Civic Intelligence

Rihub

990 • Fiscal year 2023 • EIN 82-1813115

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

225 Dyer Street 2nd FloorProvidence, RI 02903

(401) 829-1051

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.38x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.24x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$157,558

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

87th percentile

49%

Faster asset growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

35%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$527,030

Up $174,465 (+49%) from 2022

Net Assets

Up

$327,535

Up $142,590 (+77%) from 2022

Liabilities

Up

$199,495

Up $31,875 (+19%) from 2022

Revenue

Up

$824,734

Up $214,429 (+35%) from 2022

Expenses

Up

$682,569

Up $33,462 (+5.2%) from 2022

Net Income

Up

$142,165

Up $180,967 (+466%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$527,030
Liabilities$199,495
Net Assets$327,535

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$824,734
Expenses$682,569
Net Income$142,165
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$824,734
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
Accounts Receivable$3,648$373,800▲ $370,152
Cash and Non-Interest-Bearing Accounts$348,917$153,230▼ $195,687
Total Assets$352,565$527,030▲ $174,465
Liabilities
Deferred Revenue$160,000$160,000→ $0
Accounts Payable and Accrued Expenses$7,620$39,495▲ $31,875
Total Liabilities$167,620$199,495▲ $31,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,945$327,535▲ $142,590
Total Net Assets Fund Balance$184,945$327,535▲ $142,590
Total Liabilities and Net Assets / Fund Balance$352,565$527,030▲ $174,465
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Annette TontiPresident and Managing DirectorFT$145,558$12,000$157,558

Board Members and Trustees

NameTitle
Katharine FlynnChairman
Hope HopkinsDirector
Ji Mi ChoiDirector
Neil VelosoDirector
Pete RumseySecretary
Stephen PiperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$824,734
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$512,234
Change in Net Assets
$142,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,621
Salaries, Compensation, and Employee Benefits$291,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$240,829--$240,829
Current Officers, Directors, Trustees, and Key Employees$154,388--$154,388
Other Salaries and Wages$108,222--$108,222
Fees for Services Other$80,179--$80,179
Payroll Taxes$20,388--$20,388
Advertising$17,809--$17,809
Office Expenses$16,431--$16,431
Conferences and Meetings$9,713--$9,713
Fees for Services Accounting-$9,704-$9,704
Other Employee Benefits$8,950--$8,950
Information Technology$7,429--$7,429
Travel$5,300--$5,300
Insurance$2,952--$2,952
Other Expenses$275--$275
Total Functional Expenses$672,865$9,704$0$682,569
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
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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Tonti
Formed
2018
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
1
Employees
4
Volunteers
86

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 643. Management and general expenses 0. Fundraising expenses 0. Total expenses 643. Professional fees: program service expenses 68,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,000. Freelance and interns: program service expenses 10,937. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,937. Contract services: program service expenses 599. Management and general expenses 0. Fundraising expenses 0. Total expenses 599.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND MANAGING DIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157558
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 643. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 643. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 68,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,000. FREELANCE AND INTERNS: PROGRAM SERVICE EXPENSES 10,937. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,937. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 599.
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/TotalAssetsBOYAmt0352565
IRS990/TotalAssetsEOYAmt0527030
IRS990/TotalAssetsGrp/BOYAmt0352565
IRS990/TotalAssetsGrp/EOYAmt0527030
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0824734
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09704
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0672865
IRS990/TotalFunctionalExpensesGrp/TotalAmt0682569
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0167620
IRS990/TotalLiabilitiesEOYAmt0199495
IRS990/TotalLiabilitiesGrp/BOYAmt0167620
IRS990/TotalLiabilitiesGrp/EOYAmt0199495
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0184945
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0327535
IRS990/TotalOtherCompensationAmt012000
IRS990/TotalProgramServiceExpensesAmt0672865
IRS990/TotalReportableCompFromOrgAmt0145558
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0824734
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt086
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0352565
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0527030
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05300
IRS990/TravelGrp/TotalAmt05300
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 DYER STREET 2ND FLOOR
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.RIHUB.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNETTE TONTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04018291051
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002903
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/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK J MARTIN
ReturnHeader/ReturnTs02024-05-15T13:27:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANNETTE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TONTI
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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