Liabilities / Assets
15th percentile
Higher debt load relative to assets than 15% of similar nonprofits.
Providence Athenaeum
990 • Fiscal year 2020 • EIN 05-0258928
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
30th percentile
Higher debt load relative to revenue than 30% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 10.3% of source-year revenue.
Asset Growth
32nd percentile
Faster asset growth than 32% of similar nonprofits.
Revenue Growth
88th percentile
Faster revenue growth than 88% of similar nonprofits.
Balance Sheet
Assets
Up$13,287,642
Up $166,753 (+1.3%) from 2019
Net Assets
Up$13,114,551
Up $66,047 (+0.5%) from 2019
Liabilities
Up$173,091
Up $100,706 (+139%) from 2019
Revenue And Expenses
Revenue
Up$1,290,484
Up $405,292 (+46%) from 2019
Expenses
Down$1,272,231
Down $2,427 (-0.2%) from 2019
Net Income
Up$18,253
Up $407,719 (+105%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Feb 18, 2021
- Return Version
- 2019v5.2
- Gross Receipts
- $7,710,995
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.
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 46,000 visitors in 2019-20, 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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $10,889,416 | $10,858,109 | ▼ $31,307 |
| Land, Buildings, and Equipment, Net | $1,682,893 | $1,961,042 | ▲ $278,149 |
| Cash and Non-Interest-Bearing Accounts | $112,369 | $247,392 | ▲ $135,023 |
| Savings and Temporary Cash Investments | $378,517 | $186,047 | ▼ $192,470 |
| Prepaid Expenses and Deferred Charges | $25,157 | $17,408 | ▼ $7,749 |
| Accounts Receivable | $26,757 | $14,666 | ▼ $12,091 |
| Inventories for Sale or Use | $5,332 | $2,706 | ▼ $2,626 |
| Total Assets | $13,120,889 | $13,287,642 | ▲ $166,753 |
| Other Assets Total | $448 | $272 | ▼ $176 |
| Liabilities | |||
| Unsecured Notes Loans Payable | - | $133,417 | - |
| Accounts Payable and Accrued Expenses | $63,470 | $33,999 | ▼ $29,471 |
| Deferred Revenue | $8,915 | $5,675 | ▼ $3,240 |
| Total Liabilities | $72,385 | $173,091 | ▲ $100,706 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $10,276,975 | $10,527,516 | ▲ $250,541 |
| Net Assets With Donor Restrictions | $2,771,529 | $2,587,035 | ▼ $184,494 |
| Total Net Assets Fund Balance | $13,048,504 | $13,114,551 | ▲ $66,047 |
| Total Liabilities and Net Assets / Fund Balance | $13,120,889 | $13,287,642 | ▲ $166,753 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,788,257 | $657,138 | $2,445,395 |
| Other Land Buildings | $149,720 | $972,540 | $1,122,260 |
| Equipment | $23,065 | $168,504 | $191,569 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2019 | $10,889,416 | $1,575 | ▲ $471,989 | $504,871 | $10,858,109 |
| 2018 | $10,744,136 | $1,675 | ▲ $652,792 | $509,187 | $10,889,416 |
| 2017 | $10,472,381 | $7,950 | ▲ $760,645 | $496,840 | $10,744,136 |
| 2016 | $9,690,148 | $28,759 | ▲ $1,367,888 | $614,414 | $10,472,381 |
| 2015 | $10,283,213 | $211,174 | ▼ $306,177 | $498,062 | $9,690,148 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Matt Burriesci | Executive Director | FT | $109,913 | $23,556 | $133,469 |
Board Members and Trustees
| Name | Title |
|---|---|
| Jonathan Bell | PRESIDENT AS OF 12/5/19; V PRESIDENT PRIOR |
| R Tripp Evans | President Until 12/5/19, Then Director |
| Jennifer Gazdacko | VICE PRESIDENT FROM 12/5/19; DIRECTOR PRIOR) |
| Grace Farmer | Vice President Through 12/5/19 |
| Brian Charles Hayden | Director |
| Candy Adriance | Director |
| Dr Cathy Lund | Director |
| Ethan Hillary Kisch Md | Director |
| J Scott Burns | Director |
| Kipp Bradford | Director |
| Kqantu Pareja Bennett | Director |
| Kristi Agniel | Director |
| Mark Gim | Director |
| Peter Lofgren | Director |
| Suzanne Scanlan | Director |
| Timothy Philbrick | Director |
| Tom Bryson | Director |
| Touba Ghadessi | Director |
| Melvin Wesley | Director as of 7/17/19 |
| Karen Jessup | Secretary |
| Bradford Gibbs | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $751,545
- Program Service Revenue
- $30,211
- Investment Income
- $491,060
- Other Revenue
- $17,668
- All Other Contributions
- $401,957
- Change in Net Assets
- $18,253
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,225,732
- Revenue Not Reported on Financial Statements
- $64,752
- Revenue Not Reported on Form 990
- $47,794
- Total Revenue per Audited Statements
- $1,273,526
- Total Revenue per Form 990
- $1,290,484
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $800,569 |
| Other Expenses | $457,022 |
| Total Fundraising Expense | $154,924 |
| Professional Fundraising Fees | $14,640 |
