Overview
What is Providence Athenaeum?
The Providence Athenaeum is an independently funded library and cultural center situated in Providence, Rhode Island. Established in 1836, this non-profit organization has been committed to serving the general public and providing access to a wide range of books, including contemporary titles and multimedia resources. With a collection of approximately 175,000 items, the Athenaeum offers a varied selection of subjects to cater to the informed reader. Visitors can access its collections through an automated cataloging system and the website, while in-person visits allow for direct interaction with its extensive resources. In 2021-22, the Athenaeum welcomed nearly 27,000 visitors and received support from over 2,200 members and donors, further emphasizing its role as a vital cultural institution for the community. The Athenaeum's offerings attract a diverse range of intellectuals, such as scientists, authors, educators, musicians, actors, poets, artists, and journalists.
Official website here: www.providenceathenaeum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Providence Athenaeum has received a solid score of 89%, reflecting a commendable level of accountability and financial management. This rating is based entirely on the organization's performance in the Accountability & Finance category, indicating a strong commitment to transparency and responsible stewardship of its resources.
Strengths highlighted in the evaluation include a fully independent board, which enhances governance and oversight. The organization also excels in areas such as financial oversight, with no material diversion of assets and a favorable liabilities-to-assets ratio. Additionally, the Athenaeum demonstrates effective program expense management, allocating a significant portion of its budget to its programs.
While the Athenaeum's scores indicate strong management practices, the overall rating of three stars suggests that there is room for improvement. Continuous monitoring of program expenses and further enhancing community outreach could strengthen its performance in future evaluations. Overall, the Providence Athenaeum stands out for its robust governance and ethical practices within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Athenaeum legitimate?
Providence Athenaeum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Athenaeum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $151,616
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,393
For more financial information, click here
Official website here: www.providenceathenaeum.org
What is the mission statement of Providence Athenaeum?
The Providence Athenaeum serves as an independent, member-supported library and cultural center, established in 1836 and open to the public. Recognized as a not-for-profit organization in the 1970s, its primary aim is to cater to the needs of the entire community. The Athenaeum offers a wide array of services to a diverse public, attracting nearly 27,000 visitors annually, with over 2,200 individuals supporting it directly through membership and donations. Its collections, programming, and services are of great interest to local and national scientists, authors, educators, musicians, actors, poets, artists, and journalists from various backgrounds. By fulfilling the intentions of its founders, the Providence Athenaeum continues to function as a cultural institution that benefits the public.
Official website here: www.providenceathenaeum.org
Who is the CEO of Providence Athenaeum?
Matt Burriesci is the Director of Providence Athenaeum.
Official website here: www.providenceathenaeum.org
What is the revenue of Providence Athenaeum?
Providence Athenaeum's revenue in 2022 was $2,102,324.
Official website here: www.providenceathenaeum.org
Who are the executives of Providence Athenaeum and what are their salaries?
The average compensation at Providence Athenaeum during 2022 was $35,524. There are 21 employees at Providence Athenaeum.
Here are 22 key members and their salaries:
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- Compensation: $115,447
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- Other: $26,047
Official website here: www.providenceathenaeum.org
Where can I find the form 990 for Providence Athenaeum?
Providence Athenaeum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providenceathenaeum.org
Learn more at the official website: www.providenceathenaeum.org
Mission Statement of Providence Athenaeum
The Providence Athenaeum, established in 1836, serves as an independent, member-supported library and cultural center open to the public. With a mission deeply rooted in its founding principles, this organization obtained non-profit status in the 1970s. Today, it continues to honor its original intent by offering a wide array of services to a diverse public, attracting nearly 27,000 visitors in the 2021-22 period. More than 2,200 of these visitors contribute directly to the library through membership and donations.
The collections, programming, and services provided by the Providence Athenaeum are of significant interest to a broad spectrum of individuals, including local and national scientists, authors, educators, musicians, actors, poets, artists, and journalists from various backgrounds. By maintaining its ongoing dedication to the community, the Providence Athenaeum has established itself as a cultural institution that supports and nurtures intellectual growth and creativity, making it an invaluable resource for individuals seeking to enrich their lives through literature, art, and culture.
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Impact
July, 2024
Providence Athenaeum's impact is far-reaching and significant, serving as a vital cultural and educational hub in the community. With its vast collection of books and materials, the Athenaeum offers valuable resources to a diverse audience, including local and national scientists, authors, educators, musicians, actors, poets, artists, and journalists. This institution plays a key role in fostering a love for literature and learning, with services that cater to the general reader as well as those seeking more specialized information. Through its programming and services, Providence Athenaeum enriches the lives of its visitors and contributes to the intellectual growth and development of the community.
This information is meant to be a general summary of Providence Athenaeum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $411,083
- Program Service Revenue: $20,494
- Gross Receipts: $4,656,604
Assets and Liabilities:
- Total Assets: $13,863,990
- Total Liabilities: $108,860
- Net Assets: $13,755,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SPONSORSHIPS AND ATTENDAN
Revenue
$16,996
LIBRARY OPERATIONS
Revenue
$3,498
Organization Details
Founding Year
1836
Phone
(401) 421-6970Principal Officer
Matt Burriesci
Main Address
251 BENEFIT STREET, PROVIDENCE, RI, 02903
Website
www.providenceathenaeum.orgNTEE Category
Code: B71Z - Education
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