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Organizations Ocean State Business Development Authority Inc.

Ocean State Business Development Authority Inc.

Fiscal year ending 2024. Filed on March 7, 2025.

300 Jefferson Blvd
Warwick, Rhode Island 02888

Ocean State Business Development Authority Inc. (EIN: 05-0389516) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Ocean State Business Development Authority Inc., a 501(c)(4) civic league or social welfare organization, reported compensation for 3 out of 4 total employees. Among the employees shown here, the average compensation is $244,338. The highest compensated employee at Ocean State Business Development Authority Inc. is Russell A Gaston with fiscal year 2024 compensation of $414,466.

Revenue, expenses, and employee compensation

Revenue

$1,429,567

Expenses

$1,414,431

Employee compensation

$1,047,967
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Russell A Gaston
President
$414,466
$385,525 No related comp$28,941
James Tierney
Vice President Commercia
$170,154
$161,834 No related comp$8,320
Amber Perry
AVP Portfoli
$148,395
$148,395 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Hasan Ali
Director
$800
$800 No related compNo other comp
Kevin Casey
Director
$800
$800 No related compNo other comp
Sharyn Harrington
Director
$800
$800 No related compNo other comp
Robert E Nickerson
Director
$800
$800 No related compNo other comp
Cristina Feden
Director
$600
$600 No related compNo other comp
Michael Levinson
Director
$600
$600 No related compNo other comp
Eric Lichatin
Director
$600
$600 No related compNo other comp
John Pimental
Director
$600
$600 No related compNo other comp
Sean McIntyre
Director
$400
$400 No related compNo other comp
Russell W Hahn
Chair
$400
$400 No related compNo other comp

Mission Statement

TO EFFICIENTLY PROVIDE UNIQUE CAPITAL AND SERVICES TO SMALL BUSINESSES LOCATED IN RI, MA AND CT; HELPING THEM ACQUIRE EQUIPMENT AND COMMERCIAL REAL ESTATE TO GROW EHTIER BUSINESSES.

Revisions to this organization profile

March 7, 2025:
2024 Ocean State Business Development Authority Inc. 990 filed
January 17, 2024:
2023 Ocean State Business Development Authority Inc. 990 filed
December 22, 2022:
2022 Ocean State Business Development Authority Inc. 990 filed

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