Overview
What is Economic Development Foundation Of Rhode Island Inc?
The Economic Development Foundation of Rhode Island Inc is a nonprofit organization established with a mission to stimulate growth within the state. Located in Cumberland, Rhode Island, this organization specializes in developing and selling real estate. Their primary objective is to boost the local tax base and create high-quality job opportunities in Rhode Island, thereby contributing to the overall economic development of the area. With a small team of two dedicated individuals, they are committed to making a significant impact in their community.
Official website here: www.edf-ri.com
Is Economic Development Foundation Of Rhode Island Inc legitimate?
Economic Development Foundation Of Rhode Island Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Economic Development Foundation Of Rhode Island Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $323,221
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Official website here: www.edf-ri.com
What is the mission statement of Economic Development Foundation Of Rhode Island Inc?
The Economic Development Foundation of Rhode Island Inc. has a mission to promote local economic growth by developing and selling real estate. This initiative aims to expand the local tax base and create high-quality job opportunities within the state. By engaging in real estate development, the foundation contributes to the overall economic prosperity of Rhode Island.
Official website here: www.edf-ri.com
What is the revenue of Economic Development Foundation Of Rhode Island Inc?
Economic Development Foundation Of Rhode Island Inc's revenue in 2024 was $297,884.
Official website here: www.edf-ri.com
Who are the executives of Economic Development Foundation Of Rhode Island Inc and what are their salaries?
The average compensation at Economic Development Foundation Of Rhode Island Inc during 2024 was $161,610. There are 2 employees at Economic Development Foundation Of Rhode Island Inc.
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Official website here: www.edf-ri.com
Where can I find the form 990 for Economic Development Foundation Of Rhode Island Inc?
Economic Development Foundation Of Rhode Island Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.edf-ri.com
Learn more at the official website: www.edf-ri.com
Mission Statement of Economic Development Foundation Of Rhode Island Inc
The Economic Development Foundation of Rhode Island Inc is dedicated to a mission that involves developing and selling real estate with the primary goal of expanding the local tax base and creating high-quality job opportunities within the state of Rhode Island. By engaging in this activity, the foundation aims to contribute to the economic growth and development of the region, ultimately benefiting its residents and businesses.
In essence, the Economic Development Foundation of Rhode Island Inc serves as a catalyst for local economic progress by strategically investing in real estate projects. These initiatives not only generate revenue through property sales but also attract new businesses and industries to the area, thereby boosting the local tax base and creating job opportunities for the community. By facilitating the expansion of the local economy, the foundation plays a crucial role in improving the overall living standards and prospects for future generations in Rhode Island.
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Impact
October, 2024
The Economic Development Foundation of Rhode Island Inc. focuses on enhancing the local economy by developing and selling real estate. By facilitating the expansion of the local tax base, the organization plays a crucial role in creating quality job opportunities throughout the state. This emphasis on real estate development not only improves infrastructure but also contributes to community enhancement, ultimately fostering a more vibrant and sustainable economic environment in Rhode Island. The foundation's impact is evident in its commitment to driving growth, improving living standards, and supporting local businesses, which together strengthen the overall economic landscape of the region.
This information is meant to be a general summary of Economic Development Foundation Of Rhode Island Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $3,810
- Program Service Revenue: $43,000
- Gross Receipts: $297,884
Assets and Liabilities:
- Total Assets: $4,740,774
- Total Liabilities: $147,289
- Net Assets: $4,593,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$43,000
Organization Details
Founding Year
1968
Principal Officer
Scott Gibbs
Website
www.edf-ri.comNTEE Category
Code: S30 - Community improvement
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