Aids Care Ocean State Inc
- Assets
- $6.1m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 84
- Location
- Providence, RI
- Founding
- 03/1989
- Data as of
- 08/2021
- EIN
- 22-2929749
Organization Overview
Aids Care Ocean State Inc is located in Providence, RI. The organization was established in 1989. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2021, Aids Care Ocean State Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aids Care Ocean State Inc 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 08/2021, Aids Care Ocean State Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $4.8m during the year ending 08/2021. While expenses have increased by 6.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT SERVICES FOR INDIVIDUALS AND FAMILIES WITH AIDS RELATED PROBLEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPREHENSIVE CARE FOR AIDS AFFECTED ADULTS, CHILDREN AND THEIR FAMILIES THROUGH RESIDENTIAL CARE, HOME BASED NURSING, SOCIAL SERVICES, EDUCATION AND PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Mercure Executive Director | Officer | 40 | $93,765 |
Charles Lynch Finance Director | Officer | 40 | $71,700 |
Marlene Leroy Development Director | Officer | 40 | $57,926 |
Roland Diorio Interim Co-Ed | Officer | 20 | $17,780 |
Joe Reddish Chair | OfficerTrustee | 1 | $0 |
Matthew Adams Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,287,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,318,906 |
| Total Program Service Revenue | $893,825 |
| Investment income | $736 |
| 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 | $5,222,560 |
| 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. | $241,171 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,602,832 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $233,840 |
| Payroll taxes | $170,383 |
| 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 | $0 |
| Advertising and promotion | $17,556 |
| Office expenses | $51,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,390,631 |
| Travel | $49,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,214 |
| Interest | $15,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,777 |
| Insurance | $99,722 |
| All other expenses | $216,024 |
| Total functional expenses | $4,830,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,575,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,283,528 |
| Accounts receivable, net | $435,065 |
| 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 | $40,197 |
| Net Land, buildings, and equipment | $2,713,613 |
| Investments—publicly traded securities | $15,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,829 |
| Total assets | $6,103,611 |
| Accounts payable and accrued expenses | $239,860 |
| Grants payable | $0 |
| Deferred revenue | $37,751 |
| 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 | $353,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $631,094 |
| Net assets without donor restrictions | $4,119,985 |
| Net assets with donor restrictions | $1,352,532 |
| 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 | $6,103,611 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Aids Care Ocean State Inc has recieved totaling $22,003.
| Awarding Organization | Amount |
|---|---|
Fb Hazard General Charity Fund Dallas, TX PURPOSE: CLIENT BASED EMERGENCY FIN. | $15,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: ENCORE NEEDLE-EXCHANGE PROGRAM; GENERAL SUPPORT | $6,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $227 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $22 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $4 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advancing Connecticut Together Inc Hartford, CT | $3,122,975 | $11,859,189 |
Leeway Inc New Haven, CT | $9,794,626 | $8,497,592 |
Health Care Advocates International Inc Stratford, CT | $3,474,224 | $8,108,967 |
Aids Support Group Of Cape Cod Inc Provincetown, MA | $2,646,303 | $6,573,173 |
Aids Action Committee Of Massachusetts Inc Boston, MA | $6,188,233 | $8,294,803 |
Aids Care Ocean State Inc Providence, RI | $6,103,611 | $5,222,560 |
Apex Community Care Inc Danbury Ct, CT | $2,993,382 | $2,732,897 |
Apnh A Place To Nourish Your Health New Haven, CT | $1,122,522 | $2,951,153 |
Mid Fairfield Aids Project Inc Norwalk, CT | $2,463,909 | $2,338,728 |
Helping Hands Simian Aides For The Disabled Inc Boston, MA | $5,984,495 | $1,111,135 |
Latino Community Services Inc Hartford, CT | $155,692 | $833,849 |
North Shore Health Project Inc Gloucester, MA | $359,479 | $599,431 |