Rhode Island Manufacturing Institute

Organization Overview

Rhode Island Manufacturing Institute, operating under the name We Make Ri, is located in Cranston, RI. The organization was established in 2005. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 07/2022, We Make RI employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Make RI 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 07/2022, We Make RI generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $878.9k during the year ending 07/2022. While expenses have increased by 42.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE BUSINESS AND EDUCATIONAL SERVICES TO BUSINESS ENTITIES AND INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES MANUFACTURING BUSINESSES WITH EDUCATIONAL RESOURCES FOR THEIR EMPLOYEES AT THE LOWEST POSSIBLE COST. RESOURCES PROVIDED INCLUDED: JOB PLACEMENT; TRAINING; SKILL CERTIFICATIONS; AND CUSTOMIZED CURRICULUM DEVELOPMENT.THE WE MAKE RI MANUFACTURING ACCELERATOR PROGRAM IS GEARED TOWARDS SMALL PRODUCT DEVELOPERS WHO ARE LOOKING TO TAKE THEIR IDEA TO THE NEXT LEVEL AND BECOME FULL-TIME ENTREPRENEURS. ACCELERATOR PARTNERS ARE PAIRED WITH MENTORS FROM THE RHODE ISLAND MANUFACTURERS ASSOCIATION, RI SOCIETY OF CPA'S, THE BUSINESS DEVELOPMENT COMPANY, AND WE MAKE RI. MENTORS GUIDE THE ACCELERATOR PARTNERS THROUGH THE STEPS AND REQUIREMENTS TO GROW THEIR BUSINESS WITH THE GOAL OF BEING FULLY SELF-EMPLOYED WITHIN 36 MONTHS WITH ANOTHER FULL-TIME EMPLOYEE. MANUFACTURERS IN THE ACCELERATOR PROGRAM ALSO GET PREMIER ACCESS TO WE MAKE RL'S MANUFACTURING SERVICES LIKE ASSEMBLY, WAREHOUSING, SHIPPING, AND PACKING FOR A REDUCED FEE. SPONSORED BY THE RI DEPARTMENT OF COMMERCE.


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Board, Officers & Key Employees

Name (title)Compensation
Barbara Jackson
Executive Director
$112,007
David Chenevert
Board Chair
$0
Anthony Mangiarelli
Treasurer
$0
Andrew Prescott
Member
$0
Dylan Zelazo
Member
$0
Steven Burch
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $84,400
All other contributions, gifts, grants, and similar amounts not included above$913,954
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$998,354
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 $64,829
Miscellaneous Revenue$0
Total Revenue $1,092,808

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Rhode Island Manufacturing Institute has recieved totaling $60,290.

Awarding OrganizationAmount
Building Futures

Providence, RI

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$60,290
View Grant Recipient Profile

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