NonprofitsNewport Restoration Foundation

Newport Restoration Foundation

NEWPORT, RI

Total revenue

$4.6M

Total expenses

$7.1M

Net assets

$36.8M

Grants received

$3.7M

31 grants

EIN

050317816

Tax year

2024

Mission

Nrf promotes and invests in the heritage of the newport community, the traditional building trades, and doris duke's fine and decorative arts and collections, for the enjoyment, education and inspiration to all.

Programs

3 programs

The foundation owns, preserves, and maintains approximately 70 18th and 19th century buildings, predominantly in newport. All but one of the houses are rented to residential and commercial tenant stewards. The vernon house is one of the most significant buildings in newport, currently hosting contemporary dialogue, community engagement, and a preservation learning lab for the historic trades initiative.

Expenses: $2.7M

Whitehorne house was a museum, displaying 18th century newport furniture and related decorative arts. This collection is now housed as an exhibition in rough point. The building is open by appointment only, as the foundation researches the history of the house to better inform the properties future.

Expenses: $107K

Prescott farm features a collection of historic buildings and a walking trail. It functions as a public park and is open daily from dawn to dusk for public enjoyment.

Expenses: $78K

Financials

FY 2024

Revenue

Contributions & grants$342K
Program service revenue$3.4M
Investment income$745K
Other revenue$123K
Total revenue$4.6M

Expenses

Grants paid
Salaries & benefits$3.2M
Fundraising
Other expenses$4.0M
Total expenses$7.1M
Total assets$38.4M
Net assets$36.8M

People

10 listed

NameRoleCompensation

FRANKLIN VAGNONE

PRESIDENT/ EXECUTIVE DIRECTOR (TO 8/24)

Board

$349K

0.4 hrs/wk

AMY ELIZABETH WINSOR

CHIEF OPERATING OFFICER & FINANCE DIRECTOR

Board

$156K

40 hrs/wk

C HUGH HILDESLEY

VICE CHAIR/VICE PRESIDENT (AS OF 4/24)

Board

0.2 hrs/wk

DR M THERESE ANTONE

TREASURER

Board

0.2 hrs/wk

MIKEL FOLCARELLI

SECRETARY

Board

0.2 hrs/wk

EDITH MCBEAN

MEMBER AT LARGE

Board

0.2 hrs/wk

PHILIP MARSHALL

MEMBER AT LARGE (TO 12/24)

Board

0.2 hrs/wk

AMELIA AMY BERKOWITZ

BOARD CHAIR/PRESIDENT (AS 4/24)

Board

0.2 hrs/wk

JAMES ROSS

BOARD CHAIR/PRESIDENT (TO 4/24)

Board

0.4 hrs/wk

ALYSSA LOZUPONE

DIRECTOR OF PRESERVATION

Staff

$120K

40 hrs/wk

Independent contractors

LIGHTHOUSE REMODELING

ROOF

$247K

MAQUETTE FINE ART SERVICES LLC

STORAGE

$175K

Grants received

Showing 31 of 31

FromAmountPurposeYear
$30K
18TH ANNUAL DORIS DUKE HISTORIC PRESERVATION AWARDS IN HONOR OF HOPE H VAN BEUREN
2024
$25K
TO SUPPORT THE 18TH ANNUAL DORIS DUKE HISTORIC PRESERVATION AWARDS
2024
$10K
ENVIRONMENT & ANIMAL PROTECTION
2024
$8K
RESTORATION GRANT
2024
$500
PRESERVE HISTORY OF NEWPORT COUNTY
2024
$250
OPERATING EXPENSES
2024
$3.1M
TO SPONSOR THE DORIS DUKE PRESERVATION AWARDS
2023
$50K
TO SPONSOR THE DORIS DUKE PRESERVATION AWARDS
2023
$15K
"UPSKILL TRAINING PROGRAM" AIMED AT INCREASING PRESERVATION SKILLS IN THE COMMUNITY
2023
$1K
GENERAL SUPPORT
2023
$30K
PRESERVATION TRADES SPECIALIST TRAINING PROGRAM
2022
$25K
GENERAL OPERATING
2022
$10K
GENERAL SUPPORT
2022
$1K
TO SUPPORT PROGRAM SERVICES.
2022
$13K
For grant recipient's exempt purposes
2021
$13K
For grant recipient's exempt purposes
2021
$5K
GENERAL SUPPORT
2021
$150K
TO SUPPORT THE NEWPORT RESTORATION FOUNDATION TRADES APPRENTICESHIP/INTERNSHIP PROGRAM
2020
$16K
GENERAL SUPPORT
2020
$6K
For grant recipient's exempt purposes
2020
$3K
DORIS DUKE HISTORIC PRESERVATION AWARDS
2020
$200
GENERAL SUPPORT
2020
$6K
NEWPORT RESTORATION FOUNDATION - COVID-19 EMERGENCY RELIEF REQUEST
2019
$250
GENERAL SUPPORT
2018

Funded by

$3.7M from 16 funders · 31 grants · 2018–2024

Doris Duke Charitable Foundation Inc

$3.3M · 4 grants · 2020–2024

T Rowe Price Program For Charitable

$120K · 5 grants · 2020–2024

Van Beuren Charitable Foundation Inc

$101K · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$32K · 3 grants · 2020–2021

1772 Foundation Inc

$30K · 1 grant · 2022

Felicia Fund Inc

$17K · 2 grants · 2020–2023

Doris Duke Management Foundation

$15K · 2 grants · 2021–2022

Details

EIN050317816
Subsection03
Ruling date1969-06
Formed1969
Employees66
Volunteers18
NEWPORT RESTORATION FOUNDATION — Mission, Financials & Grants Received | Grantivo