Overview
What is The Providence Foundation?
The Providence Foundation is a nonprofit organization based in Providence, Rhode Island, specifically at 30 Exchange Terrace. Their primary focus is on advancing visionary initiatives in downtown Providence. They originate and advocate for policies and projects aimed at the development of the downtown area and the city as a whole, playing a significant role in planning for the area. Their primary goal is to create an environment conducive to economic development, sustained investment, and the establishment of a vibrant neighborhood in downtown Providence. They identify and act upon opportunities, target projects and policies with a catalytic effect, and coordinate projects and groups involved in the downtown. The foundation brings private sector expertise to the development of policies, plans, and projects, collaborating with the city to uphold the vision for downtown. The organization operates various programs and long-term visionary projects, such as the Downtown Providence Parks Conservancy, which enhances public spaces, and the Providence Resilience Partnership, which supports the city's communities in combating climate change. Maximum word count: 120
Official website here: www.provfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Providence Foundation has achieved a remarkable 96% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is reflective of its strong commitment to transparency, as evidenced by the foundation's independent board comprising entirely of independent members and the presence of essential policies like conflict of interest and whistleblower protections.
The foundation excels in financial management, showcasing a low liabilities-to-assets ratio of 5.94% and a program expense ratio of 75.22%, which means a significant portion of its expenses directly supports its programs. Such metrics indicate a well-structured organization that prioritizes its mission and effective resource allocation.
While the foundation demonstrates robust accountability measures and financial health, the high score is solely derived from its financial metrics. This suggests that while financial practices are commendable, further insights into programmatic impact and community engagement could provide a more comprehensive view of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Providence Foundation?
100% of 5 reviewers on Facebook recommend The Providence Foundation. Here is a summary of their reviews:
The Providence Foundation is praised for its significant contributions to improving downtown Providence, making it a more vibrant place. Reviewers express gratitude for the foundation's impactful initiatives, highlighting its role in fostering community growth and enhancement.
Overall, sentiments towards The Providence Foundation are overwhelmingly positive, reflecting a strong appreciation for its efforts and the positive changes it has brought to the local area.
This AI summary has been generated from reviews found on Facebook.
Is The Providence Foundation legitimate?
The Providence Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Providence 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: $189,189
Professional Fundraising Fees: $0
Other Salaries and Wages: $292,070
For more financial information, click here
Official website here: www.provfoundation.com
What is the mission statement of The Providence Foundation?
The Providence Foundation's mission is to spearhead innovative initiatives for the enhancement of downtown areas. It advocates for policies and projects that promote the development of the downtown and the city at large. The foundation plays a significant role in the planning process, focusing on creating an environment that encourages economic growth and sustained investment. The organization identifies and pursues opportunities, targeting projects and policies with a catalytic impact. It coordinates projects and groups involved in downtown development, leveraging private sector expertise to shape policies, plans, and projects. Working collaboratively with the city, The Providence Foundation serves as a visionary force for the future development of downtown.
Official website here: www.provfoundation.com
Who is the CEO of The Providence Foundation?
Cliff Wood is the Chair of The Providence Foundation.
Official website here: www.provfoundation.com
What is the revenue of The Providence Foundation?
The Providence Foundation's revenue in 2022 was $1,003,262.
Official website here: www.provfoundation.com
Who are the executives of The Providence Foundation and what are their salaries?
The average compensation at The Providence Foundation during 2022 was $96,252. There are 5 employees at The Providence Foundation.
Here are 25 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: $145,627
- Related: $0
- Other: $22,999
- 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: $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
Official website here: www.provfoundation.com
Where can I find the form 990 for The Providence Foundation?
The Providence Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.provfoundation.com
Learn more at the official website: www.provfoundation.com
Mission Statement of The Providence Foundation
The Providence Foundation, a distinguished organization, is dedicated to propelling visionary initiatives in downtown areas. Its primary mission is to originate and advocate for policies and projects that contribute to the development of downtown and the city as a whole. The foundation serves as a leader in planning for downtown, with a primary focus on creating an environment that fosters economic development and sustained investment. By identifying and acting upon opportunities, The Providence Foundation targets projects and policies that have a catalytic effect, coordinating efforts among various groups involved in downtown development. The organization brings its private sector expertise to the development of policies, plans, and projects, acting as a generator and guardian of the vision for downtown.
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
October, 2024
The Providence Foundation significantly contributes to the revitalization and enhancement of downtown Providence through various visionary initiatives. By operating programs like the Downtown Providence Parks Conservancy, the foundation focuses on improving public spaces, fostering community engagement, and promoting environmental sustainability through the Providence Resilience Partnership, which mobilizes diverse communities to combat climate change.
Additionally, the Vitality Program aims to attract visitors and businesses, creating a vibrant urban atmosphere conducive to economic development. The foundation plays a leadership role in planning and policy advocacy, identifying opportunities that generate catalytic effects for the downtown area. By coordinating projects and leveraging private sector expertise, the foundation ensures that the vision for downtown Providence is not only maintained but actively realized, leading to sustained investment and development that enhances the quality of life for residents and visitors alike.
This information is meant to be a general summary of The Providence 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $646
- Gross Receipts: $1,003,262
Assets and Liabilities:
- Total Assets: $626,108
- Total Liabilities: $21,147
- Net Assets: $604,961
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1974
Phone
(401) 521-3248Principal Officer
Cliff Wood
Main Address
30 EXCHANGE TERRACE, PROVIDENCE, RI, 02903
Website
www.provfoundation.comNTEE Category
Code: S30 - Community improvement
If you are a representative of The Providence Foundation 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.