Rhode Island Center For Freedom And Prosperity
- Assets
- $427.3k
- Revenue
- $244.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Cranston, RI
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-2805369
Organization Overview
Rhode Island Center For Freedom And Prosperity is located in Cranston, RI. The organization was established in 2012. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Rhode Island Center For Freedom And Prosperity employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Center For Freedom And Prosperity 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, Rhode Island Center For Freedom And Prosperity generated $244.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $191.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 4 years. 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
THE CENTER IS A PUBLIC THINK TANK THAT LOCATES, INVESTIGATES AND PUBLICIZES CULTURAL, ECONOMIC, LEGAL AND PUBLIC POLICY ISSUES HAVING THE POTENTIAL TO SIGNIFICANTLY IMPACT THE CITIZENS OF RHODE ISLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION - IN THIS REPORTING PERIOD THE CENTER SHIFTED FULLY TO A NEW MEDIA APPROACH. IT CONTINUED AND EXPANDED THE ONLINE VIDEO WEBCAST ( FIVE DAYSA WEEK) TITLED IN THE DUGOUT; HOSTEDBY THE EXECUTIVE DIRECTOR, STAFFAND OTHER GUEST HOSTS. OVER 150 EPISODES WERE BROADCAST, REACHING AN AUDIENCE OF OVER 260,000 VIEWERS. TOPICS OF PARTICULAR VIEWER INTEREST IN THIS PERIOD INCLUDED SEGMENTS ON CITIZENS CONCERN ON EDUCATIONAL CURRICULA AND/OR PARENTAL RIGHTS; AND CONTENT ABOUT PANDEMIC RELATED CONSTITUTION-BASED LAWSUITS. THE CENTER ALSO EXPENDED PRODUCTION OF ONLINE CONTENT IN THE OCEAN STATE CURRENT WEBSITE. OVER 300 STORIES WERE POSTED AND VIEWERSHIP EXCEEDED 200,000. ALSO, THE EXECUTIVE DIRECTOR WROTE FOUR OPINION PIECES FOR THE PROVIDENCE JOURNAL AND MADE OVER A DOZEN APPEARENCES ON OTHER CABLE TV AND RADIO SHOWS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Stenhouse Executive Director | Officer | 40 | $86,500 |
Tina Mckendall Trustee | Trustee | 1 | $0 |
Jim Lynch Trustee | Trustee | 1 | $0 |
Joseph L Orlando Trustee | Trustee | 1 | $0 |
Thomas Sweeney Trustee | Trustee | 1 | $0 |
Mike Riley Trustee | 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 | $244,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,492 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $244,737 |
| 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. | $86,500 |
| Compensation of current officers, directors, key employees. | $12,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| 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 | $2,152 |
| Advertising and promotion | $32,769 |
| Office expenses | $5,997 |
| Information technology | $4,224 |
| Royalties | $0 |
| Occupancy | $2,110 |
| Travel | $1,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $522 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,244 |
| All other expenses | $0 |
| Total functional expenses | $191,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $241,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $427,318 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $137,000 |
| Other liabilities | $8,749 |
| Total liabilities | $145,749 |
| Net assets without donor restrictions | $281,569 |
| 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 | $427,318 |
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