Providence Athenaeum

Organization Overview

Providence Athenaeum is located in Providence, RI. The organization was established in 1973. As of 06/2021, Providence Athenaeum employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Athenaeum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Providence Athenaeum generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PROVIDENCE ATHENAEUM IS AN INDEPENDENT MEMBER-SUPPORTED LIBRARY AND CULTURAL CENTER, FOUNDED IN 1836 AND OPEN TO THE PUBLIC. HAVING ALWAYS BEEN ORGANIZED AS A CULTURAL INSTITUTION FOR THE BENEFIT OF THE ENTIRE COMMUNITY, THE ATHENAEUM OBTAINED RECOGNITION AS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION IN THE 1970S. TODAY IT CONTINUES TO FULFILL THE INTENTION OF ITS FOUNDERS BY OFFERING A BROAD RANGE OF SERVICES TO A DIVERSE PUBLIC, WITH NEARLY 16,000 VISITORS IN 2020-21, MORE THAN 1,000 OF WHOM SUPPORT THE LIBRARY DIRECTLY THROUGH MEMBERSHIP AND DONATIONS. THE COLLECTIONS, PROGRAMMING AND THE SERVICES WE PROVIDE ARE OF PRIMARY INTEREST TO LOCAL AS WELL AS NATIONAL SCIENTISTS, AUTHORS, EDUCATORS, MUSICIANS, ACTORS, POETS, ARTISTS, AND JOURNALISTS FROM ALL WALKS OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CIRCULATING LIBRARY: THE PROVIDENCE ATHENAEUM HAS ALWAYS BEEN DEDICATED TO SERVING THE GENERAL READER AND PUBLIC. THE LIBRARY HOUSES SOME 175,000 BOOKS, INCLUDING CONTEMPORARY TITLES AND MATERIALS ON CD AND DVD. THE ATHENAEUM SELECTS THE BEST PUBLISHED LITERATURE, FICTION AND NON-FICTION AVAILABLE EACH YEAR IN A VARIETY OF SUBJECTS FOR THE INFORMED READER. OUR COLLECTIONS ARE ACCESSIBLE ONSITE AND THROUGH AN AUTOMATED CATALOGING SYSTEM, AND A CONTINUALLY UPDATED WEBSITE. DURING FISCAL YEAR 2020-21, WE ADDED 1,489 ITEMS, CIRCULATED 20,339 ITEMS,ANSWERED 71 REFERENCE QUESTIONS AND CONDUCTED 21 RESEARCH APPOINTMENTS.


PUBLIC PROGRAMS: THE PROVIDENCE ATHENAEUM OFFERS YEAR-ROUND CHILDREN'S PROGRAMS, INCLUDING STORY HOURS, ARTS AND CRAFTS, AND SEASONAL EVENTS. ADULTS ALSO ENJOY A VARIETY OF LIVELY PROGRAMS SUCH AS POETRY READINGS, LECTURES ON TRAVEL, CONTEMPORARY ISSUES AND THE ARTS. DURING FISCAL YEAR 2020-21, WE HOSTED 12 CHILDREN'S EVENTS WITH 205 ATTENDING,151 ADULT PROGRAMS WITH 9,645 ATTENDING AND CURATED 2 EXHIBITS AND 50 TOURS.


HISTORIC PRESERVATION OF COLLECTIONS AND BUILDING: THE ATHENAEUM'S COLLECTIONS AND HISTORIC BUILDING ARE MAINTAINED IN THE SPIRIT OF ITS FOUNDERS IN ORDER TO ENRICH THE LIVES OF ALL WHO ENTER ITS GRANITE WALLS. THE ATHENAEUM, KNOWN BY ITS HANDSOME GREEK REVIVAL BUILDING, MAINTAINS SPECIAL COLLECTIONS THAT ARE VALUABLE AND RARE. OUR COLLECTIONS HIGHLIGHT THE STRENGTHS OF THE PROVIDENCE ATHENAEUM AND ITS ANTECEDENTS SINCE 1753, IN DOCUMENTING THE HISTORY OF THE BOOK AND BOOK CULTURE IN PROVIDENCE DURING THE 18TH AND 19TH CENTURIES. THE BUILDING & GROUNDS COMMITTEE, A BOARD COMMITTEE OVERSEES THE BUILDING, FURNISHINGS, AND GROUNDS OF THE PROVIDENCE ATHENAEUM, PRIORITIZES THE NEED FOR ELECTIVE REPAIRS OR CHANGES AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON HOW TO PROCEED.


