Civic Intelligence

Rhode Island Construction Industry Advancement Fund

990 • Fiscal year 2023 • EIN 05-6052140

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 05, 2024

Organization ProfileN/A
PO Box 1046Slatersville, RI 02876

(401) 454-1990

Siviq Scores

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

Liabilities / Assets

30th percentile

0.04x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.15x

Higher debt load relative to revenue than 45% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

36th percentile

0.0%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

82nd percentile

29%

Faster revenue growth than 82% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$2,470,085

Up $245,219 (+11%) from 2022

Net Assets

Up

$2,359,683

Up $214,257 (+10.0%) from 2022

Liabilities

Up

$110,402

Up $30,962 (+39%) from 2022

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin36th percentile

Revenue

Up

$748,377

Up $166,589 (+29%) from 2022

Expenses

Up

$748,032

Up $121,383 (+19%) from 2022

Net Income

Up

$345

Up $45,206 (+101%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,407,547Liabilities 2011: $52,188Net Assets 2011: $1,355,3592011Assets 2012: $1,480,000Liabilities 2012: $50,907Net Assets 2012: $1,429,0932012Assets 2013: $1,710,308Liabilities 2013: $61,698Net Assets 2013: $1,648,6102013Assets 2014: $1,779,169Liabilities 2014: $64,838Net Assets 2014: $1,714,3312014Assets 2015: $1,847,472Liabilities 2015: $76,024Net Assets 2015: $1,771,4482015Assets 2016: $1,897,547Liabilities 2016: $91,232Net Assets 2016: $1,806,3152016Assets 2017: $2,088,209Liabilities 2017: $68,569Net Assets 2017: $2,019,6402017Assets 2018: $1,977,510Liabilities 2018: $104,633Net Assets 2018: $1,872,8772018Assets 2019: $2,221,095Liabilities 2019: $99,781Net Assets 2019: $2,121,3142019Assets 2020: $2,612,917Liabilities 2020: $99,202Net Assets 2020: $2,513,7152020Assets 2021: $2,791,869Liabilities 2021: $90,472Net Assets 2021: $2,701,3972021Assets 2022: $2,224,866Liabilities 2022: $79,440Net Assets 2022: $2,145,4262022Assets 2023: $2,470,085Liabilities 2023: $110,402Net Assets 2023: $2,359,6832023Assets 2024: $2,732,173Liabilities 2024: $146,990Net Assets 2024: $2,585,1832024

Highlighted filing

2023

Assets$2,470,085
Liabilities$110,402
Net Assets$2,359,683
Open 2023 Filing

Operations Trend

Revenue Growth82nd percentile

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

$1.0M$500K$0-$500KExpenses 2011: $563,9702011Expenses 2012: $319,5032012Revenue 2013: $317,570Expenses 2013: $255,774Net Income 2013: $61,7962013Revenue 2014: $361,454Expenses 2014: $313,339Net Income 2014: $48,1152014Revenue 2015: $418,381Expenses 2015: $339,084Net Income 2015: $79,2972015Revenue 2016: $499,820Expenses 2016: $454,392Net Income 2016: $45,4282016Revenue 2017: $566,642Expenses 2017: $463,011Net Income 2017: $103,6312017Revenue 2018: $671,458Expenses 2018: $646,612Net Income 2018: $24,8462018Revenue 2019: $718,742Expenses 2019: $800,530Net Income 2019: -$81,7882019Revenue 2020: $521,416Expenses 2020: $448,548Net Income 2020: $72,8682020Revenue 2021: $660,891Expenses 2021: $626,754Net Income 2021: $34,1372021Revenue 2022: $581,788Expenses 2022: $626,649Net Income 2022: -$44,8612022Revenue 2023: $748,377Expenses 2023: $748,032Net Income 2023: $3452023Revenue 2024: $846,636Expenses 2024: $899,684Net Income 2024: -$53,0482024

Highlighted filing

2023

Revenue$748,377
Expenses$748,032
Net Income$345
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 5, 2024
Return Version
2023v5.1
Gross Receipts
$1,224,075
Mission and Program Overview

Mission

Advance construction industry programs and to promote employee safety, collective bargaining techniques, public relations, market development programs, and similar industry-wide ventures relating to the construction industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,782,459$2,057,699▲ $275,240
Savings and Temporary Cash Investments$263,413$208,523▼ $54,890
Cash and Non-Interest-Bearing Accounts$109,251$104,381▼ $4,870
Accounts Receivable$68,507$94,290▲ $25,783
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,224,866$2,470,085▲ $245,219
Other Assets Total$1,236$5,192▲ $3,956
Liabilities
Other Liabilities$69,470$100,670▲ $31,200
Accounts Payable and Accrued Expenses$9,970$9,732▼ $238
Total Liabilities$79,440$110,402▲ $30,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,145,426$2,359,683▲ $214,257
Total Net Assets Fund Balance$2,145,426$2,359,683▲ $214,257
Total Liabilities and Net Assets / Fund Balance$2,224,866$2,470,085▲ $245,219
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Armand LusiTrustee/Chairma
Bruce IannuccilloTrustee
Joel TrojanTrustee
Joseph SiddallTrustee
Edward BurmanTrustee/Trea
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$559,801
Investment Income
$188,576
Other Revenue
$0
Change in Net Assets
$345

