Rhode Island Pharmaceutical Association in Warwick, Rhode Island (RI)

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Rhode Island Pharmaceutical Association
Employer Identification Number (EIN)050208695
Name of OrganizationRhode Island Pharmaceutical Association
Address1643 Warwick Ave Box 113, Warwick, RI 02889-1525
ActivitiesProfessional association, Scholarships (other)
SubsectionBoard of Trade
Ruling Date07/1969
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$51,011
Amount of Income$45,319
Form 990 Revenue Amount$30,436

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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$51,065$27,633
Contributions, gifts, grants, and similar amounts received$0$800
Program service revenue including government fees and contracts$17,759$0
Membership dues and assessments$21,355$21,161
Investment income$0$-95
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$8,227$5,767
Gross income from gaming$0$0
Gross income from fundraising events$15,750$12,517
Less: direct expenses from gaming and fundraising events$7,523$6,750
Gross profit/loss from sales of inventory$0$0
Other revenue$3,724$0
Total expenses$60,762$22,023
Total net assets$28,810$38,286
Excess/Deficit for the year$-9,697$5,610
Net assets or fund balances at beginning of year$38,507$35,868
Other changes in net assets or fund balances$0$-3,192
Net assets or fund balances at end of year$38,286
Balance Sheets
Total assets$30,670$38,286
Total liabilities$1,860$0
Net assets or fund balances$28,810$38,286
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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