assets

$1.37M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$103,439

Expenses

$57,696

Net Income

$45,743

Net Assets

$1,372,794

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,560	17.0%
Interest Revenue	$0
Dividends	$28,101	27.2%
Sales of Assets	$57,778	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,696	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,372,794
Total Liabilities	$0
Net Assets	$1,372,794

Compensation

Key Employees and Officers	Compensation	Other
Brian A Rusate (President)	$0	$0
Stefvan Drezek (Treasurer)	$0	$0
Michelle N Pelletier (Secretary)	$0	$0
Traci Adedeji (Director)	$0	$0
David E Fales (Director)	$0	$0
Todd R Larson (Director)	$0	$0
Allan Mcdermott (Director)	$0	$0
John Tickner (Director)	$0	$0

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990-PF

Filed on March 4, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending June
2023

Revenue

$40,202

Expenses

$46,664

Net Income

-$6,462

Net Assets

$1,232,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,342	18.3%
Program Services	$0
Investment Income	$32,860	81.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,232,975
Total Liabilities	$0
Net Assets	$1,232,975

Compensation

Key Employees and Officers	Compensation	Related	Other
Todd Larson (Director)	$0	$0	$0
Michelle Pelletier (Secretary)	$0	$0	$0
John Tickner (Director)	$0	$0	$0
Brian Rusate (President)	$0	$0	$0
Stefvan Drezek (Treasurer)	$0	$0	$0
David Fales (Director)	$0	$0	$0
Allan Mcdermott (Director)	$0	$0	$0
Traci Adedeji (Director)	$0	$0	$0

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990

Filed on Aug. 22, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$61,635

Expenses

$46,292

Net Income

$15,343

Net Assets

$1,151,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,975	25.9%
Program Services	$0
Investment Income	$45,660	74.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,151,447
Total Liabilities	$0
Net Assets	$1,151,447

Compensation

Key Employees and Officers	Compensation	Related	Other
Todd Larson (Director)	$0	$0	$0
Michelle Pelletier (Director)	$0	$0	$0
John Tickner (Director)	$0	$0	$0
Brian Rusate (President)	$0	$0	$0
Stefvan Drezek (Treasurer)	$0	$0	$0
David Fales (Secretary)	$0	$0	$0
Allan Mcdermott (Director)	$0	$0	$0
Sean Daly (Director)	$0	$0	$0
Traci Adedeji (Director)	$0	$0	$0

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990

Filed on Aug. 2, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2021

Revenue

$39,713

Expenses

$42,488

Net Income

-$2,775

Net Assets

$1,346,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,805	12.1%
Program Services	$0
Investment Income	$34,908	87.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,346,639
Total Liabilities	$0
Net Assets	$1,346,639

Compensation

Key Employees and Officers	Compensation	Related	Other
Todd Larson (Director)	$0	$0	$0
Michelle Pelletier (Director)	$0	$0	$0
John Tickner (Director)	$0	$0	$0
Brian Rusate (President)	$0	$0	$0
Stefvan Drezek (Treasurer)	$0	$0	$0
David Fales (Secretary)	$0	$0	$0
Allan Mcdermott (Director)	$0	$0	$0
Sean Daly (Director)	$0	$0	$0
Traci Adedeji (Director)	$0	$0	$0

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990

Filed on Oct. 28, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2020

Revenue

$48,336

Expenses

$36,903

Net Income

$11,433

Net Assets

$1,113,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,310	46.2%
Program Services	$0
Investment Income	$26,026	53.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,113,744
Total Liabilities	$0
Net Assets	$1,113,744

Compensation

Key Employees and Officers	Compensation	Related	Other
Todd Larson (Director)	$0	$0	$0
Michelle Karn (Director)	$0	$0	$0
John Tickner (Director)	$0	$0	$0
Brian Rusate (Director)	$0	$0	$0
Stefvan Drezek (Treasurer)	$0	$0	$0
David Fales (Secretary)	$0	$0	$0
Allan Mcdermott (President)	$0	$0	$0
Sean Daly (Director)	$0	$0	$0

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990

Filed on July 6, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$39,918

Expenses

$32,127

Net Income

$7,791

Net Assets

$1,045,675

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,135	42.9%
Program Services	$0
Investment Income	$22,783	57.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,045,675
Total Liabilities	$0
Net Assets	$1,045,675

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$46,397

Expenses

$31,926

Net Income

$14,471

Net Assets

$975,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,546	57.2%
Program Services	$0
Investment Income	$19,851	42.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$975,391
Total Liabilities	$0
Net Assets	$975,391

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$47,173

Expenses

$26,774

Net Income

$20,399

Net Assets

$904,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,435	62.4%
Program Services	$0
Investment Income	$17,738	37.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$904,683
Total Liabilities	$0
Net Assets	$904,683

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$38,365

Expenses

$26,868

Net Income

$11,497

Net Assets

$801,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$21,942	57.2%
Program Services	$0
Investment Income	$16,423	42.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$801,908
Total Liabilities	$0
Net Assets	$801,908

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$45,639

Expenses

$26,738

Net Income

$18,901

Net Assets

$791,118

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,622	67.1%
Program Services	$0
Investment Income	$15,017	32.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$791,118
Total Liabilities	$0
Net Assets	$791,118

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$39,959

Expenses

$22,697

Net Income

$17,262

Net Assets

$749,843

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,586	66.5%
Program Services	$0
Investment Income	$13,373	33.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$749,843
Total Liabilities	$0
Net Assets	$749,843

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$42,830

Expenses

$20,664

Net Income

$22,166

Net Assets

$642,380

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,139	70.4%
Program Services	$0
Investment Income	$12,692	29.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$642,380
Total Liabilities	$0
Net Assets	$642,380

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2012

Revenue

$42,639

Expenses

$18,631

Net Income

$24,008

Net Assets

$564,616

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,942	72.6%
Program Services	$0
Investment Income	$11,697	27.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$564,616
Total Liabilities	$0
Net Assets	$564,616

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$39,837

Expenses

$16,022

Net Income

$23,815

Net Assets

$520,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$28,339	71.1%
Program Services	$0
Investment Income	$11,498	28.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$520,768
Total Liabilities	$0
Net Assets	$520,768

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Rhode Island Cpcu Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $103k (2024)

Expenses $57.7k (2024)

Total Assets $1.37M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Revenue

$103k (2024)

Expenses

$57.7k (2024)

Total Assets

$1.37M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

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2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

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2010

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2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002