EIN 23-7423032

The Providence Foundation

Name: The Providence Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Providence

State

Rhode Island

Year formed

1974

Most recent tax filings

2023-09-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The Providence Foundation revitalizes downtown, fosters inclusivity, enhances cultural life, and drives economic development for a thriving, equitable city.

Related structure

The Providence Foundation is a subordinate organization under Greater Providence Chamber of Commerce (GPCC).

Total revenues

$824,379

2023

Total expenses

$1,000,244

2023

Total assets

$456,216

2023

Num. employees

2023

Program areas at The Providence Foundation

The Foundation operates various programs and long-term visionary projects relative to The revitalization of downtown Providence. Such programs and projects include The downtown Providence parks conservancy, which works to enhance public spaces, The Providence resilience partnership, which supports The mobilization of The city's diverse communities to combat climate change, and The vitality program, which seeks to generate interest in downtown and create a vibrant environment that draws visitors and businesses to downtown Providence.

Who funds The Providence Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Rhode Island Foundation	2023-12	Healthy Lives	$66,350
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$40,000
Textron Charitable Trust DTD 122353	2023-12	General Support To Civic Agency	$29,760
...and 1 more grant received

Personnel at The Providence Foundation

Name	Title	Compensation	Date of data
Cliff Wood	Board Chair	$150,092	2024-07-17
David Salvatore	Executive Director		2024-12-17
Bethany Costello	Vice Chair	$0	2024-12-17
Greg Almieda	Secretary	$0	2024-12-17
Joseph Greene	Treasurer	$0	2024-10-02
...and 4 more key personnel

Financials for The Providence Foundation

Revenues	FYE 09/2023	FYE 09/2022	% Change
Total grants, contributions, etc.	$815,474	$997,850	-18.3%
Program services	$0	$0	-
Investment income and dividends	$1,953	$646	202.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$6,952	$4,766	45.9%
Total revenues	$824,379	$1,003,262	-17.8%

Form 990s for The Providence Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-09	2024-07-17	990	View PDF
2022-09	2023-08-03	990	View PDF
2021-09	2022-07-18	990	View PDF
2020-09	2021-06-01	990	View PDF
2019-09	2020-09-01	990	View PDF
...and 9 more Form 990s

Organizations like The Providence Foundation

Organization	Type	Location	Revenue
Philadelphia Chinatown Development Corporation (PCDC)	501(c)(3)	Philadelphia, PA	$2,537,285
Wichita Downtown Development Corporation	501(c)(3)	Wichita, KS	$934,520
Greater Jamaica Local Development Company	501(c)(3)	Jamaica, NY	$593,689
Community Reuse Organization of East Tennessee (CROET)	501(c)(3)	Oak Ridge, TN	$519,165
Grow Licking County	501(c)(3)	Newark, OH	$451,225
Central Baltimore Partnership	501(c)(3)	Baltimore, MD	$3,232,830
Mission West Community Development Partners	501(c)(3)	Ronan, MT	$2,442,320
World Trade Center of Greater Philadelphia	501(c)(3)	Philadelphia, PA	$936,921
Downtown Brooklyn Partnership	501(c)(3)	Brooklyn, NY	$2,100,694
Northern Community Investment CORPORATION (NCIC)	501(c)(3)	St Johnsbury, VT	$1,941,984

Data update history

December 27, 2024

Received grants

Identified 1 new grant, including a grant for $2,500 from Webster Bank Charitable Foundation

October 2, 2024

Updated personnel

Identified 7 new personnel

August 28, 2024

Posted financials

Added Form 990 for fiscal year 2023

August 27, 2024

Updated personnel

Identified 1 new personnel

July 17, 2024

Received grants

Identified 4 new grant, including a grant for $208,099 from The Rhode Island Foundation

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Community improvementEconomic development

Characteristics

LobbyingState / local levelReceives government fundingGala fundraisersTax deductible donationsAccepts online donations

General information

Address: 30 Exchange Terrace; Providence, RI 02903
Metro area: Providence-Warwick, RI-MA
County: Providence County, RI
Website URL: provfoundation.com/
Phone: (401) 521-3248

IRS details

EIN: 23-7423032
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1974
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Subordinate organization

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The Providence Foundation

Program areas at The Providence Foundation

Who funds The Providence Foundation

Personnel at The Providence Foundation

Financials for The Providence Foundation

Form 990s for The Providence Foundation

Organizations like The Providence Foundation

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