Overview
What is Rhode Island Arts Foundation At Newport?
Rhode Island Arts Foundation at Newport, formerly known as the Newport Music Festival, is a nonprofit organization located in Newport, Rhode Island. With a team of seven dedicated individuals, the foundation's mission is to celebrate classical music as a living art form, offering unforgettable experiences through exceptional concerts in intimate and historic venues. In the fall of 2021, the organization underwent a rebranding, changing its name to Newport Classical. This transformation brought about year-round programming, including a chamber series from September to June, held in a new year-round concert venue and office space, the Recital Hall at Emmanuel Church. Furthermore, the foundation launched a free community concerts series and in-school music education and engagement programs. The organization continues to host its annual music festival for three weeks each July.
Official website here: www.newportmusic.org
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates that the Rhode Island Arts Foundation At Newport has earned a Three-Star out of Four Star rating, primarily based on its accountability and finance practices. This score reflects a solid commitment to maintaining transparency and good governance, with key strengths in board independence and financial oversight.
The organization has demonstrated effective governance, highlighted by its majority of independent board members and a strong audit and oversight committee. These factors contribute positively to its accountability score, showcasing a structured approach to financial management and ethical practices, such as having conflict of interest and whistleblower policies in place.
However, the foundation's program expense ratio stands out as an area needing improvement, with only 56.45% of its expenses allocated to programs. While the financial health indicators, such as a low liability-to-assets ratio, suggest stability, the relatively low percentage of funds directed toward programs may raise questions about the impact of its expenditures on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Rhode Island Arts Foundation At Newport legitimate?
Rhode Island Arts Foundation At Newport is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island Arts Foundation At Newport 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: $154,373
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,474
For more financial information, click here
Official website here: www.newportmusic.org
What is the mission statement of Rhode Island Arts Foundation At Newport?
The Rhode Island Arts Foundation at Newport, aiming to provide memorable life experiences, achieves this through showcasing world-class artistry in unique and historic venues. At its core, the foundation celebrates classical music as a living art form, showcasing it in intimate and historic locations through inspiring concerts. Recently, the organization underwent a renaming, transitioning from the Newport Music Festival to Newport Classical, and expanded its offerings with year-round programming. This includes a chamber series from September to June in a newly established year-round concert venue and office space, known as the Recital Hall at Emmanuel Church. Furthermore, the foundation launched a free community concerts series and in-school music education and engagement programming, in addition to the annual three-week music festival held every July.
Official website here: www.newportmusic.org
Who is the CEO of Rhode Island Arts Foundation At Newport?
Suzanna Laramee is the Treasurer of Rhode Island Arts Foundation At Newport.
Official website here: www.newportmusic.org
What is the revenue of Rhode Island Arts Foundation At Newport?
Rhode Island Arts Foundation At Newport's revenue in 2022 was $2,161,875.
Official website here: www.newportmusic.org
Who are the executives of Rhode Island Arts Foundation At Newport and what are their salaries?
The average compensation at Rhode Island Arts Foundation At Newport during 2022 was $61,407. There are 7 employees and 75 volunteers at Rhode Island Arts Foundation At Newport.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $139,347
- Related: $0
- Other: $15,025
Official website here: www.newportmusic.org
Where can I find the form 990 for Rhode Island Arts Foundation At Newport?
Rhode Island Arts Foundation At Newport's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newportmusic.org
Learn more at the official website: www.newportmusic.org
Mission Statement of Rhode Island Arts Foundation At Newport
The Rhode Island Arts Foundation At Newport, with a focus on world-class artistry, aims to provide unforgettable life experiences in unique and historic venues. At its core, this organization celebrates classical music as a living art form, offering captivating concerts in intimate and historical settings. In the autumn of 2021, the organization underwent a transformation, renaming itself as Newport Classical, and expanded its programming beyond its traditional music festival, which takes place for three weeks every July. As part of this evolution, the foundation launched a year-round concert series in a new venue, the Recital Hall at Emmanuel Church, and introduced a free community concert series, as well as in-school music education and engagement programs. These initiatives aim to make classical music more accessible and engaging for a wider audience, inspiring both new and existing music lovers to appreciate this timeless art form in a fresh and intimate setting.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Rhode Island Arts Foundation At Newport, now known as Newport Classical, has had a significant impact on the cultural landscape of Newport, Rhode Island, and beyond. By organizing world-class concerts in unique and historic venues, the organization has inspired memorable life experiences for audiences. With the introduction of year-round programming, including chamber series and free community concerts, Newport Classical has expanded its reach and made classical music more accessible to the community.
Furthermore, the organization's in-school music education and engagement programming have helped foster a deeper appreciation for classical music among students. By celebrating classical music as a living art form, Newport Classical is not only preserving a rich cultural tradition but also ensuring its continued relevance and vitality for future generations.
This information is meant to be a general summary of Rhode Island Arts Foundation At Newport. 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: $4,865
- Program Service Revenue: $398,641
- Gross Receipts: $2,161,875
Assets and Liabilities:
- Total Assets: $1,958,551
- Total Liabilities: $81,775
- Net Assets: $1,876,776
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$398,641
Organization Details
Founding Year
1968
Phone
(401) 846-1133Principal Officer
Suzanna Laramee
Main Address
PO BOX 3303, NEWPORT, RI, 02840
Website
www.newportmusic.orgNTEE Category
Code: A68 - Arts
If you are a representative of Rhode Island Arts Foundation At Newport and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.