Rhode Island Builders Association
- Assets
- $2.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- East Providence, RI
- Founding
- 07/1951
- Data as of
- 12/2022
- EIN
- 05-0254618
Organization Overview
Rhode Island Builders Association is located in East Providence, RI. The organization was established in 1951. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Rhode Island Builders Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Builders Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Rhode Island Builders Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGAZINE - THE MONTHLY MAGAZINE SERVES THE PROFESSIONAL DEVELOPMENT OF OUR MEMBERS AND THE INFORMATIONAL NEEDS OF THE GENERAL PUBLIC.
HOME SHOW - THE HOME SHOW EDUCATES THE PUBLIC ON NEW TRENDS, MATERIALS, AND SERVICES IN THE HOME CONSTRUCTION INDUSTRY.
HEALTH INSURANCE - THE HEALTH INSURANCE PROGRAM PROVIDES AFFORDABLE HEALTH CARE COVERAGE FOR THE MEMBERSHIP THROUGH OUR GROUP PURCHASE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Marcantonio Executive Director | Officer | 40 | $239,630 |
Carla Destefano Director | Trustee | 0.5 | $0 |
Kenneth S Coury Director | Trustee | 0.5 | $0 |
Matthew O Davitt Director | Trustee | 0.5 | $0 |
Scott Grace Director | Trustee | 0.5 | $0 |
Vincent J Marcantonio Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $571,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,120 |
| Total Program Service Revenue | $1,692,798 |
| Investment income | $38,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,377 |
| Net Gain/Loss on Asset Sales | $4,634 |
| Net Income from Fundraising Events | -$17,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,312,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,892 |
| Pension plan accruals and contributions | $14,983 |
| Other employee benefits | $14,547 |
| Payroll taxes | $46,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,600 |
| Fees for services: Accounting | $83,789 |
| Fees for services: Lobbying | $62,340 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,624 |
| Fees for services: Other | $232,271 |
| Advertising and promotion | $417,750 |
| Office expenses | $189,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,163 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,943 |
| Interest | $4,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,570 |
| Insurance | $22,270 |
| All other expenses | $0 |
| Total functional expenses | $2,201,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,293 |
| Savings and temporary cash investments | $92,115 |
| Pledges and grants receivable | $116,835 |
| Accounts receivable, net | $33,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,953 |
| Net Land, buildings, and equipment | $182,689 |
| Investments—publicly traded securities | $690,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $14,022 |
| Total assets | $2,154,988 |
| Accounts payable and accrued expenses | $137,351 |
| Grants payable | $0 |
| Deferred revenue | $289,363 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $148,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,824 |
| Total liabilities | $600,750 |
| Net assets without donor restrictions | $1,553,962 |
| Net assets with donor restrictions | $276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,154,988 |