Civic Intelligence

Ocean State Business Development Authority Inc

990 • Fiscal year 2013 • EIN 05-0389516

Oct 01, 2012 to Sep 30, 2013 • Filed on Mar 06, 2014

155 South Main Street Suite 403Warwick, RI 02903
Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

56th percentile

0.08x

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

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Net Margin

34th percentile

-0.7%

Higher net margin than 34% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

51st percentile

2.8%

Faster revenue growth than 51% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2011 to 2013

Assets

Down

$201,585

Down $29,504 (-13%) from 2012

Net Assets

Down

$147,570

Down $4,556 (-3.0%) from 2012

Liabilities

Down

$54,015

Down $24,948 (-32%) from 2012

Revenue

$665,089

No earlier filing loaded for comparison.

Expenses

Up

$669,645

Up $37,633 (+6.0%) from 2012

Net Income

-$4,556

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $155,296Liabilities 2011: $81,366Net Assets 2011: $73,9302011Assets 2012: $231,089Liabilities 2012: $78,963Net Assets 2012: $152,1262012Assets 2013: $201,585Liabilities 2013: $54,015Net Assets 2013: $147,5702013Assets 2014: $101,394Liabilities 2014: $39,515Net Assets 2014: $61,8792014Assets 2015: $46,814Liabilities 2015: $38,187Net Assets 2015: $8,6272015Assets 2016: $204,526Liabilities 2016: $107,488Net Assets 2016: $97,0382016Assets 2017: $334,142Liabilities 2017: $332,306Net Assets 2017: $1,8362017Assets 2018: $385,586Liabilities 2018: $335,327Net Assets 2018: $50,2592018Assets 2019: $375,656Liabilities 2019: $258,761Net Assets 2019: $116,8952019Assets 2020: $376,360Liabilities 2020: $218,478Net Assets 2020: $157,8822020Assets 2021: $504,852Liabilities 2021: $259,426Net Assets 2021: $245,4262021Assets 2022: $521,138Liabilities 2022: $174,352Net Assets 2022: $346,7862022Assets 2023: $614,935Liabilities 2023: $244,820Net Assets 2023: $370,1152023Assets 2024: $724,236Liabilities 2024: $379,410Net Assets 2024: $344,8262024Assets 2025: $616,957Liabilities 2025: $276,330Net Assets 2025: $340,6272025

Highlighted filing

2013

Assets$201,585
Liabilities$54,015
Net Assets$147,570

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $629,099Expenses 2011: $672,384Net Income 2011: -$43,2852011Expenses 2012: $632,0122012Revenue 2013: $665,089Expenses 2013: $669,645Net Income 2013: -$4,5562013Revenue 2014: $644,614Expenses 2014: $730,305Net Income 2014: -$85,6912014Revenue 2015: $576,948Expenses 2015: $630,200Net Income 2015: -$53,2522015Revenue 2016: $754,272Expenses 2016: $665,861Net Income 2016: $88,4112016Revenue 2017: $798,639Expenses 2017: $849,528Net Income 2017: -$50,8892017Revenue 2018: $889,580Expenses 2018: $841,157Net Income 2018: $48,4232018Revenue 2019: $939,776Expenses 2019: $873,140Net Income 2019: $66,6362019Revenue 2020: $982,598Expenses 2020: $941,612Net Income 2020: $40,9862020Revenue 2021: $1,104,933Expenses 2021: $993,024Net Income 2021: $111,9092021Revenue 2022: $1,243,867Expenses 2022: $1,141,950Net Income 2022: $101,9172022Revenue 2023: $1,348,315Expenses 2023: $1,324,986Net Income 2023: $23,3292023Revenue 2024: $1,429,567Expenses 2024: $1,414,431Net Income 2024: $15,1362024Revenue 2025: $1,480,658Expenses 2025: $1,484,857Net Income 2025: -$4,1992025

Highlighted filing

2013

Revenue$665,089
Expenses$669,645
Net Income-$4,556
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Mar 6, 2014
Return Version
2012v2.1
Gross Receipts
$665,089
Mission and Program Overview

Mission

To efficiently provide unique capital and services to small businesses located in ri, ma and ct; helping them acquire equipment and commercial real estate to grow their businesses.

