Nonprofits›Rhode Island Black Business Association

Community Improvement & Capacity Building

Rhode Island Black Business Association

PROVIDENCE, RI

Website

Total revenue

$1.9M

Total expenses

$1.4M

Net assets

$1.3M

Grants received

$465K

13 grants

EIN

451454867

Tax year

2024

Mission

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.

Programs

3 programs

"emerging leaders development program" - a 7-month leadership development initiative in partnership with the university of rhode island to prepare professionals for leadership roles and career advancement

Expenses: $326K

"financial education/lender match program" - connecting small businesses with financial institutions to increase access to capital.

Expenses: $92K

"youth entrepreneurship & workforce readiness initiatives" - equipping young rhode islanders with skills and opportunities to succeed in the workforce.

Expenses: $176K

Financials

FY 2024

Revenue

Contributions & grants$419K
Program service revenue$1.4M
Investment income$21K
Other revenue$16K
Total revenue$1.9M

Expenses

Grants paid—
Salaries & benefits$920K
Fundraising—
Other expenses$427K
Total expenses$1.4M
Total assets$2.5M
Net assets$1.3M

People

19 listed

NameRoleCompensation

LISA RANGLIN

PRESIDENT

Board

$144K

20 hrs/wk

GREGORY BOWMAN

DIRECTOR

Board

—

2 hrs/wk

LINDSEY BRICKLE

DIRECTOR

Board

—

2 hrs/wk

TORI CURRIER

DIRECTOR

Board

—

2 hrs/wk

HUETRON DUONG

DIRECTOR

Board

—

2 hrs/wk

GRANT FALCONER

CHAIR

Board

—

2 hrs/wk

DAVID FERREIRA

DIRECTOR

Board

—

2 hrs/wk

EDWIN GILBERT

DIRECTOR

Board

—

2 hrs/wk

SARA GILKENSON

DIRECTOR

Board

—

2 hrs/wk

KRISTEN HAFFENREFFER

DIRECTOR

Board

—

2 hrs/wk

ARNDRES MASON

SECRETARY

Board

—

2 hrs/wk

SALLY MCDONALD

DIRECTOR

Board

—

2 hrs/wk

DARRELL MOORE

DIRECTOR

Board

—

2 hrs/wk

PEDRO NIMAJA MORALES

DIRECTOR

Board

—

2 hrs/wk

BERRY JEAN MURRAY

DIRECTOR

Board

—

2 hrs/wk

JUNIOR ORTEGA

VICE CHAIR

Board

—

2 hrs/wk

TAMARA TARDY

DIRECTOR

Board

—

2 hrs/wk

MAKEBA THOMAS-HARDY

ASSISTANT SE

Board

—

2 hrs/wk

AMY WALSH

DIRECTOR

Board

—

2 hrs/wk

Grants received

Showing 13 of 13

FromAmountPurposeYear
LOCAL INITIATIVES SUPPORT CORPORATION
$10K
SEE PART IV
2024
RALPH R PAPITTO & BARBARA A PAPITTO
$153K
DONATION
2023
LOCAL INITIATIVES SUPPORT CORPORATION
$16K
SEE PART IV
2023
Women's Fund of Rhode Island
$10K
Workforce development program of black owned businesses
2023
THE RHODE ISLAND COMMUNITY FOUNDATION
$8K
OTHER
2023
UNITED WAY OF RHODE ISLAND INC
$5K
DONOR DESIGNATION/GRANT
2023
LOCAL INITIATIVES SUPPORT CORPORATION
$57K
SEE PART IV
2022
PARTNERSHIP FOR RHODE ISLAND
$50K
GRANT
2022
RALPH R PAPITTO & BARBARA A PAPITTO
$47K
DONATION
2022
Women's Fund of Rhode Island
$10K
Workforce development program of black owned businesses
2022
THE RHODE ISLAND COMMUNITY FOUNDATION
$50K
MICRO BUSINESS SUPPORT
2020
THE RHODE ISLAND COMMUNITY FOUNDATION
$50K
MICRO BUSINESS SUPPORT
2020
WASHINGTON TRUST CO CHARITABLE FDN
$500
OPERATIONAL
2018

Funded by

$465K from 7 funders · 13 grants · 2018–2024

Ralph R Papitto & Barbara A Papitto

$200K · 2 grants · 2022–2023

The Rhode Island Community Foundation

$108K · 3 grants · 2020–2023

Local Initiatives Support Corporation

$83K · 3 grants · 2022–2024

Partnership For Rhode Island

$50K · 1 grant · 2022

Women's Fund of Rhode Island

$20K · 2 grants · 2022–2023

United Way Of Rhode Island Inc

$5K · 1 grant · 2023

Washington Trust Co Charitable Fdn

$500 · 1 grant · 2018

Details

EIN451454867
NTEE codeS41
Subsection06
Ruling date2011-07
Formed2011
Employees17
RHODE ISLAND BLACK BUSINESS ASSOCIATION — Mission, Financials & Grants Received | Grantivo