OLIVER HAZARD PERRY RHODE ISLAND INC

EIN: 202574859 501(c)(3) Arts, Culture & Humanities

NEWPORT, RI

Total Revenue
$4,398,272
Total Expenses
$2,278,515
Total Assets
$2,519,025
Net Assets
$852,096
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
RI
Principal Officer
RICHARD GERSH
Phone
4018410080
Tax Period
2024-01-01 to 2024-12-31

OLIVER HAZARD PERRY RHODE ISLAND INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 418% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 48% operating margin.

Mission

OHPRI PROVIDES INNOVATIVE AND EMPOWERING EDUCATION PROGRAMS AT SEA AND ASHORE TO PROMOTE PERSONAL GROWTH AND PROFESSIONAL DEVELOPMENT, WHILE RAISING AWARENESS OF OPPORTUNITIES IN THE MARITIME INDUSTRY, MARINE TRADES, AND DEFENSE SECTOR FOR THE COMMUNITIES OF RHODE ISLAND AND SOUTHERN NEW ENGLAND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $753,174
Program Service Revenue $121,500
Investment Income $543
Other Revenue $3,523,055
TOTAL REVENUE $4,398,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $357,722
Fundraising Expenses $9,383
Program Expenses $2,223,675
Other Expenses $1,920,793
TOTAL EXPENSES $2,278,515

Year-over-Year Comparison

2024 2023 Change
Revenue $4,398,272 $849,543 +4.2%
Expenses $2,278,515 $2,446,859 -0.1%
Net Income $2,119,757 $-1,597,316 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PGARDNER HOWE CHAIR 4.00
Officer Director
$0 $0 $0
KATHERINE WESCHLER DIVER VICE CHAIR 4.00
Officer Director
$0 $0 $0
RICHARD GERSH TREASURER 5.00
Officer Director
$0 $0 $0
JOSHUA PARKS SECRETARY 1.00
Officer Director
$0 $0 $0
AUSTIN BECKER BOARD MEMBER 1.00
Director
$0 $0 $0
SOPHIE DE LA COUR BOARD MEMBER 1.00
Director
$0 $0 $0
LISA GARAVANTA BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE MATSUDA BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN O'KEEFE BOARD MEMBER 1.00
Director
$0 $0 $0
AVERY SEAMAN JR ASSISTANT TREASURER 20.00
Director
$0 $0 $0
MARK BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
BILL BURGESS BOARD MEMBER 1.00
Director
$0 $0 $0
NATE GILMAN BOARD MEMBER 1.00
Director
$0 $0 $0
WADE KNUDSON BOARD MEMBER 1.00
Director
$0 $0 $0
A RIVES POTTS JR BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN RANDALL BOARD MEMBER 1.00
Director
$0 $0 $0
IBN SALAAM BOARD MEMBER 1.00
Director
$0 $0 $0
SHANA STOREY BOARD MEMBER 1.00
Director
$0 $0 $0
TIM MANNING BOARD MEMBER 1.00
Director
$0 $0 $0
LISA GOODWIN BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,398,272 $2,278,515 $2,519,025 $2,119,757
2023 $849,543 $2,446,859 $4,461,721 $-1,597,316
2022 $681,555 $2,453,472 $5,725,815 $-1,771,917
2021 $778,183 $2,540,567 $7,309,147 $-1,762,384
2020 $542,272 $2,270,425 $9,128,606 $-1,728,153
2019 $764,054 $2,447,937 $10,413,853 $-1,683,883
2018 $1,149,746 $3,204,895 $11,875,076 $-2,055,149
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