The Grand Foundation Inc
- Assets
- $1.3m
- Revenue
- $168.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Island, NE
- Founding
- 12/2004
- Data as of
- 07/2022
- EIN
- 20-1897324
Organization Overview
The Grand Foundation Inc, operating under the name Grand Theatre, is located in Grand Island, NE. The organization was established in 2004. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Theatre is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Grand Theatre generated $168.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $154.1k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC BENEFITS AND EDUCATION THROUGH MOVIES AND ENTERTAINMENT PUBLIC PERFOMANCES ETC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED VENUE FOR PUBLIC EVENTS, CREATED HISTORICAL OPPORTUNITIES WITH ONGOING MISSION OF MAINTAINING HISTORICAL MOVIE THEATRE. A FEW HIGHLIGHTS OUTSIDE OF WEEKEND MOVIES, FREE CHILDRENS MATINEE MONTHLY THROUGHOUT THE YEAR. PERMIT NON-PROFIT ORGANIZATIONS TO UTILIZE THEATRE AT NO COST.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Pohl Vice President | OfficerTrustee | 20 | $13,000 |
Craig Hand President | OfficerTrustee | 6 | $0 |
Randy Spellbrink Vice President | OfficerTrustee | 5 | $0 |
Brittnnii Spiehs Secretary | OfficerTrustee | 5 | $0 |
Liz Geberding Board Member | Trustee | 6 | $0 |
Sonya Beye Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,785 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,420 |
| Total Program Service Revenue | $17,117 |
| Investment income | $28,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | $9,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $72,491 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,775 |
| Office expenses | $5,278 |
| Information technology | $618 |
| Royalties | $0 |
| Occupancy | $9,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,326 |
| Insurance | $10,789 |
| All other expenses | $709 |
| Total functional expenses | $154,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,197 |
| Net Land, buildings, and equipment | $817,038 |
| Investments—publicly traded securities | $417,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,289,923 |
| Accounts payable and accrued expenses | $8,631 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,631 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,281,292 |
| Total liabilities and net assets/fund balances | $1,289,923 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Grand Foundation Inc has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Greater Grand Island Community Foundation Grand Island, NE PURPOSE: ARTS | $11,000 |
Karen J Glanert Charitable Tr Mequon, WI PURPOSE: GENERAL | $5,000 |
Fred & Amanda Glade Foundation Grand Island, NE PURPOSE: PROGRAM SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
Historicorps Morrison, CO | $763,649 | $2,724,151 |
Breckenridge Heritage Alliance Breckenridge, CO | $410,741 | $1,870,667 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Docs Friends Inc Wichita, KS | $10,795,174 | $1,472,500 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Franklin County Fair Foundation Hampton, IA | $108,954 | $446,222 |
Norwood Hills Country Club Preservation Foundation Saint Louis, MO | $27,533 | $139,686 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |
Freedoms Frontier National Heritage Area Inc Lawrence, KS | $186,833 | $1,011,991 |