Nonprofit · EIN 05-0317816
NEWPORT RESTORATION FOUNDATION
Tax-exempt · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,564,257 | $7,124,982 | -$2,560,725 | $38,405,901 | $1,618,432 | $36,787,469 |
| December 31, 2023 | 990 | $6,618,402 | $6,575,465 | $42,937 | $40,390,921 | $1,496,864 | $38,894,057 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $341,995
- Program service revenue
- $3,353,850
- Investment income
- $745,422
- Net gain from sales of assets
- $391,925
- Net income from fundraising events
- -$8,286
- Net income from sales of inventory
- $35,545
- Other revenue
- $122,990
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $547,555
- Other salaries and wages
- $2,107,517
- Salaries, compensation and benefits (total)
- $3,163,145
- Professional fundraising fees
- $0
- Legal fees
- $62,036
- Accounting fees
- $44,764
- Occupancy
- $1,184,421
- Travel
- $22,235
- Depreciation
- $1,265,733
- Program services (functional)
- $6,329,381
- Management and general (functional)
- $795,601
Balance sheet and other
- Total assets, start of year
- $40,390,921
- Total assets, end of year
- $38,405,901
- Total liabilities, end of year
- $1,618,432
- Net assets, end of year
- $36,787,469
- Land, buildings and equipment
- $24,040,826
- Net assets without donor restrictions
- $32,786,756
- Net assets with donor restrictions
- $4,000,713
- Gross receipts
- $4,874,164
- Employees
- 66
- Volunteers
- 18
- Year formed
- 1969
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANKLIN VAGNONE | PRESIDENT/ EXECUTIVE DIRECTOR (TO 8/24) Trustee or director, Officer | 0.4 | $348,703 | $24,599 |
| AMY ELIZABETH WINSOR | CHIEF OPERATING OFFICER & FINANCE DIRECTOR Officer | 40 | $155,576 | $18,677 |
| ALYSSA LOZUPONE | DIRECTOR OF PRESERVATION Highest-paid employee | 40 | $120,233 | $13,131 |
| JAMES ROSS | BOARD CHAIR/PRESIDENT (TO 4/24) Trustee or director, Officer | 0.4 | $0 | $0 |
| AMELIA AMY BERKOWITZ | BOARD CHAIR/PRESIDENT (AS 4/24) Trustee or director, Officer | 0.2 | $0 | $0 |
| C HUGH HILDESLEY | VICE CHAIR/VICE PRESIDENT (AS OF 4/24) Trustee or director, Officer | 0.2 | $0 | $0 |
| DR M THERESE ANTONE | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| MIKEL FOLCARELLI | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| EDITH MCBEAN | MEMBER AT LARGE Trustee or director | 0.2 | $0 | $0 |
| PHILIP MARSHALL | MEMBER AT LARGE (TO 12/24) Trustee or director | 0.2 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANKLIN VAGNONE | PRESIDENT/ EXECUTIVE DIRECTOR Trustee or director, Officer | 0.4 | $362,273 | $30,842 |
| AMY ELIZABETH WINSOR | CHIEF OPERATING OFFICER Officer | 40 | $144,519 | $17,568 |
| ALYSSA LOZUPONE | DIRECTOR OF PRESERVATION Highest-paid employee | 40 | $110,479 | $12,387 |
| JAMES ROSS | BOARD CHAIR/PRESIDENT Trustee or director, Officer | 0.4 | $0 | $0 |
| DR M THERESE ANTONE | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| MIKEL FOLCARELLI | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| C HUGH HILDESLEY | MEMBER AT LARGE (AS OF 9/23) Trustee or director | 0.2 | $0 | $0 |
| EDITH MCBEAN | MEMBER AT LARGE Trustee or director | 0.2 | $0 | $0 |
| PHILIP MARSHALL | MEMBER AT LARGE Trustee or director | 0.2 | $0 | $0 |
| AMELIA AMY BERKOWITZ | MEMBER AT LARGE Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 680 BELLEVUE AVE, NEWPORT, RI 02840-4283
- Principal officer (990 for 2024)
- AMELIA BERKOWITZ, 680 BELLEVUE AVENUE, NEWPORT, RI 02840
- Signed the 990
- AMELIA BERKOWITZ, BOARD CHAIR/PRESIDENT
- Phone
- (401) 849-7300
- Website
- WWW.NEWPORTRESTORATION.ORG
- Return prepared by
- KAHN LITWIN RENZA & CO LTD
Mission
NRF PROMOTES AND INVESTS IN THE HERITAGE OF THE NEWPORT COMMUNITY, THE TRADITIONAL BUILDING TRADES, AND DORIS DUKE'S FINE AND DECORATIVE ARTS AND COLLECTIONS, FOR THE ENJOYMENT, EDUCATION AND INSPIRATION TO ALL.
