Newport Festivals Foundation Inc
Newport festival foundation's mission is to create moments of hope through the power of music and community.
Newport Festivals Foundation Inc at a glance
In short: Newport Festivals Foundation Inc gave $20K across 1 grant in 2025 (avg $20K), mostly in Rhode Island. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $20,000
- Grants made (2025)
- 1
- Average grant
- $20,000
- Median grant
- $20,000
- Total assets
- $28,878,923
- +8.3% vs 2024
- Primary geography
- Rhode Island (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Newport Festivals Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Boys & Girls Club of Newport County ($20K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2025) to $45K (2020). In 2025 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Newport County Newport, RI | To supports revovations at boys & girls club of Newport county | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $28,878,923 | $12,957,064 | $12,972,120 | $20,000 | 1 | $386,957 |
| 2024 | $26,656,308 | $12,529,562 | $11,903,144 | — | — | $424,837 |
| 2023 | $21,607,778 | $11,504,009 | $10,318,956 | — | — | $405,761 |
| 2022 | $18,922,617 | $11,611,114 | $9,577,985 | — | — | $346,542 |
| 2021 | $20,080,911 | $11,132,304 | $7,335,714 | — | — | $580,277 |
| 2020 | $15,287,633 | $4,708,778 | $2,716,671 | $44,818 | 8 | $1,789,850 |
| 2019 | $12,945,922 | $8,009,887 | $7,365,048 | — | — | $160,382 |
About Newport Festivals Foundation Inc
Based on IRS filings
Newport Festivals Foundation Inc is a public charity focused on Arts, Culture & Humanities, based in Manchesterbythesea, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $28.9M in total assets. In 2025, it awarded 1 grant totaling $20K. Net investment income was $387K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Newport Festivals Foundation Inc is led by Albert Jay Sweet, Board Member & Executive Director since 2020 (on filings since 2019); 5 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Albert Jay Sweet
Board Member & Executive Director
Board Member & Executive Program → Board Member & Executive Director, 2020
On filings since 2019
40 hrs/week
$382K (2019) → $348K (2025)
Bruce S. Gordon
Board Member & Chairman
Board Member & President → Board Member & Chairman, 2021
On filings since 2019
1 hr/week
No compensation reported
Christopher Capotosto
Producer & Creative Director
Chief Creative Officer → Producer & Creative Director, 2025
On filings since 2019
40 hrs/week
$150K (2019) → $175K (2025)
Debra Girard
Director of Business Operations
Director of Ticketing & Administrator → Director of Ticketing, 2021
Director of Ticketing → Director of Business Operations, 2025
On filings since 2019
40 hrs/week
$101K (2019) → $0 (2025)
William Glassner
Partnership Director & Arc
Partnership Director & Archivist → Partnership Director & Arc, 2021
On filings since 2020
40 hrs/week
$34K (2020) → $109K (2025)
Jennifer Rieber
Event Director
On filings since 2024
40 hrs/week
$149K (2024) → $149K (2025)
Dan Swain
Director of Development & Programs
New on the 2025 filing
40 hrs/week
No compensation reported
Kira Karbocus
Chief Operating Officer Fo
Chief Operating Officer → Chief Operating Officer Fo, 2025
On filings since 2022
40 hrs/week
$211K (2022) → $190K (2025)
Jim Lanzone
Board Member
On filings since 2019
1 hr/week
No compensation reported
Michael Dorf
Board Member
On filings since 2019
1 hr/week
No compensation reported
Nicholas L. Pell
Board Member & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Patricia Blanchet
Board Member
On filings since 2019
1 hr/week
No compensation reported
Richard M. Cashin
Board Member
On filings since 2019
1 hr/week
No compensation reported
Roger Kass
Board Member
On filings since 2019
1 hr/week
No compensation reported
Tim Albinson
Board Member
On filings since 2019
1 hr/week
No compensation reported
Vikas Kapoor
Board Member
On filings since 2019
1 hr/week
No compensation reported
Ward Mooney
Board Member
On filings since 2019
1 hr/week
No compensation reported
William Vareika
Board Member
On filings since 2019
1 hr/week
No compensation reported
Larry Miller
Board Member
On filings since 2021
1 hr/week
No compensation reported
Nicole Bernard Dawes
Board Member
On filings since 2021
1 hr/week
No compensation reported
Ron McCray
Board Member
On filings since 2021
1 hr/week
No compensation reported
Steven Gewirz
Board Member
On filings since 2021
1 hr/week
No compensation reported
Anthony Lewis
Board Member
On filings since 2022
1 hr/week
No compensation reported
Patrick Kerins
Board Member
On filings since 2022
1 hr/week
No compensation reported
Paula Boggs
Board Member
On filings since 2023
1 hr/week
No compensation reported
Dan Gilbane
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Jessica Kausen Byrnes
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (16)
- Former: C. Ronald Mackenzie (2019–2024) — Board Member
- Former: Jessica Kausen (2021–2024) — Board Member
- Former: Leyla Ertegun (2019–2022) — Board Member
- Former: Thomas Busard (2019–2022) — Board Member
- Former: Deborah Ross (2019–2021) — Director of Education
- Former: George Wein (2019–2021) — Board Member & Former Chairman
- Former: Jerome A. Chazen (2019–2021) — Board Member
- Former: Jonathan Nelson (2019–2021) — Board Member
- Former: Kira Favro (2019–2021) — Chief Financial Officer
- Former: David Berger (2021) — Board Member
- Former: Bruce Trauner (2019–2020) — Board Member
- Former: James Bildner (2019–2020) — Board Member
- Former: Jeff Bowlby (2019–2020) — Board Member
- Former: John Hailer (2019–2020) — Board Member
- Former: Christian McBride (2019) — Artistic Director
- Former: Meg Helsel (2019) — Publicity Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $348K, to Albert Jay Sweet (Board Member/Executive DIR). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Newport Festivals Foundation Inc
How much does Newport Festivals Foundation Inc give each year?
Newport Festivals Foundation Inc gave $20K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Newport Festivals Foundation Inc?
Newport Festivals Foundation Inc reported $28.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $13.0M.
What is Newport Festivals Foundation Inc?
Newport Festivals Foundation Inc is a public charity focused on Arts, Culture & Humanities, based in Manchesterbythesea, MA. It holds $28.9M in total assets as of 2025.
Where does Newport Festivals Foundation Inc operate?
Newport Festivals Foundation Inc has awarded grants in Colorado, Illinois, Louisiana, New York, Rhode Island, 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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 16, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Newport Festivals Foundation Inc funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
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Browse active grant opportunities in Newport Festivals Foundation Inc's focus areas in our free grants database
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Newport Festivals Foundation Inc down — hundreds of funders to go?