Nonprofit · EIN 05-0260678
COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM
Tax-exempt · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,194,530 | $2,248,744 | -$54,214 | $30,018,473 | $486,577 | $29,531,896 |
| June 30, 2024 | 990 | $2,445,471 | $1,974,766 | $470,705 | $28,744,029 | $350,321 | $28,393,708 |
| June 30, 2023 | 990 | $3,452,323 | $1,943,942 | $1,508,381 | $27,960,966 | $484,039 | $27,476,927 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,230,067
- of which government grants
- $232,602
- Membership dues
- $105,500
- Program service revenue
- $13,256
- Investment income
- $715,795
- Net rental income
- $42,422
- Net gain from sales of assets
- $235,292
- Net income from fundraising events
- $204,604
- Net income from sales of inventory
- -$11,614
- Other revenue
- $235,412
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $145,598
- Other salaries and wages
- $480,090
- Salaries, compensation and benefits (total)
- $740,979
- Professional fundraising fees
- $0
- Legal fees
- $9,174
- Accounting fees
- $22,168
- Occupancy
- $170,190
- Depreciation
- $462,546
- Program services (functional)
- $951,125
- Management and general (functional)
- $824,488
- Fundraising (functional)
- $473,131
Balance sheet and other
- Total assets, start of year
- $28,744,029
- Total assets, end of year
- $30,018,473
- Total liabilities, end of year
- $486,577
- Net assets, end of year
- $29,531,896
- Land, buildings and equipment
- $9,353,560
- Publicly traded securities
- $16,840,553
- Net assets without donor restrictions
- $19,019,261
- Net assets with donor restrictions
- $10,512,635
- Gross receipts
- $2,498,906
- Employees
- 13
- Volunteers
- 2
- Year formed
- 1747
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENEDICT LECA | EXECUTIVE DIRECTOR Officer | 40 | $136,497 | $9,100 |
| R DANIEL PRENTISS ESQ | EMERITUS DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM KEEFE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE DRUM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN D HARRIS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JACALYN EGAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN R GRACE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JANET ALEXANDER PELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL GEWIRZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WARING PARTRIDGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH LEATHERMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDWIN G FISCHER MD | EMERITUS DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOSIAH BUNTING III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EARL A POWELL III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY SIEGAL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M HOLT MASSEY | TREASURER Trustee or director, Officer | 1 | $0 |
| DANIEL BENSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD KANE | EMERITUS DIRECTOR Trustee or director | 0.5 | $0 |
| ANDY RIDALL | DIRECTOR Trustee or director | 0.5 | $0 |
| SUSAN SIPPRELLE | DIRECTOR Trustee or director | 0.5 | $0 |
| MAURA CULLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBIN WARREN | DIRECTOR Trustee or director | 0.5 | $0 |
| FRANK RAY | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENEDICT LECA | EXECUTIVE DIRECTOR Officer | 40 | $135,615 | $6,000 |
| R DANIEL PRENTISS ESQ | EMERITUS DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AIDA NEARY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE DRUM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN D HARRIS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JACALYN EGAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN R GRACE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JANET ALEXANDER PELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL GEWIRZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WARING PARTRIDGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARVIN ABNEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDWIN G FISCHER MD | EMERITUS DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOSIAH BUNTING III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EARL A POWELL III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY SIEGAL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| M HOLT MASSEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL BENSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD KANE | EMERITUS DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY RIDALL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SUSAN SIPPRELLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MAURA CULLEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBIN WARREN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENEDICT LECA | EXECUTIVE DIRECTOR Officer | 40 | $120,000 | $6,000 |
| R DANIEL PRENTISS ESQ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRANK RAY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AIDA NEARY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE DRUM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN D HARRIS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JACALYN EGAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN R GRACE | DIRECTOR THROUGH SEPTEMBER Trustee or director | 0.5 | $0 | $0 |
| JANET PELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL GEWIRZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WARING PARTRIDGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH LEATHERMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDWIN G FISCHER MD | HONORARY DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| JOSIAH BUNTING III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EARL A POWELL III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY SIEGAL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| M HOLT MASSEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL BENSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD KANE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY RIDALL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SUSAN SIPPRELLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MAURA SMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBIN WARREN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 BELLEVUE AVE, NEWPORT, RI 02840-3229
- In care of
- % BRENDA K
- Principal officer (990 for 2024)
- BENEDICT LECA, 50 BELLEVUE AVENUE, NEWPORT, RI 02840
- Signed the 990
- BENEDICT LECA, EXECUTIVE DIRECTOR
- Phone
- (401) 847-0292
- Website
- WWW.REDWOODLIBRARY.ORG
- Return prepared by
- MULLEN SCORPIO & CERILLI
Mission
FOUNDED IN 1747 ON THE ENLIGHTENMENT IDEALS OF INTELLECTUAL PURSUIT AND CIVIC ENGAGEMENT, THE REDWOOD LIBRARY AND ATHENAEUM GENERATES KNOWLEDGE IN THE HUMANITIES FOR THE BENEFIT OF THE WIDEST POSSIBLE AUDIENCE WITH NOTHING IN VIEW BUT THE GOOD OF MANKIND".
