Friends Of The Alger Theater
- Assets
- $530.2k
- Revenue
- $77.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 06/1986
- Data as of
- 09/2023
- EIN
- 38-2462010
Organization Overview
Friends Of The Alger Theater is located in Grosse Pointe Farms, MI. The organization was established in 1986. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of The Alger Theater 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 09/2023, Friends Of The Alger Theater generated $77.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $44.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE AN ALL-VOLUNTEER NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENRICH OUR NEIGHBORHOODS BY ACTIVATING AND RESTORING OUR HISTORIC THEATER TO CREATE A WELCOMING DESTINATION FOR PROGRAMS CREATED BY AND FOR OUR NEIGHBORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT A SURVEY OF DETROIT RESIDENTS TO IDENTIFY WAYS TO IMPROVE HOUSING STABILITY IN THE CITY.
BASED ON THE SUCCESS OF OUR WORK IN 2021 THE ROCKET COMMUNITY FUND AWARDED US A GRANT FOR 2022 TO CONTINUE TO PROVIDE ASSISTANCE TO RESIDENTS OF DETROIT TO PREVENT PROPERTY TAX FORECLOSURE.
NEIGHBORHOOD CANVASSING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Griffin III Secretary | OfficerTrustee | 8 | $0 |
Sonya Gray Board Member | Trustee | 5 | $0 |
Marc Tirikian Board Member | Trustee | 5 | $0 |
Jacqueline Grant President | Officer | 30 | $0 |
Bernard Theisen Acting Treasurer | Officer | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,446 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,195 |
| Total Program Service Revenue | $63,610 |
| Investment income | $3 |
| 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 | $77,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,820 |
| Advertising and promotion | $500 |
| Office expenses | $1,898 |
| Information technology | $2,593 |
| Royalties | $0 |
| Occupancy | $655 |
| 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 | $0 |
| Insurance | $2,391 |
| All other expenses | $0 |
| Total functional expenses | $44,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,394 |
| Savings and temporary cash investments | $30,626 |
| 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 | $428,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $530,192 |
| 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 | $530,192 |
| Total liabilities and net assets/fund balances | $530,192 |