Nonprofit · EIN 05-0390916
OCEAN STATE CHARITIES TRUST
Tax-exempt · PAWTUCKET, RI 02860
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $330,537 | $512,439 | -$181,902 | $5,304,666 | $45,828 | $5,258,838 |
| June 30, 2024 | 990 | $394,296 | $581,401 | -$187,105 | $5,320,441 | $51,033 | $5,269,408 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $308,539
- Net gain from sales of assets
- $115,443
- Other revenue
- $21,998
Expenses
- Grants and similar amounts paid
- $253,220
- Compensation of officers, directors and key employees
- $101,214
- Other salaries and wages
- $50,760
- Salaries, compensation and benefits (total)
- $163,836
- Professional fundraising fees
- $0
- Accounting fees
- $30,840
- Occupancy
- $18,298
- Depreciation
- $971
- Program services (functional)
- $437,377
- Management and general (functional)
- $75,062
Balance sheet and other
- Total assets, start of year
- $5,320,441
- Total assets, end of year
- $5,304,666
- Total liabilities, end of year
- $45,828
- Net assets, end of year
- $5,258,838
- Land, buildings and equipment
- $2,570
- Publicly traded securities
- $5,243,214
- Net assets without donor restrictions
- $4,866,453
- Net assets with donor restrictions
- $392,385
- Gross receipts
- $1,619,181
- Employees
- 3
- Year formed
- 1981
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT AVEDISIAN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 |
| MARK RUSSELL | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| AMY VITALE | TREASURER Trustee or director, Officer | 2 | $0 |
| VICTOR CAPELLAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| JANE LYNCH | EXECUTIVE DIRECTOR(END 12/24) Trustee or director, Key employee | 40 | $0 |
| MARISA ALBANESE | INTERIM EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $0 |
| JOHN J PARTRIDGE ESQ | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT AVEDISIAN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 |
| MARK RUSSELL | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| JANE LYNCH | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $0 |
| VICTOR CAPELLAN | SECRETARY Trustee or director | 2 | $0 |
| AMY VITALE | TREASURER Trustee or director | 2 | $0 |
| JOHN J PARTRIDGE ESQ | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1005 MAIN ST UNIT 2123, PAWTUCKET, RI 02860-7806
- In care of
- % CITIZENS BANK
- Principal officer (990 for 2024)
- MARISA A ALBANESE, 1005 MAIN STREET SUITE 2123, PAWTUCKET, RI 02860
- Signed the 990
- SCOTT AVEDISIAN, CHAIRMAN
- Phone
- (401) 728-9008
- Website
- WWW.OSCT.ORG
- Return prepared by
- KPMG LLP
Mission
PROMOTION OF SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND.
Program accomplishments
- AS A CHARITABLE TRUST, OCEAN STATE CHARITIES TRUST PROMOTES SOCIAL WELFARE WITHIN THE STATE OF RHODE ISLAND THROUGH GRANTS TO PUBLIC CHARITIES THAT PROVIDE ASSISTANCE TO CITIZENS WITHIN THE STATE OF RHODE ISLAND, PARTICULARLY THOSE CHARITIES WHOSE PURPOSES IS TO PROMOTE OR SUPPORT HOUSING, HEALTH, EDUCATION AND WELFARE.Expenses $253,220 · grants $253,220
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0390916
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1981
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $5,304,666
- Income (IRS master file)
- $1,619,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $330,537 | $512,439 | $5,304,666 | XML |
| 990 | June 2024 | $394,296 | $581,401 | $5,320,441 | XML |
| 990 | June 2023 | $539,797 | $617,801 | $5,220,158 | IRS |
| 990 | June 2022 | $495,993 | $533,825 | $5,244,206 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0390916).
Questions about OCEAN STATE CHARITIES TRUST
- What is the EIN of OCEAN STATE CHARITIES TRUST?
- The employer identification number (EIN) of OCEAN STATE CHARITIES TRUST is 05-0390916.
- Is OCEAN STATE CHARITIES TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to OCEAN STATE CHARITIES TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does OCEAN STATE CHARITIES TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OCEAN STATE CHARITIES TRUST due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEAN STATE CHARITIES TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OCEAN STATE CHARITIES TRUST?
- The 990 for the year ended June 30, 2025 names MARISA A ALBANESE.
- Who are the officers and directors of OCEAN STATE CHARITIES TRUST?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does OCEAN STATE CHARITIES TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $330,537, expenses of $512,439 and total assets of $5,304,666 at year end.
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