Rhode Island Builders Association
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- East Providence, RI
- Founding
- 07/1951
- Data as of
- 12/2021
- EIN
- 05-0254618
Organization Overview
Rhode Island Builders Association is located in East Providence, RI. The organization was established in 1951. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Rhode Island Builders Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Builders Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Rhode Island Builders Association generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OPERATION OF A TRADE ASSOCIATION TO SUPPORT THE BUILDING INDUSTRY IN RI BY PROMOTING THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGAZINE - THE MONTHLY MAGAZINE SERVES THE PROFESSIONAL DEVELOPMENT OF OUR MEMBERS AND THE INFORMATIONAL NEEDS OF THE GENERAL PUBLIC.
HOME SHOW - THE HOME SHOW EDUCATES THE PUBLIC ON NEW TRENDS, MATERIALS, AND SERVICES IN THE HOME CONSTRUCTION INDUSTRY.
HEALTH INSURANCE - THE HEALTH INSURANCE PROGRAM PROVIDES AFFORDABLE HEALTH CARE COVERAGE FOR THE MEMBERSHIP THROUGH OUR GROUP PURCHASE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Marcantonio Executive Director | Officer | 40 | $217,494 |
Jason Daponte Treasurer | OfficerTrustee | 1 | $0 |
Carol O'donnell President | OfficerTrustee | 1 | $0 |
Kenneth S Coury Director | Trustee | 0.5 | $0 |
Carla Destefano Director | Trustee | 0.5 | $0 |
Michael C Artesani Jr Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $592,889 |
| 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 | $592,889 |
| Total Program Service Revenue | $895,593 |
| Investment income | $69,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,454 |
| Net Gain/Loss on Asset Sales | $18,481 |
| Net Income from Fundraising Events | $72,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,653,653 |
| 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. | $236,614 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,046 |
| Pension plan accruals and contributions | $17,246 |
| Other employee benefits | $16,103 |
| Payroll taxes | $33,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,600 |
| Fees for services: Accounting | $76,879 |
| Fees for services: Lobbying | $28,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,304 |
| Fees for services: Other | $25,550 |
| Advertising and promotion | $182,940 |
| Office expenses | $111,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,464 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,013 |
| Insurance | $13,708 |
| All other expenses | $445,482 |
| Total functional expenses | $1,542,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,029 |
| Savings and temporary cash investments | $1,054,182 |
| Pledges and grants receivable | $41,952 |
| Accounts receivable, net | $31,806 |
| 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 | $171,377 |
| Net Land, buildings, and equipment | $213,365 |
| Investments—publicly traded securities | $840,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $464,022 |
| Total assets | $2,877,462 |
| Accounts payable and accrued expenses | $152,740 |
| Grants payable | $0 |
| Deferred revenue | $766,767 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,083 |
| Total liabilities | $1,262,590 |
| Net assets without donor restrictions | $1,614,247 |
| Net assets with donor restrictions | $625 |
| 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 | $2,877,462 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rhode Island Builders Association has recieved totaling $7,964.
| Awarding Organization | Amount |
|---|---|
Navigant Credit Union Smithfield, RI PURPOSE: CHARITABLE CONTRIBUTIONS | $7,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Compliance Professionals Inc Cornwall Bridge, CT | $2,936,925 | $1,726,749 |
Mechanical Contractors Association Of Connecticut Industry Fund Southington, CT | $3,078,310 | $1,328,354 |
Rhode Island Builders Association East Providence, RI | $2,877,462 | $1,653,653 |
Massachusetts Package Stores Assn Inc Westborough, MA | $145,232 | $927,924 |
United Association Of Journeymen & Apprentices Of Plumbing & Pipe West Boylston, MA | $3,096,398 | $1,183,683 |
New England Mechanical Contractors Assn Inc Quincy, MA | $393,884 | $1,016,147 |
Plumbing-Heating-Cooling Contractors Of Massachusetts Inc Braintree, MA | $1,573,052 | $979,809 |
Greater Boston Plumbing Contractors Association Inc Braintree, MA | $421,923 | $613,515 |
R I Society Of Certified Public Accountants Cranston, RI | $518,028 | $837,468 |
The Builders & Remodelers Assoc Of Great Boston Inc Bragb Canton, MA | $383,457 | $553,290 |
Ibm Club - Massachusetts Burlington, MA | $0 | $0 |
Mechanical Contractors Association Of Connecticut Inc Southington, CT | $1,174,723 | $622,810 |