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EIN 05-0389516

Ocean State Business Development Authority

IRS 501(c) type
501(c)(4)
Num. employees
5
City
Warwick
State
Rhode Island
Year formed
1980
Most recent tax filings
2022-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Ocean State Business Development Authority efficiently provides unique capital and services to small businesses located in Rhode Island, Massachusetts, and Connecticut. It helps these businesses acquire equipment and commercial real estate to grow their businesses. In addition, it makes section 504 SBA loans to businesses in accordance with the rules and regulations promulgated by the US Small Business Association.
Total revenues
$1,243,867
2022
Total expenses
$1,141,950
2022
Total assets
$521,138
2022
Num. employees
5
2022

Program areas at Ocean State Business Development Authority

Making section 504 sba loans to businesses in accordance with the rules and regulations promulgated by the us small Business association

Personnel at Ocean State Business Development Authority

NameTitleCompensation
James Tierney1st Vice President, Commercial Lending
Russell GastonPresident$335,788
Amber PerryAvp, Portfolio Manager
Brianna LukowiczCredit Analyst and Portfolio Manager
Henry A VioletPresident$131,785

Financials for Ocean State Business Development Authority

RevenuesFYE 09/2022
Total grants, contributions, etc.$94,481
Program services$1,149,386
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,243,867

Form 990s for Ocean State Business Development Authority

Fiscal year endingDate received by IRSFormPDF link
2022-092022-12-22990View PDF
2021-092022-01-27990View PDF
2020-092021-06-30990View PDF
2020-092021-01-11990View PDF
2019-092020-10-22990View PDF
...and 9 more Form 990s

Organizations like Ocean State Business Development Authority

OrganizationLocationRevenue
Nevada State Development CorporationLas Vegas, NV$2,347,685
Capital MatrixBoise, ID$1,706,997
Heartland Business CapitalOverland Park, KS$584,292
Community Capital Development CorporationDublin, OH$913,752
SBDCSpringfield, OH$634,333
Siskiyou Economic Development CouncilYreka, CA$1,611,350
Tampa Bay Black Business InvestmentTampa, FL$1,038,941
Twin Cities-Metro Certified DevelopmentVadnais Heights, MN$3,463,785
Louisiana Capital CDCLafayette, LA$535,000
Mid State Development CorporationBakersfield, CA$777,454
Data update history
July 6, 2023
Updated personnel
Identified 1 new personnel
May 26, 2023
Updated personnel
Identified 1 new personnel
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
May 19, 2022
Used new vendors
Identified 1 new vendor, including
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Business and industry
Characteristics
Receives government fundingManagement and technical assistance
General information
Address
300 Jefferson Blvd
Warwick, RI 02888
Metro area
Providence-Warwick, RI-MA
County
Kent County, RI
Website URL
osbda.com/ 
Phone
(401) 291-1504
IRS details
EIN
05-0389516
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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