Blackstone Valley Tourism Council Inc is located in Central Falls, RI. The organization was established in 1988. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Blackstone Valley Tourism Council Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blackstone Valley Tourism Council Inc 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 06/2021, Blackstone Valley Tourism Council Inc generated $947.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $983.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF TOURISM IN THE BLACKSTONE RIVER VALLEY IN RI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF HISTORICAL SITES AND TOURISM IN THE BLACKSTONE RIVER VALLEY AREA IN RI AND MA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Billington President | Trustee | 40 | $79,539 |
Dave Richards Chairman | OfficerTrustee | 3 | $0 |
Judy A Fischbach Treasurer | OfficerTrustee | 2 | $0 |
Barry Mechanic Vice Chairman | OfficerTrustee | 2 | $0 |
Joyce Hindle Koutsogiane Edd Secretary | OfficerTrustee | 2 | $0 |
Thomas Kravitz Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $4,404 |
Related organizations | $0 |
Government grants | $166,191 |
All other contributions, gifts, grants, and similar amounts not included above | $426,062 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $596,657 |
Total Program Service Revenue | $352,752 |
Investment income | $284 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$5,607 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $3,729 |
Miscellaneous Revenue | $0 |
Total Revenue | $947,815 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $502,353 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $22,769 |
Payroll taxes | $43,373 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,752 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $67,005 |
Advertising and promotion | $97,662 |
Office expenses | $2,141 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,636 |
Travel | $594 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $32 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,963 |
Insurance | $16,621 |
All other expenses | $17,032 |
Total functional expenses | $982,983 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $463,650 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,986 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $28,649 |
Prepaid expenses and deferred charges | $1,459 |
Net Land, buildings, and equipment | $38,735 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,000 |
Total assets | $548,479 |
Accounts payable and accrued expenses | $86,971 |
Grants payable | $0 |
Deferred revenue | $10,000 |
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 | $50,819 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $406,408 |
Total liabilities | $554,198 |
Net assets without donor restrictions | -$5,719 |
Net assets with donor restrictions | $0 |
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 | $548,479 |
Over the last fiscal year, we have identified 5 grants that Blackstone Valley Tourism Council Inc has recieved totaling $102,530.
Awarding Organization | Amount |
---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: EQUIPMENT FOR THE BLACKSTONE RIVER EDUCATION CENTER | $42,000 |
Luke Charitable Foundation Pawtucket, RI PURPOSE: OPERATING | $20,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: CENTRAL FALLS FREE YOUTH KAYAK PROGRAM; GENERAL OPERATING | $10,530 |
Navigant Credit Union Smithfield, RI PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |
Preserve Rhode Island Providence, RI | $13,128,578 | $4,482,092 |