Rhode Island Bar Association
- Assets
- $7.3m
- Revenue
- $2.6m
- Investments
- $5.3m
- Employees
- 13
- Location
- Cranston, RI
- Founding
- 08/1966
- Data as of
- 06/2023
- EIN
- 05-0282404
Organization Overview
Rhode Island Bar Association is located in Cranston, RI. The organization was established in 1966. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, Rhode Island Bar Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Bar 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 06/2023, Rhode Island Bar Association generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE ASSOCIATION AND PROVIDE SERVICES TO MEMBERS AND THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING EDUCATION PROGRAM
ALL OTHER PROGRAMS
VOLUNTEER LAWYER PROGRAM
LAWYER REFERRAL SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick A Guida ESQ Secretary | Officer | 0 | $0 |
Mark B Morse ESQ President | Officer | 0 | $0 |
Nicole J Benjamin ESQ President-Elect | Officer | 0 | $0 |
Christopher S Gontarz ESQ Treasurer | Officer | 0 | $0 |
Kathleen Bridge Executive Director | Officer | 40 | $124,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $234,631 |
| 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 | $234,631 |
| Total Program Service Revenue | $2,023,877 |
| Investment income | $171,862 |
| 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 | $2,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,583,515 |
| 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 | $804,971 |
| Pension plan accruals and contributions | $81,293 |
| Other employee benefits | $167,500 |
| Payroll taxes | $65,414 |
| 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 | $46,110 |
| Advertising and promotion | $0 |
| Office expenses | $61,527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,925 |
| Travel | $37,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,284 |
| Insurance | $16,041 |
| All other expenses | $176,650 |
| Total functional expenses | $2,214,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,424,292 |
| Savings and temporary cash investments | $60,857 |
| Pledges and grants receivable | $64,075 |
| Accounts receivable, net | $14,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,678 |
| Prepaid expenses and deferred charges | $16,921 |
| Net Land, buildings, and equipment | $90,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,348,395 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $322,557 |
| Total assets | $7,345,313 |
| Accounts payable and accrued expenses | $135,863 |
| 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 | $0 |
| Other liabilities | $311,663 |
| Total liabilities | $447,526 |
| Net assets without donor restrictions | $3,678,588 |
| Net assets with donor restrictions | $3,219,199 |
| 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 | $7,345,313 |