Broadway Grand Rapids
- Assets
- $2.3m
- Revenue
- $13.5m
- Investments
- $771.5k
- Employees
- 6
- Location
- Grand Rapids, MI
- Founding
- 10/1988
- Data as of
- 06/2020
- 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 06/2021, Broadway Grand Rapids employed 6 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 06/2020, Broadway Grand Rapids generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $11.5m during the year ending 06/2020. While expenses have increased by 11.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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
DUE TO COVID-19, NO SHOWS WERE PRESENTED IN THE 2020-2021 FISCAL YEAR. TOURING BROADWAY SHOWS MADE THE DECISION TO POSTPONE ALL TOURING BASED ON THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Lloyd Executive Director | Officer | 40 | $130,500 |
Connie Mckinney Accountant | Officer | 40 | $50,000 |
Kenneth Parrish Chairperson | OfficerTrustee | 1 | $0 |
Dr Tammy Born Huizenga Director | Trustee | 1 | $0 |
Arlen Gaddy Director | Trustee | 1 | $0 |
Rob Degroot Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,541 |
| Investment income | $37,289 |
| 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 | $13,547,749 |
| Statement of Expenses | |
|---|---|
| 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. | $192,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,223 |
| Payroll taxes | $27,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,546 |
| 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 | $0 |
| Advertising and promotion | $116,309 |
| Office expenses | $13,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,793 |
| 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 | $3,686 |
| Insurance | $8,977 |
| All other expenses | $0 |
| Total functional expenses | $11,468,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,364,596 |
| Savings and temporary cash investments | $68,525 |
| Pledges and grants receivable | $38,000 |
| Accounts receivable, net | $87,748 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $771,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,343,299 |
| Accounts payable and accrued expenses | $53 |
| Grants payable | $0 |
| Deferred revenue | $2,068,299 |
| 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 | $2,068,352 |
| 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 |
| Total liabilities and net assets/fund balances | $274,947 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Broadway Grand Rapids has recieved totaling $19,270.
| Awarding Organization | Amount |
|---|---|
Mary Free Bed Rehabilitation Hospital Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $8,000 |
Jerry L And Marcia D Tubergen Foundation Ada, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $5,000 |
Gillett Family Foundation Ada, MI PURPOSE: COMMUNITY EVENTS | $3,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $2,000 |
Samuel L Westerman Foundation Bloomfield Hills, MI PURPOSE: CHARITABLE | $1,000 |
Jerome P Subar Foundation Grand Rapids, MI PURPOSE: GENERAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Playhouse Square Foundation Cleveland, OH | $326,085,880 | $24,719,658 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Broadway Grand Rapids Grand Rapids, MI | $2,343,299 | $13,547,749 |
Detroit Opera Detroit, MI | $46,812,293 | $9,178,032 |
Fox Cities Performing Arts Center Inc Appleton, WI | $82,069,378 | $12,172,619 |
Confluence Council Inc Eau Claire, WI | $3,541,289 | $9,499,634 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Music Hall Center For The Performing Arts Inc Detroit, MI | $3,982,183 | $5,279,340 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Great Lakes Center For The Arts Bay Harbor, MI | $37,486,193 | $6,372,255 |
Playhouse Square Development Corporation Cleveland, OH | $842,822 | $0 |