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Filing year 2023

OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC

Warwick, Rhode Island·EIN 05-0389516·4
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 · Schedule J · 13 reported individuals · Filing year 2023

$414k
$463k
Base
$197k
Bonus
$187k
Other
$800
Benefits
$15k
VP Commercia
vice president
$170k
$190k
Base
$129k
Bonus
$32k
Other
Benefits
$1k
AVP Portfoli
highest compensated employee
$148k
$166k
Director
board member
$800
$893
Director
board member
$800
$893
Director
board member
$800
$893
Director
board member
$800
$893
Director
board member
$600
$670
Director
board member
$600
$670
Director
board member
$600
$670
Director
board member
$600
$670
Chairman
board chair
$400
$447
Director
board member
$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.

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.
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