Overview
What is Block Island Economic Development Foundation Inc?
Block Island Economic Development Foundation Inc, based in Block Island, Rhode Island, is a nonprofit organization dedicated to enhancing the economic and social well-being of the local community. They accomplish this mission through various initiatives. The Foundation manages a community center that offers child care and senior activities, catering to various age groups within the community. Furthermore, they operate an art gallery, showcasing and promoting the work of local artists. This gallery serves as a platform for artists to learn, develop, and sell their work. Additionally, Block Island Economic Development Foundation Inc provides residential units for rent to the community's residents, contributing to their housing needs.
Is Block Island Economic Development Foundation Inc legitimate?
Block Island Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Block Island Economic Development Foundation 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.
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Other Salaries and Wages: $9,493
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What is the mission statement of Block Island Economic Development Foundation Inc?
The Block Island Economic Development Foundation Inc's mission is centered around enhancing the economic and social well-being of its community members. To accomplish this, the foundation has constructed and manages a community center that offers child care and senior activities. Additionally, it operates an art gallery for local artists to showcase and sell their work. Furthermore, the foundation provides residential units for rent to residents, aiming to address housing needs.
Who is the CEO of Block Island Economic Development Foundation Inc?
Gerard Pierce is the Director of Block Island Economic Development Foundation Inc.
What is the revenue of Block Island Economic Development Foundation Inc?
Block Island Economic Development Foundation Inc's revenue in 2022 was $868.
Who are the executives of Block Island Economic Development Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Block Island Economic Development Foundation Inc?
Block Island Economic Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Block Island Economic Development Foundation Inc
The Block Island Economic Development Foundation Inc, abbreviated as BIED, is committed to enhancing the economic and social well-being of Block Island's residents. Achieving this mission, BIED has constructed and manages a community center that caters to various age groups, offering child care services and activities for seniors. Furthermore, BIED operates a gallery, the Spring Street Gallery, which serves as a platform for local artists to learn, develop their craft, and showcase their work during the summer season. Additionally, BIED rents residential units to residents, contributing to the Island's housing market and supporting its residents. By providing these services, BIED aims to contribute positively to the overall quality of life on Block Island.
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Impact
October, 2024
Block Island Economic Development Foundation Inc significantly enhances the quality of life for residents of Block Island by addressing essential economic and social needs. Through the development of affordable housing, it alleviates the challenges faced by low and moderate-income families, ensuring that more residents can secure stable living conditions.
The Foundation's establishment of a community center creates a vital hub for social interaction and support, offering childcare services and activities for seniors. This facility fosters a sense of community, promoting engagement among various age groups and facilitating access to essential services.
Additionally, the Spring Street Gallery serves as a platform for local artists, nurturing their talent and providing opportunities for collaboration. By promoting art-related programs and enabling artists to showcase and sell their work, the gallery contributes to the island’s cultural richness and economic vitality. Overall, the Block Island Economic Development Foundation plays a crucial role in building a resilient, connected, and vibrant community.
This information is meant to be a general summary of Block Island Economic Development Foundation 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: $6,549
- Gross Receipts: $366,586
Assets and Liabilities:
- Total Assets: $1,553,473
- Total Liabilities: $1,933,743
- Net Assets: -$380,270
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other E Searles Housin
Revenue
$4,781
Other Comm Center Reve
Revenue
$1,844
ADjust
Revenue
-$76
Organization Details
Founding Year
1977
Phone
(401) 487-0017Principal Officer
Gerard Pierce
Main Address
PO Box 619, Block Island, RI, 02807
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