Preserve Rhode Island

Organization Overview

Preserve Rhode Island is located in Providence, RI. The organization was established in 1966. 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 12/2021, Preserve Rhode Island employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preserve Rhode Island 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 12/2020, Preserve Rhode Island generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $3.6m during the year ending 12/2020. While expenses have increased by 26.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROTECT HISTORIC STRUCTURES AND UNIQUE PLACES IN RI FOR CURRENT AND FUTURE GENERATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STEWARDSHIP: PRESERVE RI OWNS FOUR PROPERTIES, DEMONSTRATING THE CONTINUING CONTRIBUTIONS THAT HISTORIC BUILDINGS MAKE TODAY, PLACING THEM IN ACTIVE USES AND UNDERTAKING MAINTENANCE AND CAPITAL INVESTMENTS TO KEEP THEM IN GOOD REPAIR. PRESERVE RI NOW HOLDS SEVEN PRESERVATION EASEMENTS ON PROPERTIES OWNED BY OTHERS, AND MONITORS BUILDING CONDITIONS TO PROVIDE STEWARDSHIP OVERSIGHT. PRESERVE RI HELPS OTHER NONPROFIT ORGANIZATIONS TAKE CARE OF HISTORIC PROPERTIES BY OFFERING STEWARDSHIP SERVICES.


DIRECT PRESERVATION: PRESERVE RI TAKES DIRECT ACTION TO PROTECT AND ENHANCE HISTORIC PLACES THROUGH ITS REVOLVING FUND PROGRAM, BY ACQUIRING EASEMENTS, AND BY COLLABORATING ON SPECIAL PROJECTS SUCH AS THE AQUIDNECK STONEWALL INITIATIVE AND THE SCENIC THIRD BEACH PROJECT. IN 2021 PRESERVE RI TOOK ON ITS MOST AMBITIOUS REVOLVING FUND PROJECT TO DATE AT THE C 1696 VALENTINE WHITMAN HOUSE IN LINCOLN, RI.


ENGAGE: PRESERVE RI MOTIVATES PEOPLE TO CONNECT WITH HISTORIC PLACES AND MAKES THE CASE FOR SAFEGUARDING RHODE ISLAND'S HISTORIC PLACES. PRESERVE RI IS A LEADING VOICE FOR HISTORIC PRESERVATION, HELPING PEOPLE PRESERVE THE PLACES THAT MATTER TO THEM THROUGH OUR COMMUNITY PRESERVATION RESPONSE PROGRAM. PRESERVE RI CELEBRATES PEOPLE AND PROJECTS THAT EXEMPLIFY THE BEST OF HISTORIC PRESERVATION. MUSEUM PROGRAMMING AT LIPPITT HOUSE MUSEUM CONNECTS DIVERSE COMMUNITIES AND WHILE FACILITATING OTHER PRESERVATION PROGRAMS IN COLLABORATION WITH OTHER GROUPS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$11,452
Fundraising events$43,831
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,152,129
Noncash contributions included in lines 1a–1f $302,971
Total Revenue from Contributions, Gifts, Grants & Similar$4,207,412
Total Program Service Revenue$31,081
Investment income $102,077
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $66,853
Net Gain/Loss on Asset Sales $58,585
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,482,092

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Preserve Rhode Island has recieved totaling $10,000.

Awarding OrganizationAmount
The Hpb Foundation

Dallas, TX

PURPOSE: JEREMIAH DEXTER HOUSE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,754,805
Earnings$1,147,474
Net Contributions$15,000
Other Expense$315,264
Ending Balance$8,602,015

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