Civic Intelligence

Partnership for Rhode Island

990 • Fiscal year 2017 • EIN 81-4717112

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

One Union StationProvidence, RI 02903

(401) 247-4007

Siviq Scores

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

Liabilities / Assets

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.33x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$148,077

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$1,027,405

No earlier filing loaded for comparison.

Net Assets

$664,291

No earlier filing loaded for comparison.

Liabilities

$363,114

No earlier filing loaded for comparison.

Revenue

$1,100,044

No earlier filing loaded for comparison.

Expenses

$435,753

No earlier filing loaded for comparison.

Net Income

$664,291

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.

$3.0M$2.0M$1.0M$0Assets 2017: $1,027,405Liabilities 2017: $363,114Net Assets 2017: $664,2912017Assets 2018: $1,471,516Liabilities 2018: $202,821Net Assets 2018: $1,268,6952018Assets 2019: $2,203,963Liabilities 2019: $402,040Net Assets 2019: $1,801,9232019Assets 2020: $2,164,177Liabilities 2020: $726,405Net Assets 2020: $1,437,7722020Assets 2021: $1,518,554Liabilities 2021: $409,473Net Assets 2021: $1,109,0812021Assets 2022: $2,442,025Liabilities 2022: $1,179,600Net Assets 2022: $1,262,4252022Assets 2023: $1,983,043Liabilities 2023: $736,152Net Assets 2023: $1,246,8912023Assets 2024: $2,045,286Liabilities 2024: $357,609Net Assets 2024: $1,687,6772024

Highlighted filing

2017

Assets$1,027,405
Liabilities$363,114
Net Assets$664,291

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $1,100,044Expenses 2017: $435,753Net Income 2017: $664,2912017Revenue 2018: $1,200,000Expenses 2018: $595,596Net Income 2018: $604,4042018Revenue 2019: $1,400,000Expenses 2019: $866,772Net Income 2019: $533,2282019Revenue 2020: $1,000,000Expenses 2020: $1,364,151Net Income 2020: -$364,1512020Revenue 2021: $1,300,339Expenses 2021: $1,409,030Net Income 2021: -$108,6912021Revenue 2022: $1,248,587Expenses 2022: $1,095,243Net Income 2022: $153,3442022Revenue 2023: $1,375,607Expenses 2023: $1,391,141Net Income 2023: -$15,5342023Revenue 2024: $1,742,641Expenses 2024: $1,301,855Net Income 2024: $440,7862024

Highlighted filing

2017

Revenue$1,100,044
Expenses$435,753
Net Income$664,291
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,100,044
Mission and Program Overview

Mission

The corporation will bring together chief executive officers from ri leading businesses and institutions to bring about civic betterments, tackle system issues and achieve lasting improvement in the state's economy in collaboration with public officials and business civic leaders

Bring together ri business leaders to bring about civic bettermends, tackle system issues and achieve lasting improvement in the states economy in collaboration with public officals and business civic leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$800,000-
Rtn Earn Endowment Incm Other Fnds$0$664,291▲ $664,291
Cash and Non-Interest-Bearing Accounts-$227,405-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$1,027,405▲ $1,027,405
Liabilities
Deferred Revenue-$200,000-
Accounts Payable and Accrued Expenses-$163,114-
Total Liabilities$0$363,114▲ $363,114
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$664,291▲ $664,291
Total Liabilities and Net Assets / Fund Balance$0$1,027,405▲ $1,027,405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas GiordanoExecutive DirectorFT$148,077$148,077

Board Members and Trustees

NameTitle
Brian GoldnerPresident
Larry MerloVice President
Brian MoynihanDirector
Bruce Van SaunDirector
Christina PaxsonDirector
Jeffrey GeigerDirector
Jonathan NelsonDirector
Robert DimuccioDirector
Tom LawsonDirector
Don SweitzerSecretary
Neil SteinbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,100,000
Investment Income
$0
Other Revenue
$44
Change in Net Assets
$664,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,757
Salaries, Compensation, and Employee Benefits$158,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$156,018--$156,018
Current Officers, Directors, Trustees, and Key Employees$133,269$14,808-$148,077
Fees for Services Other$72,656--$72,656
Office Expenses$17,307$1,923-$19,230
Fees for Services Legal-$12,174-$12,174
Payroll Taxes$9,827$1,092-$10,919
Information Technology$9,700--$9,700
Occupancy$6,281$698-$6,979
Total Functional Expenses$405,058$30,695$0$435,753
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No

Governance Explanations

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

The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board executive committee members. At the subsequent board executive committee meeting, the members are asked if they have any questions or comments and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting, the form is submitted to the irs.

