Wedgwood Circle Institute
- Assets
- $205.8k
- Revenue
- $569.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Springfield, VA
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-3899171
Organization Overview
Wedgwood Circle Institute, operating under the name Wedgwood Circle, is located in Springfield, 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 12/2021, 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 12/2021, Wedgwood Circle generated $569.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $751.5k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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 12 individual grants totaling $735,075. 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
2021
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 2021 WE WERE STILL LIMITED BY THE PANDEMIC BUT WERE ABLE TO HOLD NUMEROUS ONLINE GATHERINGS VIA ZOOM, AND THREE 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:INVESTMENT SUMMIT: AUGUST 3RD - 5TH, 2021 - BROUGHT TOGETHER OUR MEMBERS TO DISCUSS HOW TO BECOME MORE EFFICIENT AND EFFECTIVE INVESTORS AND PATRONS IN THE ARTS.WRITERS RETREAT: AUGUST 11TH - 18TH, 2021 - HELD A WEEK LONG RETREAT FOR ASPIRING FICTION AUTHORS COMPLETE WITH WORKSHOPS AND MENTORING.WEDGWOOD SESSIONS: THROUGHOUT THE YEAR - HELD ONE-HOUR LONG LIVESTREAM INTERVIEWS WITH MUSICIANS FOLLOWED BY A PERFORMANCE TO SUPPORT MUSICIANS AFFECTED BY THE PANDEMIC.ANNUAL EVENT: NOVEMBER 10TH - 12TH, 2021 - PANELS, WORKSHOPS AND INTERACTIVE EXPERIENCES HELPING OUR COMMUNITY BETTER UNDERSTAND UNDERSTAND THE MUSIC, FILM/TV, LITERATURE, FINE-ART AND VIRTUAL REALITY SECTORS OF THE ENTERTAINMENT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Detweiler President | Officer | 20 | $75,000 |
Terence Berry COO | Officer | 40 | $75,000 |
Allison Trowbridge Director | Trustee | 1 | $12,000 |
Andrew Shirley Director | Trustee | 1 | $12,000 |
Mark Rodgers Chairman | OfficerTrustee | 5 | $0 |
David Carlson Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $229,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,034 |
| 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 | $569,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,075 |
| Grants and other assistance to domestic individuals. | $73,045 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,096 |
| Compensation of current officers, directors, key employees. | $15,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,000 |
| Advertising and promotion | $0 |
| Office expenses | $7,416 |
| 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 | $57,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,806 |
| All other expenses | $0 |
| Total functional expenses | $751,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,100 |
| 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 | $205,798 |
| 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 | $205,798 |
| Total liabilities and net assets/fund balances | $205,798 |
Grants Awarded
Over the last fiscal year, Wedgwood Circle Institute has awarded $225,075 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EQUALLY WELL MUSIC LLC PURPOSE: GENERAL SUPPORT | $165,000 |
MORGAN PERRY'S PRODUCTION COMPANY PURPOSE: GENERAL SUPPORT | $46,300 |
BRIE STONER LLC PURPOSE: GENERAL SUPPORT | $13,775 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wedgwood Circle Institute has recieved totaling $211,609.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $195,478 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Robers Family Foundation 2ay-74c08 Baltimore, MD PURPOSE: TO EMPOWER MEMBERS TO INVEST IN CULTURAL ARTIFACTS FOR THE COMMON GOOD. | $5,125 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |