Civic Intelligence

Ocean State Business Development Authority Inc

990 • Fiscal year 2016 • EIN 05-0389516

Oct 01, 2015 to Sep 30, 2016 • Filed on May 18, 2017

Organization ProfileWWW.OSBDA.COM
155 South Main Street Suite 403Providence, RI 02903

(401) 454-4560

Siviq Scores

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

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.14x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

97th percentile

$186,973

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

99th percentile

337%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

31%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$204,526

Up $157,712 (+337%) from 2015

Net Assets

Up

$97,038

Up $88,411 (+1025%) from 2015

Liabilities

Up

$107,488

Up $69,301 (+181%) from 2015

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin62nd percentile

Revenue

Up

$754,272

Up $177,324 (+31%) from 2015

Expenses

Up

$665,861

Up $35,661 (+5.7%) from 2015

Net Income

Up

$88,411

Up $141,663 (+266%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2016

Assets$204,526
Liabilities$107,488
Net Assets$97,038
Open 2016 Filing

Operations Trend

Revenue Growth85th 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

2016

Revenue$754,272
Expenses$665,861
Net Income$88,411
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 18, 2017
Return Version
2015v3.0
Gross Receipts
$754,272
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. Also to provide advisory, training and other needed resources to small businesses while fostering a positive work environment that provides employees a place to grow, learn, and develop themselves professionally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$35,276$111,400▲ $76,124
Land, Buildings, and Equipment, Net$7,435$35,509▲ $28,074
Cash and Non-Interest-Bearing Accounts-$27,504-
Savings and Temporary Cash Investments-$26,525-
Prepaid Expenses and Deferred Charges$4,103$3,096▼ $1,007
Total Assets$46,814$204,526▲ $157,712
Other Assets Total$0$492▲ $492
Liabilities
Deferred Revenue$6,922$49,786▲ $42,864
Accounts Payable and Accrued Expenses$21,289$28,166▲ $6,877
Mortgage Notes Payable Secured by Investment Property-$20,003-
Other Liabilities$9,976$9,533▼ $443
Total Liabilities$38,187$107,488▲ $69,301
Net Assets / Fund Balance
Unrestricted Net Assets$8,627$97,038▲ $88,411
Total Net Assets Fund Balance$8,627$97,038▲ $88,411
Total Liabilities and Net Assets / Fund Balance$46,814$204,526▲ $157,712

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,173$14,382$43,555
Other Land Buildings$6,336$21,302$27,638
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russell a GastonChief Operating OfficerFT$161,464$25,509$186,973
Henry a VioletPresidentFT$127,400$17,436$144,836

Board Members and Trustees

NameTitle
Anthony Capuano JrDirector
Charles C NewtonDirector
Cristina FedenDirector
Douglas F HansonDirector
Edward M MazzeDirector
Jack CacchiottiDirector
Jeffrey P CascioneDirector
Joseph L SilvaDirector
Jr Neville SongweDirector
Larry SteingoldDirector
Matt SlepcowDirector
Robert E NickersonDirector
Russell W HahnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$754,272
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$88,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$754,270
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$754,270
Total Revenue per Form 990
$754,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$431,084
Other Expenses$234,777
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$288,867--$288,867
Other Salaries and Wages$78,768--$78,768
Occupancy-$50,798-$50,798
Other Employee Benefits$36,392--$36,392
Fees for Services Other$34,292--$34,292
Information Technology$29,687--$29,687
Payroll Taxes$27,057--$27,057
Fees for Services Accounting$20,354--$20,354
Insurance-$19,262-$19,262
Office Expenses$15,375--$15,375
Conferences and Meetings$9,409--$9,409
Depreciation Depletion-$7,763-$7,763
Advertising$6,577--$6,577
Travel$3,886--$3,886
Other Expenses$4,036$3,738-$3,738
All Other Expenses$686$2,807-$3,493
Interest-$1,840-$1,840
Total Functional Expenses$569,162$96,699$0$665,861

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$665,859
Total Expenses per Audited Statements$665,859
Total Expenses per Form 990$665,859
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$9,533
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Governance Explanations

Form 990, Part VI, Section A, 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 the following categories: (1) local and state government, (2) private lending institutions, (3) community organizations, and (4) business organizations.”

