W B N A Inc
- Assets
- $1.0m
- Revenue
- $144.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Providence, RI
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 22-2600067
Organization Overview
W B N A Inc is located in Providence, RI. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, W B N A Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W B N A 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 12/2022, W B N A Inc generated $144.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $171.7k during the year ending 12/2022. While expenses have increased by 1.8% 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
TO PRESERVE AND PROTECT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION'S PROGRAMS AND INITIATIVES SUPPORTED AND PROMOTED THE NEIGHBORHOOD AS A SUSTAINABLE PLACE FOR OUR DIVERSE POPULATION TO SHOP, WORK, EAT, LIVE AND LEARN LOCALLY. WORKING WITH NEIGHBORS, BUSINESSES, ELECTED OFFICIALS AND OTHER LOCAL NONPROFITS, THESE INCLUDE COVID-19 VACCINATION AND FLU SHOT CLINICS, TREE-PLANTING AND COMMUNITY GARDENING, NEIGHBORHOOD CLEANUPS, A SOLAR LEASING PROGRAM, EVENTS TO ENCOURAGE CONNECTION AND DIALOGUE BETWEEN NEIGHBORS AND ELECTED OFFICIALS, ENGAGEMENT WITH LOCAL SCHOOLS, A NEW CHARGING STATION FOR ELECTRIC VEHICLES, AND CREATING SPACES FOR SMALL BUSINESSES TO THRIVE. PARTNERING WITH LOCAL ORGANIZATIONS, WE SUPPORTED WORK THAT SERVED THE MOST VULNERABLE MEMBERS OF OUR COMMUNITY. THROUGH OUR POPULAR LIVE LOCAL, GIVE LOCAL CAMPAIGN, WE CONTRIBUTED TANGIBLE ASSISTANCE IN THE FORM OF GROCERY GIFT CARDS TO FOOD INSECURE NEIGHBORS DURING NOVEMBER AND DECEMBER, AS WELL AS TOY GIFT CARDS AT CHRISTMAS. IN 2022 WE DISTRIBUTED 210 CARDS TO THREE LOCAL SCHOOLS AND TWO COMMUNITY CENTERS FOR FAMILIES IN NEED AND TO 10 INDIVIDUAL NEIGHBORS. THE ASSOCIATIONS'S TWO RENTAL PROPERTIES, AT 1192 AND 1577 WESTMINSTER STREET, RENTED AT BELOW MARKET VALUE, ARE EXAMPLES OF OUR MISSION TO KEEP LOW-INCOME FAMILIES IN THE NEIGHBORHOOD AND TO ENCOURAGE AND PROMOTE EMERGING SMALL BUSINESSES. OUR TENANTS INCLUDE A LOW-INCOME FAMILY, A NONPROFIT, AND TWO SMALL, MINORITY-OWNED BUSINESSES THAT ALSO BENEFIT FROM WBNA'S EXTENSIVE COMMUNICATIONS NETWORK AND CONNECTIONS TO LOCAL GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Atwood President | OfficerTrustee | 1 | $0 |
Jenica Reed Conley Treasurer | OfficerTrustee | 1 | $0 |
Alexandra Lancey Secretary | OfficerTrustee | 1 | $0 |
Noel Sanchez Vice President | OfficerTrustee | 1 | $0 |
Alozie Nwosu Vice President | OfficerTrustee | 1 | $0 |
Kayla Campbell Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,546 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,631 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,450 |
| Total Program Service Revenue | $21,210 |
| Investment income | $922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,295 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,300 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,827 |
| Compensation of current officers, directors, key employees. | $4,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,370 |
| Advertising and promotion | $10 |
| Office expenses | $5,072 |
| Information technology | $1,998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,352 |
| Insurance | $17,220 |
| All other expenses | $0 |
| Total functional expenses | $171,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,995 |
| Savings and temporary cash investments | $198,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,275 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $353,398 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $342 |
| Net Land, buildings, and equipment | $431,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,684 |
| Total assets | $1,019,775 |
| Accounts payable and accrued expenses | $4,257 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $187,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,200 |
| Total liabilities | $197,456 |
| Net assets without donor restrictions | $822,319 |
| 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 | $1,019,775 |