Civic Intelligence

Rhode Island Nurses Institute Middle College Charter High School

EIN 45-1555822 • 501(c)3 • Providence, RI

Profile

The mission of Rhode Island Nurses Institute

150 Washington StreetProvidence, RI 02903

www.rinimc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.88x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.16x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

42nd percentile

1.5%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$122,200

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

99th percentile

375%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

9.4%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$23,344,428

Up $18,430,940 (+375%) from 2023

Liabilities

Up

$20,590,463

Up $18,283,895 (+793%) from 2023

Net Assets

Up

$2,753,965

Up $147,045 (+5.6%) from 2023

Revenue

Up

$9,518,355

Up $815,864 (+9.4%) from 2023

Expenses

Up

$9,371,310

Up $1,163,811 (+14%) from 2023

Net Income

Down

$147,045

Down $347,947 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2012: $315,878Liabilities 2012: $114,754Net Assets 2012: $201,1242012Assets 2013: $632,642Liabilities 2013: $154,002Net Assets 2013: $478,6402013Assets 2014: $1,217,272Liabilities 2014: $253,143Net Assets 2014: $964,1292014Assets 2015: $1,321,792Liabilities 2015: $341,756Net Assets 2015: $980,0362015Assets 2016: $1,334,033Liabilities 2016: $338,087Net Assets 2016: $995,9462016Assets 2017: $1,308,003Liabilities 2017: $577,563Net Assets 2017: $730,4402017Assets 2018: $1,598,031Liabilities 2018: $532,100Net Assets 2018: $1,065,9312018Assets 2019: $1,535,690Liabilities 2019: $462,667Net Assets 2019: $1,073,0232019Assets 2020: $1,586,906Liabilities 2020: $496,729Net Assets 2020: $1,090,1772020Assets 2021: $1,831,183Liabilities 2021: $407,805Net Assets 2021: $1,423,3782021Assets 2022: $2,602,378Liabilities 2022: $490,450Net Assets 2022: $2,111,9282022Assets 2023: $4,913,488Liabilities 2023: $2,306,568Net Assets 2023: $2,606,9202023Assets 2024: $23,344,428Liabilities 2024: $20,590,463Net Assets 2024: $2,753,9652024

Highlighted filing

2024

Assets$23,344,428
Liabilities$20,590,463
Net Assets$2,753,965

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2012: $1,771,6142012Expenses 2013: $2,694,6532013Revenue 2014: $4,167,840Expenses 2014: $3,682,351Net Income 2014: $485,4892014Revenue 2015: $4,132,970Expenses 2015: $4,117,063Net Income 2015: $15,9072015Revenue 2016: $4,069,082Expenses 2016: $4,053,172Net Income 2016: $15,9102016Revenue 2017: $4,387,578Expenses 2017: $4,488,510Net Income 2017: -$100,9322017Revenue 2018: $4,766,007Expenses 2018: $4,430,516Net Income 2018: $335,4912018Revenue 2019: $4,946,547Expenses 2019: $4,939,455Net Income 2019: $7,0922019Revenue 2020: $5,027,153Expenses 2020: $5,009,998Net Income 2020: $17,1552020Revenue 2021: $5,505,894Expenses 2021: $5,172,693Net Income 2021: $333,2012021Revenue 2022: $7,446,041Expenses 2022: $6,757,491Net Income 2022: $688,5502022Revenue 2023: $8,702,491Expenses 2023: $8,207,499Net Income 2023: $494,9922023Revenue 2024: $9,518,355Expenses 2024: $9,371,310Net Income 2024: $147,0452024

Highlighted filing

2024

Revenue$9,518,355
Expenses$9,371,310
Net Income$147,045

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$20.6$2.75$9.52$9.37$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$2.31$2.61$8.70$8.21$0.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.49$2.11$7.45$6.76$0.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.41$1.42$5.51$5.17$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.50$1.09$5.03$5.01$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.46$1.07$4.95$4.94$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.53$1.07$4.77$4.43$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.58$0.73$4.39$4.49$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.34$1.00$4.07$4.05$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.34$0.98$4.13$4.12$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.25$0.96$4.17$3.68$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.15$0.48$2.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.11$0.20$1.77
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$9,518,355
Mission and Program Overview

Mission

The mission of Rhode Island Nurses Institute Middle College Charter High School, working collaboratively with our families, community partners and local universities, is to immerse students in an innovative high school experience that is student centered, structured to provide a supportive learningenvironment, and committed to providing the skills, knowledge, and passion necessary to excel in the nursing and allied health professions.

