Providence Foundation
Providence Foundation
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About this organization
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 targets projects and policies that have a catalytic effect; 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.
About
The foundation has undertaken several studies relative to the revitalization of the downtown area in Providence, RI. The studies focus on economic and future physical development of the state. The foundation has also created a task force to increase public knowledge of the arts, history, architecture, and entertainment in the area.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “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 targets projects and policies that have a catalytic effect; 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.”.
When outlining its functions, they were explained as: “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 targets projects and policies that have a catalytic effect; 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.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as RI.
- The filing records the non-profit's address for 2020 as 30 EXCHANGE TERRACE, PROVIDENCE, RI, 02903.
- As of 2020, the non-profit's form reports a total of 10 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $19,509.
- The organization has 24 independent voting members.
- The organization was formed in 1974.
- The organization pays $610,331 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.