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TO MAINTAIN THE NEWPORT JAZZ FESTIVAL AND NEWPORT FOLK FESTIVAL.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$12.5M
Program Spending
89%
of total expenses go to program services
Total Contributions
$3.1M
Total Expenses
▼$11.9M
Total Assets
$26.7M
Total Liabilities
▼$1.9M
Net Assets
$24.7M
Officer Compensation
→$970.8K
Other Salaries
$1.3M
Investment Income
$424.8K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
1
Clean years
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $5.1M | Yes | 2024-05-03 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$5.1M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $12.5M | $3.1M | $11.9M | $26.7M | $24.7M |
| 2022IRS e-File | $11.5M | $2.4M | $10.3M | $21.6M | $20.7M |
| 2021 | $11.1M | $4.9M | $7.3M | $20.1M | $18.8M |
| 2020 | $4.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Albert Jay Sweet | Board Member/executive Dir | 40 | $348.2K | $0 | $0 | $348.2K |
| Kira Karbocus | Chief Operating Officer(former) | 40 | $189.9K | $0 | $0 | $189.9K |
| Christopher Capotosto | Chief Creative Officer | 40 | $174.9K | $0 | $0 | $174.9K |
| Jennifer Rieber | Event Director | 40 | $148.8K | $0 | $0 | $148.8K |
| William Glassner | Partnership Director & Arc | 40 | $109K | $0 | $0 | $109K |
| Bruce S Gordon | Board Member/chairman | 1 | $0 | $0 | $0 | $0 |
| Nicholas L Pell | Board Member/treasurer | 1 | $0 | $0 | $0 | $0 |
Albert Jay Sweet
Board Member/executive Dir
$348.2K
Hrs/Wk
40
Compensation
$348.2K
Related Orgs
$0
Other
$0
Kira Karbocus
Chief Operating Officer(former)
$189.9K
Hrs/Wk
40
Compensation
$189.9K
Related Orgs
$0
Other
$0
Christopher Capotosto
Chief Creative Officer
$174.9K
Hrs/Wk
40
Compensation
$174.9K
Related Orgs
$0
Other
$0
Jennifer Rieber
Event Director
$148.8K
Hrs/Wk
40
Compensation
$148.8K
Related Orgs
$0
Other
$0
William Glassner
Partnership Director & Arc
$109K
Hrs/Wk
40
Compensation
$109K
Related Orgs
$0
Other
$0
Bruce S Gordon
Board Member/chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nicholas L Pell
Board Member/treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| C Ronald Mackenzie | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jessica Kausen | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jim Lanzone | Board Member | 1 | $0 | $0 | $0 | $0 |
| Larry Miller | Board Member | 1 | $0 | $0 | $0 | $0 |
| Michael Dorf | Board Member | 1 | $0 | $0 | $0 | $0 |
| Nicole Bernard Dawes | Board Member |
C Ronald Mackenzie
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jessica Kausen
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jim Lanzone
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $2M |
| $2.7M |
| $15.3M |
| $13.5M |
| 2019 | $8M | $997.3K | $7.4M | $12.9M | $12.5M |
| 2018 | $7.9M | $907.4K | $6.8M | $11.4M | $11.1M |
| 2017 | $8.2M | $2.2M | $6.3M | $10.1M | $10M |
| 2016 | $7.1M | $1.5M | $6M | $7.5M | $7.4M |
| 2015 | $6.5M | $1.1M | $5.4M | $6.4M | $5.7M |
| 2014 | $7.2M | $2M | $5.2M | $5M | $4.8M |
| 2013 | $5.5M | $1.1M | $4.3M | $2.9M | $2.8M |
| 2012 | $4.4M | $814.4K | $3.8M | $1.7M | $1.6M |
| 2011 | $4M | $1M | $2.9M | $1.1M | $1.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Patricia Blanchet | Board Member | 1 | $0 | $0 | $0 | $0 |
| Paula Boggs | Board Member | 1 | $0 | $0 | $0 | $0 |
| Richard M Cashin | Board Member | 1 | $0 | $0 | $0 | $0 |
| Roger Kass | Board Member | 1 | $0 | $0 | $0 | $0 |
| Ron Mccray | Board Member | 1 | $0 | $0 | $0 | $0 |
| Steven Gewirz | Board Member | 1 | $0 | $0 | $0 | $0 |
| Tim Albinson | Board Member | 1 | $0 | $0 | $0 | $0 |
| Vikas Kapoor | Board Member | 1 | $0 | $0 | $0 | $0 |
| Ward Mooney | Board Member | 1 | $0 | $0 | $0 | $0 |
| William Vareika | Board Member | 1 | $0 | $0 | $0 | $0 |
Larry Miller
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Dorf
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nicole Bernard Dawes
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Patricia Blanchet
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paula Boggs
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Richard M Cashin
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Roger Kass
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ron Mccray
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steven Gewirz
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tim Albinson
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Vikas Kapoor
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ward Mooney
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William Vareika
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0