Providence Preservation Society is located in Providence, RI. The organization was established in 1958. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Providence Preservation Society employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Preservation Society 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 12/2021, Providence Preservation Society generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $781.5k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 1956, THE PROVIDENCE PRESERVATION SOCIETY HAS WORKED TO IMPROVE PROVIDENCE BY ADVOCATING FOR HISTORIC PRESERVATION AND THE ENHANCEMENT OF THE CITY'S UNIQUE CHARACTER THROUGH THOUGHTFUL DESIGN AND PLANNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVIDENCE PRESERVATION SOCIETY IS THE LARGEST CITYWIDE ADVOCACY ORGANIZATION IN RHODE ISLAND, WITH APPROXIMATELY 500 MEMBER-HOUSEHOLDS. TO BE EFFECTIVE ADVOCATES, WE ENGAGE THE PUBLIC THROUGHOUT THE YEAR IN EDUCATIONAL PROGRAMS THAT FORM THE UNDERPINNING FOR THE COMMUNITY'S UNDERSTANDING AND APPRECIATION FOR HISTORIC PLACES AS WELL AS HIGH-QUALITY URBAN ENVIRONMENTS. IN 2021, OUR PUBLIC ENGAGEMENT PROGRAMS SERVED MORE THAN 3,500 PEOPLE. WE ENGAGE MANY ADDITIONAL PEOPLE THROUGH PRINT AND ELECTRONIC MEDIA, AND BY PARTICIPATING IN OTHER ORGANIZATIONS' PROGRAMS.
THE PPS'S PLANNING AND ARCHITECTURAL REVIEW COMMITTEE MEETS MONTHLY TO CONDUCT INDEPENDENT PROJECT REVIEW OF MAJOR AND MINOR PROPOSED DEVELOPMENTS. IN MOST CASES, THESE ARE DEVELOPMENTS FOR NEW BUILDINGS, ALTHOUGH SOME INCLUDE CHANGES TO HISTORIC BUILDINGS. MAJOR REVIEWS ARE CONTINUING ON PROPOSED DEVELOPMENTS IN THE I-195 DESIGN AND INNOVATION DISTRICT. WE WERE SUCCESSFUL IN CREATING THE FIRST NEW CONTIGUOUS LOCAL HISTORIC DISTRICT ON THE EAST SIDE. IT INCLUDES PORTIONS OF THREE NATIONAL REGISTER DISTRICTS.BEYOND REVIEWING INDIVIDUAL PROJECTS, PPS ADVOCATES FOR GOOD CITYWIDE AND STATEWIDE PUBLIC POLICIES, SUCH AS HISTORIC TAX CREDITS, DEMOLITION, AND ZONING CODES. WE ALSO CONSULT WITH INDIVIDUAL PROPERTY OWNERS ON AN AD HOC BASIS, HELPING SHAPE THE CITY IN WAYS THAT ARE RARELY PUBLICIZED. MOST OF THE EXPENSES RELATED TO ADVOCACY ARE FOR RESEARCH ON POLICY TOPICS, MONITORING ISSUES AND APPEARING AT PUBLIC HEARINGS. ADVOCACY PROGRAM SERVICES IMPACT THE ENTIRE CITY OF PROVIDENCE WHICH HAS A POPULATION OF APPROXIMATELY 190,000.
THROUGH ITS HISTORIC PROPERTY MARKER PROGRAM, PPS RECOGNIZES BUILDINGS IN THE CITY OF PROVIDENCE THAT CONTRIBUTE IN A POSITIVE WAY THE APPRECIATION AND UNDERSTANDING OF PROVIDENCE'S UNIQUE ARCHITECTURAL, HISTORICAL AND CULTURAL HERITAGE. THERE ARE MORE THAN 1,550 PROPERTY MARKERS ON BUILDINGS THROUGHOUT THE CITY OF PROVIDENCE, EACH MOUNTED ON BUILDINGS IN A WAY THAT ALLOWS PUBLIC VIEWING.
