Overview
What is Rhode Island Business Development Institute Inc?
Rhode Island Business Development Institute Inc is a nonprofit organization dedicated to supporting small businesses in the state. Their primary focus is providing micro-loan grant services to assist these enterprises in overcoming financial challenges. Additionally, they organize educational workshops specifically designed for minority entrepreneurs, aiming to enhance their business skills and knowledge. The institute also participates in the Complete Community Development Block Grant (CDBG) program, furthering its mission to promote economic growth and development for underrepresented communities.
Is Rhode Island Business Development Institute Inc legitimate?
Rhode Island Business Development Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island Business Development Institute 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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What is the mission statement of Rhode Island Business Development Institute Inc?
The Rhode Island Business Development Institute Inc's mission is centered around offering micro-loan and grant services to small businesses within the region. In addition to this financial aid, the institution organizes educational workshops specifically for minority entrepreneurs, aiming to enhance their educational opportunities. The Institute's activities also include participating in the Complete Community Development Block Grant (CDBG) program, furthering its commitment to supporting local businesses and entrepreneurs.
Who is the CEO of Rhode Island Business Development Institute Inc?
Lisa Ranglin is the President of Rhode Island Business Development Institute Inc.
What is the revenue of Rhode Island Business Development Institute Inc?
Rhode Island Business Development Institute Inc's revenue in 2022 was $195,559.
Who are the executives of Rhode Island Business Development Institute Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Rhode Island Business Development Institute Inc?
Rhode Island Business Development Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rhode Island Business Development Institute Inc
Rhode Island Business Development Institute Inc, a nonprofit organization, is dedicated to providing micro-loan and grant services to small businesses within Rhode Island. Beyond this primary mission, the institution also focuses on enhancing education for minority entrepreneurs. Through organized workshops, the institute aims to equip these entrepreneurs with the necessary skills and knowledge to flourish in their respective industries. Furthermore, the organization completes the Community Development Block Grant (CDBG) program, demonstrating its commitment to community development and economic growth. By providing these essential services, Rhode Island Business Development Institute Inc strives to foster a thriving business landscape in Rhode Island, particularly among minority entrepreneurs.
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Impact
October, 2024
Rhode Island Business Development Institute Inc significantly impacts the local economy by offering vital financial support and educational resources to small businesses, particularly those owned by minorities. By providing micro-loans and grant services, the organization helps entrepreneurs overcome financial barriers, enabling them to start or expand their businesses.
Additionally, the institute organizes educational workshops tailored for minority entrepreneurs, fostering an environment of learning and growth. This focus on minority education enhancement empowers individuals with the knowledge and skills necessary to navigate the challenges of entrepreneurship. Through initiatives like the complete CDBG program, the institute contributes to community improvement and strengthens the overall economic landscape in Rhode Island, particularly in Providence.
This information is meant to be a general summary of Rhode Island Business Development Institute 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.
- Gross Receipts: $195,559
Assets and Liabilities:
- Total Assets: $763,199
- Total Liabilities: $478,822
- Net Assets: $284,377
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Organization Details
Founding Year
2014
Phone
(401) 465-3669Principal Officer
Lisa Ranglin
Main Address
THREE REGENCY PLAZA APT 3 EAST, PROVIDENCE, RI, 02903
NTEE Category
Code: S02 - Community improvement
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