Newport Festivals Foundation Inc

Arts & culture organization based in Manchesterbythesea, MA. 401 employees. Exempt under §501(c)(3).

MissionNEWPORT FESTIVAL FOUNDATION'S MISSION IS TO CREATE MOMENTS OF HOPE THROUGH THE POWER OF MUSIC AND COMMUNITY.

EIN
27-4099544
State
MA
Sector
Arts & culture
Budget band
$10M–$25M
Latest filing
TY 2023
Records
5 officers · 5 years

Financial snapshot · TY 2023

$12.5M
Total revenue
$11.9M
Total expenses
$26.7M
Net assets

Financial health · TY 2023

95
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
23.8 months of expenses
Program efficiency
97
88.6% spent on programs
Revenue diversity
80
Mix of program fees, grants & contributions

Leadership compensation

Albert Jay Sweet
BOARD MEMBER/EXECUTIVE DIR
$348,200
77th percentile vs. peers
Kira Karbocus
CHIEF OPERATING OFFICER(FORMER)
$189,861
64th percentile vs. peers
Christopher Capotosto
CHIEF CREATIVE OFFICER
$174,939
65th percentile vs. peers
Jennifer Rieber
EVENT DIRECTOR
$148,801
65th percentile vs. peers
William Glassner
PARTNERSHIP DIRECTOR & ARC
$109,003
65th percentile vs. peers

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Newport Festivals Foundation Inc Executive Compensation | 990 Data | DoubleNine