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Arts, Culture, Humanities : Performing Arts

Waterfire Providence

Transforming place and building community with art

three stars

83.78

475 Valley Street WaterFire Arts Center
Providence, RI 02908
tel: (401) 443-5512   Web Site
EIN: 22-2951612

Board Leadership
James Prescott
Chair

CEO
Peter Mello
Managing Director, Co-CEO

  Score
(out of 100)
Rating
Overall Score & Rating 83.78 three stars
  Financial 82.65 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 03/01/2020 and includes data from FY2018, the most recent 990 received at that time.

WaterFire Providence is an independent, nonprofit arts organization whose 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.

WaterFire Providence is an independent, nonprofit arts organization whose 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.

Impact Information

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Reported Results
Showing 3 of 4
Total in 2018
Total number of performances
11
Total number of guided tours given
12
Number of paid participants of guided tours
150
Total number of audience members
1,000,000
This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

82.65

Accountability & Transparency

three stars

85.00

This rating was published 03/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
71.1%
  Administrative Expenses 15.0%
  Fundraising Expenses 13.8%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 2.31
  Program Expenses Growth 3.6%
  Liabilities to Assets 20.4%
All data for Financial Performance Metrics calculations was provided by Waterfire Providence on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Waterfire Providence on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Waterfire Providence (RI) 83.78 three stars
Aspen Music Festival and School (CO) 91.59 four stars
May Festival (OH) 87.46 three stars
Hudson Valley Shakespeare Festival Inc. (NY) 87.64 three stars
Strings Music Festival (CO) 90.64 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,309,959
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $92,740
   Related Organizations $0
   Government Grants $451,500
Total Contributions $1,854,199
   Program Service Revenue $89,992
Total Primary Revenue $1,944,191
   Other Revenue $490,761
TOTAL REVENUE $2,434,952
   
EXPENSES  
   Program Expenses $1,898,601
   Administrative Expenses $375,508
   Fundraising Expenses $300,692
TOTAL FUNCTIONAL EXPENSES $2,574,801
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-139,849
   
Net Assets $5,751,252

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Production of Waterfire $1,898,601 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 03/01/2020 83.78 three stars
2017-12 05/01/2019 86.47 three stars
2016-12 06/01/2018 84.74 three stars
2015-12 08/01/2017 87.20 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 22-2951612
Name in IRS Master File WATERFIRE PROVIDENCE
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (91) Art exhibit
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1989
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$96,001 3.72% Barnaby Evans Director
Other Salaries of Note
$101,509 3.94% Paul Kochanek Director Of Events and Operations
$93,337 3.62% Peter Mello Co-Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Waterfire Providence (RI) 83.78 three stars
Charleston Wine + Food Festival (SC) 91.36 four stars
Grand Teton Music Festival (WY) 97.87 four stars
Denver Film Society (CO) 89.15 three stars
Jazz Aspen Snowmass (CO) 85.49 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Waterfire Providence
475 Valley Street
WaterFire Arts Center
Providence, RI 02908
tel: (401) 443-5512
EIN: 22-2951612

Visit Web Site

Board Leadership

James Prescott
Chair

CEO

Peter Mello
Managing Director, Co-CEO

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