Civic Intelligence

Ocean State Business Development Authority Inc

990 • Fiscal year 2022 • EIN 05-0389516

Oct 01, 2021 to Sep 30, 2022 • Filed on Dec 05, 2022

Organization Profilewww.osbda.com
300 Jefferson BlvdWarwick, RI 02888

(401) 291-1504

Siviq Scores

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

Liabilities / Assets

79th percentile

0.33x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.14x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

51st percentile

8.2%

Higher net margin than 51% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

97th percentile

$335,788

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 27.0% of source-year revenue.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

57th percentile

3.2%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

13%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$521,138

Up $16,286 (+3.2%) from 2021

Net Assets

Up

$346,786

Up $101,360 (+41%) from 2021

Liabilities

Down

$174,352

Down $85,074 (-33%) from 2021

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin51st percentile

Revenue

Up

$1,243,867

Up $138,934 (+13%) from 2021

Expenses

Up

$1,141,950

Up $148,926 (+15%) from 2021

Net Income

Down

$101,917

Down $9,992 (-8.9%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

2022

Assets$521,138
Liabilities$174,352
Net Assets$346,786
Open 2022 Filing

Operations Trend

Revenue Growth63rd percentile

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

2022

Revenue$1,243,867
Expenses$1,141,950
Net Income$101,917
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Dec 5, 2022
Return Version
2021v4.1
Gross Receipts
$1,243,867
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.

To efficiently provide unique capital and services to small businesses located in rhode island, massachusetts and connecticut; helping them acquire equipment and commercial real estate to grow their businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$320,423$387,740▲ $67,317
Land, Buildings, and Equipment, Net$93,187$73,113▼ $20,074
Prepaid Expenses and Deferred Charges$32,058$49,013▲ $16,955
Cash and Non-Interest-Bearing Accounts$59,084$10,809▼ $48,275
Savings and Temporary Cash Investments$100$163▲ $63
Total Assets$504,852$521,138▲ $16,286
Other Assets Total-$300-
Liabilities
Other Liabilities$98,750$97,705▼ $1,045
Mortgage Notes Payable Secured by Investment Property$160,196$74,061▼ $86,135
Accounts Payable and Accrued Expenses$480$2,586▲ $2,106
Total Liabilities$259,426$174,352▼ $85,074
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$245,426$346,786▲ $101,360
Total Net Assets Fund Balance$245,426$346,786▲ $101,360
Total Liabilities and Net Assets / Fund Balance$504,852$521,138▲ $16,286

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,113$51,683$124,796
Land$0--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Russell GastonPresidentFT$335,788$335,788
Ali HasanDirector-$800$800
Cristina FedenDirector-$800$800
Kevin CaseyDirector-$800$800
Robert E NickersonDirector-$800$800
Russell W HahnChairman-$800$800
Sean McintyreDirector-$600$600
Sharyn HarringtonDirector-$600$600
Charles C NewtonDirector-$400$400
Edward M MazzeDirector-$200$200
John PimentalDirector-$200$200

Board Members and Trustees

NameTitle
Russell Gaston-
Revenue and Support

Revenue Composition

Contributions and Grants
$94,481
Program Service Revenue
$1,149,386
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$101,917

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,243,867
Total Revenue per Audited Statements
$1,243,867
Total Revenue per Form 990
$1,243,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$841,985
Other Expenses$299,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$360,058$0$0$360,058
Current Officers, Directors, Trustees, and Key Employees$341,788$0$0$341,788
Other Employee Benefits$64,957$0$0$64,957
Occupancy$0$52,451$0$52,451
Other Expenses$52,328$0$0$52,328
Payroll Taxes$41,942$0$0$41,942
Pension Plan Contributions$33,240$0$0$33,240
Information Technology$29,793$0$0$29,793
Office Expenses$25,073$0$0$25,073
All Other Expenses$23,616$0$0$23,616
Fees for Services Accounting$23,264$0$0$23,264
Depreciation Depletion$22,673$0$0$22,673
Insurance$14,937$0$0$14,937
Interest$10,056$0$0$10,056
Travel$9,856$0$0$9,856
Advertising$7,974$0$0$7,974
Fees for Services Management$4,055$0$0$4,055
Fees for Services Legal$1,375$0$0$1,375
Total Functional Expenses$1,089,499$52,451$0$1,141,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,141,950
Total Expenses per Audited Statements$1,141,950
Total Expenses per Form 990$1,141,950
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$97,705
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ocean State Business Development Authority Inc
EIN
05-0389516
Phone
4012911504
Address
300 JEFFERSON BLVD, WARWICK, RI 02888

Signing Officer

Name
Russell Gaston
Title
President
Phone
4012911504
Signed
2022-12-05
Discuss with paid preparer
Yes

Organization Details

Formed
1980
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
9
Employees
5
Volunteers
0

Preparer

Firm
Malo Recchia & Company Inc
Address
495 Post Road, Warwick, RI 02888
Preparer
Robert R Recchia CPA
Phone
4017811277
Supplemental Narrative

Additional Explanations

Pt X

“The 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 policiesand positions it has adopted will remain unchanged. The organization files non-profit information returns in the u.s. Federal jusrisdiction which has a statute of limitations of three years.”

