2024-05-14T21:48:39-05:00 2023-06-30 050495839 Aaronson Lavoie Streitfeld Diaz & Co PC 1604 Broad Street Cranston RI 02905 990EZ 2022-07-01 050506858 Rhode Island Urban Business Incubator Inc RHOD 4017808866 807 Broad Street 246 Providence RI 02907 Ron Crosson Executive Director 4017808866 2024-05-14 1 Ron Crosson 999009999 1 Adam Diaz P01266771 4012230205 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X WWW.URBANVENTURESRI.ORG X X 141049 X 141000 49 141049 100159 9034 5300 0 29579 144072 -3023 28135 0 25112 X 69673 6541 26362 83270 96035 89811 67900 64699 28135 25112 X To provide the general public and small businesses, with less than 50 employees, with business development assistance, through education, training and consultation. Program Service Accomplishments July 2022 - June 2023Urban Ventures Inc. provided micro-businesses with technical assistance and mentorship. Advocacy, and information to help them start up and or grow.Businesses served are predominantly located in urban and low-income communities and are both minority and non-minority-owned.The demographics of the clients that we have assisted during this period are as follows:26.2% of our clients were Hispanic; 52.3% African; 6.2%. African American; 3.1% Cape Verdean; 6.2% Native American; 3.1% Caribbean (Not Hispanic); 1.5% Asian; and 1.5% Caucasian. 60% of our clients were Women and 40% male.63.0% of the businesses were Startups and 37.0% were Existing businesses representing a wide-range of industries which included: Child Day Care, Adult Day Care, Food Manufacturing, Mobile Food Services, Farming, Construction, Pest Control, Independent Artist, Fashion Design, Life Coaching, Book Publishing, Public Relations, Accounting Services, Home Health Care, Group Home Services, Behavioral Health, Non-medical Transportation.During this period: Businesses that we have assisted have reported 259 new jobs created and $5,630,682 in revenue growth. 23.9% of the ventures we have been working with are in the IDEA (Development) stage, 30.4% are in the LAUNCH stage. 34.8% are in the PROFITABILITY stage, where we are working with them on generating increased revenues and attaining & maintaining sustainable profit levels.We have created an environment in which the entrepreneurs we are working with who already possess talents that other entrepreneurs need help with are connected and offer their assistance.The successes are positively impacting not only the entrepreneurs we are working with but our Rhode Island economy as well, creating good-paying jobs within these communities. 0 129665 129665 Solange Lopes President 1.00 0 0 0 Julius Kolawole Vice President 1.00 0 0 0 Andrew Cagen Secretary 1.00 0 0 0 Adam Diaz Treasurer 1.00 0 0 0 Jaime Aguayo General member 1.00 0 0 0 Dr Edward Mazze General Member 1.00 0 0 0 Dr Chon Wong General Member 1.00 0 0 0 Ron Crosson Executive Director 40.00 62052 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ron Crosson 807 Broad Street Providence RI 02907 4017808866 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 142421 139332 148149 142000 141000 712902 142421 139332 148149 142000 141000 712902 712902 7 49 56 712958 228 0.99990 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 8 - Other Revenue Description: Interest income . Amount: 49. Form 990-EZ, Part I, Line 16 - Other Expenses Description: Subscriptions. Amount: 5,669. Description: Meetings and conferences. Amount: 341. Description: Office and small equip. maint.. Amount: 2,795. Description: Insurance. Amount: 5,267. Description: Payroll and processing fees. Amount: 3,930. Description: Taxes. Amount: 8,863. Description: Depreciation expense. Amount: 126. Description: Telephone. Amount: 2,499. Description: Travel. Amount: 89. Total to Form 990-EZ, line 16: 29,579. Form 990-EZ, Part II, Line 24 - Other Assets Description: Grants Receivable. Beg. of Year Amount: 21,256. End of Year Amount: 80,279. Description: Prepaid expenses. Beg. of Year Amount: 4,980. End of Year Amount: 2,991. Description: Other Depreciable Assets. Beg. of Year Amount: 126. End of Year Amount: 0. Form 990-EZ, Part II, Line 26 - Other Liabilities Description: EIDL. Beg. of Year Amount: 67,900. End of Year Amount: 64,699. The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.