University Of Rhode Island Student Senate Inc
- Assets
- $4.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 91
- Location
- Kingston, RI
- Founding
- 04/1991
- Data as of
- 06/2022
- EIN
- 05-0435530
Organization Overview
University Of Rhode Island Student Senate Inc is located in Kingston, RI. The organization was established in 1991. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2022, University Of Rhode Island Student Senate Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Rhode Island Student Senate 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 06/2022, University Of Rhode Island Student Senate Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERISTY OF RHODE ISLAND STUDENT SENATE SHALL HAVE THE POWER TO ESTABLISH, RECOGNIZE AND PROMOTE EDUCATIONAL, SOCIAL AND CULTURAL ACTIVITIES FOR THE ENAHANCEMENT OF ST
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERISTY OF RHODE ISLAND STUDENT SENATE IS AN ENTITY SEPERATE FROM THE UNIVERSITY OF RHODE ISLAND, WHICH WAS ESTABLISHED TO ACCOUNT FOR THE REVENUES AND EXPENDITURES OF VARIOUS ORGANIZATIONS ON THE UNIVERSITY'S CAMPUS.
THE UNIVERSITY OF RHODE ISLAND STUDENT SENATE RECOGNIZES A NUMBER OF STUDENT ACTIVITIES WHICH ARE NOT FUNDED BY THE STUDENT SENATE FUNDS. THESE ORGANIZATIONS GENERATE REVENUE FROM THEIR OWN ACTIVITIES, BUS USE THE STUDENT SENATE'S ACCOUNT.
THE ORGANIZATION ALSO RUNS THE STUDENT NEWSPAPERS, THE STUDENT YEARBOOK, THE STUDENT RUN RADIO STATION, WRIU, AND THE STUDENT RUN TELEVISION STATION, URI-TV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bolu Taiwo President | Officer | 6 | $1,500 |
Christopher Hoover Director Of Treasury | Officer | 6 | $1,200 |
Katie Siegle Soc Chair | Officer | 6 | $1,200 |
Kyra Shindler Academic Affairs Chair | Officer | 6 | $1,000 |
Emily Gamache Campus Affairs Chair | Officer | 6 | $1,000 |
Grace Kiernan External Affairs Chair | Officer | 6 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,317,100 |
| Investment income | $32,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,936 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,359,504 |
| 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. | $20,435 |
| Compensation of current officers, directors, key employees. | $20,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,074 |
| Office expenses | $20,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,062 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,880 |
| Interest | $1,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,759 |
| All other expenses | $231,326 |
| Total functional expenses | $2,282,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,843,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,843,417 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,843,417 |
| 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 | $4,843,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
The Alumni Association Of The University Of Rhode Island Kingston, RI | $7,769,978 | $4,071,674 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
University Of Rhode Island Student Senate Inc Kingston, RI | $4,843,417 | $2,359,504 |
Alumnae Association Of Mount Holyoke College Inc South Hadley, MA | $10,342,272 | $1,471,189 |
Alumnae Association Of Smith College Northampton, MA | $31,465,732 | $2,730,203 |
Association Of Marshall Scholars Inc Cambridge, MA | $3,395,554 | $1,576,149 |
University Of Massachusetts At Amherst Alumni Association Inc Amherst, MA | $6,634,706 | $1,080,061 |
Yale University New Haven, CT | $8,107,533 | $1,829,145 |
English High School Association Of Boston Dedham, MA | $991,640 | $338,037 |
Mit Sloan Boston Alumni Association Inc Boston, MA | $670,220 | $423,951 |