Overview
What is Preserve Rhode Island?
Preserve Rhode Island is a dedicated nonprofit organization situated in Providence, Rhode Island. With a team of ten dedicated individuals, their primary focus is to safeguard historic structures and distinctive sites within the state for future generations. They own and maintain four historic properties, placing them in active uses, ensuring regular upkeep, and undertaking necessary renovations. Additionally, they hold preservation easements on properties owned by others, providing oversight to ensure their upkeep. Beyond this, Preserve Rhode Island offers stewardship services to help other nonprofit organizations care for their historic properties. Their ultimate goal is to foster positive change, preserving diverse cultures, the environment, and the economy for the benefit of all Rhode Islanders.
Official website here: www.preserveri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Preserve Rhode Island has achieved a notable 96% rating from Charity Navigator, indicating a high level of accountability and financial management. The rating is derived solely from their performance in the Accountability & Finance beacon, showcasing their commitment to transparency and responsible stewardship of resources. This strong rating suggests that the organization is effectively managing its finances, which is critical for gaining donor trust and support.
The nonprofit boasts a fully independent board, scoring a perfect 8 out of 8 points for majority independent board members. The organization maintains a robust governance structure with a total of 22 independent members. Additionally, Preserve Rhode Island has established comprehensive oversight mechanisms, including an Audit and Oversight Committee, which contributes to its strong financial health and integrity.
Notably, the organization has a program expense ratio of 83.87%, indicating that a significant portion of its funds is directed towards its mission-related programs. There are no reported material diversions of assets, further underscoring its financial stability. Overall, while Preserve Rhode Island is excelling in accountability and finance, the data does not provide insight into its programmatic impact or community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Preserve Rhode Island legitimate?
Preserve Rhode Island is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preserve Rhode Island 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: $102,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,247
For more financial information, click here
Official website here: www.preserveri.org
What is the mission statement of Preserve Rhode Island?
Preserve Rhode Island's mission is centered around safeguarding historic structures and unique sites for the benefit of future generations. Their vision envisions a future where historic preservation acts as a catalyst for positive change, enhancing diverse cultures, the environment, and the economy in Rhode Island. The organization's mission involves protecting and activating historic sites for the advantage of all Rhode Islanders. They demonstrate this commitment by owning four properties, using them in active roles, and undertaking maintenance and capital investments to maintain their good condition. Additionally, Preserve Rhode Island manages seven preservation easements on properties owned by others, ensuring proper stewardship oversight. Furthermore, the organization offers stewardship services to help other nonprofit organizations manage historic properties effectively.
Official website here: www.preserveri.org
Who is the CEO of Preserve Rhode Island?
Valerie Talmage is the Trustee of Preserve Rhode Island.
Official website here: www.preserveri.org
What is the revenue of Preserve Rhode Island?
Preserve Rhode Island's revenue in 2022 was $737,487.
Official website here: www.preserveri.org
Who are the executives of Preserve Rhode Island and what are their salaries?
The average compensation at Preserve Rhode Island during 2022 was $46,387. There are 10 employees at Preserve Rhode Island.
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Official website here: www.preserveri.org
Where can I find the form 990 for Preserve Rhode Island?
Preserve Rhode Island's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preserveri.org
Learn more at the official website: www.preserveri.org
Mission Statement of Preserve Rhode Island
Preserve Rhode Island, a dedicated nonprofit organization, aims to safeguard historic structures and unique places for the benefit of future generations in Rhode Island. Their vision is one where historic preservation sparks positive change, enriching the diverse cultures, environment, and economy of the state for its residents, visitors, and workers. Their mission is more specific; it involves protecting and activating historic sites to serve the interest of all Rhode Islanders.
To achieve this, Preserve Rhode Island takes direct action by owning and managing four properties. These historic buildings, currently in use, demonstrate the ongoing contributions that historical buildings make to contemporary life. Through regular maintenance and capital investments, Preserve Rhode Island ensures these properties remain in good condition. Moreover, they hold preservation easements on seven properties owned by others, providing stewardship oversight to safeguard their condition.
Beyond its direct ownership, Preserve Rhode Island supports other nonprofit organizations in their mission to preserve historic properties. They offer stewardship services to help these organizations maintain and manage their historic properties effectively. By doing so, Preserve Rhode Island plays a crucial role in preserving Rhode Island's rich historical heritage for future generations to appreciate and learn from.
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Impact
July, 2024
Preserve Rhode Island's impact is felt through its dedication to protecting historic structures and unique places in Rhode Island for both current and future generations. Through stewardship efforts, Preserve RI owns four properties, showcasing the ongoing contributions of historic buildings in today's world by putting them to active uses and ensuring their maintenance and upkeep. Additionally, the organization holds seven preservation easements on properties owned by others, actively monitoring building conditions to provide oversight for preservation. By offering stewardship services to other organizations, Preserve Rhode Island also plays a crucial role in assisting with the care of historic properties, furthering its mission to protect and activate historic places for the benefit of all Rhode Islanders.
This information is meant to be a general summary of Preserve Rhode Island. 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: $50,620
- Program Service Revenue: $110,152
- Gross Receipts: $1,302,051
Assets and Liabilities:
- Total Assets: $11,732,452
- Total Liabilities: $387,039
- Net Assets: $11,345,413
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS AND FEES
Revenue
$110,152
Organization Details
Founding Year
1956
Phone
(401) 272-5101Principal Officer
Valerie Talmage
Main Address
957 NORTH MAIN STREET, PROVIDENCE, RI, 02904
Website
www.preserveri.orgNTEE Category
Code: A800 - Arts
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