| Grants and Similar Amounts Paid | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $438,947 | $98,545 | $8,626 | $546,118 |
| Current Officers, Directors, Trustees, and Key Employees | $1,432 | $70,167 | $71,599 | $143,198 |
| Depreciation Depletion | - | $95,063 | - | $95,063 |
| Fees for Service Investment Mgmnt Fees | - | $64,757 | - | $64,757 |
| Occupancy | $33,596 | $13,010 | $5,642 | $52,248 |
| Payroll Taxes | $34,748 | $11,295 | $5,102 | $51,145 |
| Insurance | $4,728 | $37,971 | - | $42,699 |
| Conferences and Meetings | $33,267 | - | $5,567 | $38,834 |
| Other Employee Benefits | $22,574 | $13,459 | $148 | $36,181 |
| Advertising | $7,579 | - | $27,662 | $35,241 |
| Office Expenses | $11,735 | $4,634 | $11,183 | $27,552 |
| Pension Plan Contributions | $18,580 | $4,858 | $489 | $23,927 |
| Fees for Services Other | $10,829 | $7,468 | $1,165 | $19,462 |
| Fees for Services Professional Fundraising | - | - | $14,640 | $14,640 |
| Fees for Services Accounting | - | $12,500 | - | $12,500 |
| Information Technology | $5,639 | $1,507 | $1,892 | $9,038 |
| Other Expenses | $1,395 | - | $1,160 | $2,555 |
| Travel | $479 | $96 | $49 | $624 |
| Total Functional Expenses | $681,977 | $435,330 | $154,924 | $1,272,231 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $1,272,231 |
| Expenses per Audited Statements | $1,207,479 |
| Total Expenses per Audited Statements | $1,207,479 |
| Expenses Not Reported on Financial Statements | $64,752 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $14,640 |
| Fundraising Direct Expenses | $7,058 |
| Fundraising Gross Income | $3,260 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Poe Event | $27,000 | $3,260 | $7,058 | $-3,798 |
| Total Events | $27,000 | $3,260 | $7,058 | $-3,798 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“Any person who shall pay dues specified by the board of directors shall be a member of the athenaeum. Each member shall be entitled to all the rights and privileges provided to members by the bylaws of the athenaeum and subject to rules and regulations made by the board.”
Form 990, Part VI, Section A, Line 7A
“All members are entitled to attend membership meetings and to vote in the election of directors and officers.”
Form 990, Part VI, Section A, Line 7B
“Bylaws may be altered or amended, in whole or in part, at any meeting of the members.”
Form 990, Part VI, Section B, Line 11B
“The form 990 is initially reviewed by the director of administration and finance to verify accuracy in accordance with information provided to the auditors, and corrections are made as needed. A copy of the return is then provided to the treasurer and executive director for review, and corrections are made as needed. Copies in electronic or paper form are then distributed to the board for review and approval.”
Form 990, Part VI, Section B, Line 12C
“The organization monitors and enforces its conflict of interest policy through policy review, examples, disclosure, and withdrawal from participation, if necessary.”
Form 990, Part VI, Section B, Line 15A
“The finance committee and board of directors review and approve the compensation of the executive director on an annual basis.”
Form 990, Part VI, Section C, Line 19
“Streamlined financial statements are published in the annual report to the membership. Other policies and full financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Providence Athenaeum
- EIN
- 05-0258928
- Phone
- 4014216970
- Address
- 251 BENEFIT STREET, PROVIDENCE, RI 02903
Signing Officer
- Name
- Matt Burriesci
- Title
- Executive Director
- Phone
- 4014216970
- Signed
- 2021-02-18
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Matt Burriesci
- Formed
- 1836
- Legal Domicile
- Ri
- Voting Board Members
- 20
- Independent Board Members
- 20
- Employees
- 23
- Volunteers
- 40
Preparer
- Firm
- Mullen Scorpio & Cerilli
- Address
- 67 CEDAR STREET, PROVIDENCE, RI 02903
- Preparer
- Anthony W Scorpio
- Phone
- 4017513860
Supplemental Narrative
Additional Explanations
Form 990 Part X11 Line 2C
“The organization did not change its method of selection or oversight of its independent auditors.”
Financial Statement Notes
PART III, LINE 1A:
“Inexhaustible collections are not capitalized by the athenaeum as the values are not readily determinable. New acquisitions of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as decreases in temporarily restricted net assets if the assets used to purchase the items were restricted by donors. Contributed collection items are also not reflected in the financial statements.”