PPS IS THE OWNER OF TWO COLONIAL-ERA BUILDINGS AND AN EARLY TWENTIETH CENTURY GARDEN. WE UTILIZE BEST PRACTICES IN HISTORIC PRESERVATION STEWARDSHIP. WE ARE WORKING ON A REHABILITATION PROJECT TO MAKE THE OLD BRICK SCHOOL HOUSE FULLY ACCESSIBLE AND CODE COMPLIANT, WHILE ADDRESSING STRUCTURAL, HVAC, AND SYSTEMS ISSUES. IN 2021, WE GRADUATED ANOTHER COHORT OF WINDOW AND WORKFORCE TRAINING PROGRAM PARTICIPANTS. THEY PARTICIPATED IN A FIVE-WEEK COMPENSATED TRAINING PROGRAM IN WHICH THEY LEARNED ABOUT HISTORIC PRESERVATION AND HOW TO RESTORE AND PAINT WOOD WINDOWS. WE ALSO CONDUCTED A WEEKEND TRAINING PROGRAM IN WINDOW RESTORATION FOR HOMEOWNERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brent Runyon Executive Director | Officer | 40 | $98,570 |
Warren Jagger President | OfficerTrustee | 1 | $0 |
Cait Swanson Vice President | OfficerTrustee | 1 | $0 |
Rita Danielle Steele Vice President | OfficerTrustee | 1 | $0 |
Laurel Bowerman Treasurer | OfficerTrustee | 1 | $0 |
Carrie Zaslow Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $49,415 |
Fundraising events | $105 |
Related organizations | $0 |
Government grants | $80,125 |
All other contributions, gifts, grants, and similar amounts not included above | $886,330 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,015,975 |
Total Program Service Revenue | $40,888 |
Investment income | $35,030 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,820 |
Net Gain/Loss on Asset Sales | $8,310 |
Net Income from Fundraising Events | $29,007 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,289,482 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $111,673 |
Compensation of current officers, directors, key employees. | $27,918 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $279,511 |
Pension plan accruals and contributions | $6,862 |
Other employee benefits | $30,106 |
Payroll taxes | $32,737 |
Fees for services: Management | $0 |
Fees for services: Legal | $275 |
Fees for services: Accounting | $39,712 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $17,834 |
Fees for services: Other | $74,426 |
Advertising and promotion | $5,965 |
Office expenses | $35,642 |
Information technology | $8,317 |
Royalties | $0 |
Occupancy | $31,628 |
Travel | $275 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $66,456 |
Interest | $1,234 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $30,458 |
Insurance | $7,965 |
All other expenses | $419 |
Total functional expenses | $781,495 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $726,419 |
Savings and temporary cash investments | $468,424 |
Pledges and grants receivable | $286,931 |
Accounts receivable, net | $95,026 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $17,338 |
Net Land, buildings, and equipment | $493,642 |
Investments—publicly traded securities | $1,649,808 |
Investments—other securities | $742,440 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,480,028 |
Accounts payable and accrued expenses | $33,800 |
Grants payable | $0 |
Deferred revenue | $14,250 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,400 |
Total liabilities | $51,450 |
Net assets without donor restrictions | $1,487,264 |
Net assets with donor restrictions | $2,941,314 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,480,028 |
Over the last fiscal year, we have identified 22 grants that Providence Preservation Society has recieved totaling $263,173.
Awarding Organization | Amount |
---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: 2020 ANNUAL FUND CONTRIBUTION; ARCHITECTURAL SLIDE COLLECTION - PHASE II SCANNING; BUILDING TRADES PROGRAM; CAPITAL CAMPAIGN - SUPPLEMENTAL; DARN RETORATION COMPANY; PROGRAM SUPPORT; POWER OF PRESERVATION EDUCATION CAMPAIGN; SPARKING COMMUNITY ENGAGEMENT WITH HISTORIC PRESERVATION PLANNING IN SOUTH PROVIDENCE; GENERAL SUPPORT; GENERAL OPERATING | $142,675 |
1772 Foundation Inc Providence, RI PURPOSE: WINDOW AND WORKFORCE TRAINING PROGRAM | $25,000 |
Philmoney Trust Providence, RI PURPOSE: CHARITY | $15,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $14,746 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $13,500 |
June Rockwell Levy Foundation Incorporated Providence, RI PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Beg. Balance | $1,430,620 |
Earnings | $230,863 |
Admin Expense | $12,347 |
Net Contributions | $50,000 |
Other Expense | $49,328 |
Ending Balance | $1,649,808 |
Organization Name | Assets | Revenue |
---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |
Preserve Rhode Island Providence, RI | $13,128,578 | $4,482,092 |