Audited Revenue Reconciliation

Revenue per Audited Statements
$748,377
Revenue Not Reported on Form 990
$213,912
Total Revenue per Audited Statements
$962,289
Total Revenue per Form 990
$748,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$748,032
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$401,000
Fees for Service Investment Mgmnt Fees---$21,179
Fees for Services Accounting---$9,625
Other Expenses---$5,000
Fees for Services Legal---$1,306
Office Expenses---$90
Total Functional Expenses$0$0$0$748,032

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$748,032
Total Expenses per Audited Statements$748,032
Total Expenses per Form 990$748,032
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Build RI$67,391
Contributions payable$33,279
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A Trustee and the Treasurer review prior to submission.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Rhode Island Construction Industry
EIN
05-6052140
Phone
4014541990
Address
PO Box 1046, Slatersville, RI 02876

Signing Officer

Name
Edward W Burman
Title
Treasurer
Signed
2024-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Burman
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Russolino & Young Ltd
Address
260 West Exchange St Ste201, Providence, RI 02903
Preparer
Joseph Russolino
Phone
4012734200
Supplemental Narrative

Additional Explanations

Statement Note 1

“Taxpayer is a tax exempt entity under common control. Related entity is R.I. Associated General Contractors, ID#05-6015385 and they actually made the payments to employees for payroll and was reimbursed by the taxpayer for payroll and many other overhead expenses which is why form 990 does not reflect any wages. All payroll tax returns were filed under the RI AGC name and ID number.”

Raw XML Appendix364 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/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee/Trea
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee/Chairma
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A Trustee and the Treasurer review prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Taxpayer is a tax exempt entity under common control. Related entity is R.I. Associated General Contractors, ID#05-6015385 and they actually made the payments to employees for payroll and was reimbursed by the taxpayer for payroll and many other overhead expenses which is why form 990 does not reflect any wages. All payroll tax returns were filed under the RI AGC name and ID number.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Statement Note 1
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RI Associated General Contractors
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0056015385
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Membership org for the purpose of collective bargaining
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0931 Jefferson Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Warwick
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002886
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0401000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0RI Associated General Contractors
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02224866
IRS990/TotalAssetsEOYAmt02470085
IRS990/TotalAssetsGrp/BOYAmt02224866
IRS990/TotalAssetsGrp/EOYAmt02470085
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0748032
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt079440
IRS990/TotalLiabilitiesEOYAmt0110402
IRS990/TotalLiabilitiesGrp/BOYAmt079440
IRS990/TotalLiabilitiesGrp/EOYAmt0110402
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02145426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02359683
IRS990/TotalProgramServiceRevenueAmt0559801
IRS990/TotalRevenueGrp/ExclusionAmt0188576
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0559801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0748377
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02224866
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02470085
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1046
IRS990/USAddress/CityNm0Slatersville
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002876
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Edward W Burman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rhode Island Construction Industry
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Advancement Fund
ReturnHeader/Filer/BusinessNameControlTxt0RHOD
ReturnHeader/Filer/EIN0056052140
ReturnHeader/Filer/PhoneNum04014541990
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1046
ReturnHeader/Filer/USAddress/CityNm0Slatersville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002876
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050449812
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Russolino & Young Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0260 West Exchange St Ste201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Providence
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002903
ReturnHeader/PreparerPersonGrp/PhoneNum04012734200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Russolino
ReturnHeader/ReturnTs02024-08-05T13:28:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,470,085
Liabilities
$110,402
Net assets
$2,359,683
Revenue
$748,377
Expenses
$748,032
Net income
$345
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.15$2.59$0.85$0.90$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.47$0.11$2.36$0.75$0.75$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.08$2.15$0.58$0.63$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.09$2.70$0.66$0.63$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.10$2.51$0.52$0.45$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.10$2.12$0.72$0.80$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.10$1.87$0.67$0.65$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.07$2.02$0.57$0.46$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.09$1.81$0.50$0.45$0.05
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.85$0.08$1.77$0.42$0.34$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.06$1.71$0.36$0.31$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.71$0.06$1.65$0.32$0.26$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.05$1.43$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.05$1.36$0.56