Newport Festivals Foundation Inc
NEWPORT FESTIVAL FOUNDATION'S MISSION IS TO CREATE MOMENTS OF HOPE THROUGH THE POWER OF MUSIC AND COMMUNITY.
Key facts about Newport Festivals Foundation Inc
- EIN
- 27-4099544
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $26,656,308
Data from IRS Form 990-PF, 2024; updated September 2026.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.7M
+23.4% YoY
Revenue
$12.5M
+8.9% YoY
Net Investment Income
$425K
+4.7% YoY
Expenses
$11.9M
+15.4% YoY
About Newport Festivals Foundation Inc
Based on IRS filings
Newport Festivals Foundation Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in Manchesterbythesea, MA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $26.7M in total assets. Net investment income was $425K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,656,308 | $21,607,778 | $18,922,617 |
| Revenue | $12,529,562 | $11,504,009 | $11,611,114 |
| Expenses | $11,903,144 | $10,318,956 | $9,577,985 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $424,837 | $405,761 | $346,542 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bruce S Gordon | Board Member/Chairman | 1 | — |
| Nicholas L Pell | Board Member/Treasurer | 1 | — |
| Tim Albinson | Board Member | 1 | — |
| Nicole Bernard Dawes | Board Member | 1 | — |
| Patricia Blanchet | Board Member | 1 | — |
| Paula Boggs | Board Member | 1 | — |
| Richard M Cashin | Board Member | 1 | — |
| Michael Dorf | Board Member | 1 | — |
| Steven Gewirz | Board Member | 1 | — |
| Vikas Kapoor | Board Member | 1 | — |
| Roger Kass | Board Member | 1 | — |
| Jessica Kausen | Board Member | 1 | — |
| Jim Lanzone | Board Member | 1 | — |
| C Ronald Mackenzie | Board Member | 1 | — |
| Ron McCray | Board Member | 1 | — |
| Larry Miller | Board Member | 1 | — |
| Ward Mooney | Board Member | 1 | — |
| Albert Jay Sweet | Board Member/Executive Dir | 40 | $348,200 |
| William Vareika | Board Member | 1 | — |
| Kira Karbocus | Chief Operating OFFICER(FORMER) | 40 | $189,861 |
| Christopher Capotosto | Chief Creative Officer | 40 | $174,939 |
| Jennifer Rieber | Event Director | 40 | $148,801 |
| William Glassner | Partnership Director & Arc | 40 | $109,003 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Newport Festivals Foundation Inc?
Newport Festivals Foundation Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in Manchesterbythesea, MA. It holds $26.7M in total assets as of 2024.
How large is Newport Festivals Foundation Inc?
As of 2024, Newport Festivals Foundation Inc holds $26.7M in total assets with $12.5M in annual revenue.
Where does Newport Festivals Foundation Inc operate?
Newport Festivals Foundation Inc has awarded grants in Illinois, Louisiana, New York, Tennessee.
What is Newport Festivals Foundation Inc's EIN?
Newport Festivals Foundation Inc's EIN (Employer Identification Number) is 27-4099544. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.