2013-07-30T15:55:24-05:00 2012-09-30 132738625 DDK & COMPANY LLP ONE PENN PLAZA 4TH FLR NEW YORK NY 10119 990 2011-10-01 274099544 NEWPORT FESTIVALS FOUNDATION INC NEWP 2124523036 150 EAST 69TH STREET NO 27K NEW YORK NY 10021 GEORGE WEIN 2124523036 2013-06-20 1 JEFFREY FEINMAN P00227146 2129970600 2011 2016-02-24 21:20:13Z GEORGE WEIN 150 EAST 69TH STREET APT 27K NEW YORK NY 10021 4362819 0 X WWW.NEWPORTFESTIVALSFOUNDATION.ORG X 2010 DE TO MAINTAIN THE NEWPORT JAZZ FESTIVAL AND NEWPORT FOLK FESTIVAL. 13 13 212 45 0 0 1002965 814414 2840946 3541292 0 4254 174985 2859 4018896 4362819 0 12500 0 0 606623 917077 0 0 0 2312614 2904009 2919237 3833586 1099659 529233 1109659 1696441 10000 65989 1099659 1630452 X THE MISSION OF THE NEWPORT FESTIVALS FOUNDATION IS TO PRESENT ALL FORMS OF JAZZ AND FOLK MUSIC FROM YESTERDAY, TODAY, AND TOMORROW AND TO ENCOURAGE, PROMOTE, AND EDUCATE THE COMMUNITY ABOUT FOLK AND JAZZ MUSIC. 0 0 2959239 3541292 TO MAINTAIN THE FAMED NEWPORT JAZZ FESTIVAL AND THE NEWPORT FOLK FESTIVAL IN PERPETUITY, TO BE PRESENTED AT HISTORIC LOCATIONS, INCLUDING FORT ADAMS STATE PARK AND OTHER FACILITIES IN NEWPORT, RI; TO CONTINUE THE NEWPORT JAZZ FESTIVAL AS IT HAS SINCE 1954 IN THE PRESENTATION OF THE GREATEST JAZZ PERFORMERS WHO FOLLOW THE TRADITIONS OF NEW ORLEANS, SWING, BEBOP AND MODAL AS THE CORE AND HEART OF JAZZ MUSIC; AND TO CONTINUE THE NEWPORT FOLK FESTIVAL BY MAINTAINING THE EXCELLENCE OF FOLK ARTISTS AS IT HAS SINCE 1959, IN THE TRADITION OF PETE SEEGER, JOAN BAEZ, BOB DYLAN AND OTHERS;TO REALIZE THAT JAZZ AND FOLK MUSIC AS WITH ANY ART FORM, IS AN EVER-EVOLVING CULTURAL EXPRESSION WHICH ENCOURAGES AND RECOGNIZES THE FREEDOM OF CREATIVITY NECESSARY TO THE GROWTH AND CONTINUING VITALITY OF THIS MUSIC; TO PRESENT PERFORMERS WHO RESPECT AND HONOR FOLK MUSIC TRADITIONS, AND AT THE SAME TIME REFLECT THE CHANGES IN TODAY'S MUSICAL TRENDS; TO PRESENT ALL FORMS OF JAZZ AND FOLK MUSIC FROM YESTERDAY, TODAY AND TOMORROW; TO BRING JAZZ ARTISTS FROM AROUND THE WORLD TO THE FESTIVAL, SINCE JAZZ IS NO LONGER JUST "AMERICA'S MUSIC", BUT HAS INFLUENCED MUSICIANS FROM ALL OVER THE GLOBE; TO CREATE PARTNERSHIPS AROUND THE WORLD WHICH WOULD INVITE AMERICAN MUSICIANS UNDER THE NEWPORT JAZZ FESTIVAL OR NEWPORT FOLK FESTIVAL BANNER TO THEIR FESTIVALS. 2959239 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 87 0 212 1 0 0 0 0 0 1 1 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY RI DE MA X X GEORGE WEIN 2124523036 150 EAST 69TH STREET APT 27K NEW YORK NY 10021 GEORGE WEIN 40.00 X 0 0 0 ELLIOT HOFFMAN 40.00 X 0 0 0 BRUCE TRAUNER 40.00 X 0 0 0 DEBORAH ROSS 40.00 X 85000 0 0 JAMES BILDNER 1.00 X 0 0 0 RICHARD M CASHIN 1.00 X 0 0 0 JEROME A CHAZEN 1.00 X 0 0 0 BRUCE S GORDON 1.00 X 0 0 0 VIKAS KAPOOR 1.00 X 0 0 0 WILLIAM LEWIS JR 1.00 X 0 0 0 JONATHAN NELSON 1.00 X 0 0 0 NICHOLAS L PELL 1.00 X 0 0 0 WILLIAM VAREIKA 1.00 X 0 0 0 LEYLA