EIN 27-4099544

Newport Festivals Foundation

IRS 501(c) type
501(c)(3)
Num. employees
307
Year formed
2010
Most recent tax filings
2022-09-01
NTEE code, primary
Description
The Newport Festivals Foundation fosters the legacy and expands the impact of its Festivals through educational initiatives that celebrate innovation while preserving the deep traditions inherent in Jazz and Folk music.
Total revenues
$11,611,114
2022
Total expenses
$9,577,985
2022
Total assets
$18,922,617
2022
Num. employees
307
2022

Program areas at Newport Festivals Foundation

In 2022, Newport folk festival celebrated its 63rd anniversary. The festival was held at fort adams state park from july 24-26. The festival featured three main stages, over 60 artists, and the creation of new historic moments. During the festival, joni mitchell made a surprise return to the stage after 20 years.
In 2022, Newport Festivals Foundation continued to grow its year-round music education programming. 2022 programs included instrument donations, free after school workshop programs, continuing the musician relief fund, and partnering with Newport Festivals artists to create content to be shared free of charge to music education programs across the country.
In 2022, Newport jazz festival celebrated its 68rd anniversary. The festival was held at fort adams state park from july 29-31. The festival featured three main stages, over 60 artists, and the creation of new historic moments. During the festival, multiple artists paid tribute to our late founder, george wein, in a special closing set.

Grants made by Newport Festivals Foundation

GranteeGrant descriptionAmount
Boys and Girls Clubs of Newport CountyTo Support Musical Programs$15,000

Who funds Newport Festivals Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$139,700
The Ayco Charitable FoundationArts and Culture$61,000
Goldman Sachs Philanthropy Fund (GSPF)Arts and Culture$52,500
...and 18 more grants received totalling $539,931

Personnel at Newport Festivals Foundation

NameTitleCompensation
Kira KarbocusChief Operating Officer$210,509
Kira FavroBoard Member$202,443
Christopher CapotostoChief Creative Officer / Marketing and Creative Director$176,967
Albert Jay SweetExecutive Producer / Festival Producer$402,700
Jay SweetExecutive Director / Executive Producer
...and 12 more key personnel

Financials for Newport Festivals Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$3,734,109
Program services$7,611,580
Investment income and dividends$329,681
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$16,861
Net income from fundraising events$-81,117
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,611,114

Form 990s for Newport Festivals Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-07990View PDF
2021-092022-08-09990View PDF
2020-092021-09-03990View PDF
2019-092020-11-05990View PDF
2018-092019-10-04990View PDF
...and 7 more Form 990s
Data update history
May 17, 2023
Updated personnel
Identified 7 new personnel
May 11, 2023
Used new vendors
Identified 1 new vendor, including
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from Columbia University
August 3, 2022
Received grants
Identified 3 new grant, including a grant for $50,000 from Joyce and George Wein Foundation
July 20, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
State / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringGala fundraisersTax deductible donations
General information
Address
230 Nelson Ave
Saratoga Springs, NY 12866
Metro area
Albany-Schenectady-Troy, NY
Website URL
newportfestivals.org/ 
Facebook page
NewportFestivalsFoundation 
IRS details
EIN
27-4099544
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A68: Music
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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