LA FARGE FOUNDATION OF NEWPORT

EIN: 050488343 501(c)(3) Arts, Culture & Humanities

NEWPORT, RI

Total Revenue
$35,064
Total Expenses
$570,234
Total Assets
$507,848
Net Assets
$507,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
RI
Principal Officer
PAUL MILLER
Phone
4016195109
Tax Period
2023-01-01 to 2023-12-31

LA FARGE FOUNDATION OF NEWPORT, founded in 1995, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $570K exceeded revenue, resulting in a 1526% operating deficit.

Mission

TO SUPPORT PRESERVATION OF NEWPORT CONGREGATIONAL CHURCH AND ITS UNIQUE INTERIOR MURALS AND OPALESCENT GLASS WINDOWS DESIGNED BY AMERICAN ARTIST JOHN LA FARGE (1835-1910) AND TO ENSURE THAT THE CHURCH BUILDING IS SOUND AND THAT THE INTERIOR, UNIQUELY INTEGRATED AND DESIGNED, IS PRESERVED AND ACCESSIBLE TO THE PUBLIC AS A VALUED EDUCATIONAL AND ARTS RESOURCE AND A TREASURED PART OF THE RICH HISTORICAL AND CULTURAL PATRIMONY OF NEWPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,500
Program Service Revenue $0
Investment Income $307
Other Revenue $31,257
TOTAL REVENUE $35,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,976
Program Expenses $538,149
Other Expenses $570,234
TOTAL EXPENSES $570,234

Year-over-Year Comparison

2023 2022 Change
Revenue $35,064 $844,923 -1.0%
Expenses $570,234 $663,261 -0.1%
Net Income $-535,170 $181,662 -3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$19,903
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MILLER PRESIDENT 15.00
Officer Director
$0 $0 $0
MOLLY SEXTON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KATHRENS DIRECTOR 1.00
Director
$0 $0 $0
ANDREW LONG DIRECTOR 5.00
Director
$19,903 $0 $19,903
MOHAMAD FARZAN DIRECTOR 3.00
Director
$0 $0 $0
DORIENNE FARZAN DIRECTOR 1.00
Officer Director
$0 $0 $0
DICK LYNN DIRECTOR 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $35,064 $570,234 $507,848 $-535,170
2022 $844,923 $663,261 $1,049,018 $181,662
2021 $343,737 $135,362 $867,357 $208,375
2020 $376,996 $86,582 $658,982 $290,414
2019 $81,452 $245,292 $368,569 $-163,840
2018 $335,107 $491,310 $532,408 $-156,203
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