The Providence Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237423032 ✦ Providence, RI ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Cliff Wood (Executive Director)
  • Compensation: $145,627
  • Related: $0
  • Other: $22,999

    • Christopher J Marsella (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Greene (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bethany Costello (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Almeida (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Bramley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russell Carey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Lederberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Courtney Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Ortiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert I Stolzman Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Marcello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arnold Chace Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Meyers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph R Paolino Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Crump (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bradford Dimeo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Santilli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Simon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Zambarano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Lappin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Voccola (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Durkee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christine Malecki West (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carrie Zaslow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.provfoundation.com

    Where can I find the form 990 for The Providence Foundation?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Providence Foundation is a key player in advancing visionary initiatives in downtown Providence. Through various programs and long-term projects, the foundation actively works towards the revitalization of downtown Providence. Their initiatives include the Downtown Providence Parks Conservancy, which aims to enhance public spaces, the Providence Resilience Partnership, supporting communities to combat climate change, and the Vitality Program, which seeks to create a vibrant environment attracting visitors and businesses to downtown Providence. The foundation's primary focus is on economic development, sustained investment, and the creation of a lively neighborhood in downtown Providence. Through strategic planning and collaboration, the Providence Foundation serves as a catalyst for positive change in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $646
  • Program Service Revenue: $0
  • Gross Receipts: $1,003,262

    • Assets and Liabilities:
  • Total Assets: $626,108
  • Total Liabilities: $21,147
  • Net Assets: $604,961
  • Organization Details

    Founding Year

    1974

    Principal Officer

    Cliff Wood

    Main Address

    30 EXCHANGE TERRACE, PROVIDENCE, RI, 02903

    NTEE 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.