Designxri EIN 47-1269955

Designxri

EIN  47-1269955 Public charity (501(c)(3)) Providence, RI
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Size
$100K–1M
What they do
Empowers Rhode Island designers and businesses to thrive.
Leadership
Rue Sakayama · Director of External Relations · $81K
Money in and out
$839K revenue, $821K expenses
Bottom line
64% program efficiency

Empowers Rhode Island designers and businesses to thrive. For fiscal year 2024 it reported $839K in revenue, $821K in expenses, and $63K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$839K
Pt VIII · Ln 12
Total expenses
$821K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36 Fundraising $0.00
Program efficiency
64%
of spending reaches programs▲ +25% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +115% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$839K
FY2024▲ +15%
Expenses
$821K
FY2024▼ -2%
Total assets
$219K
FY2024▲ +6%
Total liabilities
$156K
FY2024▼ -4%
Total revenue
$839K
Pt VIII · Ln 12
Total expenses
$821K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$219K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $524K of program spending, described in the organization's own filed words · FY2024.
01

Organizing workforce and business skills trainings for designers and design businesses to strengthen their work. And working with industry and economic partners throughout the state to connect ri design to other sectors, business and state leaders, assisting in further understanding of design and creating potential benefit through…

$524Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDesignxri
EINHdr · item D47-1269955
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.designxri.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMay 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of External Relations
$81,285Pt VII · Sec A
Director of Internal Relations
$50,847Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rue Sakayama’s $81K as Director of External Relations is at the 58th percentile of top reported officer pay among 1711 $100K–1M community development 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

NameFY2024FY2020
Lisa Carnevale$99,135
Rue Sakayama$81,285
Berit Lavender$50,847

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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Statement of Revenue

Part VIII
Contributions & grants$821K · 98%
Other revenue$16K · 2%
Contributions & grants98%$821K
Other revenue2%$16K
Investment income$2K
— government grantsLn 1e$570K
Total revenueLn 12$839K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36 Fundraising $0.00
Program services64%$524K
Management & general36%$296K
Fundraising$946
Total functional expensesLn 25$821K

Balance Sheet

Part X · end of year
CashLn 1$164K
Total assetsLn 16$219K
Total liabilitiesLn 26$156K
Total net assetsLn 32$63K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $164K · Operating expenses/yr $821K
2.4 months
Where the money goes
Program services
Program services $524K · Total expenses $821K
64%
Management & General
Management & general $296K · Total expenses $821K
36%
Fundraising
Fundraising $946 · Total expenses $821K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $118K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $821K · Total revenue $839K
98%
Government reliance
Government grants $570K · Total revenue $839K
68%
Earned-income share
Program service revenue $0 · Total revenue $839K
0%
Investment reliance
Investment income $2K · Total revenue $839K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $821K
0%
Growth & trend
Revenue growth (YoY)
This year $839K · Prior year $728K
+15%
Revenue CAGR
FY2020 $867K · FY2024 $839K
-1%
Net-asset trend (YoY)
End of year $63K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $839K · Expenses $821K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $219K
Net-asset ratio
Net assets $63K · Total assets $219K
29%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $219K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rue Sakayama · Reported title DIRECTOR OF EXTERNAL RELATIONS · Highest reported compensation $81K · Total expenses $821K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $370K · Total expenses $821K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Fundraising cost ratio 0%
Revenue growth 15%

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.

Grants

Schedule I · funders on record
Grants received · FY2024

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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 (Latest)$839K revenue · viewing · ⤓ 990 PDF
FY2023$728K revenue · ⤓ 990 PDF
FY2022$717K revenue · ⤓ 990 PDF
FY2021$438K revenue · ⤓ 990 PDF
FY2020$867K 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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