Nonprofit · EIN 27-4099544
NEWPORT FESTIVALS FOUNDATION INC
Tax-exempt · MANCHESTER, MA 01944
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $12,957,064 | $12,972,120 | -$15,056 | $28,878,923 | $2,071,491 | $26,807,432 |
| September 30, 2024 | 990 | $12,529,562 | $11,903,144 | $626,418 | $26,656,308 | $1,947,835 | $24,708,473 |
| September 30, 2023 | 990 | $11,504,009 | $10,318,956 | $1,185,053 | $21,607,778 | $875,566 | $20,732,212 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $3,458,596
- Program service revenue
- $8,620,359
- Investment income
- $386,957
- Net gain from sales of assets
- -$157,435
- Net income from fundraising events
- -$83,844
- Net income from sales of inventory
- $574,996
- Other revenue
- $491,152
Expenses
- Grants and similar amounts paid
- $20,000
- Compensation of officers, directors and key employees
- $1,312,107
- Other salaries and wages
- $530,103
- Salaries, compensation and benefits (total)
- $2,190,844
- Professional fundraising fees
- $0
- Legal fees
- $153,585
- Accounting fees
- $372,170
- Occupancy
- $148,812
- Travel
- $520,942
- Depreciation
- $21,093
- Program services (functional)
- $10,847,660
- Management and general (functional)
- $2,058,144
- Fundraising (functional)
- $66,316
Balance sheet and other
- Total assets, start of year
- $26,656,308
- Total assets, end of year
- $28,878,923
- Total liabilities, end of year
- $2,071,491
- Net assets, end of year
- $26,807,432
- Land, buildings and equipment
- $95,735
- Publicly traded securities
- $20,150,012
- Net assets without donor restrictions
- $25,640,614
- Net assets with donor restrictions
- $1,166,818
- Gross receipts
- $15,824,878
- Employees
- 401
- Volunteers
- 250
- Year formed
- 2010
- State of legal domicile
- DE
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 |
|---|---|---|---|---|
| ALBERT JAY SWEET | BOARD MEMBER/EXECUTIVE DIR Trustee or director, Officer | 40 | $348,200 | $5,192 |
| KIRA KARBOCUS | CHIEF OPERATING OFFICER(FO Officer | 40 | $189,861 | $0 |
| CHRISTOPHER CAPOTOSTO | PRODUCER & CREATIVE DIRECTOR Officer | 40 | $174,939 | $5,000 |
| JENNIFER RIEBER | EVENT DIRECTOR Officer | 40 | $148,801 | $0 |
| WILLIAM GLASSNER | PARTNERSHIP DIRECTOR & ARC Officer | 40 | $109,003 | $5,000 |
| BRUCE S GORDON | BOARD MEMBER/CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NICHOLAS L PELL | BOARD MEMBER/TREASURER (FORMER) Trustee or director, Officer | 1 | $0 | $0 |
| TIM ALBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICOLE BERNARD DAWES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA BLANCHET | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAULA BOGGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD M CASHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL DORF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVEN GEWIRZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VIKAS KAPOOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER KASS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA KAUSEN BYRNES | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM LANZONE | BOARD MEMBER Trustee or director | 1 | $0 |
| ANTHONY LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| RON MCCRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| WARD MOONEY | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM VAREIKA | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN GILBANE | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK KERINS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN SWAIN | DIRECTOR OF DEVELOPMENT & PROGRAMS Officer | 40 | $0 |
| DEBRA GIRARD | DIRECTOR OF BUSINESS OPERATIONS Officer | 40 | $0 |
990 for the year ended September 30, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT JAY SWEET | BOARD MEMBER/EXECUTIVE DIR Trustee or director, Officer | 40 | $348,200 |
| KIRA KARBOCUS | CHIEF OPERATING OFFICER(FORMER) Officer | 40 | $189,861 |
| CHRISTOPHER CAPOTOSTO | CHIEF CREATIVE OFFICER Officer | 40 | $174,939 |
| JENNIFER RIEBER | EVENT DIRECTOR Officer | 40 | $148,801 |
| WILLIAM GLASSNER | PARTNERSHIP DIRECTOR & ARC Officer | 40 | $109,003 |
| BRUCE S GORDON | BOARD MEMBER/CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NICHOLAS L PELL | BOARD MEMBER/TREASURER Trustee or director, Officer | 1 | $0 |
| TIM ALBINSON | BOARD MEMBER Trustee or director | 1 | $0 |
| NICOLE BERNARD DAWES | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA BLANCHET | BOARD MEMBER Trustee or director | 1 | $0 |
| PAULA BOGGS | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD M CASHIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL DORF | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN GEWIRZ | BOARD MEMBER Trustee or director | 1 | $0 |
| VIKAS KAPOOR | BOARD MEMBER Trustee or director | 1 | $0 |
| ROGER KASS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA KAUSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM LANZONE | BOARD MEMBER Trustee or director | 1 | $0 |
| C RONALD MACKENZIE | BOARD MEMBER Trustee or director | 1 | $0 |
