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Nonprofiteer
← RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC

Form 990 for tax year 2023

Filed by RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC.

Totals

Total revenue
$240,388
Total expenses
$5,181
Contributions and grants received
$238,475
Grants paid
$4,000
Program service revenue
$0
Investment income
$0
Other revenue
$1,913
Total assets, end of year
$1,211,149
Total liabilities, end of year
$684,920
Net assets or fund balances, end of year
$526,229
Program services expenses (Part IX)
$4,700
Management and general expenses
$481
Fundraising expenses
$0
Program service expenses (Part III)
$4,700

Program services were 90.7% 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.

  • 1d · Related organizations

    $10,160

  • 1e · Government grants (contributions)

    $228,315

  • 11a · Other revenue: Scholarship

    total $1,913 · related or exempt $0 · unrelated business $1,913 · excluded $0

  • 11e · Other revenue, total

    $1,913

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,000 · program services $4,000

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $600 · program services $600 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $100 · program services $100 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bank Service Charges

    total $159 · program services $0 · management and general $159 · fundraising $0

  • 24b · Other expenses: Credit Card Fees

    total $300 · program services $0 · management and general $300 · fundraising $0

  • 24c · Other expenses: License & Permit

    total $22 · program services $0 · management and general $22 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,275 · end of year $191,955

  • 10a · Land, buildings and equipment: cost or other basis

    $1,019,194

  • 10c · Land, buildings and equipment, net

    beginning of year $721,569 · end of year $1,019,194

  • 18 · Grants payable

    beginning of year $137,500 · end of year $684,920

  • 25 · Other liabilities

    beginning of year $341,322

  • 31 · Retained earnings, endowment or other funds

    beginning of year $291,022 · end of year $526,229

Mission and programs · 2023

Mission

TO PROVIDE MICRO-LOANS & GRANT SERVICES FOR SMALL BUSINESSES IN RI

  • Provide Scholarship

    Expenses $4,700 · Revenue $1,913

As filed on the 2023 return.

Listed in Part VII

  • LISA RANGLIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • EVELYN MOORE

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • GRANT FALCONER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARJORIE DELILLE CASSION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ISSENIEL RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DARRELL MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
6 November 2024
IRS schema version
2023v5.1
Source object
202423179349308032

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