Founders Society
- Assets
- $52.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 08/1976
- Data as of
- 06/2020
- EIN
- 23-7456508
Organization Overview
Founders Society is located in Flint, MI. The organization was established in 1976. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Founders Society 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 06/2020, Founders Society generated $21.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $38.1k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
GRANTS TO THE FLINT INSTITUTE OF ARTS DONATED TO ASSIST WITH OPERATING COSTS, PURCHASE OF PAINTINGS, AND ASSISTANCE WITH EXHIBITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Turley Vice Presiden | 3 | $0 | |
Andrew Watchorn Treasurer | 4 | $0 | |
James Draper President | 4 | $0 | |
Candi Pfaff Recording Secretary | 4 | $0 | |
Carol Turley Corresponding Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,225 |
| Investment income | $1,021 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,859 |
| Other Revenue | $0 |
| Total Revenue | $21,105 |
| Statement of Expenses | |
|---|---|
| Total expenses | $38,147 |
| Balance Sheet | |
|---|---|
| Total assets | $52,924 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flint Institute Of Arts Flint, MI | $64,606,144 | $9,980,420 |
Blue Lake Fine Arts Camp Twin Lake, MI | $13,832,939 | $7,779,561 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Graham Gund Gallery Gambier, OH | $8,250,705 | $4,357,194 |
Oxbow Saugatuck, MI | $6,747,769 | $2,600,895 |
Art Opportunities Inc Cincinnati, OH | $2,054,110 | $2,614,332 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Sandusky Artisans Cooperative Sandusky, OH | $1,372,352 | $1,709,414 |
Peggy R Mcconnell Worthington Center For The Arts Worthington, OH | $1,784,443 | $1,123,568 |
Anthroposophical Society In America Ann Arbor, MI | $2,697,785 | $1,103,549 |
Thomas R Schiff Foundation Cincinnati, OH | $2,111,481 | $2,381,769 |