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Filing year 2023

OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC

Warwick, Rhode Island·EIN 05-0389516·501(c)(4)
Total revenue
$1.4M
Total assets
$724k
Total expenses
$1.4M
Reported officers
13
Mission

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 THEIR BUSINESSES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$414k
$463k
Base
$197k
Bonus
$187k
Other
$800
Benefits
$15k
VP Commercia
Board Vice President
Median to 75th percentile
$170k
$190k
Base
$129k
Bonus
$32k
Other
Benefits
$1k
AVP Portfoli
Highest Compensated Employee
25th percentile to median
$148k
$166k
Director
Board Member
Below 10th percentile
$800
$893
Director
Board Member
Below 10th percentile
$800
$893
Director
Board Member
Below 10th percentile
$800
$893
Director
Board Member
Below 10th percentile
$800
$893
Director
Board Member
Below 10th percentile
$600
$670
Director
Board Member
Below 10th percentile
$600
$670
Director
Board Member
Below 10th percentile
$600
$670
Director
Board Member
Below 10th percentile
$600
$670
Chairman
Board Chair
Below 10th percentile
$400
$447
Director
Board Member
Below 10th percentile
$400
$447

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 1%
from 2022

From $420k in 2022 to $414k in 2023.

$420k
2022
$414k
2023
In today's dollarsEst.
Down 5% in real terms$485k to $463k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 1% from 2022 to 2023, while revenue rose 6%.

$420k in 2022 to $414k in 2023.
  • Board Member pay held roughly steady from 2022 to 2023.
  • Board Chair pay held roughly steady from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.3M
$1.3M
2022
$1.4M
$1.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC

What does the Chief Executive Officer of OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC earn?

In 2023, the Chief Executive Officer of OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC received $414,466 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC falls in the top 10%.

What are OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC's revenue and expenses?

In 2023, OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC reported $1.4M in total revenue and $1.4M in total expenses on its IRS Form 990.

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