Friends Of Rhode Island Avenue Ne
- Assets
- $185.3k
- Revenue
- $704.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 02/2014
- Data as of
- 09/2023
- EIN
- 46-0716370
Organization Overview
Friends Of Rhode Island Avenue Ne is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Friends Of Rhode Island Avenue NE employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Rhode Island Avenue NE 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 09/2023, Friends Of Rhode Island Avenue NE generated $704.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $691.5k during the year ending 09/2023. While expenses have increased by 3.3% per year over the past 7 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.
Since 2023, Friends Of Rhode Island Avenue NE has awarded 20 individual grants totaling $129,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REVITALIZING RHODE ISLAND AVE NE BETWEEN 3RD STREET NE AND EASTERN AVENUE. IMPROVING COMMERCIAL PROPERTIES AND STREETSCAPES, PROMOTING LOCAL BUSINESSES THROUGH SPECIAL EVENTS AND FESTIVALS. CREATING NEW JOBS AND ATTRACTING NEW LOCALLY- OWNED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DC DEPARTMENT OF SMALL AND LOCAL BUSINESS DEVELOPMENT - MAIN STREET GRANTPROVIDED SMALL BUSINESS TECHNICAL ASSISTANCE, FACADE IMPROVEMENT, PROMOTIONAL EVENTS SUCH AS FESTIVALS AND RIBBON CUTTINGS. SUPPORTED AND ENCOURAGED THE GROWTH OF SMALL BUSINESSES THROUGHOUT THE SERVICE AREA OF RIA MAIN STREET. CONDUCTED ASSESSMENTS OF BUSINESS NEEDS, AS WELL AS CORRIDOR MARKET ANALYSIS IN ORDER TO ATTRACT NEW BUSINESSES TO THE CORRIDOR. DC DEPARTMENT OF SMALL AND LOCAL BUSINESS DEVELOPMENT - CLEAN TEAM GRANTCLEAN TEAM SERVICES TO RHODE ISLAND AVENUE NE CORRIDOR, REMOVING TRASH AND GRAFFITI WHILE CONTRACTING WITH A COMPANY THAT EMPLOYS AND TRAINS RETURNING CITIZENS. DC DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENTPROVIDED SMALL BUSINESS TECHNICAL ASSISTANCE AND FACADE IMPROVEMENT FOR SMALL BUSINESSES ALONG THE RHODE ISLAND AVENUE NE MAIN STREET CORRIDOR. DC WATER PROVIDES CASH DISBURSEMENTS TO 4TH STREET NE AREA BUSINESSES THAT HAVE BEEN IMPACTED BY THE NEBT PROJECT, TO HELP THEM OFFSET ANY DISTURBANCES TO THE BUSINESSES FROM THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michaela Blanchard Executive Director | OfficerTrustee | 40 | $115,250 |
Jack Sterne Vice Chair | Trustee | 1 | $0 |
John Dagget Director | Trustee | 1 | $0 |
Malik Edwards Director | Trustee | 1 | $0 |
Chloe Fedyna Director | Trustee | 1 | $0 |
Carlos Davis Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $658,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,909 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $203,900 |
| 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. | $115,250 |
| Compensation of current officers, directors, key employees. | $5,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,000 |
| Payroll taxes | $6,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,899 |
| Advertising and promotion | $3,703 |
| Office expenses | $6,039 |
| Information technology | $13,516 |
| Royalties | $0 |
| Occupancy | $18,911 |
| Travel | $2,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,804 |
| All other expenses | $469 |
| Total functional expenses | $691,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,744 |
| Accounts receivable, net | $76,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,901 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $185,266 |
| Accounts payable and accrued expenses | $18,023 |
| 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 | $16,700 |
| Other liabilities | $0 |
| Total liabilities | $34,723 |
| Net assets without donor restrictions | $150,543 |
| Net assets with donor restrictions | $0 |
| 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 | $185,266 |
Grants Awarded
Over the last fiscal year, Friends Of Rhode Island Avenue Ne has awarded $129,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
METROBAR PURPOSE: Small Business Assistance Grant FY23 | $5,500 |
GP AUTO SERVICES PURPOSE: Small Business Assistance Grant FY23 | $16,500 |
SABBY LLC - HUACATAY RESTAURANT PURPOSE: Small Business Assistance Grant FY23 | $5,500 |
TWISTITSISTA NATURAL HAIR STUDIO PURPOSE: Small Business Assistance Grant FY23 | $11,000 |
AURORA MARKET PURPOSE: Small Business Assistance Grant FY23 | $5,000 |
GLOBAL PRINT MASTER PURPOSE: Small Business Assistance Grant FY23 | $10,000 |