Civic Intelligence

Providence Athenaeum

990 • Fiscal year 2011 • EIN 05-0258928

Jul 01, 2010 to Jun 30, 2011 • Filed on Nov 14, 2011

251 Benefit Street02903
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2011 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

81st percentile

15%

Faster asset growth than 81% of similar nonprofits.

2011 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$10,785,287

Up $1,424,172 (+15%) from 2010

Net Assets

Up

$10,759,289

Up $1,471,062 (+16%) from 2010

Liabilities

Down

$25,998

Down $46,890 (-64%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$888,047

Down $15,595 (-1.7%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $9,361,115Liabilities 2010: $72,888Net Assets 2010: $9,288,2272010Assets 2011: $10,785,287Liabilities 2011: $25,998Net Assets 2011: $10,759,2892011Assets 2012: $10,542,615Liabilities 2012: $72,588Net Assets 2012: $10,470,0272012Assets 2013: $11,327,470Liabilities 2013: $61,975Net Assets 2013: $11,265,4952013Assets 2014: $12,373,249Liabilities 2014: $55,983Net Assets 2014: $12,317,2662014Assets 2015: $11,915,890Liabilities 2015: $48,208Net Assets 2015: $11,867,6822015Assets 2016: $11,518,136Liabilities 2016: $86,160Net Assets 2016: $11,431,9762016Assets 2017: $12,393,423Liabilities 2017: $57,566Net Assets 2017: $12,335,8572017Assets 2018: $12,948,991Liabilities 2018: $62,056Net Assets 2018: $12,886,9352018Assets 2019: $13,120,889Liabilities 2019: $72,385Net Assets 2019: $13,048,5042019Assets 2020: $13,287,642Liabilities 2020: $173,091Net Assets 2020: $13,114,5512020Assets 2021: $16,166,387Liabilities 2021: $207,141Net Assets 2021: $15,959,2462021Assets 2022: $13,863,990Liabilities 2022: $108,860Net Assets 2022: $13,755,1302022Assets 2023: $15,061,010Liabilities 2023: $115,541Net Assets 2023: $14,945,4692023Assets 2024: $16,207,117Liabilities 2024: $99,701Net Assets 2024: $16,107,4162024Assets 2025: $17,289,075Liabilities 2025: $100,676Net Assets 2025: $17,188,3992025

Highlighted filing

2011

Assets$10,785,287
Liabilities$25,998
Net Assets$10,759,289

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $903,6422010Expenses 2011: $888,0472011Expenses 2012: $971,3662012Revenue 2013: $938,707Expenses 2013: $987,657Net Income 2013: -$48,9502013Revenue 2014: $2,929,446Expenses 2014: $996,884Net Income 2014: $1,932,5622014Revenue 2015: $990,944Expenses 2015: $1,059,630Net Income 2015: -$68,6862015Revenue 2016: $1,249,708Expenses 2016: $1,159,621Net Income 2016: $90,0872016Revenue 2017: $1,868,299Expenses 2017: $1,227,186Net Income 2017: $641,1132017Revenue 2018: $1,552,839Expenses 2018: $1,297,082Net Income 2018: $255,7572018Revenue 2019: $885,192Expenses 2019: $1,274,658Net Income 2019: -$389,4662019Revenue 2020: $1,290,484Expenses 2020: $1,272,231Net Income 2020: $18,2532020Revenue 2021: $2,203,845Expenses 2021: $1,480,585Net Income 2021: $723,2602021Revenue 2022: $2,102,324Expenses 2022: $1,951,057Net Income 2022: $151,2672022Revenue 2023: $1,696,298Expenses 2023: $1,452,750Net Income 2023: $243,5482023Revenue 2024: $1,581,096Expenses 2024: $1,496,411Net Income 2024: $84,6852024Revenue 2025: $2,350,621Expenses 2025: $1,747,621Net Income 2025: $603,0002025

Highlighted filing

2011

Revenue-
Expenses$888,047
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Nov 14, 2011
Return Version
2010v3.2
Gross Receipts
$3,757,873
Mission and Program Overview

Mission

The providence athenaeum is an independent member-supported library and cultural center, founded in 1836 and open to the public. Having always been organized as a cultural institution for the benefit of the entire community, the athenaeum obtained recognition as a not-for-profit 501(c)(3) organization in the 1970s. Today it continues to fulfill the intention of its founders by offering a broad range of services to a diverse public, with nearly 57,000 visitors in 2018-19, more than 1,000 of whom support the library directly through membership and donations. The collections, programming and the services we provide are of primary interest to local as well as national scientists, authors, educators, musicians, actors, poets, artists, and journalists from all walks of life.

