2026-03-11T10:02:07-05:00 2025-04-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2024-05-01 050302383 PROVIDENCE ART CLUB PROV 4013311114 11 THOMAS STREET PROVIDENCE RI 02903 STEVE LUNT TREASURER 4013311114 2026-03-10 1 1 KERRI RAWCLIFFE P01398485 4016216200 2026-03-10 2024 2025-03-06 01:10:19Z STEVE LUNT 11 THOMAS STREET PROVIDENCE RI 02903 2929837 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 11 11 42 112 743577 0 391877 95026 1640833 1754853 177480 82976 16171 -110853 2226361 1822002 0 0 0 0 839157 856082 0 0 0 1074205 967580 1913362 1823662 312999 -1660 7444489 7399021 1639638 1511492 5804851 5887529 X TO PROVIDE ACTIVE PROGRAMS IN THE VISUAL ARTS AND PROVIDE EDUCATION FOR THE PROMOTION OF ART CULTURE 0 0 331727 315756 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. 796637 CAFE AND DINING FACILITIES TO ACCOMODATE EMPLOYEES AND MEMBERS 93377 ART STUDIOS FOR ARTIST AND SCHOLARSHIP AND AWARDS 691321 HOUSE AND PROPERTY ACTIVITIES 691321 1023048 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 63 0 1 42 1 1 1 0 0 0 0 1 1 0 0 0 0 X 11 11 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 LORRAINE HYNES PRESIDENT 10.00 X X 0 0 0 BILL LANE VICE PRESIDENT 10.00 X X 0 0 0 CAROLINE REED SECRETARY 10.00 X X 0 0 0 CAROL BEAGAN DIRECTOR 10.00 X X 0 0 0 ANNE WERT DIRECTOR 10.00 X X 0 0 0 STEVE LUNT TREASURER 10.00 X X 0 0 0 LISA BROWNING DIRECTOR 10.00 X 0 0 0 WAYNE FRANKLIN DIRECTOR 10.00 X 0 0 0 PETER D'AMICO DIRECTOR 10.00 X 0 0 0 MICHAEL MANNI ASST TREASURER 10.00 X 0 0 0 BRENT RUNYON DIRECTOR 10.00 X 0 0 0 EUSEBIO BORGES GENERAL MANAGER 40.00 X 166507 0 35832 166507 0 35832 1 0 1 0 0 95026 95026 MEMBERSHIP DUES 713990 1439097 889704 549393 ART CLASSES 713990 223947 223947 ART EXHIBITIONS 713990 91809 91809 1754853 63373 63373 130115 197365 -67250 -67250 -67250 19603 0 19603 19603 19603 796637 910470 -113833 -151320 37487 OTHER REVENUE 713990 70230 70230 70230 1822002 900423 743577 82976 149438 149438 542830 301674 241156 111038 46129 64909 52776 27136 25640 29368 29368 116116 8801 107315 31320 31320 221122 210531 10591 30378 18344 12034 138350 83543 54807 59920 59920 MISCELLANEOUS 120333 14977 105356 REPAIRS & MAINTENANCE 92108 92108 ART CLASSES 83693 83693 GALLERY OTHER 28777 28777 16095 16095 1823662 1023048 800614 0 337931 259388 227558 240548 32101 35795 72203 104415 7391081 4107163 3469929 3283918 3193399 3392537 111368 82420 7444489 7399021 138962 142063 540000 561801 844538 707791 116138 99837 1639638 1511492 X 0 0 0 0 5804851 5887529 5804851 5887529 7444489 7399021 -1660 84338 0 X X 0 1 X 1 0 X 1199351 1468464 1381763 1753990 1534123 7337691 374559 644999 787993 865803 833375 3506729 1573910 2113463 2169756 2619793 2367498 10844420 65949 252837 71359 391877 95026 877048 0 65949 252837 71359 391877 95026 877048 9967372 28155 42123 62297 73254 63373 269202 28155 42123 62297 73254 63373 269202 1602065 2155586 2232053 2693047 2430871 11113622 0.89690 0.90290 0.02420 0.02250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 100000 -152 99848 1.00000 0.00000 0.00000 1 0 137953 137953 390399 257014 133385 6862729 3850149 3012580 3283918 INTEREST RATE SWAP 99837 99837 X 3014175 84338 1107835 1192173 1822002 0 1822002 2931497 1107835 1107835 1823662 0 1823662 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 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 910,470. RENTAL EXPENSES 197,365. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 910,470. RENTAL EXPENSES 197,365. X 0 0 0 0 0 0 0 0 0 EUSEBIO BORGES GENERAL MANAGER 148007 0 18500 0 0 0 0 0 35832 0 202339 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.