Nonprofit · EIN 23-7423032
PROVIDENCE FOUNDATION
Tax-exempt · PROVIDENCE, RI 02903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $503,833 | $430,607 | $73,226 | $316,018 | $14,345 | $301,673 |
| September 30, 2024 | 990 | $528,174 | $728,823 | -$200,649 | $242,413 | $13,966 | $228,447 |
| September 30, 2023 | 990 | $824,379 | $1,000,244 | -$175,865 | $456,216 | $27,120 | $429,096 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $400,915
- Membership dues
- $385,415
- Program service revenue
- $0
- Investment income
- $7,624
- Net income from fundraising events
- $71,790
- Other revenue
- $95,294
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $180,217
- Other salaries and wages
- $50,000
- Salaries, compensation and benefits (total)
- $282,097
- Professional fundraising fees
- $0
- Accounting fees
- $10,227
- Occupancy
- $9,420
- Travel
- $1,009
- Program services (functional)
- $179,258
- Management and general (functional)
- $251,349
Balance sheet and other
- Total assets, start of year
- $242,413
- Total assets, end of year
- $316,018
- Total liabilities, end of year
- $14,345
- Net assets, end of year
- $301,673
- Publicly traded securities
- $17,200
- Net assets without donor restrictions
- $121,628
- Net assets with donor restrictions
- $180,045
- Gross unrelated business income
- $7,624
- Gross receipts
- $599,468
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1974
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID SALVATORE | EXECUTIVE DIRECTOR Officer | 40 | $77,188 | $6,624 |
| CHRISTOPHER MARSELLA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BETHANY COSTELLO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STOLZMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GREG ALMIEDA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RUSSEL CAREY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARNOLD CHASE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID CICILLINE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARC CRISAFULLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER CRUMP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD DIMEO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN DURKEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH GREENE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD LAPPIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN MAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES MEYERS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ORTIZ | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH R PAOLINO JR | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY QUIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| TONY SIMON | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL VOCOLLA | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE WILCOX | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD ZAMBARANO | BOARD MEMBER Trustee or director | 1 | $0 |
| CARRIE ZASLOW | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLIFFORD WOOD | EXECUTIVE DIRECTOR (UNTIL 6/30/24) Officer | 40 | $159,092 | $22,848 |
| NICK FREEMON | DEPUTY DIRECTOR Trustee or director, Officer | 1 | $57,430 | $12,957 |
| CHRISTOPHER MARSELLA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BETHANY COSTELLO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STOLZMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GREG ALMIEDA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RUSSEL CAREY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARNOLD CHASE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID CICILLINE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARC CRISAFULLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER CRUMP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD DIMEO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN DURKEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH GREENE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD LAPPIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN MAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES MEYERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID ORTIZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH R PAOLINO JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMOTHY QUIRK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TONY SIMON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL VOCOLLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE WILCOX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONALD ZAMBARANO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARRIE ZASLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID SALVATORE | EXECUTIVE DIRECTOR (AFTER 6/30/24) Officer | 40 | $0 | $0 |
990 for the year ended September 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLIFF WOOD | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $150,092 | $22,848 |
| CHRISTOPHER J MARSELLA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH GREENE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BETHANY COSTELLO | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GREG ALMEIDA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER BRAMLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSELL CAREY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELE LEDERBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COURTNEY MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ORTIZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT I STOLZMAN ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW MARCELLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARNOLD CHACE JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES MEYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH R PAOLINO JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER CRUMP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADFORD DIMEO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN SANTILLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY SIMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONALD ZAMBARANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LAPPIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL VOCCOLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN DURKEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE MALECKI WEST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARRIE ZASLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE FEDERICO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 EXCHANGE TERRACE, PROVIDENCE, RI 02903-1748
- Principal officer (990 for 2024)
- CHRISTOPHER MARSELLA, 30 EXCHANGE TERRACE, PROVIDENCE, RI 02903
- Signed the 990
- CHRISTOPHER MARSELLA, BOARD CHAIR
- Phone
- (401) 521-3248
- Website
- WWW.PROVFOUNDATION.COM
- Return prepared by
- MULLEN SCORPIO & CERILLI
Mission
THE FOUNDATION ORIGINATES AND ADVOCATES POLICIES AND PROJECTS FOR THE DEVELOPMENT OF DOWNTOWN AND THE CITY OF PROVIDENCE. IT PLAYS A LEADERSHIP ROLE IN PLANNING FOR DOWNTOWN. ITS PRIMARY FOCUS IS TO CREATE AN ENVIRONMENT THAT IS CONDUCIVE TO ECONOMIC DEVELOPMENT AND SUSTAINED INVESTMENT IN DOWNTOWN AND THE CREATION OF A VIBRANT NEIGHBORHOOD. THE FOUNDATION IDENTIFIES AND ACTS UPON OPPORTUNITIES AND TARGES PROJECTS AND POLICIES THAT HAVE A CATALYTIC EFECT; AND COORDINATES PROJECTS AND GROUPS INVOLVED IN THE DOWNTOWN. THE FOUNDATION BRINGS PRIVATE SECTOR EXPERTISE TO THE DEVELOPMENT OF POLICIES, PLANS AND PROJECTS. THE FOUNDATION, WORKING WITH THE CITY, IS A GENERATOR AND KEEPER OF THE VISION FOR DOWNTOWN.
