Nonprofit · EIN 05-0506858
RHODE ISLAND URBAN BUSINESS INCUBATOR INC
Also known as URBAN VENTURES
Tax-exempt · PROVIDENCE, RI 02907
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $238,270 | $239,223 | -$953 | $89,069 | $57,424 | $31,645 |
| June 30, 2024 | 990-EZ | $154,197 | $146,711 | $7,486 | $105,447 | $72,849 | $32,598 |
| June 30, 2023 | 990-EZ | $141,049 | $144,072 | -$3,023 | $89,811 | $64,699 | $25,112 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $238,270
- of which government grants
- $233,424
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $77,419
- Other salaries and wages
- $75,296
- Salaries, compensation and benefits (total)
- $167,413
- Professional fundraising fees
- $0
- Occupancy
- $5,400
- Depreciation
- $422
- Program services (functional)
- $215,297
- Management and general (functional)
- $16,747
- Fundraising (functional)
- $7,179
Balance sheet and other
- Total assets, start of year
- $105,447
- Total assets, end of year
- $89,069
- Total liabilities, end of year
- $57,424
- Net assets, end of year
- $31,645
- Land, buildings and equipment
- $4,520
- Net assets without donor restrictions
- $31,645
- Gross receipts
- $238,270
- Employees
- 2
- Volunteers
- 10
- Year formed
- 1999
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ron Crosson | Executive Director Officer | 40 | $77,419 |
| Solange Lopes | President Trustee or director, Officer | 1 | $0 |
| Julious Kolawole | Vice President Trustee or director, Officer | 1 | $0 |
| Andrew Cagen | Scretary Trustee or director, Officer | 1 | $0 |
| Adam Diaz | Treasurer Trustee or director, Officer | 1 | $0 |
| Jaime Aguauyo | General member Trustee or director | 1 | $0 |
| Dr Chon Wongg | General member Trustee or director | 1 | $0 |
| JR Neville Songwe | General member Trustee or director | 1 | $0 |
| Dr Edward Mazze | General Member Trustee or director | 1 | $0 |
990-EZ for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ron Crosson | Executive Director | 40 | $63,690 |
| Solange Lopes | President | 1 | $0 |
| Julius Kolawole | Vice President | 1 | $0 |
| Andrew Cagen | Secretary | 1 | $0 |
| Adam Diaz | Treasurer | 1 | $0 |
| Jaime Aguayo | General member | 1 | $0 |
| Dr Edward Mazze | General Member | 1 | $0 |
| Dr Chon Wong | General Member | 1 | $0 |
990-EZ for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ron Crosson | Executive Director | 40 | $62,052 |
| Solange Lopes | President | 1 | $0 |
| Julius Kolawole | Vice President | 1 | $0 |
| Andrew Cagen | Secretary | 1 | $0 |
| Adam Diaz | Treasurer | 1 | $0 |
| Jaime Aguayo | General member | 1 | $0 |
| Dr Edward Mazze | General Member | 1 | $0 |
| Dr Chon Wong | General Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 807 BROAD ST RM 246, PROVIDENCE, RI 02907-1678
- In care of
- % J R NEVILLE
- Principal officer (990 for 2024)
- Ron Crosson, 807 Broad Street Rm 246, Providence, RI 02907
- Signed the 990
- Ron Crosson, Executive Director
- Phone
- (401) 780-8866
- Website
- WWW.URBANVENTURESRI.ORG
- Return prepared by
- ALSD LTD
Mission
To provide the general public and small businesses, with less than 50 employees, with business development assistance, through education, training and consultation.
Program accomplishments
- Urban Ventures Inc. provided micro-businesses with technical assistance and mentorship. Advocacy, and information to help them start up and or grow.Assists entrepreneurs and microbusinesses in developing their businesses through consultation, training and education, helping them through the different stages: to think deeply about their business ideas, to implement/ launch them, to achieve profitability, and to grow.We have provided technical assistance to 63 ventures, comprised of a diverse group. 73.8% of our clients were Women. (See Schedule O).36.5% of the ventures we have been working with are in the IDEA (Development) stage, 22.2% are in the LAUNCH stage. 11.1% are in the PROFITABILITY stage, where we are working with them on generating increased revenues and attaining & maintaining sustainable profit levels. 30.2% of the ventures we are continuing to assist are now in the GROWTH stage.The demographics of the clients that we have assisted during this period are as follows:51.2% of our clients were Hispanic; 37.5% African; 3.8% African American;3.8% Cape Verdean; 2.5% Caribbean (Not Hispanic); 1.3% Caucasian.61.9% of the businesses were Startups and 38.1% were Existing businesses representing a wide-range of industries which included: Child Day Care, Adult Day Care, Food Manufacturing, Mobile Food Services, Farming, Construction, Handyman Services, Pest Control, Independent Artist, Fashion Design, Life Coaching, Book Publishing, Public Relations, Accounting Services, Home Health Care, Group Home Services, Behavioral Health Services, Health Clinic Services, Non-medical Transportation, Residential & Commercial Cleaning Services, AI SaaS Venture.During this period: Job Growth: Businesses that we have assisted have reported new jobs created during this period. Revenue Growth: $16.7 Million in revenue growth was reported for this period.
- Expenses $215,297
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 05-0506858
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $89,069
- Income (IRS master file)
- $238,270
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $238,270 | $239,223 | $89,069 | IRS |
| 990-EZ | June 2024 | $154,197 | $146,711 | $105,447 | IRS |
| 990-EZ | June 2023 | $141,049 | $144,072 | $89,811 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0506858).
Questions about RHODE ISLAND URBAN BUSINESS INCUBATOR INC
- What is the EIN of RHODE ISLAND URBAN BUSINESS INCUBATOR INC?
- The employer identification number (EIN) of RHODE ISLAND URBAN BUSINESS INCUBATOR INC is 05-0506858.
- Is RHODE ISLAND URBAN BUSINESS INCUBATOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to RHODE ISLAND URBAN BUSINESS INCUBATOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RHODE ISLAND URBAN BUSINESS INCUBATOR INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RHODE ISLAND URBAN BUSINESS INCUBATOR INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RHODE ISLAND URBAN BUSINESS INCUBATOR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RHODE ISLAND URBAN BUSINESS INCUBATOR INC?
- The 990 for the year ended June 30, 2025 names Ron Crosson.
- Who are the officers and directors of RHODE ISLAND URBAN BUSINESS INCUBATOR INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $77,419 (Ron Crosson, Executive Director).
- How much revenue does RHODE ISLAND URBAN BUSINESS INCUBATOR INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $238,270, expenses of $239,223 and total assets of $89,069 at year end.
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All nonprofits in PROVIDENCE · Rhode Island · Community improvement and capacity building