Rhode Island Urban Business Incubator Inc, Urban Ventures in Providence, Rhode Island (RI)
Table of contents:
| Rhode Island Urban Business Incubator Inc, Urban Ventures | |
| Employer Identification Number (EIN) | 050506858 |
| Name of Organization | Rhode Island Urban Business Incubator Inc |
| Secondary Name | Urban Ventures |
| In Care of Name | J R Neville |
| Address | 150 Colfax St, Providence, RI 02905-1839 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $28,888 |
| Amount of Income | $85,012 |
| Form 990 Revenue Amount | $85,012 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $85,012 (it was $97,391 in 2012)
| Rhode Island Urban Business Incubator Inc, Urban Ventures: | $85,012 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $28,888 (it was $46,184 in 2012)
| Rhode Island Urban Business Incubator Inc, Urban Ventures: | $28,888 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $102,308
| Rhode Island Urban Business Incubator Inc, Urban Ventures: | $102,308 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.8
| Rhode Island Urban Business Incubator Inc, Urban Ventures: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 100.0%
| Rhode Island Urban Business Incubator Inc, Urban Ventures: | 100.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $108,757 | $97,391 | $85,012 |
| Contributions, gifts, grants, and similar amounts received | $108,164 | $97,348 | $85,010 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $43 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $593 | $0 | $0 |
| Total expenses | $108,615 | $105,063 | $102,308 |
| Total net assets | $53,789 | $46,117 | $28,821 |
| Excess/Deficit for the year | $142 | $-7,672 | $-17,296 |
| Net assets or fund balances at beginning of year | $53,647 | $53,789 | $46,117 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $46,117 | $28,821 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $53,986 | $46,184 | $28,888 |
| Total liabilities | $197 | $67 | $67 |
| Net assets or fund balances | $53,789 | $46,117 | $28,821 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $519,558 |
| Subtotal Support | $519,558 |
| Gifts, grants, contributions, and membership fees received | $505,158 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $14,400 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $532,893 |
| Public Support | $519,558 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $644 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $12,691 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | West Penn Power Sustainable Energy Fund | 40 North Pennsylvania Avenue, Greensburg, PA 15601-2341 | PA | 2000-07 | $30,412,808 |
| 3 | Louisiana State University System Research And Technology Foundation | 101 Letc 110 Lsu Union Sq, Baton Rouge, LA 70803-0001 | LA | 2007-11 | $20,520,539 |
| 4 | South Alabama Regional Planning Commission | 651 Church St, Mobile, AL 36602-1603 | AL | 1999-11 | $17,329,776 |
| 5 | Pidc-Local Development Corporation | 1500 Market St Ste 2600w, Philadelphia, PA 19102-2115 | PA | 2011-02 | $13,091,627 |
| 6 | Whole Planet Foundation | 550 Bowie St, Austin, TX 78703-4644 | TX | 2007-07 | $12,991,792 |
| 7 | Chicago Neighborhood Initiatives Inc | 1000 E 111th Street No 10 Flr, Chicago, IL 60628-4614 | IL | 2010-08 | $11,964,086 |
| 8 | Vocational Development Center Inc | 612 S Main St, Council Blfs, IA 51503-6509 | IA | 1968-09 | $10,713,154 |
| 9 | Waterbury Development Corporation | 83 Bank St Fl 3, Waterbury, CT 06702-2232 | CT | 2000-04 | $10,173,294 |
| 10 | T R W I B Inc | 650 Smithfield St Ste 2600, Pittsburgh, PA 15222-3915 | PA | 2002-06 | $10,056,465 |
| 11 | Riverfront Development Corporation | 22 N Front St Ste 960, Memphis, TN 38103-2194 | TN | 2000-07 | $9,468,515 |
| 12 | Galveston Port Facilities Corporation | 123 Rosenberg 8th Flr, Galveston, TX 77550-1403 | TX | 2005-03 | $8,492,729 |
| 13 | Team Pennsylvania Foundation | 100 Pine St Fl 9, Harrisburg, PA 17101-1223 | PA | 1998-08 | $8,380,006 |
| 14 | Eastern Indiana Region Vi Regionalworkforce Board | 122 E Main St, Muncie, IN 47305-2839 | IN | 2010-09 | $6,824,421 |
| 15 | Multi-Cultural Foodservice & Hospitality Alliance | 1144 Narragansett Blvd, Cranston, RI 02905-4012 | RI | 2000-05 | $484,179 |
| 16 | Mosaico Business & Community Development Corporation | 500 Wood Street, Bristol, RI 02809-2342 | RI | 2011-09 | $462,800 |
| 17 | Rhode Island Urban Business Incubator Inc, Urban Ventures | 150 Colfax St, Providence, RI 02905-1839 | RI | 2001-07 | $85,012 |
| 18 | Hope Man Initiatives Inc | 244 Weybosset St, Providence, RI 02903-3732 | RI | 2015-02 | $0 |
| 19 | Slater Center For Interactive Technologies | 3 Davol Sq Mailstop 184 Rm301, Providence, RI 02903-4710 | RI | 2004-10 | $0 |
| 20 | Westerly Airport Association | Po Box 2053, Westerly, RI 02891 | RI | 2001-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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