Form 990 for tax year 2023
Filed by LEADERSHIP RHODE ISLAND EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $1,671,501
- Total expenses
- $1,725,584
- Contributions and grants received
- $710,348
- Grants paid
- $78,590
- Program service revenue
- $951,120
- Investment income
- $10,033
- Other revenue
- $0
- Total assets, end of year
- $1,545,524
- Total liabilities, end of year
- $690,564
- Net assets or fund balances, end of year
- $854,960
- Program services expenses (Part IX)
- $1,426,253
- Management and general expenses
- $179,140
- Fundraising expenses
- $120,191
- Program service expenses (Part III)
- $1,426,253
Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$710,348
-
2a · Program service revenue: PROGRAM SERVICES
total $669,134 · related or exempt $669,134
-
2b · Program service revenue: STRENTH TRAINING
total $281,986 · related or exempt $281,986
-
3 · Investment income
total $11,244 · excluded $11,244
-
7a · Gross sales of assets other than inventory
other assets $35,114
-
7b · Less cost or other basis and sales expenses
other assets $36,325
-
7c · Gain or loss
other assets -$1,211
-
7d · Net gain or loss
total -$1,211 · excluded -$1,211
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $78,590 · program services $78,590
-
5 · Compensation of officers, directors and key employees
total $129,121 · program services $96,841 · management and general $12,912 · fundraising $19,368
-
7 · Other salaries and wages
total $789,992 · program services $660,190 · management and general $70,331 · fundraising $59,471
-
8 · Pension plan contributions
total $21,537 · program services $18,006 · management and general $1,923 · fundraising $1,608
-
9 · Other employee benefits
total $48,394 · program services $39,842 · management and general $4,398 · fundraising $4,154
-
10 · Payroll taxes
total $75,724 · program services $62,342 · management and general $6,882 · fundraising $6,500
-
11c · Fees: accounting
total $20,425 · management and general $20,425
-
11g · Fees: other
total $125,552 · program services $120,801 · management and general $4,425 · fundraising $326
-
12 · Advertising and promotion
total $4,285 · program services $4,285
-
13 · Office expenses
total $98,740 · program services $82,964 · management and general $9,795 · fundraising $5,981
-
14 · Information technology
total $72,708 · program services $53,425 · management and general $4,203 · fundraising $15,080
-
16 · Occupancy
total $83,865 · program services $64,545 · management and general $12,590 · fundraising $6,730
-
17 · Travel
total $4,998 · program services $4,737 · management and general $158 · fundraising $103
-
19 · Conferences, conventions and meetings
total $143,904 · program services $128,630 · management and general $15,084 · fundraising $190
-
22 · Depreciation, depletion and amortization
total $18,926 · program services $3,632 · management and general $15,294
-
23 · Insurance
total $7,920 · program services $6,520 · management and general $720 · fundraising $680
-
24a · Other expenses: BAD DEBT EXPENSE
total $903 · program services $903
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $679,840 · end of year $509,289
-
2 · Savings and temporary cash investments
end of year $80,688
-
4 · Accounts receivable
beginning of year $19,432 · end of year $98,032
-
9 · Prepaid expenses and deferred charges
beginning of year $15,534 · end of year $19,821
-
10a · Land, buildings and equipment: cost or other basis
$134,426
-
10b · Land, buildings and equipment: accumulated depreciation
$48,314
-
10c · Land, buildings and equipment, net
beginning of year $31,797 · end of year $86,112
-
11 · Investments: publicly traded securities
beginning of year $441,831 · end of year $489,133
-
15 · Other assets
beginning of year $328,569 · end of year $262,449
-
17 · Accounts payable and accrued expenses
beginning of year $48,800 · end of year $44,288
-
19 · Deferred revenue
beginning of year $262,901 · end of year $376,596
-
25 · Other liabilities
beginning of year $332,555 · end of year $269,680
-
27 · Net assets without donor restrictions
beginning of year $665,604 · end of year $592,486
-
28 · Net assets with donor restrictions
beginning of year $207,143 · end of year $262,474
Mission and programs · 2023
Mission
WE ENGAGE AND CONNECT PEOPLE THROUGH SHARED EXPERIENCES THAT POSITIVELY TRANSFORM INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES. WE SEE A RHODE ISLAND THAT IS FLOURISHING- ECONOMICALLY, CIVICALLY, CULTURALLY- BUILT ON A FOUNDATION OF EVER-IMPROVING HUMAN CAPITAL WHOSE STRENGTHS AND POTENTIAL WE SPEND EACH DAY REVEALING AND IGNITING. WE SEE THE LESSONS OF THIS LIVELY LEADERSHIP EXPERIMENT BEING SHARED AND AMPLIFIED AROUND THE COUNTRY AND THE WORLD TO NURTURE THE FULLY-ENGAGED SOCIETIES THAT CREATE LASTING, POSITIVE CHANGE.
