West Bay Collaborative Inc
- Assets
- $2.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 83
- Location
- Warwick, RI
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 05-0460855
Organization Overview
West Bay Collaborative Inc is located in Warwick, RI. The organization was established in 1992. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, West Bay Collaborative Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Bay Collaborative 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, West Bay Collaborative Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PUBLIC EDUCATION THROUGH JOINT PROGRAMING, TRAINING AND TEACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS PROVIDE JOINT PROGRAMING AND TRAINING OPPORTUNITIES FOR MEMBER SCHOOLS AND TOWNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryann Struble Exec. Director | Officer | 35 | $116,190 |
Ms Karen Tarasevich Board Member | Trustee | 1 | $0 |
Ms Jeannine Nota-Masse Board Member | Trustee | 1 | $0 |
Mr Javier Montanez Board Member | Trustee | 1 | $0 |
Ms Lynn Dambruch Board Member | Trustee | 1 | $0 |
Mr Craig Levis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,720,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,989,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,710,370 |
| Total Program Service Revenue | $0 |
| 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 | $5,710,370 |
| 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. | $261,253 |
| Compensation of current officers, directors, key employees. | $261,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,968,558 |
| Pension plan accruals and contributions | $222,680 |
| Other employee benefits | $892,771 |
| Payroll taxes | $304,957 |
| Fees for services: Management | $92,066 |
| 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 | $4,390 |
| Office expenses | $6,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,459 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,771 |
| Insurance | $21,676 |
| All other expenses | $675,309 |
| Total functional expenses | $5,993,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $573,013 |
| Accounts receivable, net | $544,552 |
| 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 | $2,796 |
| Net Land, buildings, and equipment | $57,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,625 |
| Total assets | $2,617,303 |
| Accounts payable and accrued expenses | $145,277 |
| Grants payable | $0 |
| Deferred revenue | $25,157 |
| 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 | $170,434 |
| Net assets without donor restrictions | $2,446,869 |
| 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 | $2,617,303 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that West Bay Collaborative Inc has recieved totaling $21,368.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $21,340 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Foundation For Civic Leadership Inc Cambridge, MA | $2,419,879 | $3,718,020 |
Greenwave Organization Corp New Haven, CT | $6,369,033 | $6,204,839 |
Eastern Millwright Regional Council Apprenticeship & Training Fund Framingham, MA | $8,198,256 | $2,598,641 |
Southeastern Massachusetts Ser-Jobs For Progress Inc Fall River, MA | $976,887 | $2,626,536 |
Massachusetts Biotechnology Education Foundation Inc Cambridge, MA | $2,372,031 | $2,337,731 |
Pbs Learning Institute Inc Braintree, MA | $1,893,398 | $2,161,588 |
Cambridge Center For Adult Education Inc Cambridge, MA | $2,957,384 | $1,801,441 |