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Newport Festivals Foundation Inc

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

EIN: 274099544 ✦ Saratoga springs, NY ✦ Designated as a 501(c)(3)

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

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.

Here 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.

Here are 26 key members and their salaries:

    Albert Jay Sweet (Board Member/Executive Dir) [Trustee/Director]
  • Compensation: $402,700
  • Related: $0
  • Other: $0

    • Kira Karbocus (Chief Operating Officer)
  • Compensation: $210,509
  • Related: $0
  • Other: $0

    • Christopher Capotosto (Chief Creative Officer)
  • Compensation: $176,967
  • Related: $0
  • Other: $0

    • William Glassner (Partnership Director & Arc)
  • Compensation: $104,637
  • Related: $0
  • Other: $0

    • Debra Girard (Director Of Ticketing & Ad)
  • Compensation: $95,616
  • Related: $0
  • Other: $0

    • Bruce S Gordon (Board Member/Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas L Pell (Board Member/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Albinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Bernard Dawes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Blanchet (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Busard (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard M Cashin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Dorf (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leyla Ertegun (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Gewirz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vikas Kapoor (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Kass (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Kausen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Kerins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Lanzone (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Lewis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • C Ronald Mackenzie (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roc Mccray (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Miller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ward Mooney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Vareika (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newportfestivalsfoundation.org

    Where can I find the form 990 for Newport Festivals Foundation Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Newport Festivals Foundation Inc's impact can be seen in its commitment to maintaining the iconic Newport Jazz Festival and Newport Folk Festival. In 2022, the Newport Folk Festival celebrated its 63rd anniversary at Fort Adams State Park from July 24-26. The festival featured three main stages, showcased over 60 artists, and created new historic moments for attendees. Notably, Joni Mitchell made a surprise return to the stage after 20 years during the festival. The foundation's mission to present all forms of jazz and folk music, past and present, and to educate the community about these genres shines through its festival events, bringing together music lovers and artists in celebration of artistic expression.





    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: $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
  • 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

    Principal Officer

    Bruce Gordon

    Main Address

    230 NELSON AVENUE, SARATOGA SPRINGS, NY, 12866

    NTEE Category

    Code: A68 - Arts

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