Filing and Contact Details

Filer

EIN
05-0389516
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION ACCOUNTS FOR CERTAIN TAX POSITIONS IN ACCORDANCE WITH TOPICS OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THIS GUIDANCE INCREASES THE RELEVANCY AND COMPARABILITY OF FINANCIAL REPORTING BY CLARIFYING THE WAY ENTITIES ACCOUNT FOR UNCERTAINTIES IN INCOME TAXES FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE ADOPTION OF THIS GUIDANCE RESULTED IN NO CHANGE TO NET ASSETS AND NO INCREASE IN ACCRUED LIABILITIES. THE ORGANIZATION HAS EVALUATED ITS ACCOUNTING AND TAX POSITIONS, INCLUDING ITS PROPERLY APPROVED AND MAINTAINED NON-PROFIT STATUS, AND IS OF THE OPINION THAT MORE LIKELY THAN NOT POLICIES AND POSITIONS IT HAS ADOPTED WILL REMAIN UNCHANGED. THE ORGANIZATION FILES NON-PROFIT INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION WHICH HAS A STATUTE OF LIMITATIONS OF THREE YEAR.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE CORPORATION HAS ONE CLASS OF MEMBERS. THERE SHALL BE AT LEAST 25 INDIVIDUALS WHO ARE REPRESENTATIVE OF THE CORPORATION'S AREA OF OPERATIONS. THE MEMBERSHIP OF THE CORPORATION INCLUDE REPRESENTATIVES OF EACH OF THE FOLLOWING CATEGORIES: (1) LOCAL AND STATE GOVERNMENT, (2) PRIVATE LENDING INSTITUTIONS, (3) COMMUNITY ORGANIZATIONS, AND (4) BUSINESS ORGANIZATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation1DIRECTORS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION'S TREASURER PERFORMS A DETAIL REVIEW OF THE RETURN. THE FILING IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.
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IRS990/TheBooksAreInCareOf/TelephoneNumber04014544560
IRS990/TotalAssets/BOY0231089
IRS990/TotalAssetsBOY0231089
IRS990/TotalAssets/EOY0201585
IRS990/TotalAssetsEOY0201585
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear0669645
IRS990/TotalExpensesPriorYear0632012
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral076675
IRS990/TotalFunctionalExpenses/ProgramServices0592970
IRS990/TotalFunctionalExpenses/Total0669645
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY078963
IRS990/TotalLiabilitiesBOY078963
IRS990/TotalLiabilities/EOY054015
IRS990/TotalLiabilitiesEOY054015
IRS990/TotalLiabNetAssetsFundBalances/BOY0231089
IRS990/TotalLiabNetAssetsFundBalances/EOY0201585
IRS990/TotalNbrEmployees03
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0152126
IRS990/TotalNetAssetsFundBalances/EOY0147570
IRS990/TotalOtherCompensation028374
IRS990/TotalOthProgramServiceRevenue/RelatedOrExemptFunctionIncome01437
IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn01437
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0592970
IRS990/TotalProgramServiceRevenue0665066
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0345050
IRS990/TotalRevenueCurrentYear0665089
IRS990/TotalRevenue/ExclusionAmount00
IRS990/TotalRevenuePriorYear0710208
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0665089
IRS990/TotalRevenue/TotalRevenueColumn0665089
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/Travel/ProgramServices030235

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.62$0.28$0.34$1.48$1.48$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.72$0.38$0.34$1.43$1.41$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.24$0.37$1.35$1.32$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.35$1.24$1.14$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.26$0.25$1.10$0.99$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.22$0.16$0.98$0.94$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.26$0.12$0.94$0.87$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.34$0.05$0.89$0.84$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.33$0.00$0.80$0.85$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.11$0.10$0.75$0.67$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.04$0.01$0.58$0.63$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.04$0.06$0.64$0.73$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.05$0.15$0.67$0.67$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.08$0.15$0.63
2011Summary only. Only limited summary data is available for this year.$0.16$0.08$0.07$0.63$0.67$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)4 • $500k-$1M nonprofits