Aids Care Ocean State Inc
- Assets
- $7.1m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 62
- Location
- Providence, RI
- Founding
- 03/1989
- Data as of
- 08/2023
- EIN
- 22-2929749
Organization Overview
Aids Care Ocean State Inc is located in Providence, RI. The organization was established in 1989. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2023, Aids Care Ocean State Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aids Care Ocean State 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 08/2023, Aids Care Ocean State Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.6m during the year ending 08/2023. While expenses have increased by 6.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT SERVICES FOR INDIVIDUALS AND FAMILIES WITH AIDS RELATED PROBLEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPREHENSIVE CARE FOR AIDS AFFECTED ADULTS, CHILDREN AND THEIR FAMILIES THROUGH RESIDENTIAL CARE, HOME BASED NURSING, SOCIAL SERVICES, EDUCATION AND PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Reddish Chair | OfficerTrustee | 1 | $0 |
David Robert Vice Chair | OfficerTrustee | 1 | $0 |
Rev Raymond Malm Secretary | OfficerTrustee | 1 | $0 |
Matthew Adams Treasurer | OfficerTrustee | 1 | $0 |
Marc Gauthier Member | Trustee | 1 | $0 |
Jay Jones Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,923,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,015,938 |
| Total Program Service Revenue | $939,755 |
| Investment income | $6,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,604 |
| Net Income from Gaming Activities | $61,112 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,137,611 |
| 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. | $161,302 |
| Compensation of current officers, directors, key employees. | $13,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,587,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,577 |
| Payroll taxes | $156,352 |
| 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 | $0 |
| Advertising and promotion | $2,523 |
| Office expenses | $94,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,891,785 |
| Travel | $63,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,945 |
| Interest | $14,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,935 |
| Insurance | $128,990 |
| All other expenses | $423,607 |
| Total functional expenses | $5,591,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,928,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,592,421 |
| Accounts receivable, net | $593,569 |
| 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 | $207,532 |
| Net Land, buildings, and equipment | $2,773,847 |
| Investments—publicly traded securities | $17,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,314 |
| Total assets | $7,140,427 |
| Accounts payable and accrued expenses | $391,756 |
| Grants payable | $0 |
| Deferred revenue | $15,833 |
| 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 | $316,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $724,091 |
| Net assets without donor restrictions | $5,289,821 |
| Net assets with donor restrictions | $1,126,515 |
| 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 | $7,140,427 |