Civic Intelligence

Economic Development Foundation of Rhode Island Inc

990 • Fiscal year 2015 • EIN 05-0319515

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 09, 2015

Organization ProfileN/A
1300 Highland Corporate Dr No 202Cumberland, RI 02864

(401) 658-1050

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2015 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

56th percentile

0.30x

Higher debt load relative to revenue than 56% of similar nonprofits.

2015 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2015

Net Margin

6th percentile

-63%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

79th percentile

$206,602

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 59.0% of source-year revenue.

2015 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2015

Asset Growth

17th percentile

-6.7%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-39%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$6,406,702

Down $458,506 (-6.7%) from 2014

Net Assets

Down

$6,301,815

Down $219,716 (-3.4%) from 2014

Liabilities

Down

$104,887

Down $238,790 (-69%) from 2014

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin6th percentile

Revenue

Down

$349,923

Down $224,913 (-39%) from 2014

Expenses

Up

$569,639

Up $31,092 (+5.8%) from 2014

Net Income

Down

-$219,716

Down $256,005 (-705%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $7,034,334Liabilities 2011: $697,279Net Assets 2011: $6,337,0552011Assets 2012: $8,043,880Liabilities 2012: $2,096,250Net Assets 2012: $5,947,6302012Assets 2013: $7,938,055Liabilities 2013: $2,060,425Net Assets 2013: $5,877,6302013Assets 2014: $6,865,208Liabilities 2014: $343,677Net Assets 2014: $6,521,5312014Assets 2015: $6,406,702Liabilities 2015: $104,887Net Assets 2015: $6,301,8152015Assets 2016: $6,191,308Liabilities 2016: $106,161Net Assets 2016: $6,085,1472016Assets 2017: $6,057,131Liabilities 2017: $130,850Net Assets 2017: $5,926,2812017Assets 2018: $5,934,825Liabilities 2018: $121,873Net Assets 2018: $5,812,9522018Assets 2019: $5,744,595Liabilities 2019: $122,796Net Assets 2019: $5,621,7992019Assets 2020: $5,551,780Liabilities 2020: $174,171Net Assets 2020: $5,377,6092020Assets 2021: $5,351,051Liabilities 2021: $113,124Net Assets 2021: $5,237,9272021Assets 2022: $5,078,883Liabilities 2022: $119,262Net Assets 2022: $4,959,6212022Assets 2023: $4,740,774Liabilities 2023: $147,289Net Assets 2023: $4,593,4852023Assets 2024: $4,476,347Liabilities 2024: $127,736Net Assets 2024: $4,348,6112024Assets 2025: $4,313,657Liabilities 2025: $42,236Net Assets 2025: $4,271,4212025

Highlighted filing

2015

Assets$6,406,702
Liabilities$104,887
Net Assets$6,301,815
Open 2015 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $704,8572011Expenses 2012: $678,6172012Revenue 2013: $609,818Expenses 2013: $679,818Net Income 2013: -$70,0002013Revenue 2014: $574,836Expenses 2014: $538,547Net Income 2014: $36,2892014Revenue 2015: $349,923Expenses 2015: $569,639Net Income 2015: -$219,7162015Revenue 2016: $379,315Expenses 2016: $604,955Net Income 2016: -$225,6402016Revenue 2017: $442,971Expenses 2017: $601,837Net Income 2017: -$158,8662017Revenue 2018: $410,502Expenses 2018: $523,831Net Income 2018: -$113,3292018Revenue 2019: $345,531Expenses 2019: $536,684Net Income 2019: -$191,1532019Revenue 2020: $417,669Expenses 2020: $661,859Net Income 2020: -$244,1902020Revenue 2021: $363,981Expenses 2021: $503,663Net Income 2021: -$139,6822021Revenue 2022: $245,832Expenses 2022: $524,138Net Income 2022: -$278,3062022Revenue 2023: $522,042Expenses 2023: $888,178Net Income 2023: -$366,1362023Revenue 2024: $297,884Expenses 2024: $542,758Net Income 2024: -$244,8742024Revenue 2025: $332,003Expenses 2025: $409,193Net Income 2025: -$77,1902025

Highlighted filing

2015

Revenue$349,923
Expenses$569,639
Net Income-$219,716
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$349,923
Mission and Program Overview

Mission

To develop and sell real estate to facilitate local tax base expansion and quality job opportunites in the state of rhode island.

