2024-03-11T09:29:03-05:00 2023-04-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-05-01 050302383 PROVIDENCE ART CLUB PROV 4013311114 11 THOMAS STREET PROVIDENCE RI 02903 CARL HELMETAG TREASURER 4013311114 2024-03-01 1 CARL HELMETAG 999009999 1 KERRI RAWCLIFFE P01398485 4016216200 2024-03-01 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARL HELMETAG 11 THOMAS STREET PROVIDENCE RI 02903 2789627 0 X WWW.PROVIDENCEARTCLUB.ORG X 1880 RI TO PROVIDE ACTIVE PROGRAMS IN THE VISUAL ARTS AND PROVIDE EDUCATION FOR THE PROMOTION OF ART CULTURE 13 13 45 100 693931 0 462277 71359 1423832 1566430 135230 283411 -35146 -57110 1986193 1864090 0 0 0 0 672222 766045 0 0 0 732813 975100 1405035 1741145 581158 122945 7643103 7757058 2470059 2565957 5173044 5191101 X TO PROVIDE ACTIVE PROGRAMS IN THE VISUAL ARTS AND PROVIDE EDUCATION FOR THE PROMOTION OF ART CULTURE 0 0 402371 256026 ART EXHIBITIONS: MAINTAIN TWO ART GALLERIES FOR ART EXHIBITIONS. ARTIST MEMBERS AND NON-MEMBERS PARTICIPATE IN 30 TO 40 EXHIBITS PER YEAR FOR THE CLUB'S MEMBERSHIP AND GENERAL PUBLIC TO ENJOYART CLASSES: CONDUCT ART CLASSES FOR CLUB MEMBERS IN THE VISUAL ARTS TO INCLUDE SKETCHING, PAINTING AND DRAWING FOR APPROXIMATELY 30 PER WEEK. 755035 CAFE AND DINING FACILITIES TO ACCOMODATE EMPLOYEES AND MEMBERS 80434 ART STUDIOS FOR ARTIST AND SCHOLARSHIP AND AWARDS 622690 HOUSE AND PROPERTY ACTIVITIES 622690 1025061 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 45 1 1 1 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRENDA KERCZ 4013311114 11 THOMAS STREET PROVIDENCE RI 02903 X SHAWN KENNEY PRESIDENT 10.00 X X 0 0 0 JUDY VILMAIN SECRETARY 10.00 X X 0 0 0 SUSAN AITCHESON ASSISTANT TREASURER/SECRETARY 10.00 X X 0 0 0 LORRAINE HYNES VICE PRESIDENT 10.00 X X 0 0 0 CARL HELMETAG TREASURER 10.00 X X 0 0 0 REBECCA RILEY DIRECTOR 10.00 X X 0 0 0 NICKERSON B MILES DIRECTOR 10.00 X 0 0 0 CAROL S FITZSIMONDS DIRECTOR 10.00 X 0 0 0 BILL LANE DIRECTOR 10.00 X 0 0 0 CHARLES H WHARTON DIRECTOR 10.00 X 0 0 0 W BRUCE TILLINGHAST DIRECTOR 10.00 X 0 0 0 CAROLINE REED DIRECTOR 10.00 X 0 0 0 MICHAEL J MANNI DIRECTOR 10.00 X 0 0 0 EUSEBIO BORGES GENERAL MANAGER 40.00 X 158099 0 30566 158099 0 30566 1 0 1 0 0 71359 71359 MEMBERSHIP DUES 713990 1310404 805534 504870 ART CLASSES 713990 165943 165943 ART EXHIBITIONS 713990 90083 90083 1566430 62297 62297 113392 101209 12183 12183 12183 221114 0 221114 221114 221114 755035 824328 -69293 -80228 10935 1864090 815389 693931 283411 188665 188665 451816 268791 183025 73953 26028 47925 51611 26569 25042 32955 32955 110152 11479 98673 33093 33093 196493 187137 9356 70582 43914 26668 132773 82607 50166 47822 47822 GALLERY OTHER 104638 104638 REPAIRS & MAINTENANCE 97447 97447 ART CLASSES 88818 88818 LOSS ON BAD BEBT 32105 32105 28222 6718 21504 1741145 1025061 716084 0 413588 304190 186308 220347 23409 28589 26640 64558 7293099 3705465 3717482 3587634 3275676 3412336 139404 7643103 7757058 74254 133128 407560 499782 1837101 1713956 151144 219091 2470059 2565957 X 0 0 0 0 5173044 5191101 5173044 5191101 7643103 7757058 122945 -104888 0 X X 0 1 X 1 0 X 1069365 1225349 1199351 1468464 1381763 6344292 819253 686339 374559 644999 787993 3313143 1888618 1911688 1573910 2113463 2169756 9657435 10000 10000 65949 252837 71359 410145 0 10000 10000 65949 252837 71359 410145 9247290 360274 33611 28155 42123 62297 526460 360274 33611 28155 42123 62297 526460 2248892 1945299 1602065 2155586 2232053 10183895 0.90800 0.91610 0.05170 0.04930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 1.00000 0.00000 0.00000 1 137953 137953 366044 211828 154216 6789102 3493637 3295465 3587634 INTEREST RATE SWAP 219091 219091 X 2684739 -104888 925537 820649 1864090 0 1864090 2666682 925537 925537 1741145 0 1741145 PART V, LINE 4: ENDOWMENT FUNDS: THE ORGANIZATION'S INVESTMENTS WERE LISTED AS AN ENDOWMENT ON THE 2016 FORM 990. HOWEVER, AFTER FURTHER RESEARCH, IT WAS DETERMINED THAT THE NATURE OF THE INVESTMENTS DID NOT MEET THE DEFINITION OF AN ENDOWMENT UNDER SFAS 117 AND WERE TAKEN OFF OF SCHEDULE D ACCORDINGLY THROUGH AN ADJUSTMENT TO OTHER EXPENSES. PART X, LINE 2: EXCEPT FOR TAXES THAT MAY BE DUE FOR UNRELATED BUSINESS INCOME, THE CLUB IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE AND LOCAL INCOME TAXES UNDER COMPARABLE LAWS. THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FISCAL 2020 . PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RENTAL EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES RENTAL EXPENSES X 0 0 0 0 0 0 0 0 0 EUSEBIO BORGES GENERAL MANAGER 140599 0 17500 0 0 0 0 0 30566 0 188665 0 0 0 A RI ECONOMIC DEVELOPMENT CORP 050356994 2008-05-29 3000000 RENOVATIONS AND NEW ADDITION TO BUILDING 0 0 0 A 2008 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS ARTIST AND PATRON MEMBERS FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING, THERE ARE ELECTIONS FOR THE GOVERNING BODY. ALL MEMBERS HAVE AN EQUAL VOTE. FORM 990, PART VI, SECTION A, LINE 7B AT THE ANNUAL MEETING, OR SPECIAL MEETING, MEMBERS VOTE ON SIGNIFICANT DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, THE FORM 990 IS REVIEWED BY AUDIT COMMITTEE BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE MONTHLY BOARD MEETINGS AS A REMINDER TO BOARD MEMBERS OF THEIR OBLIGATION TO DISCLOSE ANY POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE BOARD MEMBERS MEET ANNUALLY TO REVIEW THE CLUB MANAGERS PERFORMANCE. THE PRESIDENT CONTACTS OTHER ASSOCIATIONS TO COMPARE SALARY AND BENEFIT PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. COPIES ARE LOCATED IN THE OFFICE OF THE CONTROLLER. FORM 990, PART XII LINE 2C THE RETURN IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.