Newport Festivals Foundation Inc
NEWPORT FESTIVAL FOUNDATION'S MISSION IS TO CREATE MOMENTS OF HOPE THROUGH THE POWER OF MUSIC AND COMMUNITY.
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 | — | — | — |
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 .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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