To develop and sell real estate to facilitate local tax base expansion and quality job opportunities in the state of ri

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,713,394$2,743,453▲ $30,059
Savings and Temporary Cash Investments$2,776,150$2,299,359▼ $476,791
Land, Buildings, and Equipment, Net$312,551$306,294▼ $6,257
Prepaid Expenses and Deferred Charges$5,709$13,156▲ $7,447
Cash and Non-Interest-Bearing Accounts$19,826$10,569▼ $9,257
Accounts Receivable$10,115$2,194▼ $7,921
Total Assets$6,865,208$6,406,702▼ $458,506
Other Assets Total$1,027,463$1,031,677▲ $4,214
Liabilities
Other Liabilities$225,000$0▼ $225,000
Accounts Payable and Accrued Expenses$76,902$71,519▼ $5,383
Deferred Revenue$41,775$33,368▼ $8,407
Total Liabilities$343,677$104,887▼ $238,790
Net Assets / Fund Balance
Unrestricted Net Assets$6,521,531$6,301,815▼ $219,716
Total Net Assets Fund Balance$6,521,531$6,301,815▼ $219,716
Total Liabilities and Net Assets / Fund Balance$6,865,208$6,406,702▼ $458,506

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$263,786$101,888-
Other Land Buildings$38,163--
Equipment$4,345$28,286-
Other Assets Org$21,790--
Other Securities$2,743,453--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott GibbsPresidentFT$201,350$5,252$206,602

Board Members and Trustees

NameTitle
John F Mcjennett IiiChairman
Robert E NaultVice Chairman
Calvert C GrotonDirector
Charles Egolden JrDirector
Charles S SokoloffDirector
Dana M NewbrookDirector
Gregory G ScownDirector
James J BelliveauDirector
John J VernancioDirector
Kevin HivlyDirector
Larry D RiggsDirector
Lloyd R GariepyDirector
John H St SauveurSecretary
Laurel L BowermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,515
Investment Income
$2,220
Other Revenue
$307,188
Change in Net Assets
$-219,716

Audited Revenue Reconciliation

Revenue per Audited Statements
$349,923
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$349,923
Total Revenue per Form 990
$349,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$307,612
Other Expenses$262,027
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$201,350--$201,350
Other Salaries and Wages$75,669--$75,669
Office Expenses-$63,857-$63,857
All Other Expenses-$20,638-$20,638
Payroll Taxes$16,578--$16,578
Fees for Services Legal-$14,838-$14,838
Other Expenses$69,321$12,919-$12,919
Fees for Services Accounting-$12,129-$12,129
Depreciation Depletion-$10,823-$10,823
Other Employee Benefits$7,625--$7,625
Travel-$6,481-$6,481
Pension Plan Contributions$6,390--$6,390
Total Functional Expenses$376,933$192,706$0$569,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$569,639
Total Expenses per Audited Statements$569,639
Total Expenses per Form 990$569,639
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Forms 990 are prepared by board elected cpa firm. Board reviews all financial statements of organization.”

Form 990, Part VI, Section B, Line 15A

“Board of directors has compensation committee who votes and approves annually proposed compensation levels and bonuses.”

Form 990, Part VI, Section C, Line 18

“Documents available upon request.”

Form 990, Part VI, Section C, Line 19

“Documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Foundation of Rhode
EIN
05-0319515
Phone
4016581050
Address
1300 HIGHLAND CORPORATE DR NO 202, CUMBERLAND, RI 02864

Signing Officer

Name
Scott Gibbs
Title
President
Phone
4016580665
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Gibbs
Formed
1967
Legal Domicile
Ri
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
0

Preparer

Firm
Marcum Llp
Address
155 SOUTH MAIN STREET SUITE 100, PROVIDENCE, RI 02903
Preparer
David Fontaine
Phone
4014576700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation evaluates their uncertain tax positions using the guidance for contingencies as contained in united states generally accepted accounting principles. Accordingly, a loss contingency would be recognized when it is probable that a liability has been incurred on the date of the financial statements and the amount of the loss can be reasonably estimated. The amount to be recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from these estimates. The corporation has not recognized liabilities for any uncertain tax positions as of june 30, 2015. As of june 30, 2015, the companys income tax returns generally remain open for examination for three years from the date filed with each taxing jurisdiction.”

