Skills For Rhode Islands Future
- Assets
- $1.9m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 317
- Location
- Providence, RI
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-2807502
Organization Overview
Skills For Rhode Islands Future is located in Providence, RI. The organization was established in 2017. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Skills For Rhode Islands Future employed 317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skills For Rhode Islands Future 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 06/2022, Skills For Rhode Islands Future generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $15.7m during the year ending 06/2022. While expenses have increased by 59.4% per year over the past 6 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 CREATE DEMAND-DRIVEN SOLUTIONS FOR EMPLOYERS TO GET UNEMPLOYED AND UNDEREMPLOYED RHODE ISLANDERS BACK TO WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLS FOR RHODE ISLAND'S FUTURE IS A WORKFORCE INTERMEDIARY THAT OFFERS JOB PLACEMENT AND JOB TRAINING SERVICES TO RI JOB SEEKERS WHO ARE UNEMPLOYED OR UNDEREMPLOYED AS PER THE DEFINITION OF THE UNITED STATES DEPARTMENT OF LABOR. AS PART OF OUR JOB PLACEMENT AND TRAINING SERVICES, SKILLS FOR RHODE ISLAND'S FUTURE PROVIDES JOB COACHING, RESUME BUILDING, INTERVIEW SKILLS AND JOB PLACEMENT MATCHING SERVICES. SKILLS FOR RHODE ISLAND'S FUTURE ALSO ACTS AS AN INTERMEDIARY BETWEEN JOB SEEKERS AND EMPLOYERS TO ENSURE THAT JOB SEEKERS ARE PROVIDED A FAIR AND EQUITABLE OPPORTUNITY TO GAIN EMPLOYMENT.
PREPARE RI INTERNSHIP PROGRAM IS A WORKBASED-LEARNING INTERNSHIP PROGRAM DESIGNED TO PROVIDE HIGH SCHOOL STUDENTS WITH REAL WORLD EXPERIENCE DURING THE SCHOOL YEAR AND OUT OF SCHOOL TIME (I.E., SUMMER VACATION).
TEMP STAFFING: FUNDED BY THE USDOL, SKILLSRI SERVES AS THE EMPLOYER OF RECORDS AND IS CONTRACTED TO PROVIDE UPTO 250 TEMPORARY WORKERS WHO ARE DEPLOYED TO HELP WITH THE RESPONSE AND RECOVERY EFFORTS OF THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Lackey Chairperson | OfficerTrustee | 2 | $0 |
Cindy M Erickson Vice President | OfficerTrustee | 2 | $0 |
Patricia Thompson Treasurer | OfficerTrustee | 2 | $0 |
Dennis Lassige Director (to 1/22) | Trustee | 1 | $0 |
Jason Whitham Director (to 1/22) | Trustee | 1 | $0 |
Ronald Arigo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,703,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,704,061 |
| Total Program Service Revenue | $40,077 |
| Investment income | $219 |
| 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 | $15,744,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $352,690 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,304,517 |
| Pension plan accruals and contributions | $114,660 |
| Other employee benefits | $448,958 |
| Payroll taxes | $469,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,897 |
| Advertising and promotion | $115,554 |
| Office expenses | $144,578 |
| Information technology | $287,240 |
| Royalties | $0 |
| Occupancy | $136,700 |
| Travel | $7,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,745 |
| Insurance | $42,649 |
| All other expenses | $0 |
| Total functional expenses | $15,717,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,160,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $305,207 |
| 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 | $21,269 |
| Net Land, buildings, and equipment | $422,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,910,054 |
| Accounts payable and accrued expenses | $130,444 |
| Grants payable | $0 |
| Deferred revenue | $897,544 |
| 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 | $1,027,988 |
| Net assets without donor restrictions | $882,066 |
| 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 | $1,910,054 |