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Nonprofit · EIN 47-1151685

RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC

Tax-exempt (reinstated) · PROVIDENCE, RI 02908

Financials

$240K$5K2023$149K$6K2024
Revenue Expenses · by fiscal year end
Financials of RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$148,697$5,827$142,870$1,328,779$659,680$669,099
December 31, 2023990$240,388$5,181$235,207$1,211,149$684,920$526,229
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$163,152
of which government grants
$163,152
Program service revenue
$0
Investment income
$0
Net rental income
-$14,455
Other revenue
-$14,455

Expenses

Grants and similar amounts paid
$5,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$750
Program services (functional)
$5,000
Management and general (functional)
$827

Balance sheet and other

Total assets, start of year
$1,211,149
Total assets, end of year
$1,328,779
Total liabilities, end of year
$659,680
Net assets, end of year
$669,099
Land, buildings and equipment
$1,172,855
Gross receipts
$186,460
Employees
0
Year formed
2014
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GREGORY BOWMANDIRECTOR
Trustee or director
2$0
LINDSEY BRICKLEDIRECTOR
Trustee or director
2$0
TORI CURRIERDIRECTOR
Trustee or director
2$0
HUETRAN DUONGDIRECTOR
Trustee or director
2$0
GRANT FALCONERBOARD CHAIR
Trustee or director
2$0
DAVID FERREIRADIRECTOR
Trustee or director
2$0
EDWIN GILBERTDIRECTOR
Trustee or director
2$0
SARA GILKENSONDIRECTOR
Trustee or director
2$0
KRISTEN HAFFENREFFERDIRECTOR
Trustee or director
2$0
MAKEBA HARDY-THOMASDIRECTOR
Trustee or director
2$0
ARNDRES MASONDIRECTOR
Trustee or director
2$0
SALLY MCDONALDDIRECTOR
Trustee or director
2$0
DARRELL MOOREDIRECTOR
Trustee or director
2$0
PEDRO NIMAJA MORALESDIRECTOR
Trustee or director
2$0
BJ MURRAYDIRECTOR
Trustee or director
2$0
4 more people on this return
NameTitleHours / weekCompensation
JUNIOR ORTEGADIRECTOR
Trustee or director
2$0
LISA RANGLINPRESIDENT
Trustee or director, Officer
20$0
TAMARA TARDYDIRECTOR
Trustee or director
2$0
AMY WALSHDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
LISA RANGLINPRESIDENT
Trustee or director
20$0
EVELYN MOORESECRETARY
Officer
10$0
GRANT FALCONERDIRECTOR
Officer
2$0
MARJORIE DELILLE CASSIONDIRECTOR
Officer
2$0
ISSENIEL RODRIGUEZDIRECTOR
Officer
2$0
DARRELL MOOREDIRECTOR
Officer
2$0

Address and contacts

Address (IRS master file)
220 SMITH ST, PROVIDENCE, RI 02908-4933
In care of
% LISA RANGLIN
Principal officer (990 for 2024)
LISA RANGLIN, 220 SMITH STREET, PROVIDENCE, RI 02908
Signed the 990
LISA RANGLIN, PRESIDENT
Phone
(401) 383-1179
Return prepared by
RONALD J AMIRAULT CPA LTD

Mission

RIBDI IS DEDICATED TO PROVIDING EDUCATION AND ACCESS TO OPPORTUNITIES TO INDIVIDUALS THROUGHOUT THEIR ACADEMIC AND CAREER JOURNEYS. RIBDI WORKS TOWARDS DEVELOPING PROGRAMS THAT EMPOWER INDIVIDUALS TO ADVANCE IN THE NEXT LEVEL OF THEIR ACADEMIC AND/OR PROFESSIONAL PURSUITS

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE SCHOLARSHIPS
    Expenses $5,000 · grants $5,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-1151685
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,328,779
Income (IRS master file)
$186,460

Revocation and reinstatement

Exemption revoked
November 15, 2016
Posted by the IRS
March 13, 2017
Reinstated
Effective November 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$148,697$5,827$1,328,779IRS
990December 2023$240,388$5,181$1,211,149XML
990December 2022$195,559$9,461$763,199IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 2017–––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 47-1151685).

Questions about RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC

What is the EIN of RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC?
The employer identification number (EIN) of RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC is 47-1151685.
Is RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective November 15, 2016.
Are donations to RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE 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 BUSINESS DEVELOPMENT INSTITUTE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC?
The 990 for the year ended December 31, 2024 names LISA RANGLIN.
Who are the officers and directors of RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC?
The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
How much revenue does RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $148,697, expenses of $5,827 and total assets of $1,328,779 at year end.

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