Program accomplishments
- ROUGH POINT IS A MUSEUM, OPEN TO THE PUBLIC, SHARING THE LIFE AND LEGACY OF DORIS DUKE THROUGH STORYTELLING ABOUT THE PEOPLE CONNECTED TO THE HOUSE'S HISTORY, CLIMATE CHANGE RESILIENCY AND HOW IT IMPACTS THE BUILT ENVIRONMENT, AND CULTURAL HERITAGE THROUGH THE FINE AND DECORATIVE ARTS HER FAMILY COLLECTED. THE MUSEUM ALSO INCLUDES AN EXHIBITION ON 18TH CENTURY NEWPORT FURNITURE.Expenses $3,420,493 · revenue $353,102
- THE FOUNDATION OWNS, PRESERVES, AND MAINTAINS APPROXIMATELY 70 18TH AND 19TH CENTURY BUILDINGS, PREDOMINANTLY IN NEWPORT. ALL BUT ONE OF THE HOUSES ARE RENTED TO RESIDENTIAL AND COMMERCIAL TENANT STEWARDS. THE VERNON HOUSE IS ONE OF THE MOST SIGNIFICANT BUILDINGS IN NEWPORT, CURRENTLY HOSTING CONTEMPORARY DIALOGUE, COMMUNITY ENGAGEMENT, AND A PRESERVATION LEARNING LAB FOR THE HISTORIC TRADES INITIATIVE.Expenses $2,723,694 · revenue $3,036,293
- WHITEHORNE HOUSE WAS A MUSEUM, DISPLAYING 18TH CENTURY NEWPORT FURNITURE AND RELATED DECORATIVE ARTS. THIS COLLECTION IS NOW HOUSED AS AN EXHIBITION IN ROUGH POINT. THE BUILDING IS OPEN BY APPOINTMENT ONLY, AS THE FOUNDATION RESEARCHES THE HISTORY OF THE HOUSE TO BETTER INFORM THE PROPERTIES FUTURE.Expenses $106,970
- PRESCOTT FARM FEATURES A COLLECTION OF HISTORIC BUILDINGS AND A WALKING TRAIL. IT FUNCTIONS AS A PUBLIC PARK AND IS OPEN DAILY FROM DAWN TO DUSK FOR PUBLIC ENJOYMENT.Expenses $78,224
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0317816
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $38,405,901
- Income (IRS master file)
- $4,874,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,564,257 | $7,124,982 | $38,405,901 | XML |
| 990 | December 2023 | $6,618,402 | $6,575,465 | $40,390,921 | XML |
| 990 | December 2022 | $9,303,139 | $6,267,610 | $39,101,709 | IRS |
| 990 | December 2021 | $7,225,727 | $6,055,199 | $38,992,264 | 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 05-0317816).
Questions about NEWPORT RESTORATION FOUNDATION
- What is the EIN of NEWPORT RESTORATION FOUNDATION?
- The employer identification number (EIN) of NEWPORT RESTORATION FOUNDATION is 05-0317816.
- Is NEWPORT RESTORATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to NEWPORT RESTORATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWPORT RESTORATION FOUNDATION 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 NEWPORT RESTORATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEWPORT RESTORATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEWPORT RESTORATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names AMELIA BERKOWITZ.
- Who are the officers and directors of NEWPORT RESTORATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $348,703 (FRANKLIN VAGNONE, PRESIDENT/ EXECUTIVE DIRECTOR (TO 8/24)).
- How much revenue does NEWPORT RESTORATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,564,257, expenses of $7,124,982 and total assets of $38,405,901 at year end.
Other nonprofits in NEWPORT
- NEWPORT HOSPITAL EIN 05-0258914 · last filed 990 for 2025
- SALVE REGINA UNIVERSITY EIN 05-0259080 · last filed 990 for 2025
- PRESERVATION SOCIETY OF NEWPORT COUNTY EIN 05-0252708 · last filed 990 for 2025
- VAN BEUREN CHARITABLE FOUNDATION INC EIN 22-2773769 · last filed 990-PF for 2024
- INTERNATIONAL TENNIS HALL OF FAME INCORPORATED EIN 13-6144356 · last filed 990 for 2024
- NEWPORT HOSPITAL FOUNDATION INC EIN 22-2535533 · last filed 990 for 2025
- SPOUTING ROCK BEACH ASSOCIATION EIN 05-0221400 · last filed 990 for 2024
- MARTIN LUTHER KING COMMUNITY CENTER INCORPORATED EIN 05-0271882 · last filed 990 for 2026