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EIN 22-2956223

Block Island Economic Development Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Block Island
State
Rhode Island
Year formed
1977
Most recent tax filings
2023-12-01
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
Description
BIEDF improves conditions on Block Island through community services and subsidized housing for low-income residents. Includes art gallery and community center.
Total revenues
$22,499
2023
Total expenses
$69,367
2023
Total assets
$1,491,920
2023
Num. employees
0
2023

Program areas at Block Island Economic Development Foundation

Spring Street Gallery is a cooperative of Block Island artists who learn from each other, develop their work , provide art related programs and sell their work at a small summer Gallery on the island. The Community Center serves all BI residents
BIED housing subsidiary owns and operates 16 low income rental apartments on Block Island called "E. Searles Ball Memorial Housing." The project is a subsidized rental housing project under the auspices of USDA -- Rural Development. However all income and expense is reported as rental revenue and rental expense.

Personnel at Block Island Economic Development Foundation

NameTitleCompensation
Gerard PiercePresident
Rebecca BrownSecretary and Treasurer$0
Gerald PiercePresident$0
Monica Hull SheaVice President$0
Christine GreleTreasurer$0

Financials for Block Island Economic Development Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$13,200
Program services$2,802
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-19,994
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$26,491
Miscellaneous revenues$0
Total revenues$22,499

Form 990s for Block Island Economic Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-10990View PDF
2021-122022-11-14990View PDF
2020-122021-11-09990View PDF
2019-122021-04-05990View PDF
...and 14 more Form 990s

Organizations like Block Island Economic Development Foundation

OrganizationLocationRevenue
Slippery Rock DevelopmentSlippery Rock, PA$46,350
Main Street ManningManning, IA$85,224
Power Community Development CorporationWichita, KS$63,861
Bid AllianceSan Diego, CA$44,502
Blcsid PartnershipNewark, NJ$15,000
Felicity RedevelopmentNew Orleans, LA$15,663
Garner Main StreetGarner, IA$94,682
The Hub of BakersfieldBakersfield, CA$24,212
Jefferson Street United Merchants PartnershipNashville, TN$58,984
Apalachicola Main StreetApalachicola, FL$88,226
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 1 new personnel
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
PO Box 619
Block Island, RI 02807
Metro area
Providence-Warwick, RI-MA
County
Washington County, RI
Phone
(401) 487-0017
IRS details
EIN
22-2956223
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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