PART III, LINE 4:
“The providence athenaeum, founded as "the athenaeum" in 1836, is one of the city's oldest cultural centers and one of only 17 u.s. Membership libraries existing today. Its progenitors were two earlier libraries, the providence library company, founded in 1753, and the providence athenaeum, founded in 1831; it became "the providence athenaeum" by amendment to its charter in 1850. The library houses close to 176,000 circulating books, periodicals, and unique and rare books and manuscripts. Its special collections include the original founders' collection; incunabula and manuscripts dating back to the 1300s; significant arts and crafts, travel and exploration, r.i. Industry, and natural history collections; 18th- and 19th-century fiction; and early children's literature. The special collections and archives contain documents that reveal its rich architectural history and provide insights into the intellectual, cultural, economic, and political thinking in providence, new england, and america that help to inform the athenaeum's eclectic programming. As one of the oldest cultural institutions in the state, the athenaeum has long served as a place for citizens to meet and learn from one another. We are continuing to serve a broad public and determined to involve an even larger community at many more levels. The core values of vision 2020 speak to the athenaeum's belief that the active participation of a broad and diverse population is critical in fostering a democratic society. As of the fall of 2020, all our programs were open to the public.”
PART V, LINE 4:
“The intended use of the endowment fund is to generate additional needed revenue to be used to further the purposes of the athenaeum's mission.”
PART X, LINE 2:
“The athenaeum evaluates its uncertain tax positions using the guidance for contingencies as contained in generally accepted accounting principles. The athenaeum was not aware of any uncertain tax positions that were not provided for in the accompanying financial statements.”
Raw XML AppendixShowing 400 of 637 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 33999 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 26757 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 14666 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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 46,000 VISITORS IN 2019-20, 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. |
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| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 7579 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 35241 |
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| IRS990/Desc | 0 | CIRCULATING LIBRARY: THE PROVIDENCE ATHENAEUM HAS ALWAYS BEEN DEDICATED TO SERVING THE GENERAL READER AND PUBLIC. THE LIBRARY HOUSES SOME 176,000 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 2019-20, WE ADDED 1,374 ITEMS, CIRCULATED 21,740 ITEMS, ANSWERED 158 REFERENCE QUESTIONS AND CONDUCTED 30 RESEARCH APPOINTMENTS. |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 18 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 19 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 20 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 23556 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | R TRIPP EVANS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | J SCOTT BURNS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BRADFORD GIBBS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CANDY ADRIANCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JONATHAN BELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KQANTU PAREJA BENNETT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | TOUBA GHADESSI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ETHAN HILLARY KISCH MD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TIMOTHY PHILBRICK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KAREN JESSUP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | KRISTI AGNIEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DR CATHY LUND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | KIPP BRADFORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | MARK GIM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | BRIAN CHARLES HAYDEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | TOM BRYSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | JENNIFER GAZDACKO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | PETER LOFGREN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | SUZANNE SCANLAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | MELVIN WESLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | GRACE FARMER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | MATT BURRIESCI |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 109913 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT UNTIL 12/5/19, THEN DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | PRESIDENT AS OF 12/5/19; V PRESIDENT PRIOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | VICE PRESIDENT FROM 12/5/19; DIRECTOR PRIOR) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR AS OF 7/17/19 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | VICE PRESIDENT THROUGH 12/5/19 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1836 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 1 |
| IRS990/FundraisingAmt | 0 | 23740 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 7058 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 3260 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 258194 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 20 |
| IRS990/GovernmentGrantsAmt | 0 | 139633 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 6671647 |
| IRS990/GrossReceiptsAmt | 0 | 7710995 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 20618 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 20 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 1892 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 1507 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 5639 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 9038 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 37971 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4728 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 42699 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 5332 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 2706 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 232866 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 232866 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 10889416 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 10858109 |
| IRS990/IRPDocumentCnt | 0 | 16 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1798182 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1682893 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1961042 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3759224 |
| IRS990/LegalDomicileStateCd | 0 | RI |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 6413453 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 186215 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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 46,000 VISITORS IN 2019-20, 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 13048504 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 13114551 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 258194 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 258194 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -3798 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -3798 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 20618 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 20618 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 47794 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 10276975 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 10527516 |
| IRS990/NoncashContributionsAmt | 0 | 19640 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 5642 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 13010 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 33596 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 52248 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 11183 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4634 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 11735 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 27552 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 448 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 272 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 148 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 13459 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 22574 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 36181 |
| IRS990/OtherExpensesGrp/Desc | 0 | LIBRARY MATERIALS, PRES |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 1160 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 56449 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1395 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 56449 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 2555 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 848 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 848 |
| IRS990/OtherRevenueTotalAmt | 0 | 848 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 8626 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 98545 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 438947 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 546118 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 5102 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 11295 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 34748 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 51145 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 489 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 4858 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 18580 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 23927 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 25157 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 17408 |
| IRS990/PrincipalOfficerNm | 0 | MATT BURRIESCI |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM SPONSORSHIPS AND ATTENDAN |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LIBRARY OPERATIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 22672 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 7539 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 22672 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 7539 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | 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 2019-20, WE HOSTED 88 CHILDREN'S EVENTS WITH 1,588 ATTENDING, 114 ADULT PROGRAMS WITH 7,805 ATTENDING AND CURATED APPROXIMATELY 9 EXHIBITS AND 54 TOURS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 241321 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 22672 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | 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. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 17415 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 623993 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 170804 |
| IRS990/PYOtherExpensesAmt | 0 | 485813 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $13,287,642
- Liabilities
- $173,091
- Net assets
- $13,114,551
- Revenue
- $1,290,484
- Expenses
- $1,272,231
- Net income
- $18,253