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Employer Identification Number 05-0389516

OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY
Employer identification number (EIN):05-0389516
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522292
NAIC Description:Real Estate Credit
401k Pension/Benefits registration OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO EFFICIENTLY PROVIDE UNIQUE CAPITAL AND SERVICES TO SMALL BUSINESSES LOCATED IN RHODE ISLAND, MASSACHUSETTS, AND CONNECTICUT; HELPING THEM ACQUIRE EQUIPMENT AND COMMERCIAL REAL ESTATE TO GROW THEIR BUSINESSES. ALSO TO PROVIDE ADVISORY, TRAINING AND OTHER NEEDED RESOURCES TO SMALL BUSINESSES WHILE FOSTERING A POSITIVE WORK ENVIRONMENT THAT PROVIDES EMPLOYEES A PLACE TO GROW, LEARN, AND DEVELOP THEMSELVES PROFESSIONALLY.
Number of Employees8
Number of Volunteers0
Year Formed1980

Organization Governance

Legal DomicileRI
Voting Members - Governing Body14
Voting Members - Independent12

Organization Financials

2023-09-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,149,386
Program Service Revenue from current yearUSD $ 1,348,315
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,348,315
Net assets / fund balances at end of fiscal yearUSD $ 370,115
Net assets / fund balances at beginning of fiscal yearUSD $ 346,786
Total liabilities at end of fiscal yearUSD $ 244,820
Total liabilities at beginning of fiscal yearUSD $ 174,352
Total assets at end of fiscal yearUSD $ 614,935
Total assets at beginning of fiscal yearUSD $ 521,138
Revenues less expenses for current yearUSD $ 23,329
Revenues less expenses for previous yearUSD $ 101,917
Total expenses for current yearUSD $ 1,324,986
Total expenses for previous yearUSD $ 1,141,950
Other expenses in current yearUSD $ 431,128
Other expenses in previous yearUSD $ 299,965
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 893,858
Employee salary and benefits paid in previous yearUSD $ 841,985
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,348,315
Total revenue in previous fiscal yearUSD $ 1,243,867
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 94,481
2022-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,035,872
Program Service Revenue from current yearUSD $ 1,149,386
Investment Income from prior yearUSD $ -4,566
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,243,867
Net assets / fund balances at end of fiscal yearUSD $ 346,786
Net assets / fund balances at beginning of fiscal yearUSD $ 245,426
Total liabilities at end of fiscal yearUSD $ 174,352
Total liabilities at beginning of fiscal yearUSD $ 259,426
Total assets at end of fiscal yearUSD $ 521,138
Total assets at beginning of fiscal yearUSD $ 504,852
Revenues less expenses for current yearUSD $ 101,917
Revenues less expenses for previous yearUSD $ 111,909
Total expenses for current yearUSD $ 1,141,950
Total expenses for previous yearUSD $ 993,024
Other expenses in current yearUSD $ 299,965
Other expenses in previous yearUSD $ 238,664
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 841,985
Employee salary and benefits paid in previous yearUSD $ 754,360
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,243,867
Total revenue in previous fiscal yearUSD $ 1,104,933
Contributions and grants from current yearUSD $ 94,481
Contributions and grants from previous yearUSD $ 73,627
2021-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 977,598
Program Service Revenue from current yearUSD $ 1,035,872
Investment Income from current yearUSD $ -4,566
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,109,499
Net assets / fund balances at end of fiscal yearUSD $ 245,426
Net assets / fund balances at beginning of fiscal yearUSD $ 133,517
Total liabilities at end of fiscal yearUSD $ 259,426
Total liabilities at beginning of fiscal yearUSD $ 210,978
Total assets at end of fiscal yearUSD $ 504,852
Total assets at beginning of fiscal yearUSD $ 344,495
Revenues less expenses for current yearUSD $ 111,909
Revenues less expenses for previous yearUSD $ 16,621
Total expenses for current yearUSD $ 993,024
Total expenses for previous yearUSD $ 965,977
Other expenses in current yearUSD $ 238,664
Other expenses in previous yearUSD $ 259,882
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 754,360
Employee salary and benefits paid in previous yearUSD $ 706,095
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,104,933
Total revenue in previous fiscal yearUSD $ 982,598
Contributions and grants from current yearUSD $ 73,627
Contributions and grants from previous yearUSD $ 5,000
2020-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 939,776
Program Service Revenue from current yearUSD $ 977,598
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 982,598
Net assets / fund balances at end of fiscal yearUSD $ 157,882
Net assets / fund balances at beginning of fiscal yearUSD $ 116,895
Total liabilities at end of fiscal yearUSD $ 218,478
Total liabilities at beginning of fiscal yearUSD $ 258,761
Total assets at end of fiscal yearUSD $ 376,360
Total assets at beginning of fiscal yearUSD $ 375,656
Revenues less expenses for current yearUSD $ 40,986
Revenues less expenses for previous yearUSD $ 66,636
Total expenses for current yearUSD $ 941,612
Total expenses for previous yearUSD $ 873,140
Other expenses in current yearUSD $ 235,517
Other expenses in previous yearUSD $ 277,333
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 706,095
Employee salary and benefits paid in previous yearUSD $ 595,807
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 982,598
Total revenue in previous fiscal yearUSD $ 939,776
Contributions and grants from current yearUSD $ 5,000
Net assets / fund balances at end of fiscal yearUSD $ 133,517
Total liabilities at end of fiscal yearUSD $ 210,978
Total assets at end of fiscal yearUSD $ 344,495
