Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1977.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
23 people listed on the 990; $141K paid to officers and key staff.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Clifford Wood | — | $159,092 | — | — | — | — |
| Cliff Wood | — | — | $150,092 | $145,627 | $140,663 | $140,662 |
| David Salvatore | $77,188 | — | — | — | — | — |
| Nick Freemon | — | $57,430 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Drives downtown development and investment through policy, planning, and project coordination.
Questions for The Providence Foundation
Your first name shows with your question. The Providence Foundation answers here, for everyone.
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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $678K | $633K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $681K | $636K |
| LiabilitiesLn 26 | $20K | $12K |
| Net assetsLn 32 | $661K | $625K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $179K | $107K | $72K | |
| Other salaries and wagesLn 7 | $150K | $112K | $38K | |
| Pension plan contributionsLn 8 | $13K | $10K | $2K | |
| Other employee benefitsLn 9 | $22K | $17K | $5K | |
| Payroll taxesLn 10 | $23K | $16K | $7K | |
| Accounting feesLn 11c | $15K | $8K | $8K | |
| Lobbying feesLn 11d | $30K | $30K | ||
| Other fees for servicesLn 11g | $65K | $57K | $8K | |
| Advertising and promotionLn 12 | $26K | $25K | $176 | |
| Office expensesLn 13 | $10K | $3K | $7K | |
| OccupancyLn 16 | $18K | $12K | $7K | |
| TravelLn 17 | $200 | $200 | ||
| Conferences, conventions and meetingsLn 19 | $366 | $366 | ||
| InsuranceLn 23 | $7K | $4K | $4K | |
| Other expenses (24a–d)Ln 24 | $189K | $187K | $2K | |
| All other expensesLn 24e | $3K | $609 | $2K | |
| Total functional expensesLn 25 | $751K | $559K | $192K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $504K | $431K | $73K | $302K | 990 PDF |
| FY2024 | $528K | $729K | −$201K | $228K | 990 PDF |
| FY2023 | $824K | $1.0M | −$176K | $429K | 990 PDF |
| FY2022 | $1.0M | $1.0M | −$20K | $605K | 990 PDF |
| FY2021 Viewing | $715K | $751K | −$36K | $625K | 990 PDF |
| FY2020 | $559K | $636K | −$77K | $661K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $715,090 revenue, 12 lines filed
Part VI · Governance 22 of 23 board members independent, no flags
Part VIII · Statement of revenue $715,090 across 6 lines filed
Part IX · Statement of functional expenses $751,023 across 16 lines filed
Part X · Balance sheet $636,495 assets, 12 lines filed
Part XI · Reconciliation of net assets $624,887 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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