2025-08-15T10:22:40-05:00 2024-09-30 050392605 MULLEN SCORPIO & CERILLI 67 CEDAR STREET PROVIDENCE RI 02903 990 2023-10-01 237423032 THE PROVIDENCE FOUNDATION PROV 4015213248 30 EXCHANGE TERRACE PROVIDENCE RI 02903 CHRISTOPHER MARSELLA BOARD CHAIR 4015213248 2025-08-15 1 0 ANTHONY W SCORPIO P01360145 4017513860 2025-08-14 2023 2025-03-06 01:10:19Z CHRISTOPHER MARSELLA 30 EXCHANGE TERRACE PROVIDENCE RI 02903 528174 0 X WWW.PROVFOUNDATION.COM X 1974 RI TO ADVISE VISIONARY INITIATIVES IN DOWNTOWN PROVIDENCE. 26 24 5 0 2068 0 815474 524956 0 0 1953 2068 6952 1150 824379 528174 0 0 0 0 479574 292795 0 0 0 520670 436028 1000244 728823 -175865 -200649 456216 242413 27120 13966 429096 228447 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 TARGES PROJECTS AND POLICIES THAT HAVE A CATALYTIC EFECT; 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 488267 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 INTERSEST IN DOWNTOWN AND CREATE A VIBRANT ENVIRONMENT THAT DRAWS VISITORS AND BUSINESS TO DOWNDOWN PROVIDENCE. 488267 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 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 3 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 24 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI X LINDA PASCOA 4015213248 30 EXCHANGE TERRACE PROVIDENCE RI 02903 CHRISTOPHER MARSELLA CHAIR 1.00 X X 0 0 0 BETHANY COSTELLO VICE CHAIR 1.00 X X 0 0 0 ROBERT STOLZMAN TREASURER 1.00 X X 0 0 0 GREG ALMIEDA SECRETARY 1.00 X X 0 0 0 RUSSEL CAREY BOARD MEMBER 1.00 X 0 0 0 ARNOLD CHASE BOARD MEMBER 1.00 X 0 0 0 DAVID CICILLINE BOARD MEMBER 1.00 X 0 0 0 MARC CRISAFULLI BOARD MEMBER 1.00 X 0 0 0 PETER CRUMP BOARD MEMBER 1.00 X 0 0 0 BRAD DIMEO BOARD MEMBER 1.00 X 0 0 0 STEPHEN DURKEE BOARD MEMBER 1.00 X 0 0 0 JOSEPH GREENE BOARD MEMBER 1.00 X 0 0 0 RICHARD LAPPIN BOARD MEMBER 1.00 X 0 0 0 ROBIN MAIN BOARD MEMBER 1.00 X 0 0 0 CHARLES MEYERS BOARD MEMBER 1.00 X 0 0 0 DAVID ORTIZ BOARD MEMBER 1.00 X 0 0 0 JOSEPH R PAOLINO JR BOARD MEMBER 1.00 X 0 0 0 TIMOTHY QUIRK BOARD MEMBER 1.00 X 0 0 0 TONY SIMON BOARD MEMBER 1.00 X 0 0 0 MICHAEL VOCOLLA BOARD MEMBER 1.00 X 0 0 0 MICHELLE WILCOX BOARD MEMBER 1.00 X 0 0 0 DONALD ZAMBARANO BOARD MEMBER 1.00 X 0 0 0 CARRIE ZASLOW BOARD MEMBER 1.00 X 0 0 0 NICK FREEMON DEPUTY DIRECTOR 1.00 X X 57430 0 12957 DAVID SALVATORE EXECUTIVE DIRECTOR (AFTER 6/30/24) 40.00 X 0 0 0 CLIFFORD WOOD EXECUTIVE DIRECTOR (UNTIL 6/30/24) 40.00 X 159092 0 22848 216522 0 35805 1 0 1 0 0 393490 131466 524956 2068 2068 OTHER 999999 1150 1150 1150 528174 1150 2068 0 X 227453 145366 82087 49441 31780 17661 15901 10303 5598 23580 7500 16080 60000 60000 24805 5248 19557 9911 51 9860 13271 2003 11268 312 312 7639 7639 PLACEMAKING FUNDS 153921 153921 BURNSIDE PARK FUNCTIONS 107449 107449 HEALTHY AND SAFE PROGRA 24600 24600 TELEPHONE 3879 3879 6661 46 6615 728823 488267 240556 0 26942 18844 420755 220952 5902 0 2617 2617 23440 23440 0 0 456216 242413 27120 13966 27120 13966 X 85460 154348 343636 74099 429096 228447 456216 242413 -200649 0 X X 1 X 0 1 0 X 544689 710657 997850 815474 524956 3593626 544689 710657 997850 815474 524956 3593626 885664 2707962 2844 1783 646 1953 2068 9294 11800 2650 4766 6952 1150 27318 3630238 0.74590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 728823 788823 143323 35831 0 0 137653 177319 175024 143323 633319 949979 30000 60000 60000 60000 210000 34413 44330 43756 35831 158330 237495 23440 23440 0 0 X PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 50L(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 CLIFFORD WOOD EXECUTIVE DIRECTOR (UNTIL 6/30/24) 159092 0 0 0 0 0 0 0 22848 0 181940 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 15 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 24E MEETINGS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,139. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,139. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 46. MANAGEMENT AND GENERAL EXPENSES 1,580. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,626. PRINTING AND SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 877. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 877. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 827. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 827. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 189. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 189. AUTO: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE GREATER PROVIDENCE CHAMBER OF COMMERCE 30 EXCHANGE TERRACE PROVIDENCE RI 02903 050203250 PROMOTE BUSINESS 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 17538 ACTUAL COST