Preservation Society Of Newport County

Organization Overview

Preservation Society Of Newport County is located in Newport, RI. The organization was established in 1947. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Preservation Society Of Newport County employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Society Of Newport County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Preservation Society Of Newport County generated $27.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $17.8m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROTECT, PRESERVE, AND PRESENT AN EXCEPTIONAL COLLECTION OF HOUSE MUSEUMS AND LANDSCAPES.

Describe the Organization's Program Activity:

THE PRESERVATION SOCIETY OF NEWPORT COUNTRY PRESERVES ELEVEN HISTORIC MANSIONS, INCLUDING SEVEN NATIONAL HISTORIC LANDMARKS AND EIGHTY ACRES OF PARKS, GARDENS AND GROUNDS, REPRESENTING MORE THAN 250 YEARS OF SOCIAL AND ARCHITECTURAL HISTORY. DURING THE YEAR, VISITORS TOOK REGULARLY-SCHEDULED TOURS OF THE SOCIETY'S PROPERTIES TO LEARN ABOUT THE BUILDINGS AND THE MEN AND WOMEN WHO GAVE RISE TO THESE SPECIAL PLACES. IN ADDITION TO GENERAL TOURS, THE PRESERVATION SOCIETY OFFERS MANY LEARNING OPPORTUNITIES, DESIGNED TO PRESENT ITS HOUSES AND COLLECTIONS TO A BROAD AND DIVERSE AUDIENCE IN AS MANY INTERESTING AND ENLIGHTENING WAYS AS POSSIBLE. THESE PROGRAMS INCLUDE INTERNATIONAL SYMPOSIA AND FORUMS, STUDY DAYS, LECTURES, WORKSHOPS, FILMS, TOURS, AND THE OPPORTUNITY FOR VISITORS TO EXPERIENCE THE TYPE OF GRAND ENTERTAINING FOR WHICH THEY WERE BUILT. EDUCATIONAL PROGRAMS ARE OFFERED YEAR-ROUND.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Apollo Roofing & Sheet Metal Llc
Roofing Contractor
$469,855
Grande Masonry
Masonry Contractor
$834,702
Rp Marzilli & Company Inc
Landscape Contractor
$385,450
Bartlett Tree Experts
Arborists
$226,360
Russell Morin Catering & Events
Catering Services
$195,792
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$974,320
Fundraising events$37,779
Related organizations$0
Government grants $2,202,704
All other contributions, gifts, grants, and similar amounts not included above$7,657,414
Noncash contributions included in lines 1a–1f $436,166
Total Revenue from Contributions, Gifts, Grants & Similar$10,872,217
Total Program Service Revenue$10,361,151
Investment income $455,060
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,000
Net Gain/Loss on Asset Sales $4,675,420
Net Income from Fundraising Events $12,006
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,474,973
Miscellaneous Revenue$0
Total Revenue $27,874,827

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Preservation Society Of Newport County has recieved totaling $2,000.

Awarding OrganizationAmount
Oshaughnessy Family Foundation

Uxbridge, MA

PURPOSE: TO ENABLE DONEE TO CONTINUE ITS EXEMPT PURPOSE

$1,000
Reamer Family Foundation

Boston, MA

PURPOSE: PROGRAM SUPPORT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$53,235,908
Earnings$3,069,830
Admin Expense$153,293
Net Contributions$40,000
Other Expense$1,828,895
Ending Balance$54,363,550

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