Rhode Island Commodores

The Rhode Island Commodores is a 501(c)(6) non-profit organization established in 1968 by then Governor John H. Chafee, with the primary purpose of promoting economic development in Rhode Island. It was formally incorporated as a non-profit corporation on December 23, 1975. The organization is focused on stimulating economic enterprise through education, economic promotion, and hospitality[1][2].

Organization Structure

The honorary title of Rhode Island Commodore is bestowed upon prominent business and civic leaders in the state. This title is not a military rank and comes with no duties or compensation. Nominations are made by active Commodores, with appointments approved by the Governor of Rhode Island, who serves as the commander-in-chief of the organization[1]. The organization is administered as an auxiliary to the quasi-public Rhode Island Commerce Corporation, and its leadership includes an admiral and a board of directors[1].

Mission and Activities

The Rhode Island Commodores aim to assist and stimulate economic development within Rhode Island. They achieve this through various educational and promotional initiatives. The organization frequently hosts meetings featuring prominent speakers, though it has faced criticism for its policy of excluding journalists from these events[1].

Financial Overview

As of recent financial disclosures, the Rhode Island Commodores operate with a relatively modest budget. For instance, in 2023, their revenue was approximately $84,100, while expenses were about $66,200. The organization's total assets have been reported around $100,000, with no liabilities. Their revenue primarily comes from program services and investment income, with donations not being tax-deductible[2].

History and Significance

Since its inception, the Rhode Island Commodores have continued to play a role in Rhode Island's economic landscape. As of 2011, there were approximately 260 individuals holding the honorary title of Commodore[1]. The organization remains a notable entity in Rhode Island's community, focused on contributing to the state's economic well-being.