Major Activities

Activity 2
Public programs: the providence athenaeum offers year-round children's programs, including story hours, arts and crafts, and seasonal events. Adults also enjoy a variety of lively programs such as poetry readings, lectures on travel, contemporary issues and the arts. During fiscal year 2010-2011, we hosted 223 children's events with almost 1,500 attending, 56 adult programs with over 3,500 attending and curated approximately 43 exhibits/tours. More than 33,000 people visited the athenaeum during the year.
Activity 3
Historic preservation of collections and building: the athenaeum's collections and historic building are maintained in the spirit of its founders in order to enrich the lives of all who enter its granite walls. The athenaeum, known by its handsome greek revival building, maintains special collections that are valuable and rare. Our collections highlight the strengths of the providence athenaeum and its antecedents since 1753, in documenting the history of the book and book culture in providence during the 18th and 19th centuries. The building & grounds committee, a board committee oversees the building, furnishings, and grounds of the providence athenaeum, prioritizes the need for elective repairs or changes and makes recommendations to the board of directors on how to proceed. This year we have addressed needed repairs as well as improved functionality. With grant funding from the champlin foundations, ida ballou littlefield memorial trust, and the june rockwell levy foundation, we installed a caterer's kitchen off the main reading room, bringing new efficiency to programs.
Filing and Contact Details

