Leadership Rhode Island Educational Foundation
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Providence, RI
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 22-2570460
Organization Overview
Leadership Rhode Island Educational Foundation is located in Providence, RI. The organization was established in 1985. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Leadership Rhode Island Educational Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Rhode Island Educational Foundation 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 12/2022, Leadership Rhode Island Educational Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 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
WE ENGAGE AND CONNECT PEOPLE THROUGH SHARED EXPERIENCES THAT POSITIVELY TRANSFORM INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT:RECOGNIZING LEADERS AND INVESTING IN THEIR PERSONAL AND PROFESSIONAL GROWTH AND CONNECTIONS WITH ONE ANOTHER. DEVELOP, SPONSOR & PROVIDE EDUCATIONAL PROGRAMS AND INFORMATION REGARDING THE POLITICAL SYSTEM, HISTORY, STRENGTHS, WEAKNESSES, PROBLEMS & ISSUES RELATING TO RHODE ISLAND.
COMMUNITY ENGAGEMENT - SERVES TO EDUCATE, ENGAGE, AND PROVOKE ACTION AROUND THE MOST TIMELY, CONTROVERSIAL TOPICS OF THE RHODE ISLAND DAY BY BRINGING TOGETHER EXPERTS FROM THE PUBLIC AND PRIVATE SECTORS.
ALUMNI NETWORK :BUILD AND WEAVE AUTHENTIC NETWORKS OF DIVERSE LEADERS ACROSS SECTORS AND GENERATIONS TO FORM CONNECTIONS AND MUTUALLY BENEFICIAL RELATIONSHIPS FOR THEMSELVES AND RHODE ISLAND. PROVIDE INFORMATION TO MEMBERS REGARDING THE POLITICAL SYSTEM, HISTORY, STRENGTHS, WEAKNESSES, PROBLEMS & ISSUES RELATING TO RI.
STRENGTH TRAINING:A STRENGTH-BASED LEADERSHIP PROGRAM TO MAKE A SIGNIFICANT POSITIVE IMPACT ON EMPLOYEE ENGAGEMENT IN THE WORKPLACE, BOLSTER THE COLLECTIVE SELF-ESTEEM OF RHODE ISLANDERS, MAKE RHODE ISLAND THE FIRST STRENGTHS-BASED STATE IN THE COUNTRY AND SUSTAIN RHODE ISLAND AS THE FIRST STRENGTHS-BASED STATE IN THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Benjamin Chair | OfficerTrustee | 3 | $0 |
Sulina Mohanty Treasurer | OfficerTrustee | 2 | $0 |
Ashia Graziano Secretary | OfficerTrustee | 2 | $0 |
Peter Rumsey Vice Chair | OfficerTrustee | 2 | $0 |
Christine Sheehan Board Member | Trustee | 1 | $0 |
Edmund Shallcross III Board Member | Trustee | 1 | $0 |
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 | $775,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,877 |
| Total Program Service Revenue | $723,880 |
| Investment income | $21,998 |
| 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 | $1,521,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $102,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $193,467 |
| Compensation of current officers, directors, key employees. | $23,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,893 |
| Pension plan accruals and contributions | $18,332 |
| Other employee benefits | $36,415 |
| Payroll taxes | $59,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,456 |
| Advertising and promotion | $4,436 |
| Office expenses | $66,296 |
| Information technology | $40,934 |
| Royalties | $0 |
| Occupancy | $69,086 |
| Travel | $9,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $171,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,746 |
| Insurance | $4,315 |
| All other expenses | $0 |
| Total functional expenses | $1,560,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,432 |
| 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 | $15,534 |
| Net Land, buildings, and equipment | $31,797 |
| Investments—publicly traded securities | $441,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,569 |
| Total assets | $1,517,003 |
| Accounts payable and accrued expenses | $48,800 |
| Grants payable | $0 |
| Deferred revenue | $262,901 |
| 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 | $332,555 |
| Total liabilities | $644,256 |
| Net assets without donor restrictions | $665,604 |
| Net assets with donor restrictions | $207,143 |
| 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 | $1,517,003 |