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Nonprofiteer
← PARTNERSHIP FOR RHODE ISLAND

Form 990 for tax year 2022

Filed by PARTNERSHIP FOR RHODE ISLAND.

Totals

Total revenue
$1,248,587
Total expenses
$1,095,243
Contributions and grants received
$48,587
Grants paid
$297,179
Program service revenue
$1,200,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,442,025
Total liabilities, end of year
$1,179,600
Net assets or fund balances, end of year
$1,262,425
Program services expenses (Part IX)
$975,938
Management and general expenses
$119,305
Fundraising expenses
$0
Program service expenses (Part III)
$975,938

Program services were 89.1% 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

    $48,587

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,200,000 · related or exempt $1,200,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $297,179 · program services $297,179

  • 5 · Compensation of officers, directors and key employees

    total $293,795 · program services $264,415 · management and general $29,380

  • 10 · Payroll taxes

    total $14,169 · program services $12,752 · management and general $1,417

  • 11b · Fees: legal

    total $9,783 · management and general $9,783

  • 11c · Fees: accounting

    total $69,748 · management and general $69,748

  • 11g · Fees: other

    total $296,466 · program services $296,466

  • 12 · Advertising and promotion

    total $26,000 · program services $26,000

  • 13 · Office expenses

    total $9,064 · program services $9,064

  • 16 · Occupancy

    total $6,000 · program services $5,400 · management and general $600

  • 19 · Conferences, conventions and meetings

    total $71,847 · program services $64,662 · management and general $7,185

  • 23 · Insurance

    total $1,192 · management and general $1,192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,518,554 · end of year $2,442,025

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,144 · end of year $110,758

  • 18 · Grants payable

    beginning of year $147,135 · end of year $143,235

  • 19 · Deferred revenue

    beginning of year $209,194 · end of year $925,607

  • 27 · Net assets without donor restrictions

    beginning of year $1,109,081 · end of year $1,262,425

Mission and programs · 2022

Mission

THE CORPORATION WILL BRING TOGETHER CHIEF EXECUTIVE OFFICERS FROM RI LEADING BUSINESSES AND INSTITUTIONS TO BRING ABOUT CIVIC BETTERMENTS, TACKLE SYSTEM ISSUES AND ACHIEVE LASTING IMPROVEMENT IN THE STATE'S ECONOMY IN COLLABORATION WITH PUBLIC OFFICIALS AND BUSINESS CIVIC LEADERS

Activities or mission (Part I)

BRING TOGETHER RI BUSINESS LEADERS TO BRING ABOUT CIVIC BETTERMENT, TACKLE SYSTEM ISSUES AND ACHIEVE LASTING IMPROVEMENT IN THE STATE'S ECONOMY IN COLLABORATION WITH PUBLIC OFFICIALS AND BUSINESS CIVIC LEADERS.

  • THE LEAD RI PARTNERSHIP PROGRAM WAS ESTABLISHED TO PROVIDE LEADERSHIP TRAINING TO EDUCATIONAL ADMINISTRATORS IN RHODE ISLAND. IN 2022 THE PARTNERSHIP FOR RHODE ISLAND STARTED THE COMPETE RI PROJECT TO SUPPORT THE STATE'S EFFORTS TO COMPETE FOR FEDERAL FUNDING.

    Expenses $975,938 · Grants $297,179 · Revenue $1,200,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Lawson

    PRESIDENT (TO 6/22)

    Total calculated
    $0
    Hours/week
    1

  • John Galvin

    PRESIDENT (AS 7/22)

    Total calculated
    $0
    Hours/week
    1

  • Thomas Gilbane

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Neil Steinberg

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Dimuccio

    DIRECTOR (TO 12/22)

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Paxson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Van Saun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Vincent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Galvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marth Wooford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Lynch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Malcolm Roberts

    DIRECTOR (AS OF 7/22)

    Total calculated
    $0
    Hours/week
    1

  • Vince Sadusky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Giordano

    EXECUTIVE DIRECTOR

    Total calculated
    $294,929
    From this org
    $260,846
    From related orgs
    $0
    Other
    $34,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,846
    Bonus
    $42,000
    Other
    $0
    Deferred
    $9,074
    Nontaxable benefits
    $25,009
    Filer's total
    $294,929

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349311939

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