Rhode Island Commodores
- Assets
- $82.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 22-3265029
Organization Overview
Rhode Island Commodores is located in Providence, RI. The organization was established in 1994. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Commodores 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 12/2022, Rhode Island Commodores generated $58.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE ECONOMIC DEVELOPMENT AND TOURISM IN THE STATE OF RHODE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Duffy Admiral | 2 | $0 | |
Elizabeth Tanner Vice Admiral | 1 | $0 | |
David C Depetrillo Flag Secretary | 1 | $25,000 | |
Barbara Cottam Governor | 1 | $0 | |
Trudy Coxe Governor | 1 | $0 | |
Donna C Cupelo Governor | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,885 |
| Membership dues | $50,400 |
| Investment income | $39 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,324 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,000 |
| Professional fees and other payments to independent contractors | $3,953 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,516 |
| Total expenses | $70,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,541 |
| Other assets | $0 |
| Total assets | $82,541 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,541 |