Civic Intelligence

Rihub

EIN 82-1813115 • 501(c)3 • Providence, RI

Pub. 78 Eligible990-N Coverage

Profile

Rihub's mission is all about driving economic transformation by helping entrepreneurs and startups more effectively focus and apply their ingenuity and innovation to reach their goals.

225 Dyer Street 2nd FloorProvidence, RI 02903

www.rihub.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.25x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.17x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$157,058

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

80th percentile

27%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$669,243

Up $142,213 (+27%) from 2023

Liabilities

Down

$167,196

Down $32,299 (-16%) from 2023

Net Assets

Up

$502,047

Up $174,512 (+53%) from 2023

Revenue

Up

$997,808

Up $173,074 (+21%) from 2023

Expenses

Up

$823,296

Up $140,727 (+21%) from 2023

Net Income

Up

$174,512

Up $32,347 (+23%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $196,994Liabilities 2019: $5,000Net Assets 2019: $191,9942019Assets 2020: $289,194Liabilities 2020: $302Net Assets 2020: $288,8922020Assets 2021: $421,624Liabilities 2021: $172,247Net Assets 2021: $249,3772021Assets 2022: $352,565Liabilities 2022: $167,620Net Assets 2022: $184,9452022Assets 2023: $527,030Liabilities 2023: $199,495Net Assets 2023: $327,5352023Assets 2024: $669,243Liabilities 2024: $167,196Net Assets 2024: $502,0472024

Highlighted filing

2024

Assets$669,243
Liabilities$167,196
Net Assets$502,047

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $409,067Expenses 2019: $246,896Net Income 2019: $162,1712019Revenue 2020: $443,631Expenses 2020: $346,733Net Income 2020: $96,8982020Revenue 2021: $612,673Expenses 2021: $652,188Net Income 2021: -$39,5152021Revenue 2022: $610,305Expenses 2022: $649,107Net Income 2022: -$38,8022022Revenue 2023: $824,734Expenses 2023: $682,569Net Income 2023: $142,1652023Revenue 2024: $997,808Expenses 2024: $823,296Net Income 2024: $174,5122024

Highlighted filing

2024

Revenue$997,808
Expenses$823,296
Net Income$174,512

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2025
Return Version
2023v6.0
Gross Receipts
$997,808
Mission and Program Overview

Mission

Rihub's mission is all about driving economic transformation by helping entrepreneurs and startups more effectively focus and apply their ingenuity and innovation to reach their goals.

Driving economic transformation by helping entrepreneurs and startups more effectively focus and apply their ingenuity and innovation to reach their goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,230$339,736▲ $186,506
Accounts Receivable$373,800$329,507▼ $44,293
Total Assets$527,030$669,243▲ $142,213
Liabilities
Deferred Revenue$160,000$160,000→ $0
Accounts Payable and Accrued Expenses$39,495$7,196▼ $32,299
Total Liabilities$199,495$167,196▼ $32,299
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$327,535$502,047▲ $174,512
Total Net Assets Fund Balance$327,535$502,047▲ $174,512
Total Liabilities and Net Assets / Fund Balance$527,030$669,243▲ $142,213
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Annette TontiPresident and Managing DirectorFT$145,558$11,500$157,058

Board Members and Trustees

NameTitle
Pete RumseyChairman (as 5/24)
Katharine FlynnChairman (to 5/24)
Neil VelosoDirector
Arnell MilhouseDirector (as of 5/24)
Christian CowanDirector (as of 5/24)
Lisa CarnevaleDirector (as of 5/24)
Hope HopkinsDirector (to 10/23)
Ji Mi ChoiDirector (to 5/24)
David AltounianSecretary (as 5/24)
Pete RumseySecretary (to 5/24)
Stephen PiperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$997,808
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$747,808
Change in Net Assets
$174,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$516,437
Salaries, Compensation, and Employee Benefits$306,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$248,098--$248,098
Current Officers, Directors, Trustees, and Key Employees$156,500--$156,500
Fees for Services Other$144,448--$144,448
Other Salaries and Wages$116,500--$116,500
Advertising$69,332--$69,332
Payroll Taxes$23,759--$23,759
Office Expenses$21,861--$21,861
Fees for Services Legal-$13,427-$13,427
Other Employee Benefits$10,100--$10,100
Fees for Services Accounting-$8,396-$8,396
Conferences and Meetings$7,059--$7,059
Insurance$3,168--$3,168
Travel$648--$648
Total Functional Expenses$801,473$21,823$0$823,296
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 A, Line 8B

The committees do not have the authority to act on behalf of the governing body.

