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Rhode Island Business Competition Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562534012 ✦ Providence, RI ✦ Designated as a 501(c)(3)

Overview

What is Rhode Island Business Competition Inc?

Rhode Island Business Competition Inc is a nonprofit organization that orchestrates business-related competitions, primarily focusing on students and entrepreneurs. They have hosted various competitions, with a notable instance featuring 49 participants. The winners and finalists were honored with multiple awards, with the specific numbers varying between four, seven, six, and three prizes. The organization's mission revolves around fostering innovation and business acumen among aspiring individuals through these competitions.


Official website here: www.ri-business.com

Is Rhode Island Business Competition Inc legitimate?

Rhode Island Business Competition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island Business Competition Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.ri-business.com

What is the mission statement of Rhode Island Business Competition Inc?

Rhode Island Business Competition Inc is an organization that conducts business competitions. Their primary activity involves hosting a Business Plan competition, which attracts a significant number of competitors, including students and entrepreneurs. The competition aims to recognize and reward the best business plans, with multiple prizes distributed among the winners and finalists. The purpose of these competitions is to foster innovation, entrepreneurship, and the development of promising business ideas. While the information provided does not include a formal mission statement, it can be inferred that the organization's mission is to promote and encourage entrepreneurial spirit and business development through competitive events.


Official website here: www.ri-business.com

What is the revenue of Rhode Island Business Competition Inc?

Rhode Island Business Competition Inc's revenue in 2023 was $73,040.


Official website here: www.ri-business.com

Who are the executives of Rhode Island Business Competition Inc and what are their salaries?

Here are 3 key members and their salaries:

    Margaret D Farrell Esq (Pres/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Mangiarelli (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ri-business.com

    Where can I find the form 990EZ for Rhode Island Business Competition Inc?

    The Rhode Island Business Competition Inc’s most recent form 990EZ was submitted in 2023 and can be accessed here


    Official website here: www.ri-business.com

    Learn more at the official website: www.ri-business.com

    Mission Statement of Rhode Island Business Competition Inc

    Rhode Island Business Competition Inc, as its name suggests, is committed to fostering entrepreneurial spirit among students. Its primary activity revolves around conducting a Business Plan Competition, a platform that encourages and rewards innovative ideas and strategic planning. This competition attracts a significant number of participants, with 49 individuals or teams taking part in the recent event. The competition is not just a one-time recognition, but it offers multiple winners, with four prizes given to the winning team and finalists, seven prizes for winners, six prizes for additional winners, and three prizes for yet another set of winners. This competition serves as an excellent opportunity for students and aspiring entrepreneurs to showcase their business acumen and potentially secure valuable resources for their ventures.

    Impact

    This information is meant to be a general summary of Rhode Island Business Competition Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, August 4, 2024

    Rhode Island Business Competition Inc's impact is evident in its support for entrepreneurs and students through conducting business plan competitions. These competitions have attracted a total of 49 competitors, with various prizes awarded to winners and finalists. By providing a platform for aspiring entrepreneurs to showcase their ideas and receive recognition, Rhode Island Business Competition Inc contributes to the growth and development of the business community in the state. Additionally, the organization's focus on fostering innovation and creativity among participants aligns with its mission to support and promote entrepreneurship in Rhode Island.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $30
  • Program Service Revenue: $0
  • Gross Receipts: $73,040

    • Assets and Liabilities:
  • Total Assets: $10,246
  • Total Liabilities: $8,000
  • Net Assets: $2,246
  • Organization Details

    Main Address

    40 Westminster Street, Providence, RI, 02903

    NTEE Category

    Code: S40 - Community improvement

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