2024-07-17T09:33:54-05:00 2023-09-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2022-10-01 237423032 THE PROVIDENCE FOUNDATION PROV 4015213248 30 EXCHANGE TERRACE PROVIDENCE RI 02903 CLIFF WOOD BOARD CHAIR 4015213248 2024-07-09 1 CLIFF WOOD 999009999 0 MICHAEL E CRISCIONE P01456801 4014214800 2024-07-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER MARSELLA 30 EXCHANGE TERRACE PROVIDENCE RI 02903 824379 0 X WWW.PROVFOUNDATION.COM X 1974 RI TO ADVANCE VISIONARY INITIATIVES IN DOWNTOWN PROVIDENCE. 26 25 5 0 0 0 997850 815474 0 0 646 1953 4766 6952 1003262 824379 0 0 0 0 574832 479574 0 0 0 448356 520670 1023188 1000244 -19926 -175865 626108 456216 21147 27120 604961 429096 X THE FOUNDATION ORIGINATES AND ADVOCATES POLICIES AND PROJECTS FOR THE DEVELOPMENT OF DOWNTOWN AND THE CITY OF PROVIDENCE. IT PLAYS A LEADERSHIP ROLE IN PLANNING FOR DOWNTOWN. ITS PRIMARY FOCUS IS TO CREATE AN ENVIRONMENT THAT IS CONDUCIVE TO ECONOMIC DEVELOPMENT AND SUSTAINED INVESTMENT IN DOWNTOWN AND THE CREATION OF A VIBRANT NEIGHBORHOOD. THE FOUNDATION IDENTIFIES AND ACTS UPON OPPORTUNITIES AND TARGETS PROJECTS AND POLICIES THAT HAVE A CATALYTIC EFFECT; AND COORDINATES PROJECTS AND GROUPS INVOLVED IN THE DOWNTOWN. THE FOUNDATION BRINGS PRIVATE SECTOR EXPERTISE TO THE DEVELOPMENT OF POLICIES, PLANS AND PROJECTS. THE FOUNDATION, WORKING WITH THE CITY, IS A GENERATOR AND KEEPER OF THE VISION FOR DOWNTOWN. 0 0 747292 6952 THE FOUNDATION OPERATES VARIOUS PROGRAMS AND LONG-TERM VISIONARY PROJECTS RELATIVE TO THE REVITALIZATION OF DOWNTOWN PROVIDENCE. SUCH PROGRAMS AND PROJECTS INCLUDE THE DOWNTOWN PROVIDENCE PARKS CONSERVANCY, WHICH WORKS TO ENHANCE PUBLIC SPACES, THE PROVIDENCE RESILIENCE PARTNERSHIP, WHICH SUPPORTS THE MOBILIZATION OF THE CITY'S DIVERSE COMMUNITIES TO COMBAT CLIMATE CHANGE, AND THE VITALITY PROGRAM, WHICH SEEKS TO GENERATE INTEREST IN DOWNTOWN AND CREATE A VIBRANT ENVIRONMENT THAT DRAWS VISITORS AND BUSINESSES TO DOWNTOWN PROVIDENCE. 747292 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X LINDA PASCOA 4015213248 30 EXCHANGE TERRACE PROVIDENCE RI 02903 CHRISTOPHER J MARSELLA CHAIR 1.00 X X 0 0 0 JOSEPH GREENE TREASURER 1.00 X X 0 0 0 BETHANY COSTELLO VICE-CHAIR 1.00 X X 0 0 0 GREG ALMEIDA SECRETARY 1.00 X X 0 0 0 CLIFF WOOD EXECUTIVE DIRECTOR 40.00 X X 150092 0 22848 JENNIFER BRAMLEY DIRECTOR 1.00 X 0 0 0 RUSSELL CAREY DIRECTOR 1.00 X 0 0 0 MICHELE LEDERBERG DIRECTOR 1.00 X 0 0 0 COURTNEY MCCARTHY DIRECTOR 1.00 X 0 0 0 DAVID ORTIZ DIRECTOR 1.00 X 0 0 0 ROBERT I STOLZMAN ESQ DIRECTOR 1.00 X 0 0 0 MATTHEW MARCELLO DIRECTOR 1.00 X 0 0 0 ARNOLD CHACE JR DIRECTOR 1.00 X 0 0 0 CHARLES MEYERS DIRECTOR 1.00 X 0 0 0 JOSEPH R PAOLINO JR DIRECTOR 1.00 X 0 0 0 PETER CRUMP DIRECTOR 1.00 X 0 0 0 BRADFORD DIMEO DIRECTOR 1.00 X 0 0 0 KAREN SANTILLI DIRECTOR 1.00 X 0 0 0 TONY SIMON DIRECTOR 1.00 X 0 0 0 DONALD ZAMBARANO DIRECTOR 1.00 X 0 0 0 RICHARD LAPPIN DIRECTOR 1.00 X 0 0 0 MICHAEL VOCCOLA DIRECTOR 1.00 X 0 0 0 STEPHEN DURKEE DIRECTOR 1.00 X 0 0 0 CHRISTINE MALECKI WEST DIRECTOR 1.00 X 0 0 0 CARRIE ZASLOW DIRECTOR 1.00 X 0 0 0 STEPHANIE FEDERICO DIRECTOR 1.00 X 0 0 0 150092 0 22848 1 0 1 0 0 169280 646194 