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Filing year 2023

THE PROVIDENCE FOUNDATION

Providence, Rhode Island·EIN 23-7423032·3
Total revenue
$528k
Total assets
$242k
Total expenses
$729k
Reported officers
26
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Executive Director (until 6/30/24)
$182k
$203k
Base
$159k
Bonus
Other
Benefits
$23k
Deputy Director
officer (unspecified)
$70k
$79k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 24 unpaid individuals.

Up 5%
from 2022

From $173k in 2022 to $182k in 2023.

$173k
2022
$182k
2023
In today's dollarsEst.
Up 2% in real terms$200k to $203k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE PROVIDENCE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$824k
$1M
2022
$528k
$729k
2023
Total revenue and total expenses from IRS Form 990 filings.
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