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EIN 23-7423032

The Providence Foundation

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Providence
State
Rhode Island
Year formed
1974
Most recent tax filings
2022-09-01
NTEE code, primary
S30: Economic Development
Description
The Providence Foundation advances visionary initiatives in downtown Providence and originates policies and projects for the development of the city. It plays a leadership role in planning and focuses on creating an environment conducive to economic development. The Foundation operates programs and long-term visionary projects, including the Downtown Providence Parks Conservancy, which enhances public spaces, and the Providence Revolving Fund, which restores historic buildings.
Related structure
The Providence Foundation is a subordinate organization under Greater Providence Chamber of Commerce (GPCC).
Total revenues
$1,003,262
2022
Total expenses
$1,023,188
2022
Total assets
$626,108
2022
Num. employees
5
2022

Program areas at The Providence Foundation

The Foundation operates various programs and long-term visionary projects relative to The revitalization of downtown Providence. Such programs and projects include The downtown Providence parks conservancy, which works to enhance public spaces, The Providence resilience partnership, which supports The mobilization of The city's diverse communities to combat climate change, and The vitality program, which seeks to generate interest in downtown and create a vibrant environment that draws visitors and businesses to downtown Providence.

Who funds The Providence Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$155,000
Central Park ConservancyProgram Support$25,000
Textron Charitable Trust DTD 122353General Support To Civic Agency$13,630
...and 1 more grant received

Personnel at The Providence Foundation

NameTitleCompensation
Cliff WoodExecutive Director$145,627
Greg AlmeidaSecretary$0
Christopher J MarsellaChair$0
Bethany CostelloVice - Chair$0
Joseph GreeneTreasurer$0
...and 3 more key personnel

Financials for The Providence Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$997,850
Program services$0
Investment income and dividends$646
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,766
Total revenues$1,003,262

Form 990s for The Providence Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-03990View PDF
2021-092022-07-18990View PDF
2020-092021-06-01990View PDF
2019-092020-09-01990View PDF
2018-092019-05-14990View PDF
...and 8 more Form 990s
Data update history
September 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 24, 2023
Updated personnel
Identified 3 new personnel
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Received grants
Identified 3 new grant, including a grant for $25,000 from Central Park Conservancy
May 6, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingGala fundraisersTax deductible donations
General information
Address
30 Exchange Terrace
Providence, RI 02903
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Website URL
provfoundation.com/ 
Phone
(401) 521-3248
IRS details
EIN
23-7423032
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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