Form 990, Part VI, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11

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

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Ocean State Business
EIN
05-0389516
Phone
4014544560
Address
155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI 02903

Signing Officer

Name
Russell Gaston
Title
Chief Operating Officer
Phone
4014544630
Signed
2017-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Gaston
Formed
1980
Legal Domicile
Ri
Voting Board Members
14
Independent Board Members
12
Employees
4
Volunteers
0

Preparer

Firm
Yksm Ltd
Address
27 DRYDEN LANE, PROVIDENCE, RI 02904
Preparer
Joseph L Orlando CPA
Phone
4012731800
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

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

Financial Statement Notes

PART X, LINE 2:

“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 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 years.”

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt035509
IRS990/LandBldgEquipCostOrOtherBssAmt071193
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ASSIST SMALL BUSINESSES IN OBTAINING FINANCING
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020003
IRS990/NetAssetsOrFundBalancesBOYAmt08627
IRS990/NetAssetsOrFundBalancesEOYAmt097038
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt050798
IRS990/OccupancyGrp/TotalAmt050798
IRS990/OfficeExpensesGrp/ProgramServicesAmt015375
IRS990/OfficeExpensesGrp/TotalAmt015375
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0492
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036392
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036392
IRS990/OtherExpensesGrp/Desc0MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2SERVICES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010491
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13738
IRS990/OtherExpensesGrp/ProgramServicesAmt013776
IRS990/OtherExpensesGrp/ProgramServicesAmt14036
IRS990/OtherExpensesGrp/TotalAmt013776
IRS990/OtherExpensesGrp/TotalAmt110491
IRS990/OtherExpensesGrp/TotalAmt24036
IRS990/OtherExpensesGrp/TotalAmt33738
IRS990/OtherLiabilitiesGrp/BOYAmt09976
IRS990/OtherLiabilitiesGrp/EOYAmt09533
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt078768
IRS990/OtherSalariesAndWagesGrp/TotalAmt078768
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt027057
IRS990/PayrollTaxesGrp/TotalAmt027057
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04103
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03096
IRS990/PrincipalOfficerNm0RUSSELL GASTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2ESCROW FLOAT INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0476054
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1255803
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0476054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1255803
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210082
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0174591
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0576948
IRS990/PYRevenuesLessExpensesAmt0-53252
IRS990/PYSalariesCompEmpBnftPaidAmt0455609
IRS990/PYTotalExpensesAmt0630200
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0576948
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt088411
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0756513
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026525
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt029173
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014382
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043555
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0665859
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06336
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021302
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0754270
IRS990ScheduleD/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 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 YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035509
IRS990ScheduleD/TotalExpensesPerForm990Amt0665859
IRS990ScheduleD/TotalLiabilityAmt09533
IRS990ScheduleD/TotalRevenuePerForm990Amt0754270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0754270
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0665859
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0161464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025509
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RUSSELL A GASTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0186973
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S TREASURER PERFORMS A DETAIL REVIEW OF THE RETURN. THE FILING IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046814
IRS990/TotalAssetsEOYAmt0204526
IRS990/TotalAssetsGrp/BOYAmt046814
IRS990/TotalAssetsGrp/EOYAmt0204526
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096699
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0569162
IRS990/TotalFunctionalExpensesGrp/TotalAmt0665861
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038187
IRS990/TotalLiabilitiesEOYAmt0107488
IRS990/TotalLiabilitiesGrp/BOYAmt038187
IRS990/TotalLiabilitiesGrp/EOYAmt0107488
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt097038
IRS990/TotalOtherCompensationAmt042945
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt012333
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt012333
IRS990/TotalProgramServiceExpensesAmt0569162
IRS990/TotalProgramServiceRevenueAmt0754272
IRS990/TotalReportableCompFromOrgAmt0288864

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$204,526
Liabilities
$107,488
Net assets
$97,038
Revenue
$754,272
Expenses
$665,861
Net income
$88,411
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