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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Risd Holdings Inc.

Risd Holdings Inc.

Fiscal year ending 2021. Filed on May 13, 2022.

Two College Street
Providence, Rhode Island 02903

Risd Holdings Inc. (EIN: 05-0508151) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2021 IRS Form 990 filing, Risd Holdings Inc., a 501(c)(25) multi-parent title-holding organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $472,971. The highest compensated employee at Risd Holdings Inc. is Rosanne Somerson with fiscal year 2021 compensation of $601,615.

Revenue, expenses, and employee compensation

Revenue

$742,515

Expenses

$1,227,571

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rosanne Somerson
Chair and President
$601,615
$0 $517,966 $83,649
David Proulx
Treasurer and Secretary
$344,327
$0 $306,318 $38,009

Benchmark Employee Compensation

Non-Employee Board Members

Karen Hammond
Director
Philip E Tobey
Director
Richard W Haining
Director

Mission Statement

THE PURPOSE OF RISD HOLDINGS, INC. IS TO HOLD TITLE TO VARIOUS PROPERTIES, TO COLLECT RENTAL INCOME FROM SUCH PROPERTIES, AND TO TURN OVER THE FULL AMOUNT OF INCOME, LESS EXPENSES, TO RHODE ISLAND SCHOOL OF DESIGN (RISD) TO HELP RISD CARRY OUT ITS EDUCATIONAL MISSION. RISD HOLDINGS, INC. CONDUCTS ITS BUSINESS IN PROVIDENCE, RHODE ISLAND, ADJACENT TO THE RISD CAMPUS.

Revisions to this organization profile

May 15, 2024:
2023 Risd Holdings Inc. 990 filed
May 15, 2023:
2022 Risd Holdings Inc. 990 filed
May 13, 2022:
2021 Risd Holdings Inc. 990 filed

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