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Nonprofiteer
← JANE ADDAMS RESOURCE CORPORATION - RHODE ISLAND

Form 990 for tax year 2023

Filed by JANE ADDAMS RESOURCE CORPORATION - RHODE ISLAND.

Totals

Total revenue
$1,500,367
Total expenses
$981,529
Contributions and grants received
$1,375,090
Grants paid
$0
Program service revenue
$20,800
Investment income
$0
Other revenue
$104,477
Total assets, end of year
$1,539,203
Total liabilities, end of year
$1,085,249
Net assets or fund balances, end of year
$453,954
Program services expenses (Part IX)
$913,736
Management and general expenses
$67,793
Fundraising expenses
$0
Program service expenses (Part III)
$913,736

Program services were 93.1% 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.

  • 1e · Government grants (contributions)

    $323,873

  • 1f · All other contributions, gifts and grants

    $1,051,217

  • 2a · Program service revenue: PROGRAM INCOME AND FEE

    total $20,800 · related or exempt $20,800

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $104,477 · related or exempt $104,477

  • 11e · Other revenue, total

    $104,477

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $519 · program services $519

  • 11c · Fees: accounting

    total $13,570 · program services $13,510 · management and general $60

  • 11g · Fees: other

    total $60 · program services $60

  • 12 · Advertising and promotion

    total $1,729 · program services $1,417 · management and general $312

  • 13 · Office expenses

    total $17,818 · program services $17,500 · management and general $318

  • 14 · Information technology

    total $5,687 · program services $5,687

  • 16 · Occupancy

    total $138,998 · program services $78,347 · management and general $60,651

  • 17 · Travel

    total $15,073 · program services $14,077 · management and general $996

  • 22 · Depreciation, depletion and amortization

    total $92,465 · program services $92,465

  • 23 · Insurance

    total $3,734 · program services $3,734

  • 24a · Other expenses: MANAGEMENT AGREEMENT

    total $639,225 · program services $639,225

  • 24b · Other expenses: PROGRAMMATIC SUPPLIES A

    total $28,360 · program services $28,225 · management and general $135

  • 24c · Other expenses: MISCELLANEOUS

    total $11,757 · program services $6,436 · management and general $5,321

  • 24d · Other expenses: PARTICIPANT ASSISTANCE

    total $8,083 · program services $8,083

  • 24e · All other expenses

    total $4,451 · program services $4,451

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,375 · end of year $177,605

  • 3 · Pledges and grants receivable

    beginning of year $270,434 · end of year $377,831

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,759 · end of year $37,305

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

    $428,454

  • 10b · Land, buildings and equipment: accumulated depreciation

    $122,706

  • 10c · Land, buildings and equipment, net

    beginning of year $398,213 · end of year $305,748

  • 15 · Other assets

    beginning of year $462,929 · end of year $640,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,005 · end of year $72,596

  • 19 · Deferred revenue

    end of year $100,000

  • 25 · Other liabilities

    beginning of year $1,229,589 · end of year $912,653

  • 27 · Net assets without donor restrictions

    beginning of year -$64,884 · end of year $453,954

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

PROMOTE STRONG COMMUNITIES, BUSINESSES AND HOUSEHOLDS TO ENSURE THAT PEOPLE WHO WORK DO NOT LIVE IN POVERTY.

  • COMPUTER NUMERICAL CONTROL (CNC) FAST TRACK - THE CNC FAST TRACK PROGRAM OFFERS 500 HOURS ( 20 WEEKS) OF HANDS-ON CNC MACHINE TRAINING. THE CURRICULUM PREPARES STUDENTS FOR ENTRY-LEVEL CNC OPERATOR POSITIONS BUT ALSO TRAINS STUDENTS IN SKILL SETS THAT ALLOW THEM TO ADVANCE UP THE CAREER LADDER INTO POSITIONS SUCH AS CNC SET-UP, PROGRAMMING AND QUALITY CONTROL.

    Expenses $417,654 · Revenue $57,236

  • MANUFACTURING BRIDGE - THE PROGRAM PREPARES JOB SEEKERS FOR ADVANCED MANUFACTURING TRAINING PROGRAMS, SUCH AS CNC AND WELDING FAST TRACK PROGRAMS, OR FOR ENTRY LEVEL EMPLOYMENT IN MANUFACTURING OR CONSTRUCTION. THE PROGRAM OFFERS 192 HOURS (12 WEEKS) OF TRAINING.

    Expenses $376,712 · Revenue $51,682

  • BUSINESS AND WORKFORCE SERVICES - THE PROGRAM DESIGNS AND DELIVERS CUSTOMIZED TRAINING SOLUTIONS FOR MANUFACTURING COMPANIES.

    Expenses $118,064 · Revenue $16,180

  • OTHER PROGRAM SERVICES

    Expenses $1,306 · Revenue $179

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tammy Phillips

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Darnell Shields Chicago

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Teaera Strum Baltimore

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Lindsey Brickle

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Andrew Bray

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Brett Mueller

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Colin Cosgrove

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Linda Dworak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Matthew Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Andrew Crowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sequane Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John-Paul Paonessa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Paul Shadle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Regan Brewer Johnson

    PRESIDENT

    Total calculated
    $166,367
    From this org
    $0
    From related orgs
    $147,682
    Other
    $18,685
    Hours/week
    17.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,682 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,190 related
    Nontaxable benefits
    $0 + $15,495 related
    Filer's total
    $0 + $166,367 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. 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 · 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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202541269349301649

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