East Bay Educational Collaborative
- Assets
- $3.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Warren, RI
- Founding
- 03/1997
- Data as of
- 06/2024
- EIN
- 05-0458461
Organization Overview
East Bay Educational Collaborative is located in Warren, RI. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, East Bay Educational Collaborative employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Bay Educational Collaborative 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 06/2024, East Bay Educational Collaborative generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUE AND/OR INITIATE COOPERATIVE EFFORTS TO PROVIDE EDUCATIONAL PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MATERIALS RESOURCE CENTER(MRC) PROVIDES HANDS ON INQUIRY SCIENCE KITS FOR GRADES K-8. MCR PRIMARILY SERVES ELEMENTARY AND MIDDLE SCHOOLS IN RHODE ISLAND.
OTHER PROGRAMS CONSISTS OF: CONTRACTS WITH VARIOUS GOVERNMENT AGENCIES RELATED TO EDUCATION(1,623,439 EXPENSES, 1,623,439 REVENUE); RI LIBRARY INFORMATION NETWORK "RILINK" , WHICH IS A COOPERATIVE EFFORT BY RI SCHOOL LIBRARIANS TO SHARE THEIR RESOURCES AMONG SCHOOL LIBRARY MEDIA CENTER THROUGH AN INTERACTIVE WEB-BASED NETWORK (545,022 EXPENSES, 544,935 REVENUE).
THE EAST BAY CAREER ACADEMY IS AN ALTERNATIVE, TUITION BASED HIGH SCHOOL THAT HELPS STUDENTS GAIN DIRECTION TO BECOME GAINFULLY EMPLOYED AND TRAINED.
SPECIAL SERVICES REVENUES ARE FROM TUITION BASED PROGRAMS FOR CERTAIN POST HIGH SCHOOL STUDENTS WITH INDIVIDUAL EDUCATION PROGRAM (IEP), AS WELL AS A TUITION BASED TEACHER ASSISTANT TRAINING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kenworthy Chairperson | OfficerTrustee | 1 | $0 |
Mike Messore Vice Chairpe | OfficerTrustee | 1 | $0 |
Collen Jermain Director | Trustee | 1 | $0 |
Rosemarie Kraeger Director | Trustee | 1 | $0 |
Peter Sanchioni Director | Trustee | 1 | $0 |
Laurie Dias-Mitchell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holly Ayotte Consultant | 6/29/24 | $141,080 |
Julie Goggin Inc Consultant | 6/29/24 | $105,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,062,265 |
| 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 | $2,062,265 |
| Total Program Service Revenue | $2,377,193 |
| Investment income | $2,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,900 |
| 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 | $4,486,432 |
| 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. | $276,959 |
| Compensation of current officers, directors, key employees. | $69,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,275,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $459,937 |
| Payroll taxes | $118,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,204 |
| Fees for services: Accounting | $69,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,769 |
| Advertising and promotion | $766 |
| Office expenses | $62,689 |
| Information technology | $24,243 |
| Royalties | $0 |
| Occupancy | $276,311 |
| Travel | $12,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,850 |
| Insurance | $15,512 |
| All other expenses | $3,288 |
| Total functional expenses | $5,009,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,194,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,455 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $71,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $3,507,698 |
| Accounts payable and accrued expenses | $764,970 |
| Grants payable | $0 |
| Deferred revenue | $120,317 |
| 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 | $885,287 |
| Net assets without donor restrictions | $2,622,411 |
| 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 | $3,507,698 |