ERTEGUN 1.00 X 0 0 0 WARD MOONEY 1.00 X 0 0 0 85000 0 0 0 0 0 0 0 440140 374274 814414 FOLK FESTIVAL 711190 1938065 1938065 JAZZ FESTIVAL 711190 1083086 1083086 FOLK FRIDAY EVENT 711190 326753 326753 JAZZ CONCERT 711190 193388 193388 3541292 4254 4254 0 440140 0 0 ARTIST SHARE 711190 2859 2859 2859 4362819 3544151 0 4254 X 12500 12500 85000 85000 720222 247838 472384 39379 39379 72476 15942 56534 24000 24000 69000 69000 5950 5950 220186 219881 305 10849 10849 68600 50000 18600 58342 42257 16085 8333 8333 68921 42000 26921 ARTIST FEES 1105711 1105711 PRODUCTION COSTS 822816 809402 13414 CONTRACT SERVICES 214776 214026 750 FOOD AND BEVERAGE COSTS 147721 147721 78804 51961 26843 3833586 2959239 874347 0 879096 1371576 190000 250000 22500 38124 5335 25000 8333 0 16667 10050 11610 8013 3129 1109659 1696441 10000 62827 0 3162 10000 65989 X 1070159 1612924 29500 17528 1099659 1630452 1109659 1696441 X 529233 1560 X X 0 1 1 X 0 X 3483593 4355706 7839299 174985 8673 183658 3658578 4364379 8022957 0 0 0 8022957 3658578 4364379 8022957 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 29500 0 0 25000 8333 16667 16667 OTHER CURRENT LIABILITIES 3162 3162 4362819 3833586 529233 1560 1560 530793 4364379 1560 1560 4362819 0 4362819 3833586 0 3833586 0 3833586 GALA 390840 390840 BACKSTAGE BENEFIT 49300 49300 440140 440140 1 BOYS AND GIRLS CLUBS OF NEWPORT COUNTY 95 CHURCH ST NEWPORT RI 02840 050281572 501(C)(3) 12500 TO SUPPORT MUSIC EDUCATION ACTIVITIES AT THE BOYS AND GIRLS CLUBS OF NEWPORT COUNTY. 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: NEWPORT FESTIVALS FOUNDATIONS ENTERS INTO A SPECIFIC AGREEMENT WITH EACH GRANTEE. ALTHOUGH THE EXACT DETAILS MAY VARY FOR EACH GRANTEE, THE FOUNDATION REQUIRES THAT A DESCRIPTIVE REPORT DETAILING EXPENDITURE OF THE GRANT MUST BE SENT TO NEWPORT FESTIVALS FOUNDATION. THE GRANTEE IS EXPECTED TO MAINTAIN COMPLETE BOOKS AND RECORDS OF REVENUES AND EXPENDITURES RELATING TO THE GRANT. THESE BOOKS AND RECORDS ARE TO BE MADE AVAILABLE FOR INSPECTION AT REASONABLE TIMES IF DEEMED NECESSARY BY THE FOUNDATION. BRUCE TRAUNER VICE PRESIDENT 24000 LEGAL FEES 0 ELLIOT HOFFMAN TREASURER AND VICE PRESIDENT N/A 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWS THE INCOME AND EXPENSES AND BALANCE SHEET ITEMS AND COMPARES THEM TO THE YEARLY BUDGET. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH THE PROCEDURES OUTLINED IN ITS WRITTEN CONFLICT OF INTEREST POLICY, INCLUDING ANNUAL STATEMENTS BY DIRECTORS AND OFFICERS, PERIODIC REVIEWS, AND THE ABILITY TO USE OUTSIDE EXPERTS IF NEEDED. COMPENSATION IS PAID TO THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR KEY EMPLOYEES AFTER APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST DURING REGULAR BUSINESS HOURS AT THE LOCATION SPECIFIED IN PART VI, SECTION C, LINE 20. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,560. THE PROCESS HAS NOT CHANGED