Tpc Social Ventures Inc
- Assets
- $508.8k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Providence, RI
- Founding
- 03/1989
- Data as of
- 09/2023
- EIN
- 05-0441980
Organization Overview
Tpc Social Ventures Inc is located in Providence, RI. The organization was established in 1989. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2023, Tpc Social Ventures Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tpc Social Ventures 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 09/2023, Tpc Social Ventures Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 4.5% 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
TO PROVIDE TRAINING & EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH EXPERIENCE OF MENTAL ILLNESS OR SUBSTANCE ABUSE PROBLEMS; IN CONJUNCTION WITH & IN SUPPORT OF THE PROVIDENCE CTR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMAIL - PROVIDES EMPLOYMENT AND TRAINING OPPORTUNITIES TO PEOPLE WITH THE EXPERIENCE OF MENTAL ILLNESS OR SUBSTANCE USE DISORDERS IN A MAILING, PACKAGING, AND ASSEMBLY FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Marran President/coo - Director | OfficerTrustee | 55 | $0 |
Stephen E Burke Treasurer - Director | OfficerTrustee | 55 | $0 |
Linda Cohen Director | Trustee | 1 | $0 |
Maureen Cronin Director | Trustee | 1 | $0 |
Karl Ericson Director | Trustee | 1 | $0 |
Jean Mantaian Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United States Postal Service Postal | 9/29/23 | $763,757 |
The Providence Center Inc Management | 9/29/23 | $283,032 |
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 | $1,537,296 |
| Investment income | $0 |
| 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 | $1,537,296 |
| 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 | $208,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,390 |
| Fees for services: Management | $283,032 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $205 |
| Office expenses | $956,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,798 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,436 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,556,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $159,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,423 |
| 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 | $101,434 |
| Net Land, buildings, and equipment | $80,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,316 |
| Total assets | $508,762 |
| Accounts payable and accrued expenses | $13,730 |
| 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 | $88,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $102,390 |
| Net assets without donor restrictions | $406,372 |
| 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 | $508,762 |