Waterfire Providence

Organization Overview

Waterfire Providence is located in Providence, RI. The organization was established in 1989. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Waterfire Providence employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfire Providence 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 12/2023, Waterfire Providence generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

WATERFIRE PROVIDENCE (R) MISSION IS TO INSPIRE PROVIDENCE AND ITS VISITORS BY REVITALIZING THE URBAN EXPERIENCE, FOSTERING COMMUNITY ENGAGEMENT AND CREATIVELY TRANSFORMING THE CITY BY PRESENTING WATERFIRE FOR ALL TO ENJOY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATERFIRE PROVIDENCE MANAGES AND ORGANIZES WATERFIRE, A LARGE PUBLIC ART INSTALLATION/EVENT. IN CALENDAR 2023, WATERFIRE PRODUCED 12 LIGHTINGS EVENTS, 5 PARTIALS AND 7 FULL FIRES. ALSO, PRODUCED FOUR OF ITS NEWEST ACTIVATIONS ON THE PEDESTRIAN BRIDGE TITLED " STARTS AT SUNSET" WATERFIRE DRAWS BETWEEN 10,000 AND 100,000 SPECTATORS INTO DOWNTOWN PROVIDENCE, RI EACH EVENING AND APPROX 1,000,000 OVER THE COURSE OF THE SEASON FROM MAY TO DECEMBER. MORE THAN 50% OF ATTENDEES TRAVEL FROM OUT OF STATE SPECIFICALLY TO EXPERIENCE WATERFIRE AND CREATE A SIGNIFICANT ECONOMIC IMPACT IN THEIR WAKE. WATERFIRE PROVIDENCE GENERATES $114 MILLION OF ECONOMIC IMPACT FOR LOCAL BUSINESSES AND $9 MILLION OF DIRECT TAX REVENUE FOR THE STATE OF RI AND SUPPORTS 1,294 ADDITIONAL JOBS FOR RESIDENTS. WATERFIRE SECURES MILLIONS OF DOLLARS OF TRADITIONAL AND NEW MEDIA VALUE PAINTING PROVIDENCE IN A POSITIVE LIGHT EACH YEAR MAKING RI A TOP INTERNATIONAL CULTURAL TOURISM DESTINATION. IN 2018, WATERFIRE MOVED INTO THE WATERFIRE ARTS CENTER, THE ORGANIZATION'S FIRST PERMANENT VISIBLE HOME IN THE COMMUNITY AND A MULTI-USE ARTS VENUE THAT HOSTS EXHIBITIONS, PERFORMANCES, EVENTS AND EDUCATIONAL PROGRAMS OPEN TO THE PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Judith Bentkover
Director
$0
Barry Fain
Director
$0
Rick Simone
Director
$0
Barnaby M Evans
Executive Artistic Director And Co-Ceo
$306,707
Sean Holley
Director
$0
Erica Guatieri
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Trac Builders Inc
Construction
$333,470
Durkee Brown Viveiros & Werenfels
Archtect
$159,560
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$60,101
Related organizations$256,500
Government grants $580,000
All other contributions, gifts, grants, and similar amounts not included above$1,403,859
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,300,460
Total Program Service Revenue$83,203
Investment income $101,861
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $158,736
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $96,312
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $73,088
Miscellaneous Revenue$0
Total Revenue $2,968,528

Peer Organizations

Organization NameAssets
Waterfire Providence
Providence, RI
$2,968,528
Mahaiwe Performing Arts Center Inc
Great Barrington, MA
$2,766,458
Williamstown Art Conservation Center Inc
Williamstown, MA
$2,502,620
Architectural Heritage Foundation Inc
Brighton, MA
$1,733,370
The Guilford Art Center Inc
Guilford, CT
$1,204,055
Spoke Art Inc
Boston, MA
$830,803
Worcester Center For Crafts Inc
Worcester, MA
$994,127
Five Points Center For The Visual Arts Inc
Torrington, CT
$887,287
Design Museum Foundation Inc
Boston, MA
$541,742
South County Art Association
Kingston, RI
$570,904
The Griffin Museum Of Photography Inc
Winchester, MA
$415,813
Brookfield Craft Center Inc
Brookfield, CT
$657,952
Concord Art Association
Concord, MA
$664,341
Farmington Valley Arts Center Inc
Avon, CT
$600,085
Center For Contemporary Printmaking Inc
Norwalk, CT
$525,319
Handicraft Club Inc
Providence, RI
$624,828
Newburyport Art Association Inc
Newburyport, MA
$342,998
The Society Of Arts And Crafts
Gloucester, MA
$187,380
Dirt Palace Public Projects
Providence, RI
$416,080
Hygienic Art Inc
New London, CT
$283,625
Cambridge Art Association
Cambridge, MA
$232,474
Marthas Vineyard Art Assn Inc
Edgartown, MA
$225,167
The Artist Book Foundation
North Adams, MA
$86,510
Photo Chemical Machining Institute
Attleboro Falls, MA
$211,823
The Collaborative
Warren, RI
$0

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