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Nonprofit · EIN 35-2465487

WESTERLY REVOLVING FUND INC

Tax-exempt · WESTERLY, RI 02891

Financials

$98$1K2023$423$8572024$248$9712025
Revenue Expenses · by fiscal year end
Financials of WESTERLY REVOLVING FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$248$971-$723$30,268–$30,268
December 31, 2024990-EZ$423$857-$434$30,991–$30,991
December 31, 2023990-EZ$98$1,036-$938$31,425–$31,425
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Investment income
$248

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$370
Printing, publications and postage
$205
Other expenses
$396
Program services (functional)
$390

Balance sheet and other

Total assets, start of year
$30,991
Total assets, end of year
$30,268
Total liabilities, end of year
–
Net assets, end of year
$30,268
Cash, savings and investments
$30,268
Gross receipts
$248

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
LOUIS W GINGERELLA JRPresident3$0
MICHAEL J BEDDARDDirector1$0
MARCIA FELBERDirector1$0
FAITH BESSETTE ZITODirector1$0
ANTONIO GOODINGDirector1$0
990-EZ for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
LOUIS W GINGERELLA JRPresident5$0
MICHAEL J BEDDARDDirector1$0
MARCIA FELBERDirector1$0
FAITH BESSETTE ZITODirector1$0
ANTONIO GOODINGDirector1$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
LOUIS W GINGERELLA JRPresident5$0
MICHAEL J BEDDARDDirector1$0
MARCIA FELBERDirector1$0
FAITH BESSETTE ZITODirector1$0
ANTONIO GOODINGDirector1$0

Address and contacts

Address (IRS master file)
PO BOX 112, WESTERLY, RI 02891-0112
In care of
% LOUIS W GINGERELLA JR
Signed the 990-EZ
LOUIS GINGERELLA, President
Phone
(860) 460-0930
Return prepared by
Arthur H Lathrop CPA

Mission

TO PRESERVE HISTORICAL HERITAGE OF WESTERLY AND STIMULATE COMMUNITY REVITALIZATION.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • REVOLVING FUND LOAN PROGRAM - THE ORGANIZATION BECAME ESTABLISHED TO PROVIDE TECHNICAL SERVICES TO PROPERTY OWNERS IN WESTERLY'S HISTORIC NEIGHBORHOODS. STAFF WILL PREPARE FOR COST ESTIMATES FOR PROPERTIES AND EXTERIOR SPECIFICATIONS FOR RESIDENTIAL OR COMMERCIAL PROPERTIES, AND MONITOR RESTORATIONS.
    Expenses $390
  • COMMUNITY REVITALIZATION PROGRAM - IN APRIL 2019, THE ORGANIZATION PURCHASED A MIXED-USE HISTORIC PROPERTY IN NEED OF RENOVATION AT 134 MAIN ST, WESTERLY, RI. THE ORGANIZATION BEGAN THE RENOVATIONS IMMEDIATELY. ALL RELATED EXPENDITURES WERE CAPITALIZED AND THE COMPLETED PROJECT WAS SOLD ON JULY 1, 2021.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-N for WESTERLY REVOLVING FUND INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
35-2465487
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$30,268
Income (IRS master file)
$248

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$248$971$30,268XML
990-EZDecember 2024$423$857$30,991XML
990-EZDecember 2023$98$1,036$31,425XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 35-2465487).

Questions about WESTERLY REVOLVING FUND INC

What is the EIN of WESTERLY REVOLVING FUND INC?
The employer identification number (EIN) of WESTERLY REVOLVING FUND INC is 35-2465487.
Is WESTERLY REVOLVING FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to WESTERLY REVOLVING FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WESTERLY REVOLVING FUND INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of WESTERLY REVOLVING FUND INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WESTERLY REVOLVING FUND INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of WESTERLY REVOLVING FUND INC?
The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does WESTERLY REVOLVING FUND INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $248, expenses of $971 and total assets of $30,268 at year end.

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