| RON MCCRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| WARD MOONEY | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM VAREIKA | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT JAY SWEET | BOARD MEMBER/EXECUTIVE DIR Trustee or director, Officer | 40 | $426,750 |
| KIRA KARBOCUS | CHIEF OPERATING OFFICER Officer | 40 | $195,992 |
| CHRISTOPHER CAPOTOSTO | CHIEF CREATIVE OFFICER Officer | 40 | $165,272 |
| WILLIAM GLASSNER | PARTNERSHIP DIRECTOR & ARC Officer | 40 | $102,000 |
| DEBRA GIRARD | DIRECTOR OF TICKETING & AD Officer | 40 | $96,000 |
| BRUCE S GORDON | BOARD MEMBER/CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NICHOLAS L PELL | BOARD MEMBER/TREASURER Trustee or director, Officer | 1 | $0 |
| TIM ALBINSON | BOARD MEMBER Trustee or director | 1 | $0 |
| NICOLE BERNARD DAWES | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA BLANCHET | BOARD MEMBER Trustee or director | 1 | $0 |
| PAULA BOGGS | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD M CASHIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL DORF | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN GEWIRZ | BOARD MEMBER Trustee or director | 1 | $0 |
| VIKAS KAPOOR | BOARD MEMBER Trustee or director | 1 | $0 |
| ROGER KASS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA KAUSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK KERINS | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM LANZONE | BOARD MEMBER Trustee or director | 1 | $0 |
| ANTHONY LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| C RONALD MACKENZIE | BOARD MEMBER Trustee or director | 1 | $0 |
| RON MCCRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| WARD MOONEY | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM VAREIKA | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 ELM ST, MANCHESTER, MA 01944-1314
- In care of
- % GEORGE WEIN
- Principal officer (990 for 2024)
- BRUCE GORDON, 1 ELM STREET, MANCHESTERBYTHESEA, MA 01944
- Signed the 990
- PATRICK KERINS, TREASURER
- Phone
- (978) 768-7664
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
NEWPORT FESTIVAL FOUNDATION'S MISSION IS TO CREATE MOMENTS OF HOPE THROUGH THE POWER OF MUSIC AND COMMUNITY.
Program accomplishments
- IN 2025, THE NEWPORT FOLK FESTIVAL THE FESTIVAL WAS HELD AT FORT ADAMS STATE PARK FROM JULY 25-27. THE FESTIVAL HIGHLIGHTED OVER 60 PERFORMANCES FROM BOTH NEW, UP AND COMING ARTISTS AND ESTABLISHED LEGENDS.Expenses $5,269,481 · revenue $5,151,514
- IN 2025, THE NEWPORT JAZZ FESTIVAL THE FESTIVAL WAS HELD AT FORT ADAMS STATE PARK FROM AUGUST 1-3. THE FESTIVAL HIGHLIGHTED OVER 60 PERFORMANCES FROM BOTH NEW, UP AND COMING ARTISTS AND ESTABLISHED LEGENDS.Expenses $4,894,503 · revenue $4,370,105
- IN 2025, NEWPORT FESTIVALS FOUNDATION CONTINUED TO GROW ITS YEAR-ROUND MUSIC EDUCATION PROGRAMMING. 2025 PROGRAMS INCLUDED FREE MUSIC LESSONS, SUMMER CAMPS, INSTRUMENT DONATIONS, FREE AFTER SCHOOL MUSIC PROGRAMS, MUSICIAN RELIEF FUNDS, AND PARTNERING WITH NEWPORT FESTIVALS ARTISTS TO CREATE CONTENT TO BE SHARED FREE OF CHARGE TO MUSIC EDUCATION PROGRAMS ACROSS THE COUNTRY. FREE FESTIVAL ACCESS WAS PROVIDED FOR SELECT LOCAL NONPROFITS, HIGH SCHOOL STUDENTS AND ALL CHILDREN UNDER 10.Expenses $683,676 · grants $20,000
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
- 27-4099544
- 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
- 2011
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $28,878,923
- Income (IRS master file)
- $15,824,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $12,957,064 | $12,972,120 | $28,878,923 | XML |
| 990 | September 2024 | $12,529,562 | $11,903,144 | $26,656,308 | XML |
| 990 | September 2023 | $11,504,009 | $10,318,956 | $21,607,778 | XML |
| 990 | September 2022 | $11,611,114 | $9,577,985 | $18,922,617 | 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 27-4099544).
Questions about NEWPORT FESTIVALS FOUNDATION INC
- What is the EIN of NEWPORT FESTIVALS FOUNDATION INC?
- The employer identification number (EIN) of NEWPORT FESTIVALS FOUNDATION INC is 27-4099544.
- Is NEWPORT FESTIVALS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to NEWPORT FESTIVALS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWPORT FESTIVALS FOUNDATION INC 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 FESTIVALS FOUNDATION INC 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 NEWPORT FESTIVALS FOUNDATION INC 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 NEWPORT FESTIVALS FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names BRUCE GORDON.
- Who are the officers and directors of NEWPORT FESTIVALS FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 27 people; 5 received compensation from the organization, the highest $348,200 (ALBERT JAY SWEET, BOARD MEMBER/EXECUTIVE DIR).
- How much revenue does NEWPORT FESTIVALS FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $12,957,064, expenses of $12,972,120 and total assets of $28,878,923 at year end.
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