Skip to the page content
Your donations
Passes our checks

Rimta Foundation

EIN 82-3979153 · Newport, RI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceFair50 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE RIMTA FOUNDATION SERVES AS AN ACTIVE NON-PROFIT ORGANIZATION DEDICATED TO PURSUING THE ENHANCEMENT OF THE RHODE ISLAND MARINE TRADES INDUSTRY IN A WAY THAT IS SUSTAINABLE AND EQUITABLE FOR ALL MEMBERS OF THE RHODE ISLAND MARINE TRADES ASSOCIATION. THIS INCLUDES PURSUANCE OF OPPORTUNITIES RELATED TO THE ENHANCEMENT OF ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, JOB TRAINING, CAREER EDUCATION AND ENVIRONMENTAL AWARENESS. IN COLLABORATION WITH OUR NETWORK OF PUBLIC AND PRIVATE PARTNERS ACROSS THE UNITED STATES, THE RIMTA FOUNDATION INTENDS TO MAKE THE PROGRESSIVE EXPERTISE OF OUR INDUSTRY A PRIMARY EXPORT FOR THE STATE OF RHODE ISLAND.

Income
$0
Spending
$25,916
Spent on programs
94%
Reserves
5.7 months of spending
Employees
0
Volunteers
6

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 50 out of 100. Higher than 19% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $24,382 spent. THE RIMTA FOUNDATION REMAINS COMMITTED TO ADVANCING SUSTAINABILITY WITHIN RHODE ISLAND'S MARINE TRADES INDUSTRY THROUGH A SERIES OF IMPACTFUL ENVIRONMENTAL INITIATIVES. THE RHODE ISLAND FIBERGLASS VESSEL RECYCLING PROGRAM CONTINUES TO EXPLORE SUSTAINABLE ALTERNATIVES FOR END-OF-LIFE BOAT DISPOSAL BY DEVELOPING SCALABLE RECYCLING SOLUTIONS, INCLUDING REPURPOSING FIBERGLASS WASTE FOR INDUSTRIAL APPLICATIONS. THIS PROGRAM BUILDS ON RESEARCH AND PILOT PROJECTS TO CREATE VIABLE RECYCLING PATHWAYS THAT REDUCE LANDFILL WASTE AND PROMOTE INDUSTRY-WIDE ENVIRONMENTAL STEWARDSHIP. ADDITIONALLY, THE RHODE ISLAND CLEAN MARINA PROGRAM PROVIDES TECHNICAL ASSISTANCE AND CERTIFICATION TO MARINAS IMPLEMENTING BEST MANAGEMENT PRACTICES THAT PROTECT COASTAL WATERWAYS, ENSURING COMPLIANCE WITH ENVIRONMENTAL REGULATIONS WHILE PROMOTING ECO-FRIENDLY OPERATIONS. THE FOUNDATION ALSO SUPPORTS A BOATBUILDING INTERNSHIP PROGRAM FOR STUDENTS FROM BRISTOL, RI, OFFERING HANDS-ON TRAINING IN TRADITIONAL AND SUSTAINABLE BOATBUILDING TECHNIQUES. THESE PROGRAMS COLLECTIVELY REINFORCE THE FOUNDATION'S MISSION TO INTEGRATE ENVIRONMENTAL RESPONSIBILITY WITH WORKFORCE DEVELOPMENT, ENSURING A MORE SUSTAINABLE FUTURE FOR RHODE ISLAND'S MARINE TRADES.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.