Art & Newport
Nonprofit profile at a glance
- EIN
- 825295615
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Middletown, RI, USA
- Phone
- 4013083111
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $83,823
- Expenses
- $69,596
- Assets
- $225,287
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Roger Kass (CFO)
- Dodie Kazanjian (Director)
- Edith McBean (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Art & Newport develops and hosts arts events in Newport RI to educate the public and create programs which feature the city's natural landscape and history. Art & Newport's art projects and partnerships will build on, and further establish, Newport's reputation as a leading world-class cultural destination.
What it reported doing in 2024
The art presentation, Christo and Jeanne-Claude: Ocean Front, 50 Years Later and Eric Mack, July 13 - Dec 29,2024, was an art exhibition presented at the Newport Art Museum,76 Bellevue Avenue, Newport RI.The exhibit was organized by curator Dodie Kazanjian, and featured original collages, drawings, archival materials, and documentary photographs by Gianfranco Gorgoni. These pieces offered a comprehensive look at the artistic process behind the Ocean Front project, Christo and Jeanne-Claudes first public work on the East Coast. Ocean Front involved covering the cove at Newport's King's Beach with 150,000 square feet of white woven polypropylene floating fabric using a custom boom and rigging system. Already famous for their environmentally-scaled installations that reimagined dramatic landscapes, Ocean Front marked the duos pioneering effort to temporarily cover a part of the sea. In conjunction with the Ocean Front exhibition, the Museum also featured a commissioned installation by New York-based artist Eric N. Mack. Known for his dynamic use of textiles and found materials, Macks work engages directly with the legacy of Christo and Jeanne-Claude, echoing the innovative spirit of Ocean Front by exploring the boundaries of fabric, form, and space.Presented in partnership with Newport Art Museum, the exhibit revisited the groundbreaking 1974 installation and highlighted what attracted Christo and Jeanne-Claude to Newport - the citys rich maritime history and architectural heritage provided a perfect canvas for their transformative vision.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 62
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.1%; rating input score 74
- Program expense ratio: 89.3%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 17%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 3.24; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -14.3% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -29% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 19.9% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 74.1% of revenue deployed · 89.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $62K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.