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 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $159k
- Bonus
- —
- Other
- —
- Benefits
- $23k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director (until 6/30/24) 75th to 90th percentile | $159k | — | — | $23k | $182k $203k |
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.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 5%
from 2022
From $173k in 2022 to $182k in 2023.
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.
Chief Executive Officer pay rose 5% from 2022 to 2023, while revenue fell 36%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
THE PROVIDENCE FOUNDATION reported revenue and expenses across 2 filing years.
Common questions about THE PROVIDENCE FOUNDATION
What does the Chief Executive Officer of THE PROVIDENCE FOUNDATION earn?
In 2023, the Chief Executive Officer of THE PROVIDENCE FOUNDATION received $181,940 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at THE PROVIDENCE FOUNDATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at THE PROVIDENCE FOUNDATION falls between the 75th and 90th percentiles.
What are THE PROVIDENCE FOUNDATION's revenue and expenses?
In 2023, THE PROVIDENCE FOUNDATION reported $528k in total revenue and $729k in total expenses on its IRS Form 990.
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