Nonprofit · EIN 88-2461260
BANKNEWPORT CHARITABLE FOUNDATION
Tax-exempt · MIDDLETOWN, RI 02842
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $990,759 | $705,154 | $285,605 | $13,478,372 | $0 | $13,478,372 |
| December 31, 2024 | 990-PF | $365,620 | $602,595 | -$236,975 | $12,454,686 | $0 | $12,454,686 |
| December 31, 2023 | 990-PF | $330,898 | $52,137 | $278,761 | $12,278,893 | $0 | $12,278,893 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $500,000
- Dividends
- $262,476
- Interest
- $4,856
- Net gain from sales of assets
- $223,427
Expenses
- Grants and similar amounts paid
- $614,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $623,858
- Excise tax on investment income
- $5,058
Balance sheet and other
- Total assets, start of year
- $12,454,686
- Total assets, end of year
- $13,478,372
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,478,372
- Fair market value of assets
- $13,478,372
- Qualifying distributions
- $623,858
- Net investment income
- $444,271
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN F MURPHY 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | PRESIDENT/DIRECTOR | 1 | $0 |
| GREGORY DERDERIAN 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | TREASURER | 1 | $0 |
| HOLLIE LUSSIER 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | SECRETARY | 1 | $0 |
| ROGER NOLAN 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR (ENDED 03/26/25) | 1 | $0 |
| JAMES WRIGHT 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | CHAIRPERSON | 1 | $0 |
| DAVID BAZARSKY 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| TIMOTHY BURNS 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| PETER CAPODILUPO 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| MARYJO CARR 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| THOMAS IANNOTTI 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| COLIN P KANE 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN F MURPHY 184 John Clarke Road, Newport, RI 02842 | President/DIRECTOR | 1 | $0 |
| Gregory Derderian 184 John Clarke Road, Newport, RI 02842 | Treasurer | 1 | $0 |
| Hollie Lussier 184 John Clarke Road, Newport, RI 02842 | Secretary | 1 | $0 |
| Kathleen Charbonneau 184 John Clarke Road, Newport, RI 02842 | Vice President | 1 | $0 |
| ROGER NOLAN 184 John Clarke Road, Newport, RI 02842 | DIRECTOR | 1 | $0 |
| JAMES WRIGHT 184 John Clarke Road, Newport, RI 02842 | DIRECTOR | 1 | $0 |
| TIMOTHY BURNS 184 John Clarke Road, Newport, RI 02842 | DIRECTOR | 1 | $0 |
| PETER CAPODILUPO 184 John Clarke Road, Newport, RI 02842 | DIRECTOR | 1 | $0 |
| MARYJO CARR 184 John Clarke Road, Newport, RI 02842 | DIRECTOR | 1 | $0 |
| Thomas Iannotti 184 John Clarke Road, Newport, RI 02842 | Director (as of 4/24/2024) | 1 | $0 |
| David G Bazarsky 184 John Clarke Road, Newport, RI 02842 | Director | 1 | $0 |
| Colin P Kane 184 John Clarke Road, Newport, MA 02842 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN F MURPHY 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | PRESIDENT/DIRECTOR | 1 | $0 |
| GREGORY DERDERIAN 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | TREASURER | 1 | $0 |
| HOLLIE LUSSIER 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | SECRETARY | 1 | $0 |
| WENDY KAGAN 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | EXECUTIVE VICE PRESIDENT | 1 | $0 |
| KATHY CHARBONNEAU 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | VICE PRESIDENT | 1 | $0 |
| ROGER NOLAN 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| JAMES WRIGHT 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| DAVID BAZARSKY 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| TIMOTHY BURNS 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| PETER CAPODILUPO 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
| MARYJO CARR 184 JOHN CLARKE ROAD, MIDDLETOWN, RI 02842 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 184 JOHN CLARKE RD, MIDDLETOWN, RI 02842-5633
- In care of
- % GREG DERDERIAN
- Signed the 990-PF
- GREG DERDERIAN, TREASURER
- Phone
- (877) 829-5500
- Return prepared by
- WOLF & COMPANY PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 88-2461260
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $13,478,372
- Income (IRS master file)
- $3,090,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $990,759 | $705,154 | $13,478,372 | IRS |
| 990-PF | December 2024 | $365,620 | $602,595 | $12,454,686 | XML |
| 990-PF | December 2023 | $330,898 | $52,137 | $12,278,893 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-2461260).
Questions about BANKNEWPORT CHARITABLE FOUNDATION
- What is the EIN of BANKNEWPORT CHARITABLE FOUNDATION?
- The employer identification number (EIN) of BANKNEWPORT CHARITABLE FOUNDATION is 88-2461260.
- Is BANKNEWPORT CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BANKNEWPORT CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BANKNEWPORT CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BANKNEWPORT CHARITABLE FOUNDATION 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 BANKNEWPORT CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of BANKNEWPORT CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does BANKNEWPORT CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $990,759, expenses of $705,154 and total assets of $13,478,372 at year end.
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All nonprofits in MIDDLETOWN · Rhode Island · Philanthropy, voluntarism and grantmaking foundations