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Water Fire Providence

Water Fire Providence

Providence, RI 02908
Tax ID22-2951612

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About this organization

Revenue

$2,434,952

Expenses

$2,574,801

Mission

Waterfire Providence's mission is to inspire Providence and its visitors by revitalizing the urban experience, fostering community engagement, and creatively transforming the city by presenting Waterfire for all to enjoy.

About

Waterfire Providence manages and organizes Waterfire, a large public art installation/event (9) full fires and (2) basin fires in 2018. Waterfire draws between 10,000 and 100,000 spectators into downtown Providence, RI each evening and approx 1,000,000 over the course of the season from May to December. More than 50% of attendees travel from out of state specifically to experience Waterfire and create a significant economic impact in their wake. Waterfire Providence generates $114 million of economic impact for local businesses and $9 million of direct tax revenue for the state of RI and supports 1,294 additional jobs for residents. Waterfire secures millions of dollars of traditional and new media value painting Providence in a positive light each year making RI a top international cultural tourism destination. In 2018, Waterfire moved into the Waterfire Arts Center, the organization's first permanent visible home in the community and a multi-use arts venue that hosts exhibitions, performances, events and educational programs open to the public.

Interesting data from their 2019 990 filing

The purpose of the non-profit is stated in the filing as “An arts organization that inspires providence and its visitors by revitalizing the urban experience, fostering community engagement and creatively transforming the city by presenting waterfire.”.

Their activities were defined as: “See scheule owaterfire providence (r) mission is to inspire providence and its visitors by revitalizing the urban experience, fostering community engagement and creatively transforming the city by presenting waterfire for all to enjoy.”.

  • As per legal requirements, the non-profit's state of operation is reported as RI.
  • The non-profit's address in 2019 as per the filing is 475 VALLEY STREET, PROVIDENCE, RI, 02908.
  • The form of the non-profit organization shows 46 employees as of 2019.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $48,944.
  • The organization has 25 independent voting members.
  • The organization was formed in 1988.
  • The organization pays $1,336,533 in salary, compensation, and benefits to its employees.
  • The organization pays $385,060 in fundraising expenses.

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