Broadway Grand Rapids
- Assets
- $2.5m
- Revenue
- $10.5m
- Investments
- $771.7k
- Employees
- 7
- Location
- Grand Rapids, MI
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 38-2822159
Organization Overview
Broadway Grand Rapids is located in Grand Rapids, MI. The organization was established in 1988. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Broadway Grand Rapids employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway 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 06/2022, Broadway Grand Rapids generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. While expenses have increased by 6.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT WEST MICHIGAN AUDIENCES WITH HIGH QUALITY BROADWAY PRODUCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BGR PRESENTED 6 SHOWS WITH 89,000 ATTENDEES OVER 43 PERFORMANCES. WITH NO "BLOCKBUSTER" SHOWS ON THE 22-23 SEASON, BGR STILL SURPASSED PROJECTED TICKET SALES FOR THE SEASON. THROUGH OUR SEATS4KIDS PROGRAMS, WE WERE ABLE TO OFFER 560 TICKETS TO 12 LOCAL SCHOOLS WITH TITLE I STUDENT POPULATIONS OF 50% OR MORE. BGR EXPANDED OUR EXISTING SEATS4KIDS PROGRAM TO INCLUDE NOT ONLY SCHOOLS, BUT FAMILIES AND LOCAL COMMUNITIES IN UNDERSERVED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Parrish Chairperson | OfficerTrustee | 1 | $0 |
Rob Degroot Treasurer | OfficerTrustee | 1 | $0 |
India Manns Secretary | OfficerTrustee | 1 | $0 |
David Skidmore Vice Chair | OfficerTrustee | 1 | $0 |
Dr Tammy Born Huizenga Director | Trustee | 1 | $0 |
Susan Brasic Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,143 |
| Total Program Service Revenue | $9,905,321 |
| Investment income | $597 |
| 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 | $10,542,854 |
| 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. | $304,269 |
| Compensation of current officers, directors, key employees. | $78,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,521 |
| Payroll taxes | $30,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,239 |
| Advertising and promotion | $276,025 |
| Office expenses | $13,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,457 |
| 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 | $2,834 |
| Insurance | $2,680 |
| All other expenses | $27,865 |
| Total functional expenses | $9,713,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,419,744 |
| Savings and temporary cash investments | $135,046 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $146,663 |
| 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 | $8,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $771,687 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,541,945 |
| Accounts payable and accrued expenses | $51,548 |
| Grants payable | $0 |
| Deferred revenue | $1,542,507 |
| 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 | $1,594,055 |
| Net assets without donor restrictions | $734,014 |
| Net assets with donor restrictions | $213,876 |
| 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 | $2,541,945 |