Firstworks
- Assets
- $765.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Providence, RI
- Founding
- 09/1985
- Data as of
- 06/2021
- EIN
- 22-2597014
Organization Overview
Firstworks is located in Providence, RI. The organization was established in 1985. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Firstworks employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firstworks 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, Firstworks generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $949.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. 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
FIRSTWORKS' MISSION IS TO ENRICH THE CULTURAL, EDUCATIONAL, AND ECONOMIC FABRIC OF RHODE ISLAND BY ENGAGING DIVERSE AUDIENCES WITH WORLD-CLASS PERFORMING ARTS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO COVID-19, FIRSTWORKS SHIFTED TO A HYBRID- ONLINE AND LIVE OUTDOOR PROGRAMMING MODEL. ACROSS OUR 2020-2021 SEASON WE HAVE FOCUSED ON NURTURING PARTNERSHIPS, CREATING ACCESS FOR RHODE ISLANDERS, INVESTING IN FIRSTS, AND LIFTING VOICES IN OUR LOCAL COMMUNITY. WE REACHED 70,000 VIEWS THROUGH VIRTUAL PROGRAMMING, PROVIDED 100 EMPLOYMENT OPPORTUNITIES FOR CREATIVES, AND COMMISSIONED 9 NEW WORKS. OUR EDUCATION PROGRAM GREW EXPONENTIALLY, PROVIDING ARTS ACCESS TO YOUTH ACROSS 13 RI SCHOOL DISTRICTS- WE OFFERED 30+ WORKSHOPS WITH WORLD-CLASS ARTISTS AND EARNED 20,000 VIEWS OF OUR VIRTUAL LEARNING SERIES BY EDUCATORS, STUDENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Pletcher Ex Officio | Officer | 1 | $94,072 |
Krystle Tadesse Secretary | OfficerTrustee | 1 | $0 |
Catherine Terry Taylor President | OfficerTrustee | 1 | $0 |
Kevin S Hundley CPA Treasurer | OfficerTrustee | 1 | $0 |
Rob Panoff Vice President | OfficerTrustee | 1 | $0 |
Melissa Dariganesq Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $882,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $947,097 |
| Total Program Service Revenue | $144,935 |
| Investment income | $87 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,099,379 |
| 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. | $95,464 |
| Compensation of current officers, directors, key employees. | $9,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,939 |
| Payroll taxes | $41,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,570 |
| Office expenses | $15,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,953 |
| Insurance | $3,297 |
| All other expenses | $0 |
| Total functional expenses | $949,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $288,764 |
| 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 | $24,359 |
| Net Land, buildings, and equipment | $23,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $765,712 |
| Accounts payable and accrued expenses | $73,237 |
| Grants payable | $0 |
| Deferred revenue | $440,917 |
| 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 | $64,654 |
| Total liabilities | $578,808 |
| Net assets without donor restrictions | $186,904 |
| Net assets with donor restrictions | $0 |
| 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 | $765,712 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Firstworks has recieved totaling $284,965.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: PROGRAM SUPPORT; RAISE YOUR VOICE - SONG COMPOSITION PROJECT FOR CENTRAL HIGH SCHOOL 100TH ANNIVERSARY CELEBRATION; EMPLOYEE MATCHING PROGRAM; "THE TELLING" DANIEL BERNARD ROUMAIN AND COLLABORATORS; LIFTING RHODE ISLAND THROUGH THE ARTS; GENERAL SUPPORT | $114,370 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $34,020 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $20,525 |
June Rockwell Levy Foundation Incorporated Providence, RI PURPOSE: FIRSTWORKS EDUCATION - LIFTING STUDENTS THROUGH THE ARTS | $20,000 |
National Grid Foundation Hicksville, NY PURPOSE: FIRSTWORKS & NATIONAL GRID FOUNDATION: A STRATEGIC PARTNERSHIP TO LIFT STUDENTS THROUGH THE ARTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |
Worcester Center For Performing Arts Inc Worcester, MA | $9,482,034 | $7,443,487 |
Connecticut Alliance Of Foster And Adoptive Families Inc Rocky Hill, CT | $134,594 | $2,448,191 |
Nantucket Dreamland Foundation Nantucket, MA | $29,229,556 | $2,255,041 |
Cotuit Center For The Arts Inc Cotuit, MA | $3,259,603 | $2,316,604 |
Silvermine Guild Of Artists Inc New Canaan, CT | $2,702,522 | $2,496,150 |
Heritage Village Foundation Inc Southbury, CT | $7,064,810 | $2,199,955 |
Newton Communications Access Center Inc Newton Highlands, MA | $4,732,809 | $1,832,398 |
Fine Arts Work Center In Provincetown Inc Provincetown, MA | $8,485,564 | $1,914,761 |
47 Palmer Inc Cambridge, MA | $700,773 | $1,617,574 |
Real Art Ways Inc Hartford, CT | $4,525,806 | $3,944,659 |