Activities or mission (Part I)
WE ENGAGE AND CONNECT PEOPLE THROUGH SHARED EXPERIENCES THAT POSITIVELY TRANSFORM INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES.
-
LEADERSHIP DEVELOPMENT:INVESTING IN THE PERSONAL AND PROFESSIONAL GROWTH OF DIVERSE LEADERS ACROSS SECTORS, INDUSTRIES, GENERATIONS AND COMMUNITIES TO GAIN A BETTER UNDERSTANDING OF THE RHODE ISLAND'S CURRENT CHALLENGES AND FUTURE OPPORTUNITIES; FACILITATING CONNECTIVITY AND COLLABORATION ACROSS INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES; FOSTERING CIVIC UNDERSTANDING AND COMMUNITY ENGAGEMENT IN RHODE ISLAND. IN 2023, LRI GRADUATED A TOTAL OF 127 INDIVIDUALS FROM THE CORE PROGRAM (74), COLLEGE PROGRAM (28) AND SENIOR FELLOWS PROGRAM (25).
Expenses $578,562 · Grants $78,590 · Revenue $502,094
-
COMMUNITY ENGAGEMENT (TRIS):NURTURING TRUSTING RELATIONSHIPS THAT FACILITATE ACCESS AND BELONGING; CONVENING AND ACTIVATING THE ALUMNI NETWORK TO MAKE HIGH-IMPACT CONTRIBUTIONS; CREATING EMOTIONAL ENGAGEMENT THAT FACILITATES PLACE ATTACHMENT AND INVESTMENT IN RHODE ISLAND; COLLABORATING WITH RHODE ISLAND INSTITUTIONS AND LEADERS ACROSS SECTORS, INDUSTRIES AND COMMUNITIES ON PROGRAMS AND PROJECTS THAT ADVANCE AND PROMOTE RHODE ISLAND. IN 2023, THE TRANSFORM RI SCHOLARSHIP IMPLEMENTATION IN WOONSOCKET RESULTED IN 79 COMMUNITY PARTNERS ENGAGED THROUGH LEADERSHIP IN ACTION PROJECTS, 1,562 DONATIONS FOR LOCAL YOUTH AND NONPROFIT ORGANIZATIONS, AND 2,931 INDIVIDUALS POSITIVELY IMPACTED OVERALL.
Expenses $473,533 · Revenue $206,892
-
STRENGTH TRAINING:EMPOWERING PEOPLE TO THRIVE IN THEIR WORKPLACES AND COMMUNITIES BY SUPPORTING ORGANIZATIONS, PROGRAMS AND BOARDS WITH STRENGTHS-BASED TRAINING AND CONSULTING SERVICES. OUTCOMES INCLUDE INCREASED EMPLOYEE ENGAGEMENT, COLLABORATION AND PERFORMANCE, THEREBY POSITIVELY IMPACTING THE COLLECTIVE SELF ESTEEM AND WELLBEING OF RHODE ISLANDERS AND SUSTAINING RHODE ISLAND AS THE FIRST STRENGTHS-BASED STATE IN THE COUNTRY. IN 2023, LRI TRAINED 1,661 INDIVIDUALS ACROSS 92 ORGANIZATIONS AND PROGRAMS.
Expenses $297,464 · Revenue $236,195
-
ALUMNI NETWORK :BUILD AND WEAVE AUTHENTIC NETWORKS OF DIVERSE LEADERS ACROSS SECTORS AND GENERATIONS TO FORM CONNECTIONS AND MUTUALLY BENEFICIAL RELATIONSHIPS FOR THEMSELVES AND RHODE ISLAND. PROVIDE INFORMATION TO MEMBERS REGARDING THE POLITICAL SYSTEM, HISTORY, STRENGTHS, WEAKNESSES, PROBLEMS & ISSUES RELATING TO RI.
Expenses $76,694 · Revenue $5,939
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
PETER RUMSEY
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
OLIVER TUTT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
ASHIA GRAZIANO
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
HAMZA CHAUDARY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
SHARON CONARD-WELLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TING BARNARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VINCENT GEBHART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE LEONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GREG GARVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PRISCILLA GONZALEZ-SANTOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BILL FITZGERALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRETT GERSTENBLATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ERNIE ALMONTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JENNIE SILBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN BENNETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SEAN FONTES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE CARR
EXECUTIVE DIRECTOR
- Total calculated
- $129,121
- From this org
- $125,360
- From related orgs
- $0
- Other
- $3,761
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423179349300817
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