Raw XML AppendixShowing 400 of 531 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP AND SELL REAL ESTATE TO FACILITATE LOCAL TAX BASE EXPANSION AND QUALITY JOB OPPORTUNITES IN THE STATE OF RHODE ISLAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06521531
IRS990/NetAssetsOrFundBalancesEOYAmt06301815
IRS990/NetUnrelatedBusTxblIncmAmt0-348
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt063857
IRS990/OfficeExpensesGrp/TotalAmt063857
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01027463
IRS990/OtherAssetsTotalGrp/EOYAmt01031677
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07625
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07625
IRS990/OtherExpensesGrp/Desc0PASS THRU LOSS FROM SUB
IRS990/OtherExpensesGrp/Desc1OFFICE/MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2SOFTWARE EXPENSE
IRS990/OtherExpensesGrp/Desc3INSURANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026149
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124872
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212919
IRS990/OtherExpensesGrp/ProgramServicesAmt069321
IRS990/OtherExpensesGrp/TotalAmt069321
IRS990/OtherExpensesGrp/TotalAmt126149
IRS990/OtherExpensesGrp/TotalAmt224872
IRS990/OtherExpensesGrp/TotalAmt312919
IRS990/OtherLiabilitiesGrp/BOYAmt0225000
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0531120
IRS990/OtherRevenueMiscGrp/BusinessCd1531120
IRS990/OtherRevenueMiscGrp/Desc0PASS THRU INCOME SUBSI
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0249310
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt157878
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0249310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt157878
IRS990/OtherRevenueTotalAmt0307188
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075669
IRS990/OtherSalariesAndWagesGrp/TotalAmt075669
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt016578
IRS990/PayrollTaxesGrp/TotalAmt016578
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06390
IRS990/PensionPlanContributionsGrp/TotalAmt06390
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05709
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013156
IRS990/PrincipalOfficerNm0SCOTT GIBBS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040515
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt034231
IRS990/PYOtherExpensesAmt0234375
IRS990/PYOtherRevenueAmt0498392
IRS990/PYProgramServiceRevenueAmt042213
IRS990/PYRevenuesLessExpensesAmt036289
IRS990/PYSalariesCompEmpBnftPaidAmt0304172
IRS990/PYTotalExpensesAmt0538547
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0574836
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-219716
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0300663
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02776150
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02299359
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0263786
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0101888
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0365674
IRS990ScheduleD/EquipmentGrp/BookValueAmt04345
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028286
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt032631
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0569639
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0145769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1864118
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221790
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM SUBSIDIARY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LAND INVENTORY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SCHOOL REDEVELOPMENT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038163
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt038163
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02743453
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0349923
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION EVALUATES THEIR UNCERTAIN TAX POSITIONS USING THE GUIDANCE FOR CONTINGENCIES AS CONTAINED IN UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. ACCORDINGLY, A LOSS CONTINGENCY WOULD BE RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED ON THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT TO BE RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THESE ESTIMATES. THE CORPORATION HAS NOT RECOGNIZED LIABILITIES FOR ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015. AS OF JUNE 30, 2015, THE COMPANYS INCOME TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION FOR THREE YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0306294
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01031677
IRS990ScheduleD/TotalBookValueSecuritiesAmt02743453
IRS990ScheduleD/TotalExpensesPerForm990Amt0569639
IRS990ScheduleD/TotalRevenuePerForm990Amt0349923
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0349923
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0569639
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0201350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT GIBBS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0206602
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORMS 990 ARE PREPARED BY BOARD ELECTED CPA FIRM. BOARD REVIEWS ALL FINANCIAL STATEMENTS OF ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS HAS COMPENSATION COMMITTEE WHO VOTES AND APPROVES ANNUALLY PROPOSED COMPENSATION LEVELS AND BONUSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT FOUNDATION OF RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0050503974
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ECONOMIC SUPPORT SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NEW ENGLAND ECONOMIC DEVELOPMENT SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt035444
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-22282
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01300 HIGHLAND CORPORATE DRIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CUMBERLAND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd002864
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT FOUNDATION OF RI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1ECONOMIC DEVELOPMENT FOUNDATION OF RI

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,406,702
Liabilities
$104,887
Net assets
$6,301,815
Revenue
$349,923
Expenses
$569,639
Net income
-$219,716
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.31$0.04$4.27$0.33$0.41$0.08
2024Detailed filing. Detailed filing data is available for this year.$4.48$0.13$4.35$0.30$0.54$0.24
2023Detailed filing. Detailed filing data is available for this year.$4.74$0.15$4.59$0.52$0.89$0.37
2022Detailed filing. Detailed filing data is available for this year.$5.08$0.12$4.96$0.25$0.52$0.28
2021Detailed filing. Detailed filing data is available for this year.$5.35$0.11$5.24$0.36$0.50$0.14
2020Detailed filing. Detailed filing data is available for this year.$5.55$0.17$5.38$0.42$0.66$0.24
2019Detailed filing. Detailed filing data is available for this year.$5.74$0.12$5.62$0.35$0.54$0.19
2018Detailed filing. Detailed filing data is available for this year.$5.93$0.12$5.81$0.41$0.52$0.11
2017Detailed filing. Detailed filing data is available for this year.$6.06$0.13$5.93$0.44$0.60$0.16
2016Detailed filing. Detailed filing data is available for this year.$6.19$0.11$6.09$0.38$0.60$0.23
2015Detailed filing. Detailed filing data is available for this year.$6.41$0.10$6.30$0.35$0.57$0.22
2014Detailed filing. Detailed filing data is available for this year.$6.87$0.34$6.52$0.57$0.54$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.94$2.06$5.88$0.61$0.68$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.04$2.10$5.95$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.03$0.70$6.34$0.70