Program accomplishments
- THE FOUNDATION OPERATES VARIOUS PROGRAMS AND LONG-TERM VISIONARY PROJECTS RELATIVE TO THE REVITALIZATION OF DOWNTOWN PROVIDENCE. SUCH PROGRAMS AND PROJECTS INCLUDE THE DOWNTOWN PROVIDENCE PARKS CONSERVANCY, WHICH WORKS TO ENHANCE PUBLIC SPACES, THE PROVIDENCE RESILIENCE PARTNERSHIP, WHICH SUPPORTS THE MOBILIZATION OF THE CITY'S DIVERSE COMMUNITIES TO COMBAT CLIMATE CHANGE, AND THE VITALITY PROGRAM, WHICH SEEKS TO GENERATE INTERSEST IN DOWNTOWN AND CREATE A VIBRANT ENVIRONMENT THAT DRAWS VISITORS AND BUSINESS TO DOWNDOWN PROVIDENCE.Expenses $179,258
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7423032
- 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
- 1977
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $316,018
- Income (IRS master file)
- $599,468
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $503,833 | $430,607 | $316,018 | XML |
| 990 | September 2024 | $528,174 | $728,823 | $242,413 | XML |
| 990 | September 2023 | $824,379 | $1,000,244 | $456,216 | XML |
| 990 | September 2022 | $1,003,262 | $1,023,188 | $626,108 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 23-7423032).
Questions about PROVIDENCE FOUNDATION
- What is the EIN of PROVIDENCE FOUNDATION?
- The employer identification number (EIN) of PROVIDENCE FOUNDATION is 23-7423032.
- Is PROVIDENCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to PROVIDENCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROVIDENCE 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 PROVIDENCE FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROVIDENCE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PROVIDENCE FOUNDATION?
- The 990 for the year ended September 30, 2025 names CHRISTOPHER MARSELLA.
- Who are the officers and directors of PROVIDENCE FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 24 people; 1 received compensation from the organization, the highest $77,188 (DAVID SALVATORE, EXECUTIVE DIRECTOR).
- How much revenue does PROVIDENCE FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $503,833, expenses of $430,607 and total assets of $316,018 at year end.
Other nonprofits in PROVIDENCE
- RHODE ISLAND HOSPITAL EIN 05-0258954 · last filed 990 for 2025
- BROWN UNIVERSITY OF PROVIDENCE EIN 05-0258809 · last filed 990 for 2025
- THE MIRIAM HOSPITAL EIN 05-0258905 · last filed 990 for 2025
- KENT COUNTY MEMORIAL HOSPITAL EIN 05-0258896 · last filed 990 for 2025
- WOMEN & INFANTS HOSPITAL OF RHODE ISLAND EIN 05-0258937 · last filed 990 for 2025
- LIFESPAN CORPORATION EIN 22-2861978 · last filed 990 for 2025
- PROVIDENCE COLLEGE EIN 05-0258932 · last filed 990 for 2025
- LIFESPAN PHYSICIAN GROUP INC EIN 05-0389801 · last filed 990 for 2025