Rhode Island Construction Training Academy EIN 05-0467283 Form 990 (PDF) Claim this org

Rhode Island Construction Training Academy

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Teaches and trains people for careers in skilled trades. For fiscal year 2024 it reported $343K in revenue, $406K in expenses, and $454K in net assets.Pt I

Founded
1992
Type
Public charity (501(c)(3)) · Education
Location
Pawtucket, RI
Website
www.ricta.org
Filings
5 on file (2020–2024)
Revenue
$343KFY2024
Expenses
$406K
Net assets
$454K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  05-0467283 Public charity (501(c)(3)) Pawtucket, RI Founded 1992
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches and trains people for careers in skilled trades.
Leadership
Kristen Brescia · Education Director Through June 2025 · $76K
Money in and out
$343K revenue, $406K expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$343K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$454K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▼ -141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$343K
FY2024▼ -14%
Expenses
$406K
FY2024▼ -5%
Total assets
$549K
FY2024▼ -10%
Total liabilities
$95K
FY2024▲ +1%
Total revenue
$343K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$454K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$63K
Total assetsPt X · Ln 16$549K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRhode Island Construction Training Academy
EINHdr · item D05-0467283
Principal addressHdr · item CPawtucket, RI
WebsiteHdr · item Jwww.ricta.org
Year of formationHdr · item L1992
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B31Z)
Ruling yearIRS BMFNov 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Education Director Through June 2025
$76,169Pt VII · Sec A
President, Through Dec. 2024
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kristen Brescia’s $76K as Education Director Through June 2025 is at the 68th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kristen Brescia$76,169$84,442$79,122$76,143$76,143$71,536
Michael Murzycki$3,420$7,640
Louis Petrucci JR$6,930

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $336K of program spending, described in the organization's own filed words · FY2024.
01

Trained students in various construction trades via classroom instruction using state and federal approved curriculum.

$336Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$334K · 97%
Contributions & grants$6K · 2%
Investment income$3K · 1%
Program service revenue97%$334K
Contributions & grants2%$6K
Investment income1%$3K
Other revenue$297
Total revenueLn 12$343K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$336K
Management & general17%$70K
Total functional expensesLn 25$406K

Balance Sheet

Part X · end of year
CashLn 1$362K
Total assetsLn 16$549K
Total liabilitiesLn 26$95K
Total net assetsLn 32$454K
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $362K · Operating expenses/yr $406K
10.7 months
Where the money goes
Program services
Program services $336K · Total expenses $406K
83%
Management & General
Management & general $70K · Total expenses $406K
17%
Fundraising
Fundraising $0 · Total expenses $406K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $343K
2%
Government reliance
Government grants — · Total revenue $343K
Earned-income share
Program service revenue $334K · Total revenue $343K
97%
Investment reliance
Investment income $3K · Total revenue $343K
+1.0%
Program self-sufficiency
Program service revenue $334K · Total expenses $406K
82%
Growth & trend
Revenue growth (YoY)
This year $343K · Prior year $398K
-14%
Revenue CAGR
FY2019 $438K · FY2024 $343K
-5%
Net-asset trend (YoY)
End of year $454K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $343K · Expenses $406K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $549K
Net-asset ratio
Net assets $454K · Total assets $549K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $549K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristen Brescia · Reported title EDUCATION DIRECTOR through JUNE 2025 · Highest reported compensation $76K · Total expenses $406K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $228K · Total expenses $406K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Revenue growth -14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$398K revenue · ⤓ 990 PDF
FY2023$386K revenue · ⤓ 990 PDF
FY2022$426K revenue · ⤓ 990 PDF
FY2021$387K revenue · ⤓ 990 PDF
FY2020$438K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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