Program accomplishments
- MUSEUM OPERATIONS: THE ATHENAEUM EMPHASIZES PROGRAMS AND COLLECTIONS IMPORTANT TO THE STUDY OF NEWPORT AND ITS HISTORY, AS WELL AS 18TH CENTURY AMERICA AND ITS SOURCES. IT SPONSORS ENTERTAINING AND INFORMATIVE ADULT AND CHILDREN'S PROGRAMS, DISPLAYS EDUCATIONAL AND CULTURAL EXHIBITS DRAWN PRIMARILY FROM THE REDWOOD'S COLLECTIONS, PUBLISHES EDUCATIONAL CATALOGS, NEWSLETTERS, AND FINDING AIDS, AND PROVIDES SPECIAL TOURS FOCUSING ON RHODE ISLAND'S COLONIAL COMMITMENT TO FREEDOM OF RELIGION AND LIBERTY OF CONSCIENCE TO SCHOOL CHILDREN EACH YEAR.Expenses $265,214 · revenue $1,642
- CIRCULATION LIBRARY: OPEN TO THE PUBLIC 6 DAYS A WEEK. PATRONS, RESEARCHERS, SCHOLARS AND VISITORS CAN ENJOY THE MORE THAN 200,000 VOLUMES, MORE THAN 200 CURRENT PERIODICALS, HUNDREDS OF CD'S,BOOKS-ON-TAPE, AND E-BOOKS AVAILABLE TO BE CHECKED OUT BY MEMBERS ON-SITE AND THROUGH INTERLIBRARY LOAN.Expenses $141,448
- RESEARCH LIBRARY: PERSONAL ATTENTION IS PROVIDED TO RESEARCHERS AND SCHOLARS TO ASSIST THEM WITH INDEPENDENT RESEARCH. IT SHOWCASES A PERMANENT EXHIBITION OF 18TH AND 19TH CENTURY ART, INCLUDING PORTRAITS BY JOHN SMIBERT, GILBERT STUART, ROBERT FEKE, REMBRANDT PEALE, AND CHARLES BIRD KING; TOWNSEND AND GODDARD FURNITURE; COLONIAL SILVER, CERAMICS, PAPER-BASED ART, AND MORE; AND A NATIONAL HISTORIC LANDMARK BUILDING, THE FIRST PUBLIC CLASSICAL BUILDING IN THE COLONIES.Expenses $361,606
- PRESERVATION OF HISTORIC ARCHITECTUREExpenses $182,857
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0260678
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1935
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,018,473
- Income (IRS master file)
- $2,498,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,194,530 | $2,248,744 | $30,018,473 | IRS |
| 990 | June 2024 | $2,445,471 | $1,974,766 | $28,744,029 | IRS |
| 990 | June 2023 | $3,452,323 | $1,943,942 | $27,960,966 | XML |
| 990 | June 2022 | $2,272,619 | $1,806,021 | $25,958,009 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0260678).
Questions about COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM
- What is the EIN of COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM?
- The employer identification number (EIN) of COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM is 05-0260678.
- Is COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM?
- The 990 for the year ended June 30, 2025 names BENEDICT LECA.
- Who are the officers and directors of COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM?
- The 990 for the year ended June 30, 2025 lists 23 people; 1 received compensation from the organization, the highest $136,497 (BENEDICT LECA, EXECUTIVE DIRECTOR).
- How much revenue does COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,194,530, expenses of $2,248,744 and total assets of $30,018,473 at year end.
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