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

The form 990 is prepared by the external auditors and reviewed by management and the board of directors. Revisions, corrections, etc. Are made as necessary. Once all are satisfied with the form, it is finalized, a copy is sent to all board members, and it is filed with the irs.

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

The potential conflict of interest would be presented to the board for approval. If there is a related board member, the related board member would abstain from voting on the resolution. All related party transactions must be approved by the board of directors. Related party transactions are monitored by the board of directors.

Form 990, Part VI, Section B, Line 15

Annually, the board conducts a performance review and evaluation of the managing director. 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 are noted in the minutes of the meeting.

Form 990, Part VI, Section C, Line 19

Annually, the board conducts a performance review and evaluation of the executive director. 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 are noted in the minutes of the meeting.

Filing and Contact Details

Filer

Filer Name
Rihub
EIN
82-1813115
Phone
4018291051
Address
225 DYER STREET 2ND FLOOR, PROVIDENCE, RI 02903

Signing Officer

Name
Annette Tonti
Title
Managing Director
Phone
4018291051
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Tonti
Formed
2018
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
101

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Payroll service fees: program service expenses 636. Management and general expenses 0. Fundraising expenses 0. Total expenses 636. Professional fees: program service expenses 70,438. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,438. Freelance and interns: program service expenses 72,226. Management and general expenses 0. Fundraising expenses 0. Total expenses 72,226. Contract services: program service expenses 1,148. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,148.

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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0995808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0824734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0610305
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0612674
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0852698
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03896219
IRS990ScheduleA/TotalSupportAmt03896219
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANNETTE TONTI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND MANAGING DIRECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED, A COPY IS SENT TO ALL BOARD MEMBERS, AND IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POTENTIAL CONFLICT OF INTEREST WOULD BE PRESENTED TO THE BOARD FOR APPROVAL. IF THERE IS A RELATED BOARD MEMBER, THE RELATED BOARD MEMBER WOULD ABSTAIN FROM VOTING ON THE RESOLUTION. ALL RELATED PARTY TRANSACTIONS MUST BE APPROVED BY THE BOARD OF DIRECTORS. RELATED PARTY TRANSACTIONS ARE MONITORED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE MANAGING DIRECTOR. 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 ARE NOTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR. 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 ARE NOTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 636. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 636. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 70,438. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,438. FREELANCE AND INTERNS: PROGRAM SERVICE EXPENSES 72,226. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,226. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,148. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,148.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0527030
IRS990/TotalAssetsEOYAmt0669243
IRS990/TotalAssetsGrp/BOYAmt0527030
IRS990/TotalAssetsGrp/EOYAmt0669243
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0997808
IRS990/TotalEmployeeCnt04
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0801473
IRS990/TotalFunctionalExpensesGrp/TotalAmt0823296
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0167196
IRS990/TotalLiabilitiesGrp/BOYAmt0199495
IRS990/TotalLiabilitiesGrp/EOYAmt0167196
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0327535
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0502047
IRS990/TotalOtherCompensationAmt011500
IRS990/TotalProgramServiceExpensesAmt0801473
IRS990/TotalReportableCompFromOrgAmt0145558
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0997808
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0101
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0669243
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0648
IRS990/TravelGrp/TotalAmt0648
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 DYER STREET 2ND FLOOR
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IRS990/WebsiteAddressTxt0WWW.RIHUB.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNETTE TONTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04018291051
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIHUB
ReturnHeader/Filer/BusinessNameControlTxt0RIHU
ReturnHeader/Filer/EIN0821813115
ReturnHeader/Filer/PhoneNum04018291051
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 DYER STREET 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0PROVIDENCE
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02025-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK J MARTIN
ReturnHeader/ReturnTs02025-05-01T12:25:18-05:00
ReturnHeader/ReturnTypeCd0990

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