Form 990 for tax year 2022
Filed by RHODE ISLAND BLACK BUSINESS ASSOCIATION.
Totals
- Total revenue
- $986,623
- Total expenses
- $798,585
- Contributions and grants received
- $866,716
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $6,678
- Other revenue
- $113,229
- Total assets, end of year
- $1,433,712
- Total liabilities, end of year
- $131,187
- Net assets or fund balances, end of year
- $1,302,525
- Program services expenses (Part IX)
- $308,132
- Management and general expenses
- $427,903
- Fundraising expenses
- $51,829
- Program service expenses (Part III)
- not reported
Program services were 38.6% 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.
-
1b · Membership dues
$8,276
-
1e · Government grants (contributions)
$616,354
-
1f · All other contributions, gifts and grants
$242,086
-
3 · Investment income
total $6,678
-
8a · Fundraising events: gross income
$113,229
-
8c · Net income from fundraising events
total $113,229
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $10,721
-
5 · Compensation of officers, directors and key employees
total $104,127 · program services $31,238 · management and general $62,476 · fundraising $10,413
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $322,068 · program services $141,710 · management and general $180,358
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $47,259 · program services $20,794 · management and general $26,465
-
11a · Fees: management
total $5,623 · management and general $5,623
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,673 · management and general $11,673
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $41,014 · fundraising $41,014
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,352 · management and general $1,352
-
12 · Advertising and promotion
total $4,910 · management and general $4,910
-
13 · Office expenses
total $14,760 · program services $7,943 · management and general $6,817
-
14 · Information technology
total $4,030 · program services $4,030
-
15 · Royalties
total $0
-
16 · Occupancy
total $25,384 · program services $25,384
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $10,117 · management and general $10,117
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,470 · management and general $2,470
-
24a · Other expenses: Supplies
total $6,220 · management and general $5,818 · fundraising $402
-
24b · Other expenses: Outside Contract Services
total $89,432 · management and general $89,432
-
24c · Other expenses: Business Development-Outreach
total $9,183 · management and general $9,183
-
24d · Other expenses: Forgivable Microloan Program
total $66,500 · program services $66,500
-
24e · All other expenses
total $21,742 · program services $10,533 · management and general $11,209
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $236,583 · end of year $169,305
-
2 · Savings and temporary cash investments
end of year $570,094
-
4 · Accounts receivable
end of year $341,322
-
7 · Other notes and loans receivable
beginning of year $161,954 · end of year $352,991
-
17 · Accounts payable and accrued expenses
beginning of year $3,988 · end of year $56,187
-
18 · Grants payable
beginning of year $4,650 · end of year $75,000
-
19 · Deferred revenue
beginning of year $163,967
-
27 · Net assets without donor restrictions
beginning of year $225,932 · end of year $1,302,525
Mission and programs · 2022
Mission
The RI Black Business Association is a non-profit organization dedicated to advancing the opportunities and vitality of Black and minority businesses and professionals in RI through acess to capital, business development resources, entrepreneur training, business advocacy, and workforce development.
Activities or mission (Part I)
To help Black and minority businesses grow and scale.
-
Program and services deisgned to help black businesses grow with one-on one business development assistance
As filed on the 2022 return.
Listed in Part VII
-
Grant FalconerGRANT FALCONER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Evelyn RanoneEVELYN RANONE
SECRETARY
- Total calculated
- $0
- Hours/week
- 10 + 10 related
-
Darrell MooreDARRELL MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Tyler JosephTYLER JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Berry-Jean MurrayBERRY-JEAN MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Marjorie Dilille CassionMARJORIE DILILLE CASSION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Isseniel RodriquezISSENIEL RODRIQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Lisa RanglinLISA RANGLIN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40 + 40 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
- 202343199349311224
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.