Overview

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Est.

2011

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Rhode Island Black Business Association (RIBBA) is a nonprofit organization dedicated to closing the wealth gap in Rhode Island by empowering residents and fostering equitable opportunities for future generations. With an operating budget of $1.3 million and total revenue of $1.9 million, RIBBA focuses on key areas such as financial empowerment, workforce development, and entrepreneurship. The organization does not rely on a single funder for 50% or more of its revenue, ensuring diverse support for its mission. More information can be found on their website at www.ri-bba.org.

Mission Statement

AS A NON-PROFIT ORGANIZATION, RIBBA IS COMMITTED TO CLOSING THE WEALTH GAP IN RHODE ISLAND BY EMPOWERING ALL RESIDENTS TO THRIVE AND FOSTERING EQUITABLE OPPORTUNITIES FOR FUTURE GENERATIONS. OUR INNOVATIVE PROGRAM MODEL IS BUILT UPON KEY PILLARS OF SUCCESS, INCLUDING FINANCIAL EMPOWERMENT, WORKFORCE DEVELOPMENT, BUSINESS DEVELOPMENT, CONTRACTING, LEARNING SERIES, CAPITAL PATHWAYS, ADVOCACY, ENTREPRENEURSHIP, AND MENTORSHIP.
Revenues
$1.9M
Expenses
$1.4M
Net Income:
+$498.3K
Assets
$2.5M
Liabilities
$1.3M
Net Assets:
+$1.3M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$7.6K
Largest grant received
$10K
L
Lisa Ranglin
Board Member
T
Tori Currier
Board Member
G
Gregory Bowman
Board Member

Frequently Asked Questions

What is RHODE ISLAND BLACK BUSINESS ASSOCIATION’s budget?
In 2024, RHODE ISLAND BLACK BUSINESS ASSOCIATION reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does RHODE ISLAND BLACK BUSINESS ASSOCIATION support?
RHODE ISLAND BLACK BUSINESS ASSOCIATION supports work in Cultural awareness and Business promotion.
Where does RHODE ISLAND BLACK BUSINESS ASSOCIATION operate?
RHODE ISLAND BLACK BUSINESS ASSOCIATION is headquartered in Providence, RI.
Who funded RHODE ISLAND BLACK BUSINESS ASSOCIATION recently?
In 2024, RHODE ISLAND BLACK BUSINESS ASSOCIATION received grants from LOCAL INITIATIVES SUPPORT CORPORATION, UNITED WAY OF RHODE ISLAND INC, and RALPH R PAPITTO & BARBARA A PAPITTO PRIVATE FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant RHODE ISLAND BLACK BUSINESS ASSOCIATION received in 2024?
The largest grant to RHODE ISLAND BLACK BUSINESS ASSOCIATION in 2024 exceeds $10 thousand.
What is RHODE ISLAND BLACK BUSINESS ASSOCIATION’s reliance on government grants?
RHODE ISLAND BLACK BUSINESS ASSOCIATION relied on government grants for more than 20% of their total revenue in 2024.