Leadership Rhode Island Educational Foundation
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Providence, RI
- Founding
- 01/1985
- Data as of
- 12/2021
- 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 12/2021, Leadership Rhode Island Educational Foundation employed 9 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 12/2021, Leadership Rhode Island Educational Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 7.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ENGAGE AND CONNECT PEOPLE THROUGH SHARED EXPERIENCES THAT POSITIVELY TRANSFORM INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES. WE SEE A RHODE ISLAND THAT IS FLOURISHING - ECONOMICALLY, CIVICALLY, CULTURALLY - BUILT ON A FOUNDATION OF EVER-IMPROVING HUMAN CAPITAL WHOSE STRENGTHS AND POTENTIAL WE SPEND EACH DAY REVEALING AND IGNITING. WE SEE THE LESSONS OF THIS LIVELY LEADERSHIP EXPERIMENT BEING SHARED AND AMPLIFIED AROUND THE COUNTRY AND THE WORLD TO NURTURE THE KIND OF FULLY-ENGAGED SOCIETIES THAT CREATE LASTING, POSITIVE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SESSIONS - 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.
MEMBER SERVICES- 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.
STRENGTHFINDER/MAKE RHODE ISLAND STRONGER - 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.
NATIONAL LEADERSHIP NETWORK WAS ESTABLISHED TO CO-CREATE A NATIONWIDE NETWORK THAT CONNECTS COMMUNITY LEADERSHIP PROGRAMS AND THEIR 700,000+ ALUMNI IN A CITIZEN-LED MOVEMENT THAT ADDRESSES SOCIETAL PROBLEMS COLLABORATIVELY, CIVILLY AND POSITIVELY ACROSS GENERATIONAL, CULTURAL, GEOGRAPHICAL AND PARTISAN DIVISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ritz Executive Director | Officer | 40 | $121,512 |
Nicole Benjamin Chair | OfficerTrustee | 3 | $0 |
Sulina Mohanty Treasurer | OfficerTrustee | 1 | $0 |
Steve Duvel Vice Chair | OfficerTrustee | 2 | $0 |
Mitchell Edwards Secretary | OfficerTrustee | 2 | $0 |
Peter Rumsey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,974 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $661,439 |
| Total Program Service Revenue | $784,565 |
| Investment income | $11,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,980 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,268 |
| 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. | $121,512 |
| Compensation of current officers, directors, key employees. | $14,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,542 |
| Payroll taxes | $44,097 |
| Fees for services: Management | $0 |
| 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 | $6,925 |
| Advertising and promotion | $2,548 |
| Office expenses | $6,792 |
| Information technology | $41,280 |
| Royalties | $0 |
| Occupancy | $37,130 |
| Travel | $2,037 |
| 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 | $15,784 |
| Insurance | $4,823 |
| All other expenses | $94,624 |
| Total functional expenses | $1,127,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,450 |
| Savings and temporary cash investments | $516,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,781 |
| 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 | $5,952 |
| Net Land, buildings, and equipment | $30,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,005 |
| Other assets | $0 |
| Total assets | $1,360,097 |
| Accounts payable and accrued expenses | $59,894 |
| Grants payable | $0 |
| Deferred revenue | $292,250 |
| 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 | $352,144 |
| Net assets without donor restrictions | $812,650 |
| Net assets with donor restrictions | $195,303 |
| 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 | $1,360,097 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Leadership Rhode Island Educational Foundation has recieved totaling $36,580.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $16,811 |
June Rockwell Levy Foundation Incorporated Providence, RI PURPOSE: TUITION ASSISTANCE, CORE PROGRAM | $10,000 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $7,500 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $700 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $350 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Training And Assistance Center Inc Boston, MA | $3,090,991 | $2,699,211 |
School Of Leadership-Afghanistan Inc Boston, MA | $18,498,696 | $9,621,061 |
Root Cause Institute Inc Cambridge, MA | $1,560,820 | $1,770,100 |
Massachusetts Technology Leadership Council Inc Lexington, MA | $1,443,602 | $1,632,935 |
Leadership Rhode Island Educational Foundation Providence, RI | $1,360,097 | $1,459,268 |
Leadership Greater Hartford Inc Hartford, CT | $581,810 | $1,120,573 |
Five Frogs Inc Fairfield, CT | $413,547 | $579,821 |
Aurora Women And Girls Foundation Inc West Hartford, CT | $1,025,419 | $477,093 |
Innovation Underwriters Corporation Cambridge, MA | $106,200 | $333,401 |
New Bridges For Haitian Success Inc Providence, RI | $67,647 | $0 |
Massachusetts Womens Pol Caucus Leadership Dev Edu & Research Fnd Boston, MA | $111,840 | $162,995 |
Beacon Leadership Collaborative Inc Lexington, MA | $53,118 | $0 |