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Nonprofiteer
← PARTNERSHIP FOR RHODE ISLAND

Form 990 for tax year 2024

Filed by PARTNERSHIP FOR RHODE ISLAND.

Totals

Total revenue
$1,742,641
Total expenses
$1,301,855
Contributions and grants received
$322,000
Grants paid
$148,954
Program service revenue
$1,400,000
Investment income
$20,641
Other revenue
$0
Total assets, end of year
$2,045,286
Total liabilities, end of year
$357,609
Net assets or fund balances, end of year
$1,687,677
Program services expenses (Part IX)
$1,104,496
Management and general expenses
$197,359
Fundraising expenses
$0
Program service expenses (Part III)
$1,104,496

Program services were 84.8% 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

    $322,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,400,000 · related or exempt $1,400,000

  • 3 · Investment income

    total $20,641 · excluded $20,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $148,954 · program services $148,954

  • 5 · Compensation of officers, directors and key employees

    total $328,406 · program services $295,566 · management and general $32,840

  • 10 · Payroll taxes

    total $14,309 · program services $12,878 · management and general $1,431

  • 11b · Fees: legal

    total $20,288 · management and general $20,288

  • 11c · Fees: accounting

    total $64,532 · management and general $64,532

  • 11g · Fees: other

    total $579,584 · program services $579,584

  • 13 · Office expenses

    total $69,562 · program services $51,056 · management and general $18,506

  • 16 · Occupancy

    total $56,617 · management and general $56,617

  • 19 · Conferences, conventions and meetings

    total $18,287 · program services $16,458 · management and general $1,829

  • 23 · Insurance

    total $1,316 · management and general $1,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,935,074 · end of year $2,045,286

  • 3 · Pledges and grants receivable

    beginning of year $25,607

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,362

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,152 · end of year $57,609

  • 18 · Grants payable

    beginning of year $50,000

  • 19 · Deferred revenue

    beginning of year $600,000 · end of year $300,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,246,891 · end of year $1,687,677

Mission and programs · 2024

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 COMPETE RI PROGRAM BUILT A STATEWIDE FUNCTION TO APPLY FOR FEDERAL FUNDING THAT IS FREE OF CHARGE FOR STATE GOVERNMENT, CITIES AND TOWNS AND NONPROFIT ORGANIZATIONS.

    Expenses $1,104,496 · Grants $148,954 · Revenue $1,400,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Fernandez

    PRESIDENT (AS OF 12/24)

    Total calculated
    $0
    Hours/week
    1
  • John Galvin

    PRESIDENT (TO 12/24)

    Total calculated
    $0
    Hours/week
    1
  • Thomas Gilbane

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Christina Paxson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • David Cicilline

    TREASURER

    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
  • Martha Wooford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Lynch

    DIRECTOR (TO 11/24)

    Total calculated
    $0
    Hours/week
    1
  • Malcolm Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Vince Sadusky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Cocks

    DIRECTOR (TO 1/24)

    Total calculated
    $0
    Hours/week
    1
  • Brian Moynihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ted Shallcross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Crisafulli

    DIRECTOR (AS OF 1/24)

    Total calculated
    $0
    Hours/week
    1
  • Mike Wagner

    DIRECTOR (AS OF 1/24)

    Total calculated
    $0
    Hours/week
    1
  • David Joyner

    DIRECTOR AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1
  • Thomas Giordano

    EXECUTIVE DIRECTOR

    Total calculated
    $285,231
    From this org
    $285,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,231
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $285,231

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349320588

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