Form 990, Part VI, Section B, Line 12C

Each year, the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conficts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict acutally exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.

Form 990, Part VI, Section B, Line 15

Annually the board conducts a performance review and evaluation of the president/ceo. The review also establishes the individual's compensation for the following year. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from compensation surveys. The board's deliberation and decision is noted in the minutes of the meeting.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents (articles of incorporation and by-laws), and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative offices during normal business hours. The organization charges for copies in accordance with irs regulations.

Filing and Contact Details

Filer

Filer Name
Partnership for Rhode Island
EIN
81-4717112
Phone
4012474007
Address
ONE UNION STATION, PROVIDENCE, RI 02903

Signing Officer

Name
Neil Steinberg
Title
Treasurer
Phone
4012474007
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Steinberg
Formed
2016
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
0

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Sandy Ross
Phone
4012742001
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Bringing together cheif executive officers from ri leading businesses and institutions to bring about civic bettermends tackle system issues and achieve lasting improvement in the states economy in collaboration with public officals and business civic leaders.

Form 990, Part IX, Line 11G

Payroll service fees: program service expenses 1,956. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,956. Consultants: program service expenses 70,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,700.

Raw XML Appendix355 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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/MissionDesc0EXCLUSIVELY FOR CHARITABLE EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986 MORE SPECIFICALLY THE CORPORATION WILL BRING TOGETHER CHEIF EXECUTIVE OFFICERS FROM RI LEADING BUSINESSES AND INSTITUTIONS TO BRING ABOUT CIVIC BETTERMENDS, TACKLE SYSTEM ISSUES AND ACHIEVE LASTING IMPROVEMENT IN THE STATES ECONOMY IN COLLABORATION WITH PUBLIC OFFICALS AND BUSINESS CIVIC LEADERS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRINGING TOGETHER CHEIF EXECUTIVE OFFICERS FROM RI LEADING BUSINESSES AND INSTITUTIONS TO BRING ABOUT CIVIC BETTERMENDS TACKLE SYSTEM ISSUES AND ACHIEVE LASTING IMPROVEMENT IN THE STATES ECONOMY IN COLLABORATION WITH PUBLIC OFFICALS AND BUSINESS CIVIC LEADERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD EXECUTIVE COMMITTEE MEMBERS. AT THE SUBSEQUENT BOARD EXECUTIVE COMMITTEE MEETING, THE MEMBERS ARE ASKED IF THEY HAVE ANY QUESTIONS OR COMMENTS AND A GENERAL REVIEW OF THE FORM IS CONDUCTED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. SUBSEQUENT TO THIS MEETING, THE FORM IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR, THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACUTALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT/CEO. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM COMPENSATION SURVEYS. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR COPIES IN ACCORDANCE WITH IRS REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 1,956. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,956. CONSULTANTS: PROGRAM SERVICE EXPENSES 70,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,700.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt01027405
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01027405
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030695
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0405058
IRS990/TotalFunctionalExpensesGrp/TotalAmt0435753
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0363114
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0363114
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0664291
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0405058
IRS990/TotalProgramServiceRevenueAmt01100000
IRS990/TotalReportableCompFromOrgAmt0148077
IRS990/TotalRevenueGrp/ExclusionAmt044
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01100000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01100044
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01027405
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE UNION STATION
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002904
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.PARTNERSHIPRI.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NEIL STEINBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04012474007
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARTNERSHIP FOR RHODE ISLAND
ReturnHeader/Filer/BusinessNameControlTxt0PART
ReturnHeader/Filer/EIN0814717112
ReturnHeader/Filer/PhoneNum04012474007
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE UNION STATION
ReturnHeader/Filer/USAddress/CityNm0PROVIDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002903
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId014408212A635E8F42A904D17529EDD5146E6480F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08CEDF576CA043CC62ABB75A2273520B055B15DFF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.117.160.66
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm006:46:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050409384
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KAHN LITWIN RENZA & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0951 NORTH MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PROVIDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002904
ReturnHeader/PreparerPersonGrp/PhoneNum04012742001
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDY ROSS
ReturnHeader/ReturnTs02018-11-15T09:31:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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