Filer

EIN
05-0258928
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IRS990/Activity2/Description0PUBLIC PROGRAMS: THE PROVIDENCE ATHENAEUM OFFERS YEAR-ROUND CHILDREN'S PROGRAMS, INCLUDING STORY HOURS, ARTS AND CRAFTS, AND SEASONAL EVENTS. ADULTS ALSO ENJOY A VARIETY OF LIVELY PROGRAMS SUCH AS POETRY READINGS, LECTURES ON TRAVEL, CONTEMPORARY ISSUES AND THE ARTS. DURING FISCAL YEAR 2010-2011, WE HOSTED 223 CHILDREN'S EVENTS WITH ALMOST 1,500 ATTENDING, 56 ADULT PROGRAMS WITH OVER 3,500 ATTENDING AND CURATED APPROXIMATELY 43 EXHIBITS/TOURS. MORE THAN 33,000 PEOPLE VISITED THE ATHENAEUM DURING THE YEAR.
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IRS990/Activity3/Description0HISTORIC PRESERVATION OF COLLECTIONS AND BUILDING: THE ATHENAEUM'S COLLECTIONS AND HISTORIC BUILDING ARE MAINTAINED IN THE SPIRIT OF ITS FOUNDERS IN ORDER TO ENRICH THE LIVES OF ALL WHO ENTER ITS GRANITE WALLS. THE ATHENAEUM, KNOWN BY ITS HANDSOME GREEK REVIVAL BUILDING, MAINTAINS SPECIAL COLLECTIONS THAT ARE VALUABLE AND RARE. OUR COLLECTIONS HIGHLIGHT THE STRENGTHS OF THE PROVIDENCE ATHENAEUM AND ITS ANTECEDENTS SINCE 1753, IN DOCUMENTING THE HISTORY OF THE BOOK AND BOOK CULTURE IN PROVIDENCE DURING THE 18TH AND 19TH CENTURIES. THE BUILDING & GROUNDS COMMITTEE, A BOARD COMMITTEE OVERSEES THE BUILDING, FURNISHINGS, AND GROUNDS OF THE PROVIDENCE ATHENAEUM, PRIORITIZES THE NEED FOR ELECTIVE REPAIRS OR CHANGES AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON HOW TO PROCEED. THIS YEAR WE HAVE ADDRESSED NEEDED REPAIRS AS WELL AS IMPROVED FUNCTIONALITY. WITH GRANT FUNDING FROM THE CHAMPLIN FOUNDATIONS, IDA BALLOU LITTLEFIELD MEMORIAL TRUST, AND THE JUNE ROCKWELL LEVY FOUNDATION, WE INSTALLED A CATERER'S KITCHEN OFF THE MAIN READING ROOM, BRINGING NEW EFFICIENCY TO PROGRAMS.
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IRS990/Description0CIRCULATING LIBRARY: THE PROVIDENCE ATHENAEUM HAS ALWAYS BEEN DEDICATED TO SERVING THE GENERAL READER AND PUBLIC. THE LIBRARY HOUSES SOME 200,000 BOOKS, INCLUDING CONTEMPORARY TITLES AND MATERIALS ON CD AND DVD. THE ATHENAEUM SELECTS THE BEST PUBLISHED LITERATURE, FICTION AND NON-FICTION AVAILABLE EACH YEAR IN A VARIETY OF SUBJECTS FOR THE INFORMED READER. OUR COLLECTIONS ARE ACCESSIBLE ONSITE AND THROUGH AN AUTOMATED CATALOGING SYSTEM, AND A CONTINUALLY UPDATED WEBSITE. DURING FISCAL YEAR 2010-2011, WE ADDED 1,400 ITEMS, CIRCULATED 39,403 ITEMS, ANSWERED 197 REFERENCE QUESTIONS AND CONDUCTED 52 RESEARCH APPOINTMENTS.
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IRS990/MissionDescription0THE PROVIDENCE ATHENAEUM IS AN INDEPENDENT, MEMBER-SUPPORTED LIBRARY THAT OPENED ON BENEFIT STREET IN 1838. ITS ANTECEDENT WAS AN EARLIER LIBRARY, THE PROVIDENCE LIBRARY COMPANY, FOUNDED IN 1753. HAVING ALWAYS BEEN ORGANIZED AS A CULTURAL INSTITUTION FOR THE BENEFIT OF THE ENTIRE COMMUNITY, THE ATHENAEUM OBTAINED RECOGNITION AS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION IN THE 1970S. TODAY IT CONTINUES TO FULFILL THE INTENTION OF ITS FOUNDERS BY OFFERING A BROAD RANGE OF SERVICES TO A DIVERSE PUBLIC, NEARLY 1,000 OF WHOM SUPPORT THE LIBRARY DIRECTLY THROUGH MEMBERSHIP AND DONATION. THE COLLECTIONS, PROGRAMMING AND THE SERVICES WE PROVIDE ARE OF PRIMARY INTEREST TO LOCAL AS WELL AS NATIONAL SCIENTISTS, AUTHORS, EDUCATORS, MUSICIANS, ACTORS, POETS, ARTISTS, AND JOURNALISTS FROM ALL WALKS OF LIFE.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0ALISON MAXELL
IRS990/NbrIndependentVotingMembers020
IRS990/NbrVotingGoverningBodyMembers020
IRS990/NbrVotingMembersGoverningBody020
IRS990/NetAssetsOrFundBalancesBOY09288227
IRS990/NetAssetsOrFundBalancesEOY010759289
IRS990/NetGainOrLossInvestments/ExclusionAmount068427
IRS990/NetGainOrLossInvestments/TotalRevenueColumn068427
IRS990/NetIncomeFromFundraisingEvents/ExclusionAmount039418
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn039418
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NoncashContributions01477
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096012
IRS990/NumberIndependentVotingMembers020
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees023
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Fundraising0485
IRS990/Occupancy/ManagementAndGeneral03394
IRS990/Occupancy/ProgramServices033937
IRS990/Occupancy/Total037816
IRS990/OfficeExpenses/Fundraising08937
IRS990/OfficeExpenses/ManagementAndGeneral05568
IRS990/OfficeExpenses/ProgramServices013894
