Newport String Project
- Assets
- $240.4k
- Revenue
- $222.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 82-3341534
Organization Overview
Newport String Project is located in Newport, RI. The organization was established in 2019. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport String Project 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 06/2022, Newport String Project generated $222.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $204.8k during the year ending 06/2022. While expenses have increased by 12.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEWPORT STRING PROJECT IS A CHAMBER MUSIC PERFORMANCE AND YOUTH MENTORING INITIATIVE COMMITTED TO MAKING INSPIRING MUSICAL EXPERIENCES ACCESSIBLE FOR ALL IN NEWPORT, RI. STRING INSTRUMENT LESSONS ARE PROVIDED FREE OF CHARGE TO STUDENTS AT THE MARTIN LUTHER KING CENTER. A CHAMBER MUSIC CONCERT SERIES OFFERS ACCESSIBLE HIGH QUALITY CLASSICAL MUSIC CONCERTS TO THE GREATER NEWPORT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MUSICAL EXPERIENCES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominique Alfrandre President | OfficerTrustee | 0 | $0 |
Cherayne Ashton Director | Trustee | 0 | $0 |
Alexandra Brooks Director | Trustee | 0 | $0 |
Kyle Dufur Director | Trustee | 0 | $0 |
Kate Longo Director | Trustee | 0 | $0 |
Garry Fischer MD Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,954 |
| Investment income | $0 |
| 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 | $222,523 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,387 |
| Advertising and promotion | $2,217 |
| Office expenses | $645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,450 |
| 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 | $0 |
| Insurance | $2,629 |
| All other expenses | $0 |
| Total functional expenses | $204,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $7,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,397 |
| Accounts payable and accrued expenses | $477 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $477 |
| Net assets without donor restrictions | $212,420 |
| Net assets with donor restrictions | $27,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $239,920 |