THE PRESERVATION SOCIETY OF NEWPORT COUNTY Charity Report

Public IRS 990 nonprofit record

THE PRESERVATION SOCIETY OF NEWPORT COUNTY

EIN 05-0252708 · Arts, Culture & Humanities (A800)

What they do

THE PRESERVATION SOCIETY of NEWPORT COUNTYS MISSION is to PROTECT, PRESERVE, and PRESENT AN EXCEPTIONAL COLLECTION of HOUSE MUSEUMS and LANDSCAPES IN ONE of THE MOST HISTORICALLY INTACT CITIES IN AMERICA. WE HOLD IN PUBLIC TRUST THE NEWPORT MANSIONS, WHICH ARE AN INTEGRAL PART of THE LIVING FABRIC of NEWPORT, RHODE ISLAND. THESE SITES EXEMPLIFY THREE CENTURIES of THE FINEST ACHIEVEMENTS IN AMERICAN ARCHITECTURE, DECORATIVE ARTS, and LANDSCAPE DESIGN SPANNING THE COLONIAL ERA to THE GILDED AGE. THROUGH OUR HISTORIC PROPERTIES, EDUCATIONAL PROGRAMS, and RELATED ACTIVITIES WE ENGAGE THE PUBLIC IN THE STORY of AMERICAS VIBRANT CULTURAL HERITAGE. WE SEEK to INSPIRE and PROMOTE AN APPRECIATION of THE VALUE of PRESERVATION to ENRICH THE LIVES of PEOPLE EVERYWHERE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.06%of revenue went to mission work82.1% of expenses · Program services

4.21%of revenue went to fundraising5.9% of expenses

$71.94spent for every $100 of revenueRevenue covered expenses this year.

8.66%of revenue went to management and office costs12.0% of expenses

$3.34in assets for every $1 spent this yearSome assets cannot be spent right away.

43.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $576,229 for MS TRUDY COXE (CEO & EXEC. DIR.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$43,998,875

Mission workProgram services$25,986,44059.06% of revenue82.1% of expenses

ManagementOffice and general costs$3,811,3868.66% of revenue12.0% of expenses

FundraisingAsking for donations$1,854,5104.21% of revenue5.9% of expenses

Revenue left after expensesReported annual surplus$12,346,53928.06% of revenueShown in gray on the chart

Total expenses$31,652,33671.94% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 82.1% mission · 12.0% management · 5.9% fundraisingTotal expenses: 71.94% of revenue

2023Expense mix: 85.9% mission · 9.8% management · 4.3% fundraisingTotal expenses: 96.25% of revenue

2022Expense mix: 85.7% mission · 10.6% management · 3.7% fundraisingTotal expenses: 86.05% of revenue

2021Expense mix: 83.0% mission · 13.4% management · 3.6% fundraisingTotal expenses: 63.86% of revenue

2020Expense mix: 84.9% mission · 11.9% management · 3.1% fundraisingTotal expenses: 84.83% of revenue

2019Expense mix: 84.7% mission · 12.8% management · 2.5% fundraisingTotal expenses: 97.46% of revenue

2018Expense mix: 82.9% mission · 13.9% management · 3.3% fundraisingTotal expenses: 89.56% of revenue

2017Expense mix: 83.3% mission · 13.3% management · 3.4% fundraisingTotal expenses: 97.86% of revenue

Money in and money out

Revenue$43,998,875

Expenses$31,652,336

Annual surplus $12,346,539 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$25,986,440 · 82.1% of expenses

Management and office costs$3,811,386 · 12.0% of expenses

Fundraising$1,854,510 · 5.9% of expenses

See all reported dollar amounts

Revenue$43,998,875

Expenses$31,652,336

Assets$105,721,909

Income$46,388,230

Contributions$19,086,387

Mission work (program services)$25,986,440

Fundraising$1,854,510

Management and general$3,811,386

Executive compensation (total)$466,130

Stocks and bonds$42,144,101

Investing fees$237,625

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MS TRUDY COXECEO & EXEC. DIR. · 60 hrs/week $576,229Base $555,957 · Other $20,272

MR JAMES BURRESSOUTGOING DIRECTOR OF FINANCE · 50 hrs/week $267,783Base $259,976 · Other $7,807

MR MICHAEL TABERDIRECTOR OF PROPERTIES · 50 hrs/week $203,744Base $174,966 · Other $28,778

MR TERRY DICKINSONCHIEF OF STAFF · 50 hrs/week $197,519Base $191,755 · Other $5,764

MS LESLIE JONESDIR OF MUS. AFF & CHIEF CURATOR · 50 hrs/week $194,352Base $165,611 · Other $28,741

MR KEVIN OLEARYDIR OF MARKETING · 50 hrs/week $180,091Base $174,846 · Other $5,245

MR PHILIP PELLETIERDIR. OF SPECIAL EVENTS · 50 hrs/week $168,304Base $163,397 · Other $4,907

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

MS TRUDY COXECEO & EXEC. DIR.

MR JAMES BURRESSOUTGOING DIRECTOR OF FINANCE

MR MICHAEL TABERDIRECTOR OF PROPERTIES

MR TERRY DICKINSONCHIEF OF STAFF

MS LESLIE JONESDIR OF MUS. AFF & CHIEF CURATOR

MR KEVIN OLEARYDIR OF MARKETING

MR PHILIP PELLETIERDIR. OF SPECIAL EVENTS

MR STEVEN GEWIRZTRUSTEE

MS MEG BRAFFTRUSTEE

MR WILLIAM CORCORAN JRASST. TREASURER

MR WILLIAM F LUCEY IIICHAIRMAN

MS ALA ISHAMTRUSTEE

MS BEVERLY LEDBETTERTRUSTEE

MS BEVERLY LITTLEOUTGOING TRUSTEE

MS CYNTHIA STEWART REEDTRUSTEE

MS DALE VENTURINITRUSTEE

MS SUSAN C PETROVASTRUSTEE

MS EVELINA TABERSECRETARY

MS JANET L ROBINSONOUTGOING TRUSTEE

MS SHERRI GRACETRUSTEE

MS KIM DARDENTRUSTEE

MR TED SANDERSONTRUSTEE

MR CLIFFORD H RUSTCHIEF FINANCIAL AND OPERATING OFFICER

MR STEPHEN HUTTLERTRUSTEE

MR SNEHAL SHAHTRUSTEE

MR PETER W HARRISVICE CHAIRMAN

MR PATRICK WOOD PRINCETRUSTEE

MR PATRICK KERINSVICE CHAIRMAN

MR LARK MASONTRUSTEE

MR KEITH STOKESASST. SECRETARY

MR JACK MURPHYTRUSTEE

MR HANK BELLTRUSTEE

MR ERIC HERTFELDERTRUSTEE

MR EARL POWELLTRUSTEE

MR DONALD STEINERTRUSTEE

MR DAVID BAZARSKYTREASURER

About this charity

Recognized since: January 1947
Location: 424 BELLEVUE AVE, NEWPORT, RI 02840-6924
County: Newport
In care of: CLIFFORD H RUST
Primary officer: CLIFFORD H RUST, CHIEF FINANCIAL AND OPERATING

How to reach them

WebsiteVisit the charity’s website Emailinfo@newportmansions.org Phone(401) 847-1000

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Arts, Culture & Humanities (A800)
IRS tax category: Historical Sites