IRS990/OfficeExpenses/Total028399
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY0632
IRS990/OtherAssetsTotal/EOY0532
IRS990/OtherEmployeeBenefits/Fundraising01868
IRS990/OtherEmployeeBenefits/ManagementAndGeneral014013
IRS990/OtherEmployeeBenefits/ProgramServices030829
IRS990/OtherEmployeeBenefits/Total046710
IRS990/OtherExpensePriorYear0329994
IRS990/OtherExpensesCurrentYear0350378
IRS990/OtherExpenses/Description0PROGRAM EXPENSES
IRS990/OtherExpenses/Description1CATALOGUING FEES
IRS990/OtherExpenses/Description2MISCELLANEOUS EXPENSE
IRS990/OtherExpenses/Description3OFFSITE STORAGE
IRS990/OtherExpenses/Description4BANK FEES
IRS990/OtherExpenses/Fundraising02607
IRS990/OtherExpenses/Fundraising1129
IRS990/OtherExpenses/ManagementAndGeneral02928
IRS990/OtherExpenses/ManagementAndGeneral1966
IRS990/OtherExpenses/ProgramServices030755
IRS990/OtherExpenses/ProgramServices112737
IRS990/OtherExpenses/ProgramServices23473
IRS990/OtherExpenses/ProgramServices33765
IRS990/OtherExpenses/ProgramServices42125
IRS990/OtherExpenses/Total030755
IRS990/OtherExpenses/Total112737
IRS990/OtherExpenses/Total29008
IRS990/OtherExpenses/Total33765
IRS990/OtherExpenses/Total43220
IRS990/OtherRevenueCurrentYear039418
IRS990/OtherRevenuePriorYear028761
IRS990/OtherSalariesAndWages/Fundraising013768
IRS990/OtherSalariesAndWages/ManagementAndGeneral0103266
IRS990/OtherSalariesAndWages/ProgramServices0229108
IRS990/OtherSalariesAndWages/Total0346142
IRS990/OtherWebsite0X
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Fundraising01399
IRS990/PayrollTaxes/ManagementAndGeneral010495
IRS990/PayrollTaxes/ProgramServices023090
IRS990/PayrollTaxes/Total034984
IRS990/PensionPlanContributions/Fundraising0777
IRS990/PensionPlanContributions/ManagementAndGeneral05827
IRS990/PensionPlanContributions/ProgramServices012818
IRS990/PensionPlanContributions/Total019422
IRS990/PermanentlyRestrictedNetAssets/BOY01513459
IRS990/PermanentlyRestrictedNetAssets/EOY01514784
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY014193
IRS990/PrepaidExpensesDeferredCharges/EOY015201
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenueCY028550
IRS990/ProgramServiceRevenue/Description0PROGRAM SPONSORSHIPS A
IRS990/ProgramServiceRevenuePriorYear027161
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome013442
IRS990/ProgramServiceRevenue/TotalRevenueColumn013442
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions01
IRS990/QuidProQuoDisclosure00
IRS990/ReconcilationOtherChanges01636235
IRS990/ReconcilationRevenueExpenses0-165173
IRS990/RegularMonitoringEnforcement00
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities00
IRS990/ReportProgRelInvest00
IRS990/RevenuesLessExpensesCY0-165173
IRS990/RevenuesLessExpensesPriorYear0-764528
IRS990/SalariesEtcCurrentYear0537669
IRS990/SalariesEtcPriorYear0573648
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear0360292
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year0371364
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years0523444
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0399308
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years0400163

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$0.10$17.2$2.35$1.75$0.60
2024Detailed filing. Detailed filing data is available for this year.$16.2$0.10$16.1$1.58$1.50$0.08
2023Detailed filing. Detailed filing data is available for this year.$15.1$0.12$14.9$1.70$1.45$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$0.11$13.8$2.10$1.95$0.15
2021Detailed filing. Detailed filing data is available for this year.$16.2$0.21$16.0$2.20$1.48$0.72
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.17$13.1$1.29$1.27$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$0.07$13.0$0.89$1.27$0.39
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$0.06$12.9$1.55$1.30$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$0.06$12.3$1.87$1.23$0.64
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.09$11.4$1.25$1.16$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$0.05$11.9$0.99$1.06$0.07
2014Detailed filing. Detailed filing data is available for this year.$12.4$0.06$12.3$2.93$1.00$1.93
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$0.06$11.3$0.94$0.99$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.07$10.5$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$0.03$10.8$0.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$0.07$9.29$0.90