815474 1953 1953 OTHER INCOME 900099 6952 6952 6952 824379 0 0 8905 X 188383 113030 75353 217083 171889 45194 14277 12639 1638 30002 20670 9332 29829 21854 7975 14750 7375 7375 60000 60000 176601 157851 18750 937 937 13806 5008 8798 16033 8023 8010 26 26 2603 782 1821 8768 4337 4431 HEALTHY & SAFE PROGRAMM 108099 108099 BURNSIDE PARK FUNCTIONS 52147 52147 MISCELLANEOUS 44602 44308 294 WATERPLACE PARK FUNCTIO 19280 19280 3018 3018 1000244 747292 252952 0 18036 26942 605055 420755 400 5902 2617 2617 23440 23440 0 0 626108 456216 21147 27120 21147 27120 X 275933 85460 329028 343636 604961 429096 626108 456216 -175865 0 X X 0 1 X 1 0 X 784340 544689 710657 997850 815474 3853010 784340 544689 710657 997850 815474 3853010 862024 2990986 4528 2844 1783 646 1953 11754 34841 11800 2650 4766 6952 61009 3925773 0.76190 0.82050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000244 1000244 175024 43756 0 0 119818 137653 177319 175024 609814 914721 4195 30000 60000 60000 154195 29955 34413 44330 43756 152454 228681 23440 23440 0 0 X 824379 0 824379 0 824379 1000244 0 1000244 0 1000244 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AS A NOT-FOR-PROFIT ENTITY, THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE FOUNDATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X 0 0 0 0 0 0 0 0 0 CLIFF WOOD EXECUTIVE DIRECTOR 150092 0 0 0 0 0 12403 0 10445 0 172940 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE KNOWN AS TRUSTEES. THE BOARD OF DIRECTORS ADVISES THE TRUSTEES UPON SUCH MATTERS AS MAY BE REFERRED TO THEM BY THE BOARD OF TRUSTEES FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO THE BY-LAWS, THE BOARD OF DIRECTORS OF THE FOUNDATION SHALL BE ELECTED BY THE BOARD OF TRUSTEES OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE FORM IS SUBMITTED TO THE OFFICERS AND THE AUDIT COMMITTEE OF THE FOUNDATION. IT IS AVAILABLE UPON REQUEST TO THE TRUSTEES OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY THAT IS CONTAINED IN THE BY-LAWS. IN SUMMARY, TRUSTEES MUST DISCLOSE ANY FINANCIAL INTEREST, OWNERSHIP INTEREST OR EMPLOYMENT INTEREST IN ANY CONTRACT OR TRANSACTION BEING CONSIDERED BY THE BOARD OF TRUSTEES OR A COMMITTEE THEREOF, AND SAID TRUSTEES SHALL NOT PARTICIPATE IN ANY DECISION WITH RESPECT TO SUCH CONTRACT OR OTHER TRANSACTIONS. THIS CONFLICT IS RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE PERFORMANCE AND COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED, ANNUALLY, BY THE BOARD OF DIRECTORS, INCLUDING THE CHAIR AND OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC CAN OBTAIN DOCUMENTATION UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT EXPENSE: PROGRAM SERVICE EXPENSES 157,851. MANAGEMENT AND GENERAL EXPENSES 18,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 176,601. PART XII, LINE 2C: THE FOUNDATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE GREATER PROVIDENCE CHAMBER OF COMMERCE 30 EXCHANGE TERRACE PROVIDENCE RI 02903 050203250 PROMOTE BUSINESSES THROUGH THE ORGANIZATION OF VARIOUS MEETINGS. RI 501(C)(6) LINE 7 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 THE GREATER PROVIDENCE CHAMBER OF COMMERCE K 16033 ACTUAL COST