Pt VI, Line 6

“The 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 each of the following categories: (1) local and state government, (2) private lending institutions, (3) community organizations, (4) business organizations.”

Pt VI, Line 7B

“Directors are elected by members at the annual meeting.”

Pt VI, Line 11B

“The organization's treasurer performs a detailed review of the return. The filing is approved by the board of directors.”

Pt VI, Line 19

“The governing documents and financial statements are available upon request.”

Pt XII, Line 2C

“The process has not been changed from the prior year.”

Financial Statement Notes

Pt XI, Line 2D

“PPP loan foregivness”

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IRS990/NetAssetsOrFundBalancesBOYAmt0245426
IRS990/NetAssetsOrFundBalancesEOYAmt0346786
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0245426
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0346786
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt052451
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt052451
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt025073
IRS990/OfficeExpensesGrp/TotalAmt025073
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0300
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt064957
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064957
IRS990/OtherExpensesGrp/Desc0Postage
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Equipment Lease
IRS990/OtherExpensesGrp/Desc3Meals and Entertainment
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt02553
IRS990/OtherExpensesGrp/ProgramServicesAmt119700
IRS990/OtherExpensesGrp/ProgramServicesAmt2261
IRS990/OtherExpensesGrp/ProgramServicesAmt352328
IRS990/OtherExpensesGrp/TotalAmt02553
IRS990/OtherExpensesGrp/TotalAmt119700
IRS990/OtherExpensesGrp/TotalAmt2261
IRS990/OtherExpensesGrp/TotalAmt352328
IRS990/OtherLiabilitiesGrp/BOYAmt098750
IRS990/OtherLiabilitiesGrp/EOYAmt097705
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0360058
IRS990/OtherSalariesAndWagesGrp/TotalAmt0360058
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt041942
IRS990/PayrollTaxesGrp/TotalAmt041942
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt033240
IRS990/PensionPlanContributionsGrp/TotalAmt033240
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032058
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049013
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Russell Gaston
IRS990/PriorPeriodAdjustmentsAmt0-557
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2ESCROW FLOAT INTEREST
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0422924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1692757
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233705
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt073627
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-4566
IRS990/PYOtherExpensesAmt0238664
IRS990/PYProgramServiceRevenueAmt01035872
IRS990/PYRevenuesLessExpensesAmt0111909
IRS990/PYSalariesCompEmpBnftPaidAmt0754360
IRS990/PYTotalExpensesAmt0993024
IRS990/PYTotalRevenueAmt01104933
IRS990/ReconcilationRevenueExpnssAmt0101917
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01149386
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0163
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt073113
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051683
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124796
IRS990ScheduleD/ExpensesSubtotalAmt01141950
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01243867
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PPP loan foregivness
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073113
IRS990ScheduleD/TotalExpensesPerForm990Amt01141950
IRS990ScheduleD/TotalLiabilityAmt097705
IRS990ScheduleD/TotalRevenuePerForm990Amt01243867
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01243867
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01141950
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0130000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0204988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016505
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RUSSELL GASTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0352293
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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 POLICIESAND POSITIONS IT HAS ADOPTED WILL REMAIN UNCHANGED. THE ORGANIZATION FILES NON-PROFIT INFORMATION RETURNS IN THE U.S. FEDERAL JUSRISDICTION WHICH HAS A STATUTE OF LIMITATIONS OF THREE YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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 EACH OF THE FOLLOWING CATEGORIES: (1) LOCAL AND STATE GOVERNMENT, (2) PRIVATE LENDING INSTITUTIONS, (3) COMMUNITY ORGANIZATIONS, (4) BUSINESS ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S TREASURER PERFORMS A DETAILED REVIEW OF THE RETURN. THE FILING IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 2c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0504852
IRS990/TotalAssetsEOYAmt0521138
IRS990/TotalAssetsGrp/BOYAmt0504852
IRS990/TotalAssetsGrp/EOYAmt0521138
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt094481
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052451
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01089499
IRS990/TotalFunctionalExpensesGrp/TotalAmt01141950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0259426

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$521,138
Liabilities
$174,352
Net assets
$346,786
Revenue
$1,243,867
Expenses
$1,141,950
Net income
$101,917
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

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