Bravo Greater Des Moines Inc
- Assets
- $7.9m
- Revenue
- $7.3m
- Investments
- $59.7k
- Employees
- 4
- Location
- Des Moines, IA
- Founding
- 05/2006
- Data as of
- 06/2023
- EIN
- 20-3598346
Organization Overview
Bravo Greater Des Moines Inc is located in Des Moines, IA. The organization was established in 2006. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Bravo Greater Des Moines Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bravo Greater Des Moines Inc 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 06/2023, Bravo Greater Des Moines Inc generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bravo Greater Des Moines Inc has awarded 640 individual grants totaling $37,137,673. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEVERAGE COMMUNITY RESOURCES TO MAXIMIZE THE IMPACT OF ARTS, CULTURE AND HERITAGE TO ADVANCE REGIONAL PRIORITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRAVO GREATER DES MOINES UTILIZES COMPETITIVE GRANT PROGRAMS TO PROVIDE FINANCIAL SUPPORT FOR THE ADMINISTRATION, OPERATIONS, CAPITAL IMPROVEMENTS, AND PROGRAMS OF LOCAL 501(C)(3) ORGANIZATIONS AND/OR GOVERNMENT AGENCIES. BRAVO'S GRANTMAKING PRIORITY IS TO ENHANCE THE IMPACT OF ARTS, CULTURE AND HERITAGE TO ADVANCE REGIONAL PRIORITIES.
BRAVO GREATER DES MOINES UTILIZES A COMMUNITY IMPACT PROGRAM TO PROVIDE LEADERSHIP BEYOND GRANTMAKING TO ADVANCE REGIONAL CULTURAL PRIORITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brownell President | OfficerTrustee | 2 | $0 |
Kevin Macfee Treasurer | OfficerTrustee | 1 | $0 |
Kathryn Kunert Past President | Trustee | 1 | $0 |
Emily Abbas Director | Trustee | 1 | $0 |
Annette Adams Director | Trustee | 1 | $0 |
Shannon Cofield Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $487,069 |
| Related organizations | $0 |
| Government grants | $6,559,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,218 |
| Noncash contributions included in lines 1a–1f | $2,279 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,410,076 |
| Total Program Service Revenue | $0 |
| Investment income | $105,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$231,222 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,284,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,380,975 |
| 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. | $180,000 |
| Compensation of current officers, directors, key employees. | $126,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,623 |
| Payroll taxes | $31,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,425 |
| Fees for services: Accounting | $35,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,686 |
| Information technology | $40,656 |
| Royalties | $0 |
| Occupancy | $45,957 |
| Travel | $816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,481 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,637 |
| All other expenses | $6,696 |
| Total functional expenses | $5,172,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,798,911 |
| Pledges and grants receivable | $1,916,686 |
| 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 | $47,824 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $59,738 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,882 |
| Total assets | $7,903,041 |
| Accounts payable and accrued expenses | $38,289 |
| Grants payable | $2,386,513 |
| 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 | $32,497 |
| Total liabilities | $2,457,299 |
| Net assets without donor restrictions | $4,445,214 |
| Net assets with donor restrictions | $1,000,528 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,903,041 |
Grants Awarded
Over the last fiscal year, Bravo Greater Des Moines Inc has awarded $4,294,425 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ANKENY COMMUNITY FOUNDATION PURPOSE: GENERAL FUNDING | $10,000 |
ARTS FOR THE CITY INC PURPOSE: GENERAL FUNDING | $30,000 |
ANKENY FRIENDS OF THE ARTS (FOR ANKENY ART CENTER) PURPOSE: GENERAL FUNDING, CAPITAL PROJECT FUNDING | $23,250 |
BALLET DES MOINES PURPOSE: GENERAL FUNDING, CAPITAL PROJECT FUNDING | $190,900 |
BLANK PARK ZOO FOUNDATION INC PURPOSE: GENERAL FUNDING, CAPITAL PROJECT FUNDING | $175,000 |
CAPITAL CITY PRIDE PURPOSE: GENERAL FUNDING | $30,000 |