Form 990 for tax year 2022
Filed by RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC.
Totals
- Total revenue
- $195,559
- Total expenses
- $9,461
- Contributions and grants received
- $195,559
- Grants paid
- $2,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $763,199
- Total liabilities, end of year
- $478,822
- Net assets or fund balances, end of year
- $284,377
- Program services expenses (Part IX)
- $2,500
- Management and general expenses
- $4,114
- Fundraising expenses
- $43
- Program service expenses (Part III)
- $2,000
Program services were 26.4% 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.
-
1c · Fundraising events
$400
-
1d · Related organizations
$10,000
-
1e · Government grants (contributions)
$137,500
-
1f · All other contributions, gifts and grants
$47,659
-
8a · Fundraising events: contributions included on line 1c
$400
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $2,500 · program services $2,500
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $43 · fundraising $43
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $222 · management and general $222
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,804
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,845 · management and general $3,845
-
23 · Insurance
total $0
-
24a · Other expenses: Credit Card Fees
total $47 · management and general $47
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $64,312 · end of year $48,275
-
7 · Other notes and loans receivable
beginning of year $33,967
-
10a · Land, buildings and equipment: cost or other basis
$718,769
-
10b · Land, buildings and equipment: accumulated depreciation
$3,845
-
10c · Land, buildings and equipment, net
end of year $714,924
-
18 · Grants payable
end of year $137,500
-
25 · Other liabilities
end of year $341,322
-
31 · Retained earnings, endowment or other funds
beginning of year $98,279 · end of year $284,377
Mission and programs · 2022
Mission
COMPLETE CDBG PROGRAM
Activities or mission (Part I)
TO PROVIDE MICRO-LOANS GRANT SERVICES TO SMALL BUSINESSES IN RHODE ISLAND
-
PROVIDE SCHOLARSHIP
Expenses $2,000 · Grants $2,000 · Revenue $35,500
As filed on the 2022 return.
Listed in Part VII
-
Lisa RanglinLISA RANGLIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 30 + 30 related
-
Evelyn RanoneEVELYN RANONE
SECRETARY
- Total calculated
- $0
- Hours/week
- 10 + 10 related
-
Grant FalconerGRANT FALCONER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Marjorie Delille CassionMARJORIE DELILLE CASSION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Isseniel RodriguezISSENIEL RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Darrell MooreDARRELL MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349311363
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