Overview
What is Risd Holdings Inc?
Risd Holdings Inc is a nonprofit organization based in Providence, Rhode Island, positioned near the Rhode Island School of Design (RISD) campus. Their primary mission is to manage various properties and generate rental income from these properties. The income collected, after deducting expenses, is then transferred to RISD to support its educational mission. Risd Holdings Inc plays a crucial role in aiding RISD in fulfilling its educational objectives.
Official website here: www.risd.edu
Is Risd Holdings Inc legitimate?
Risd Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Risd Holdings 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.risd.edu
What is the mission statement of Risd Holdings Inc?
Risd Holdings Inc's primary mission is to support the educational mission of the Rhode Island School of Design (RISD). They accomplish this by holding title to various properties and collecting rental income from these properties. The income generated is then passed on to RISD, after deducting expenses, to aid in the fulfillment of its educational objectives. By carrying out this function, Risd Holdings Inc plays a crucial role in contributing to RISD's educational endeavors.
Official website here: www.risd.edu
Who is the CEO of Risd Holdings Inc?
Crystal Williams is the President (As Of 4/1/22) of Risd Holdings Inc.
Official website here: www.risd.edu
What is the revenue of Risd Holdings Inc?
Risd Holdings Inc's revenue in 2022 was $1,193,029.
Official website here: www.risd.edu
Who are the executives of Risd Holdings Inc and what are their salaries?
There 3 volunteers at Risd Holdings Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $354,855
- Other: $56,796
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $50,000
- Other: $0
Official website here: www.risd.edu
Where can I find the form 990 for Risd Holdings Inc?
Risd Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.risd.edu
Learn more at the official website: www.risd.edu
Mission Statement of Risd Holdings Inc
Risd Holdings Inc, a nonprofit organization, is primarily dedicated to holding the title to various properties and collecting rental income from these properties. The primary objective of Risd Holdings Inc is to generate income by managing properties, with the ultimate goal of providing this income, minus expenses, to the Rhode Island School of Design (RISD). This financial contribution is instrumental in supporting RISD's educational mission. By performing this role, Risd Holdings Inc plays a crucial part in facilitating RISD's educational activities, thereby contributing to the broader academic community.
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Impact
October, 2024
Risd Holdings Inc significantly contributes to the Rhode Island School of Design (RISD) by managing various properties that generate rental income. This income is essential, as it directly supports RISD's educational mission, allowing the institution to enhance its programs and services. By efficiently holding and overseeing real estate assets in Providence, adjacent to the RISD campus, Risd Holdings ensures a consistent revenue stream. This financial support plays a crucial role in facilitating educational innovations, student resources, and community engagement initiatives, ultimately bolstering RISD's presence and impact in the local and broader artistic communities.
This information is meant to be a general summary of Risd Holdings 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 2022.
- Program Service Revenue: $1,193,029
- Gross Receipts: $1,193,029
Assets and Liabilities:
- Total Assets: $7,102,518
- Total Liabilities: $7,389,826
- Net Assets: -$287,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,193,029
Organization Details
Founding Year
1999
Phone
(401) 454-6649Principal Officer
Crystal Williams
Main Address
20 WASHINGTON PLACE, PROVIDENCE, RI, 02903
Website
www.risd.eduNTEE Category
Code: S470 - Community improvement
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