Rhode Island Institute For Labor
- Assets
- $682.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Cranston, RI
- Founding
- 12/1981
- Data as of
- 06/2023
- EIN
- 05-0387211
Organization Overview
Rhode Island Institute For Labor is located in Cranston, RI. The organization was established in 1981. According to its NTEE Classification (V37) the organization is classified as: Labor Studies, under the broad grouping of Social Science and related organizations. As of 06/2023, Rhode Island Institute For Labor employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Institute For Labor is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Rhode Island Institute For Labor generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES EDUCATION AND TRAINING THAT ENABLES WORKING PEOPLE AND THE LABOR MOVEMENT TO HAVE A STRONGER VOICE IN THE WORKPLACE AND PARTICIPATE MORE EFFECTIVELY IN THE CHANGING GLOBAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ADULT EDUCATION OPPORTUNITIES FOR WORKING PEOPLE, INCLUDING LITERACY, JOB TRAINING, WORKING RIGHTS AND LEADERSHIP TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Delaney Ex. Director | Officer | 40 | $130,835 |
George Nee Chairperson | OfficerTrustee | 1 | $0 |
Paul A Macdonald Vice Chair. | OfficerTrustee | 1 | $0 |
Patrick Crowley Sec.treas. | OfficerTrustee | 1 | $0 |
Mario Bueno Trustee | Trustee | 1 | $0 |
J Michael Downey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $23,097 |
| Membership dues | $0 |
| Fundraising events | $10,107 |
| Related organizations | $0 |
| Government grants | $851,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $313,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,198,245 |
| Total Program Service Revenue | $177,738 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,376,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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. | $153,392 |
| Compensation of current officers, directors, key employees. | $61,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $602,312 |
| Pension plan accruals and contributions | $47,861 |
| Other employee benefits | $136,280 |
| Payroll taxes | $70,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,091 |
| Advertising and promotion | $0 |
| Office expenses | $39,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,836 |
| All other expenses | $0 |
| Total functional expenses | $1,341,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,499 |
| Savings and temporary cash investments | $303,860 |
| Pledges and grants receivable | $173,977 |
| Accounts receivable, net | $13,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $414 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,176 |
| Total assets | $682,866 |
| Accounts payable and accrued expenses | $79,844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,478 |
| Total liabilities | $246,322 |
| Net assets without donor restrictions | $317,006 |
| Net assets with donor restrictions | $119,538 |
| 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 | $682,866 |