To work collaboratively with our families, community parners and local universities, to immerse students in an innovative high school experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,059,991$16,222,530▲ $15,162,539
Cash and Non-Interest-Bearing Accounts$1,102,755$2,675,266▲ $1,572,511
Accounts Receivable$618,729$443,040▼ $175,689
Savings and Temporary Cash Investments$311,182$319,019▲ $7,837
Prepaid Expenses and Deferred Charges$151,804$69,209▼ $82,595
Total Assets$4,913,488$23,344,428▲ $18,430,940
Other Assets Total$1,669,027$3,615,364▲ $1,946,337
Liabilities
Other Liabilities$805,394$19,881,512▲ $19,076,118
Unsecured Notes Loans Payable$813,633--
Accounts Payable and Accrued Expenses$537,541$708,951▲ $171,410
Mortgage Notes Payable Secured by Investment Property$150,000--
Total Liabilities$2,306,568$20,590,463▲ $18,283,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,498,335$2,645,380▲ $147,045
Net Assets With Donor Restrictions$108,585$108,585→ $0
Total Net Assets Fund Balance$2,606,920$2,753,965▲ $147,045
Total Liabilities and Net Assets / Fund Balance$4,913,488$23,344,428▲ $18,430,940

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,215,348$176,363$15,391,711
Leasehold Improvements$603,219$537,091$1,140,310
Equipment$285,672$793,098$1,078,770
Other Land Buildings$118,291$111,182$229,473
Land$0--
Other Assets Org$2,378,763--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tammy FerlandPrincipalFT$122,200$122,200

Board Members and Trustees

NameTitle
Margaret WebbBoard Chair
Mary LeveilleVice Chair
Christina LewisDirector
Denise RoncaratiDirector
Joel TavarezDirector
Linda MendoncaDirector
Maria DucharmeDirector
Xavier BrooksDirector
Karoline OliveiraFormer Board Member
Lara LaskowskiFormer Board Member
Lori JohnsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,481,069
Program Service Revenue
$7,829,622
Investment Income
$7,837
Other Revenue
$199,827
All Other Contributions
$483,643
Change in Net Assets
$147,045

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,518,355
Total Revenue per Audited Statements
$9,518,355
Total Revenue per Form 990
$9,518,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,748,888
Other Expenses$4,622,422
Total Fundraising Expense$187,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,884,696$649,057$72,117$3,605,870
All Other Expenses$1,517,498$341,437$37,938$1,896,873
Other Employee Benefits$698,182$157,091$17,455$872,728
Other Expenses$648,735$145,965$16,218$810,918
Occupancy$493,450$111,026$12,336$616,812
Interest$287,486$64,684$7,187$359,357
Depreciation Depletion$283,777$63,850$7,094$354,721
Payroll Taxes$216,232$48,652$5,406$270,290
Insurance$118,297$26,617$2,957$147,871
Conferences and Meetings$61,730$13,889$1,543$77,162
Advertising$31,754$7,145$793$39,692
Office Expenses$14,100$3,172$353$17,625
Total Functional Expenses$7,497,050$1,686,835$187,425$9,371,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,371,310
Total Expenses per Audited Statements$9,371,310
Total Expenses per Form 990$9,371,310
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
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rihebc Bonds$18,973,255
Due to Others - Nowell Mou$908,257
Capital Leases$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Rhode Island Nurses Institute Middle College Charter High School
EIN
45-1555822
Phone
4016804900
Address
150 WASHINGTON STREET, PROVIDENCE, RI 02903

Signing Officer

Name
Pamela Mccue
Title
Executive Director
Phone
4016804900
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Mccue
Formed
2010
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Ppa Llp
Address
469 CENTERVILLE ROAD STE 203, WARWICK, RI 02886
Preparer
Jo-Anne M Newton CPA
Phone
4017380010
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Board reviews and approves the schools 990 prior to filing

Pt VI, Line 12C

All board members are required to complete an annual conflict of interest disclosure statement.

Pt VI, Line 15A

The Board performs an annual performance evaluation for the CEO and a pproves all changes in compensation which is documented in the boards meeting minutes. The board approves all changes in compensation for top management which is documented in the board meeting minutes

Pt VI, Line 19

The Schools conflict of interest policy, financiaL statements and governing documents are available to the public upon request to the CEO.

Pt XII, Line 2C

The Board reveiws and approves the Schools audited financial statements.

Pt VI, Line 15B

The Board performs an annual performance evaluation for the Key employees and a pproves all changes in compensation which is documented in the boards meeting minutes. The board approves all changes in compensation for top management which is documented in the board meeting minutes

Pt VI, Line 3

The organization delegated control of certain business activities to a charter school management organization (cmo) during the 2022 fiscal year.

Form 990, Part IX, Line 24E

Education services 178989. 143191. 32218. 3580.

Form 990, Part IX, Line 24E

Equipment 263822. 211058. 47488. 5276.

Form 990, Part IX, Line 24E

Equipment rent 30357. 24286. 5464. 607.

Form 990, Part IX, Line 24E

Food service 161893. 129514. 29141. 3238.

Form 990, Part IX, Line 24E

Professional services 396938. 317550. 71449. 7939.

Form 990, Part IX, Line 24E

Supplies 162384. 129907. 29229. 3248.

Form 990, Part IX, Line 24E

Other taxes 7484. 5987. 1347. 150.

Form 990, Part IX, Line 24E

Repairs and maintenance 277043. 221634. 49868. 5541.

Form 990, Part IX, Line 24E

Transportation services 354367. 283494. 63786. 7087.

Form 990, Part IX, Line 24E

Utilities 63596. 50877. 11447. 1272.

Raw XML AppendixShowing 400 of 532 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.

Path#Value
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IRS990/ActivityOrMissionDesc0TO WORK COLLABORATIVELY WITH OUR FAMILIES, COMMUNITY PARNERS AND LOCAL UNIVERSITIES, TO IMMERSE STUDENTS IN AN INNOVATIVE HIGH SCHOOL EXPERIENCE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL
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