Hope & Main Providence
- Assets
- $2.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Providence, RI
- Founding
- Data as of
- 09/2023
- EIN
- 92-0968276
Organization Overview
Hope & Main Providence is located in Providence, RI. Hope & Main Providence is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SHARED USE KITCHENS, TECHNICAL AND BUSINESS ASSISTANCE, ACCESS TO MARKETS AND CONNECTIONS TO CAPITAL TO ASSIST ENTREPRENEURS FROM ALL MEANS AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SHARED USE KITCHENS, TECHNICAL AND BUSINESS ASSISTANCE, ACCESS TO MARKETS AND CONNECTIONS TO CAPITAL TO ASSIST ENTREPRENEURS FROM ALL MEANS AND BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Bromberg Director | Trustee | 1 | $0 |
Sanjiv Dhar Director | Trustee | 1 | $0 |
Juan Wilson Jr Director | Trustee | 1 | $0 |
Doris DE Los Santos Director | Trustee | 1 | $0 |
Neil Veloso Director | Trustee | 1 | $0 |
Luca Carnevale Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $868,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,709 |
| Total Program Service Revenue | $316,845 |
| 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 | $1,253,630 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,298 |
| Fees for services: Management | $3,329 |
| Fees for services: Legal | $4,900 |
| Fees for services: Accounting | $18,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310 |
| Advertising and promotion | $33,401 |
| Office expenses | $1,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,336 |
| Travel | $0 |
| 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 | $3,395 |
| Insurance | $50,526 |
| All other expenses | $38,620 |
| Total functional expenses | $721,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,769 |
| Prepaid expenses and deferred charges | $2,279 |
| Net Land, buildings, and equipment | $2,509,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,420 |
| Total assets | $2,767,528 |
| Accounts payable and accrued expenses | $28,164 |
| 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 | $2,207,720 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,235,884 |
| Net assets without donor restrictions | $531,644 |
| 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 | $2,767,528 |