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Preservation Society of Newport County

Public charity990-T FY2023
DBA: COUNTY
Other · NEWPORT, RI · EIN 05-0252708

About

The preservation society of newport county's mission is to protect, preserve, and present an exceptional collection of house museums and landscapes in one of the most historically intact cities in america. We hold in public trust the newport mansions, which are an integral part of the living fabric of newport, rhode island. These sites exemplify three centuries of the finest achievements in american architecture, decorative arts, and landscape design spanning the colonial ERA to the gilded AGE. Through our historic properties, educational programs, and related activities we engage the public in the story of america's vibrant cultural heritage. We seek to inspire and promote an appreciation of the value of preservation to enrich the lives of people everywhere.

DBA County

Donations are tax-deductible
Category
Other
Employees
285
Volunteers
368

Financial Snapshot

FY ending 2024-03-31
Revenue
$33.7M
Expenses
$32.5M
Assets
$90.9M
Liabilities
$5.6M

Financial history

$33.7M$16.9M$0
161718192021222324
RevenueExpenses
Latest FY2024: $33.7M · Avg: $27.0M

Foreign activity (Schedule F)

Total spent abroad$3.6M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$40K
Grants Given
PRESERVATION SOCIETY OF NEWPORT COUNTY
Your actions

Address

424 Bellevue AVE
Newport, RI, 02840-692

Governance

Voting board members26
Independent members26
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %26.1%
Permanent endowment %73.9%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Net to org-$366K
Retained by contractors$366K
ChannelsMail · Phone · Email · Grant solicitation
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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