Artprize Grand Rapids
- Assets
- $1.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Grand Rapids, MI
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 26-4571560
Organization Overview
Artprize Grand Rapids is located in Grand Rapids, MI. The organization was established in 2010. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Artprize Grand Rapids employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artprize Grand Rapids 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, Artprize Grand Rapids generated $2.8m 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 (6.6%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Artprize Grand Rapids has awarded 26 individual grants totaling $340,333. 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
ARTPRIZE PRODUCES OPEN CITYWIDE CONTEM- PORARY ART EXPERIENCES THAT ENCOURAGE CRITICAL DISCOURSE, CELEBRATE ARTISTS, TRANSFORM URBAN SPACE AND PROMOTE CULTURAL UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 700 ARTISTS AND 146 VENUES PARTICIPATED IN THE 2022 EVENT, WITH NEARLY $450,000 GOING DIRECTLY TO ARTISTS THROUGH GRANTS AND PRIZES. FROM AN ECONOMIC STANDPOINT, ARTPRIZE 2022 REGAINED ITS PAST STATUS IN THE COMMUNITY AS A KEY ECONOMIC STIMULATOR. THE EVENT WELCOMED 753,601 VISITORS OVER 18 DAYS, 56% OF WHICH WERE FROM OUTSIDE OF KENT COUNTY. THE TOTAL ECONOMIC IMPACT OF THE EVENT WAS $34.6MM, SUPPORTING 318 JOBS. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Searer Executive Director | Officer | 40 | $130,598 |
Chandra Pearson Director Of Finance | Officer | 40 | $102,502 |
Richard M Devos III President/director | OfficerTrustee | 6 | $0 |
Marc Schwartz Secretary | OfficerTrustee | 1 | $0 |
Daryn Kuipers Treasurer | OfficerTrustee | 1 | $0 |
Mary Ellen Rodgers Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc Bank Credit Card Processi | 12/30/16 | $173,610 |
Captus Creative Event Management | 12/30/16 | $146,212 |
Conduit Studios Llc Design & Technology | 12/30/16 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,577,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,751,260 |
| Total Program Service Revenue | $62,325 |
| 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 | $2,849,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,950 |
| Grants and other assistance to domestic individuals. | $115,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $522,143 |
| Pension plan accruals and contributions | $2,846 |
| Other employee benefits | $22,206 |
| Payroll taxes | $27,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,722 |
| Fees for services: Accounting | $19,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,294 |
| Office expenses | $27,344 |
| Information technology | $48,908 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,039 |
| Insurance | $17,275 |
| All other expenses | $38,729 |
| Total functional expenses | $1,918,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500 |
| 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 | $27,908 |
| Net Land, buildings, and equipment | $411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,017 |
| Other assets | $0 |
| Total assets | $1,087,754 |
| Accounts payable and accrued expenses | $53,932 |
| 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 | $400,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $453,932 |
| Net assets without donor restrictions | $633,822 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,087,754 |
Grants Awarded
Over the last fiscal year, Artprize Grand Rapids has awarded $113,305 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CULTUREVERSE PURPOSE: Curatorial Grant | $50,000 |
SITE LAB INC PURPOSE: CURATORIAL Grant | $50,000 |
LIONS & RABBITS CENTER FOR THE ARTS PURPOSE: CURATORIAL Grant | $13,305 |