CIRCULATING LIBRARY: THE PROVIDENCE ATHENAEUM HAS ALWAYS BEEN DEDICATED TO SERVING THE GENERAL READER AND PUBLIC. THE LIBRARY HOUSES SOME 175,000 BOOKS, INCLUDING CONTEMPORARY TITLES AND MATERIALS ON CD AND DVD. THE ATHENAEUM SELECTS THE BEST PUBLISHED LITERATURE, FICTION AND NON-FICTION AVAILABLE EACH YEAR IN A VARIETY OF SUBJECTS FOR THE INFORMED READER. OUR COLLECTIONS ARE ACCESSIBLE ONSITE AND THROUGH AN AUTOMATED CATALOGING SYSTEM, AND A CONTINUALLY UPDATED WEBSITE. DURING FISCAL YEAR 2020-21, WE ADDED 1,489 ITEMS, CIRCULATED 20,339 ITEMS,ANSWERED 71 REFERENCE QUESTIONS AND CONDUCTED 21 RESEARCH APPOINTMENTS.


PUBLIC PROGRAMS: THE PROVIDENCE ATHENAEUM OFFERS YEAR-ROUND CHILDREN'S PROGRAMS, INCLUDING STORY HOURS, ARTS AND CRAFTS, AND SEASONAL EVENTS. ADULTS ALSO ENJOY A VARIETY OF LIVELY PROGRAMS SUCH AS POETRY READINGS, LECTURES ON TRAVEL, CONTEMPORARY ISSUES AND THE ARTS. DURING FISCAL YEAR 2020-21, WE HOSTED 12 CHILDREN'S EVENTS WITH 205 ATTENDING,151 ADULT PROGRAMS WITH 9,645 ATTENDING AND CURATED 2 EXHIBITS AND 50 TOURS.


HISTORIC PRESERVATION OF COLLECTIONS AND BUILDING: THE ATHENAEUM'S COLLECTIONS AND HISTORIC BUILDING ARE MAINTAINED IN THE SPIRIT OF ITS FOUNDERS IN ORDER TO ENRICH THE LIVES OF ALL WHO ENTER ITS GRANITE WALLS. THE ATHENAEUM, KNOWN BY ITS HANDSOME GREEK REVIVAL BUILDING, MAINTAINS SPECIAL COLLECTIONS THAT ARE VALUABLE AND RARE. OUR COLLECTIONS HIGHLIGHT THE STRENGTHS OF THE PROVIDENCE ATHENAEUM AND ITS ANTECEDENTS SINCE 1753, IN DOCUMENTING THE HISTORY OF THE BOOK AND BOOK CULTURE IN PROVIDENCE DURING THE 18TH AND 19TH CENTURIES. THE BUILDING & GROUNDS COMMITTEE, A BOARD COMMITTEE OVERSEES THE BUILDING, FURNISHINGS, AND GROUNDS OF THE PROVIDENCE ATHENAEUM, PRIORITIZES THE NEED FOR ELECTIVE REPAIRS OR CHANGES AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON HOW TO PROCEED.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$180,565
Fundraising events$17,928
Related organizations$0
Government grants $4,896
All other contributions, gifts, grants, and similar amounts not included above$946,887
Noncash contributions included in lines 1a–1f $45,992
Total Revenue from Contributions, Gifts, Grants & Similar$1,150,276
Total Program Service Revenue$22,022
Investment income $188,760
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,400
Net Gain/Loss on Asset Sales $595,205
Net Income from Fundraising Events -$2,871
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,203,845

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Providence Athenaeum has recieved totaling $500.

Awarding OrganizationAmount
Robert Cummings Family Foundation

Providence, RI

PURPOSE: TO SUPPORT CHARITABLE MISSION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,858,109
Earnings$2,831,276
Net Contributions$1,075
Other Expense$523,772
Ending Balance$13,166,688

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