The Corliss Institute Inc
- Assets
- $1.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 49
- Location
- Warren, RI
- Founding
- 12/1988
- Data as of
- 06/2021
- EIN
- 22-2550175
Organization Overview
The Corliss Institute Inc is located in Warren, RI. The organization was established in 1988. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Corliss Institute Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corliss Institute 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, Corliss Institute Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL, HABILITATION, AND EMPLOYMENT SERVICES TO DEAF PEOPLE WITH DIVERSE DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAM
VOCATIONAL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Malloy Executive Director | Officer | 40 | $80,925 |
Frederic L Rockefeller Jr President | OfficerTrustee | 1 | $0 |
Peter Loescher CPA Treasurer | OfficerTrustee | 1 | $0 |
Ron Grandchamp Vice President | OfficerTrustee | 1 | $0 |
Cheryl King Director | Trustee | 1 | $0 |
Anthony Caner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,600 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,957 |
| Total Program Service Revenue | $1,676,100 |
| Investment income | $68,656 |
| 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 | $2,198,781 |
| 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 | $1,405,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,144 |
| Payroll taxes | $102,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,267 |
| Advertising and promotion | $0 |
| Office expenses | $20,380 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,076 |
| 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 | $91,860 |
| Insurance | $41,737 |
| All other expenses | $0 |
| Total functional expenses | $2,128,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,603 |
| 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 | $12,860 |
| Net Land, buildings, and equipment | $1,191,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,776,001 |
| Accounts payable and accrued expenses | $101,317 |
| Grants payable | $0 |
| Deferred revenue | $45,600 |
| 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 | $161,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,974 |
| Total liabilities | $347,557 |
| Net assets without donor restrictions | $1,112,444 |
| Net assets with donor restrictions | $316,000 |
| 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 | $1,776,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Corliss Institute Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Rockwood Charitable Foundation Barrington, RI PURPOSE: GENERAL | $75,000 |
Endowment Analysis
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