Revenues less expenses for current yearUSD $ 16,621
Total expenses for current yearUSD $ 965,977
Other expenses in current yearUSD $ 259,882
2019-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 889,580
Program Service Revenue from current yearUSD $ 939,776
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 939,776
Net assets / fund balances at end of fiscal yearUSD $ 116,895
Net assets / fund balances at beginning of fiscal yearUSD $ 50,259
Total liabilities at end of fiscal yearUSD $ 258,761
Total liabilities at beginning of fiscal yearUSD $ 335,327
Total assets at end of fiscal yearUSD $ 375,656
Total assets at beginning of fiscal yearUSD $ 385,586
Revenues less expenses for current yearUSD $ 66,636
Revenues less expenses for previous yearUSD $ 48,423
Total expenses for current yearUSD $ 873,140
Total expenses for previous yearUSD $ 841,157
Other expenses in current yearUSD $ 277,333
Other expenses in previous yearUSD $ 233,252
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 595,807
Employee salary and benefits paid in previous yearUSD $ 607,905
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 939,776
Total revenue in previous fiscal yearUSD $ 889,580
Contributions and grants from current yearUSD $ 0
2018-09-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 889,580
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 889,580
Net assets / fund balances at end of fiscal yearUSD $ 50,259
Net assets / fund balances at beginning of fiscal yearUSD $ 1,836
Total liabilities at end of fiscal yearUSD $ 335,327
Total liabilities at beginning of fiscal yearUSD $ 332,306
Total assets at end of fiscal yearUSD $ 385,586
Total assets at beginning of fiscal yearUSD $ 334,142
Revenues less expenses for current yearUSD $ 48,423
Total expenses for current yearUSD $ 841,157
Other expenses in current yearUSD $ 233,252
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 607,905
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 889,580
Contributions and grants from current yearUSD $ 0
2017-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 756,513
Program Service Revenue from current yearUSD $ 798,639
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 798,639
Net assets / fund balances at end of fiscal yearUSD $ 1,836
Net assets / fund balances at beginning of fiscal yearUSD $ 97,038
Total liabilities at end of fiscal yearUSD $ 332,306
Total liabilities at beginning of fiscal yearUSD $ 107,488
Total assets at end of fiscal yearUSD $ 334,142
Total assets at beginning of fiscal yearUSD $ 204,526
Revenues less expenses for current yearUSD $ -50,889
Revenues less expenses for previous yearUSD $ 90,652
Total expenses for current yearUSD $ 849,528
Total expenses for previous yearUSD $ 665,861
Other expenses in current yearUSD $ 215,014
Other expenses in previous yearUSD $ 234,777
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 634,514
Employee salary and benefits paid in previous yearUSD $ 431,084
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 798,639
Total revenue in previous fiscal yearUSD $ 756,513
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 576,948
Program Service Revenue from current yearUSD $ 754,272
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 754,272
Net assets / fund balances at end of fiscal yearUSD $ 97,038
Net assets / fund balances at beginning of fiscal yearUSD $ 8,627
Total liabilities at end of fiscal yearUSD $ 107,488
Total liabilities at beginning of fiscal yearUSD $ 38,187
Total assets at end of fiscal yearUSD $ 204,526
Total assets at beginning of fiscal yearUSD $ 46,814
Revenues less expenses for current yearUSD $ 88,411
Revenues less expenses for previous yearUSD $ -53,252
Total expenses for current yearUSD $ 665,861
Total expenses for previous yearUSD $ 630,200
Other expenses in current yearUSD $ 234,777
Other expenses in previous yearUSD $ 174,591
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 431,084
Employee salary and benefits paid in previous yearUSD $ 455,609
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 754,272
Total revenue in previous fiscal yearUSD $ 576,948
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 644,614
Program Service Revenue from current yearUSD $ 576,948
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 576,948
Net assets / fund balances at end of fiscal yearUSD $ 8,627
Net assets / fund balances at beginning of fiscal yearUSD $ 61,879
Total liabilities at end of fiscal yearUSD $ 38,187
Total liabilities at beginning of fiscal yearUSD $ 39,515
Total assets at end of fiscal yearUSD $ 46,814
Total assets at beginning of fiscal yearUSD $ 101,394
Revenues less expenses for current yearUSD $ -53,252
Revenues less expenses for previous yearUSD $ -85,691
Total expenses for current yearUSD $ 630,200
Total expenses for previous yearUSD $ 730,305
Other expenses in current yearUSD $ 174,591
Other expenses in previous yearUSD $ 181,422
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 455,609
Employee salary and benefits paid in previous yearUSD $ 548,883
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 576,948
Total revenue in previous fiscal yearUSD $ 644,614
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Other Company Names associated with EIN

OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
OCEAN STATE BUSINESS
OCEAN STATE BUSINESS DEVELOPMENT AU

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 050389516

USA Location Address
155 SOUTH MAIN STREET SUITE 403
PROVIDENCE
RI
02903
Date first seen: 2007-07-01
Date last seen: 2024-09-30
USA Location Address
300 JEFFERSON BOULEVARD, SUITE 105
WARWICK
RI
02888
Date first seen: 2008-01-01
Date last seen: 2024-09-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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