Wedgwood Circle
- Assets
- $360.9k
- Revenue
- $932.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Vienna, VA
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-3899171
Organization Overview
Wedgwood Circle is located in Vienna, VA. The organization was established in 2009. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Wedgwood Circle employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wedgwood Circle 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 12/2022, Wedgwood Circle generated $932.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $776.8k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 6 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 2017, Wedgwood Circle has awarded 17 individual grants totaling $984,787. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO EMPOWER MEMBERS TO INVEST IN CULTURE FOR THE COMMON GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THERE WERE TWO VIRTUAL AND FOUR IN-PERSON EVENTS ALL DESIGNED TO FOSTER INVESTMENT AND PATRONAGE INTO ARTISTS WHO ARE CREATING CONTENT THAT IS "GOOD, TRUE AND BEAUTIFUL FOR THE COMMON GOOD." EVENTS INCLUDED:SECTOR SPOTLIGHT (VIRTUAL): MARCH 2022 - FOCUS ON COMEDYTHE WEDGWOOD INVESTOR SUMMIT: APRIL 2022 - HELD IN STANFORD, KYSECTOR SPOTLIGHT (VIRTUAL): JUNE 2022 - FOCUS ON THEATRETHE GOODLIT WRITERS RETREAT: AUGUST 2022 - HELD IN STANFORD, KYCO-HOSTED CONCERT WITH ARTHOUSE DALLAS: SEPTEMBER 2022THE WEDGWOOD ANNUAL EVENT: NOVEMBER 2022 - HELD IN NASHVILLE, TN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Reeves Vice Chairman | Trustee | 1 | $0 |
Ralph Winter Director | Trustee | 1 | $0 |
Mark Rodgers Chairman | OfficerTrustee | 1 | $0 |
Allison Trowbridge Secretary | Trustee | 5 | $12,000 |
Carter Pilcher Treasurer | OfficerTrustee | 1 | $0 |
Dave Carlson Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $214,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $717,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,956 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $931,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,712 |
| Grants and other assistance to domestic individuals. | $103,303 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,568 |
| Compensation of current officers, directors, key employees. | $13,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,899 |
| Office expenses | $10,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,958 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,168 |
| All other expenses | $0 |
| Total functional expenses | $776,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,933 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $360,933 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $360,933 |
| Total liabilities and net assets/fund balances | $360,933 |
Grants Awarded
Over the last fiscal year, Wedgwood Circle has awarded $249,712 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
EQUALLY WELL MUSIC LLC PURPOSE: GENERAL SUPPORT | $150,000 |
ZING PRODUCTIONS LLC PURPOSE: GENERAL SUPPORT | $53,489 |
GRITS ENTERTAINMENT LLC PURPOSE: GENERAL SUPPORT | $20,860 |
LOT 3 PRODUCTIONS PURPOSE: GENERAL SUPPORT | $13,723 |
GYROSCOPE PRODUCTIONS PURPOSE: GENERAL SUPPORT | $11,640 |