NEWPORT PRIDE INC

EIN: 880645245 501(c)(3) Human Services

NEWPORT, RI

Total Revenue
$97,683
Total Expenses
$90,088
Total Assets
$26,042
Net Assets
$25,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
RI
Principal Officer
DANIEL CANO RESTREPO
Phone
4012481190
Tax Period
2023-01-01 to 2023-12-31

NEWPORT PRIDE INC, founded in 2022, is a micro nonprofit in the Human Services sector that reported $98K in total revenue in fiscal year 2023. Expenses of $90K left a modest 8% surplus.

Mission

THE MISSION OF NEWPORT PRIDE IS TO BUILD A MORE WELCOMING AND INCLUSIVE LGBTQ+ COMMUNITY IN NEWPORT COUNTY, RHODE ISLAND

Program Service Accomplishments

Program 1
Expenses: $24,633 Revenue: $28,628

NEWPORT PRIDE HOSTS EVENTS SUCH AS NEWPORT'S ANNUAL PRIDE FESTIVAL, WHICH IS A CELEBRATION OF THE DIVERSITY AND INTERSECTIONALITY OF THE LGBTQ COMMUNITY IN RHODE ISLAND. THESE EVENTS PROVIDE LOCALS...

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NEWPORT PRIDE HOSTS EVENTS SUCH AS NEWPORT'S ANNUAL PRIDE FESTIVAL, WHICH IS A CELEBRATION OF THE DIVERSITY AND INTERSECTIONALITY OF THE LGBTQ COMMUNITY IN RHODE ISLAND. THESE EVENTS PROVIDE LOCALS WITH AN OPPORTUNITY TO ENGAGE WITH POLITICAL AND COMMUNITY-BASED GROUPS.

Program 2
Expenses: $31,647 Revenue: $2,722

THE PRIDE CENTER ACTS AS A PHYSICAL SAFE SPACE IN WHICH LOCALS ARE PROVIDED WITH RESOURCE PAMPHLETS REGARDING ADVICE FOR COMING OUT OR TRANSITIONING AT ANY STAGE OF LIFE. ADDITIONALLY, VISITORS ARE...

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THE PRIDE CENTER ACTS AS A PHYSICAL SAFE SPACE IN WHICH LOCALS ARE PROVIDED WITH RESOURCE PAMPHLETS REGARDING ADVICE FOR COMING OUT OR TRANSITIONING AT ANY STAGE OF LIFE. ADDITIONALLY, VISITORS ARE ABLE TO ENGAGE IN THE RICH HISTORY OF THE LGBTQ COMMUNITY IN AMERICA THROUGH THE PHOTOGRAPHS AND BOOKS AVAILABLE TO THE PUBLIC. ADDITIONALLY, THE CENTER ACTS AS A MEETING PLACE FOR NEWPORTERS TO CONGREGATE AND NETWORK WITH FELLOW MEMBERS OF THE LGBTQ.

Program 3
Expenses: $3,688 Revenue: $3,727

AS PART OF THE COMMUNITY, NEWPORT PRIDE OFFERS EDUCATIONAL PROGRAMS FOR LGBTQ+ YOUTH AS WELL AS STRAIGHT ALLIES. FURTHERMORE, WE ENGAGE WITH OTHER NONPROFITS SUCH AS CONNEXION LATINA TO FURTHER...

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AS PART OF THE COMMUNITY, NEWPORT PRIDE OFFERS EDUCATIONAL PROGRAMS FOR LGBTQ+ YOUTH AS WELL AS STRAIGHT ALLIES. FURTHERMORE, WE ENGAGE WITH OTHER NONPROFITS SUCH AS CONNEXION LATINA TO FURTHER SPREAD OUR NETWORK AND DETERMINE HOW WE CAN BETTER IMPACT THE COMMUNITY. WE HAVE ALSO JOINED WITH ORGANIZATIONS SUCH AS HOPE RECOVERY CENTER AND THE DR. MARTIN LUTHER KING JR. COMMUNITY CENTER TO PROVIDE A MORE CONVENIENT LOCATION FOR A WEEKLY ADULT LGBTQ+ SUPPORT GROUP AND A MONTHLY YOUTH LGBTQ+ SUPPORT GROUP, RESPECTIVELY.

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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 $67,730
Program Service Revenue $32,549
Investment Income $0
Other Revenue $-2,596
TOTAL REVENUE $97,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,547
Fundraising Expenses $0
Program Expenses $59,968
Other Expenses $65,541
TOTAL EXPENSES $90,088

Year-over-Year Comparison

2023 2022 Change
Revenue $97,683 N/A N/A
Expenses $90,088 N/A N/A
Net Income $7,595 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
50

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
3
$32,125
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL CANO RESTREPO EXECUTIVE DI 40.00
Director
$32,125 $0 $32,125
TOM EBERHARDT DIRECTOR 0.50
Director
$0 $0 $0
VALERIE LARKIN DIRECTOR 0.50
Director
$0 $0 $0
JULIA LONDERGAN PRESIDENT 0.50
Officer
$0 $0 $0
SEAN OCONNOR SECRETARY TR 0.50
Officer
$0 $0 $0
REGGIE ONORATI VICE PRESIDE 0.50
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 $97,683 $90,088 $26,042 $7,595
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