Overview
What is Newport Festivals Foundation Inc?
Newport Festivals Foundation Inc, based in Saratoga Springs, New York, is a dedicated nonprofit organization with a mission to preserve and celebrate jazz and folk music. Established with the goal of presenting a wide range of music from past, present, and future, the foundation is responsible for organizing the renowned Newport Jazz Festival and Newport Folk Festival. In 2022, they celebrated the 63rd anniversary of the Newport Folk Festival at Fort Adams State Park, featuring over 60 artists across three stages and creating significant historic moments. The organization boasts a team of 307 individuals, working tirelessly to enrich their community through music education and promotion.
Official website here: www.newportfestivalsfoundation.org
What are the reviews and ratings of this charity?
Newport Festivals Foundation Inc has received a three-star rating from Charity Navigator, with a score of 88%. This rating reflects the organization's strong accountability and financial health, indicating effective management of resources. The rating is based solely on accountability and finance, with other categories like impact and community involvement not evaluated.
The organization's strengths include a high program expense ratio of 84.26%, demonstrating that the majority of its funds are directed towards its programs rather than administrative costs. The board governance also scores highly, with a fully independent board and effective audit and oversight practices. However, some governance policies are missing, such as a whistleblower policy and document retention procedures, which could impact overall transparency.
There are no user reviews available from GreatNonprofits for Newport Festivals Foundation Inc, therefore, public sentiment from this source is not captured in this summary. The absence of user reviews makes it challenging to evaluate the community's perception or firsthand experiences with the organization's services.
This AI summary has been generated from information found on Charity Navigator.
Is Newport Festivals Foundation Inc legitimate?
Newport Festivals Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport Festivals Foundation Inc 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: $990,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,073,713
For more financial information, click here
Official website here: www.newportfestivalsfoundation.org
What is the mission statement of Newport Festivals Foundation Inc?
The Newport Festivals Foundation's mission is centered around preserving both the Newport Jazz Festival and the Newport Folk Festival. Their objective is to showcase various forms of jazz and folk music, spanning from the past, present, and future. They also strive to promote, encourage, and educate the community about the rich history and evolution of folk and jazz music. In 2022, the Newport Folk Festival celebrated its 63rd anniversary, featuring numerous artists, three main stages, and creating new historic moments. Notably, Joni Mitchell made a surprising return to the stage after a 20-year absence during the festival.
Official website here: www.newportfestivalsfoundation.org
Who is the CEO of Newport Festivals Foundation Inc?
Bruce Gordon is the Principal Officer of Newport Festivals Foundation Inc.
Official website here: www.newportfestivalsfoundation.org
What is the revenue of Newport Festivals Foundation Inc?
Newport Festivals Foundation Inc's revenue in 2022 was $11,611,114.
Official website here: www.newportfestivalsfoundation.org
Who are the executives of Newport Festivals Foundation Inc and what are their salaries?
The average compensation at Newport Festivals Foundation Inc during 2022 was $6,724. There are 307 employees and 187 volunteers at Newport Festivals Foundation Inc.
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Official website here: www.newportfestivalsfoundation.org
Where can I find the form 990 for Newport Festivals Foundation Inc?
Newport Festivals Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newportfestivalsfoundation.org
Learn more at the official website: www.newportfestivalsfoundation.org
Mission Statement of Newport Festivals Foundation Inc
Newport Festivals Foundation Inc, with a mission-driven approach, is committed to preserving both the Newport Jazz Festival and the Newport Folk Festival. Their primary goal is to showcase various forms of jazz and folk music, ranging from the past, present, to the future. They strive to promote and educate the community about these musical genres, fostering a deep appreciation for their rich heritage.
During their annual festivals, Newport Festivals Foundation Inc brings together a diverse array of artists, creating a unique blend of sounds and styles. In 2022, they celebrated the 63rd anniversary of the Newport Folk Festival, hosting it at Fort Adams State Park from July 24-26. The event featured multiple stages, showcasing over 60 artists, and provided numerous historic moments. One such moment was the surprise return of Joni Mitchell to the stage after a 20-year absence, adding to the festival's allure and legacy.
Through these festivals, Newport Festivals Foundation Inc not only celebrates the timeless beauty of jazz and folk music but also contributes to their ongoing evolution. By presenting these genres in a contemporary context, they inspire a new generation of music lovers and artists, ensuring the continuation of these cherished musical traditions.
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Impact
October, 2024
Newport Festivals Foundation Inc has a significant impact on the cultural landscape by maintaining the Newport Jazz Festival and Newport Folk Festival, two storied events that celebrate the rich traditions of jazz and folk music. The organization plays a crucial role in presenting diverse musical performances, showcasing both legendary artists and emerging talent.
In 2022, the Newport Folk Festival marked its 63rd anniversary, drawing in large crowds to Fort Adams State Park for a memorable weekend of music. The festival featured three main stages and over 60 artists, emphasizing the vitality and evolution of folk music. A historic moment was highlighted by Joni Mitchell’s surprise performance after a 20-year hiatus, captivating the audience and adding to the festival's allure.
Beyond entertainment, the foundation is dedicated to educating and promoting the significance of jazz and folk music within the community. Through its initiatives, the organization fosters an appreciation for these genres, ensuring that they thrive for future generations. By creating memorable experiences and lasting moments in music history, Newport Festivals Foundation Inc contributes to the preservation and celebration of vital cultural expressions.
This information is meant to be a general summary of Newport Festivals Foundation Inc. 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: $346,542
- Program Service Revenue: $7,611,580
- Gross Receipts: $14,158,690
Assets and Liabilities:
- Total Assets: $18,922,617
- Total Liabilities: $821,577
- Net Assets: $18,101,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOLK FESTIVAL
Revenue
$4,520,045
JAZZ FESTIVAL
Revenue
$2,798,392
SPECIAL EVENTS
Revenue
$293,143
Organization Details
Founding Year
2010
Phone
(978) 768-7664Principal Officer
Bruce Gordon
Main Address
230 NELSON AVENUE, SARATOGA SPRINGS, NY, 12866
NTEE Category
Code: A68 - Arts
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