Newport Restoration Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050317816 ✦ Newport, RI ✦ Designated as a 501(c)(3)

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Overview

What is Newport Restoration Foundation?

The Newport Restoration Foundation, based at 51 Touro Street, Newport, Rhode Island 02840, is a dedicated nonprofit organization. Its primary mission involves promoting and investing in the heritage of the Newport community, traditional building trades, and the fine and decorative arts collection of Doris Duke. By doing so, the foundation aims to provide enjoyment, education, and inspiration to all. As a public museum, it showcases an array of artifacts spanning from 15th-century tapestries to 20th-century fashion, which serves as a testament to its commitment to preserving and showcasing historical artistry. The foundation employs a team of 68 individuals, further underscoring its dedication to this mission.


Official website here: www.newportrestoration.org

What do the Facebook reviews say about Newport Restoration Foundation?

96% of reviewers on Facebook recommend the Newport Restoration Foundation. Here is a summary of their reviews:

Many visitors express their admiration for the organization, highlighting the "wonderful tours" offered and the charm of the locations managed by the foundation. The remarkable quality of the historical sites has left a lasting impression on guests, with several descriptions referring to the venues as "exquisite."

Overall, the sentiment surrounding the Newport Restoration Foundation is very positive, with commenters emphasizing the engaging and educational experiences provided through their tours. This suggests that the foundation effectively fulfills its mission to promote and preserve the rich history of Newport.


This AI summary has been generated from reviews found on Facebook.

Is Newport Restoration Foundation legitimate?

Newport Restoration Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport Restoration Foundation 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: $403,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,854,688

For more financial information, click here


Official website here: www.newportrestoration.org

What is the mission statement of Newport Restoration Foundation?

The Newport Restoration Foundation's mission is to preserve and invest in the cultural heritage of a community, traditional building trades, and Doris Duke's fine and decorative arts and collections. This is done with the aim of providing enjoyment, education, and inspiration for all. The foundation promotes these aspects to foster appreciation and understanding. The Newport Restoration Foundation manages Rough Point, a public museum, showcasing art pieces ranging from 15th century tapestries to 20th century fashion.


Official website here: www.newportrestoration.org

Who is the CEO of Newport Restoration Foundation?

Franklin Vagnone is the President (To 12/22) of Newport Restoration Foundation.


Official website here: www.newportrestoration.org

What is the revenue of Newport Restoration Foundation?

Newport Restoration Foundation's revenue in 2022 was $9,303,139.


Official website here: www.newportrestoration.org

Who are the executives of Newport Restoration Foundation and what are their salaries?

The average compensation at Newport Restoration Foundation during 2022 was $33,208. There are 68 employees at Newport Restoration Foundation.


Here are 11 key members and their salaries:


James Ross (President (To 12/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr M Therese Antone (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Franklin Vagnone (President (As Of 7/22))
  • Compensation: $205,934
  • Related: $0
  • Other: $11,382
Mikel Folcarelli (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edith Mcbean (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Marshall (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amelia Amy Berkowitz (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Thompson (Executive Director (To 5/31/22))
  • Compensation: $116,389
  • Related: $0
  • Other: $9,745
Amy Elizabeth Winsor (Chief Operating Officer)
  • Compensation: $137,143
  • Related: $0
  • Other: $15,739
Erik Greenberg (Director Of Museums)
  • Compensation: $118,118
  • Related: $0
  • Other: $21,902
Alyssa Lozupone (Director Of Preservation)
  • Compensation: $102,182
  • Related: $0
  • Other: $11,248


Official website here: www.newportrestoration.org

Where can I find the form 990 for Newport Restoration Foundation?

Newport Restoration Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.newportrestoration.org

Learn more at the official website: www.newportrestoration.org

Mission Statement of Newport Restoration Foundation

The Newport Restoration Foundation, in its mission, aims to preserve and foster the heritage of the Newport community, traditional building trades, and Doris Duke's fine and decorative arts and collections. This nonprofit organization strives to provide enjoyment, education, and inspiration for all, embracing a broad spectrum of audiences. One of its notable endeavors is the maintenance of Rough Point, a public museum that showcases a diverse array of fine and decorative arts, spanning from 15th-century tapestries to 20th-century fashion. Through its efforts, the Newport Restoration Foundation plays a pivotal role in safeguarding and celebrating the rich cultural heritage of its field.

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Impact




July, 2024

Newport Restoration Foundation's impact can be seen in its promotion and investment in the heritage of the Newport community, the traditional building trades, and Doris Duke's fine and decorative arts and collections. Through initiatives like Rough Point, a museum open to the public showcasing fine and decorative arts from various centuries, NRF provides enjoyment, education, and inspiration to all visitors. The foundation's focus on preserving and sharing cultural heritage enriches the community and contributes to the appreciation and understanding of history and art.




This information is meant to be a general summary of Newport Restoration Foundation. 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.

Revenue
$9,303,139 (2022)
Expenses
$6,267,610 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $203,688
  • Program Service Revenue: $2,809,502
  • Gross Receipts: $9,437,181

Assets and Liabilities:

  • Total Assets: $39,101,709
  • Total Liabilities: $1,331,863
  • Net Assets: $37,769,846

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$2,486,696

ADMISSIONS

Revenue

$305,011

PROGRAM INCOME

Revenue

$17,795

Organization Details

Founding Year

1969

Principal Officer

Franklin Vagnone

Main Address

51 TOURO STREET, NEWPORT, RI, 02840

NTEE Category

Code: T20 - Philanthropy

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