Grand Center Inc
- Assets
- $11.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 43-1450326
Organization Overview
Grand Center Inc is located in St Louis, MO. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Center Inc 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, Grand Center Inc generated $1.3m 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 (14.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRAND CENTER, INC. (GCI) CREATES THE CONDITIONS FOR A THRIVING CREATIVE COMMUNITY AT GRAND CENTER ARTS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS FUNCTION - NURTURED THE RECRUITMENT, GROWTH AND DEVELOPMENT OF VIABLE LOCAL, NATIONAL, AND INTERNATIONAL ARTS AND ENTERTAINMENT ORGANIZATIONS. ACCOMPLISHED VIA ACTIVE MARKETING AND PROMOTION OF VARIOUS PROGRAMS AND OTHER ART-RELATED ACTIVITIES THAT SUPPORT THE DISTRICT'S TWO MILLION VISITORS EACH YEAR. ALSO, PROVIDED A PLATFORM FOR COLLABORATION AMONG ARTS PARTNERS IN THE DISTRICT TO DEVELOP NEW PROGRAMMING AND INITIATIVES.
REAL ESTATE FUNCTION - FACILITATED REAL ESTATE DEVELOPMENT AND DISTRICT MANAGEMENT TO CONTINUE THE GROWTH AND SUCCESS OF THE DISTRICT AND ITS RESIDENT ARTS AND CULTURAL INSTITUTIONS. ADMINISTERED THE DISTRICT-WIDE TAX INCREMENT FINANCING PROGRAM AND CONTINUED IMPLEMENTATION OF A DISTRICT-WIDE PUBLIC REALM IMPROVEMENT PROGRAM TO ENHANCE PARK SPACES AND PUBLIC RIGHT-OF-WAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Simmons Executive Director | Officer | 40 | $117,315 |
Kim Stelzer Finance & Operations Director | Officer | 40 | $68,360 |
Don G Lents Chairman | OfficerTrustee | 0.5 | $0 |
John Wuest Treasurer | OfficerTrustee | 0.5 | $0 |
Marie-Helene Bernard Director | Trustee | 0.5 | $0 |
Nancy Hawes Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $246,372 |
| Related organizations | $0 |
| Government grants | $198,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $849,268 |
| Total Program Service Revenue | $203,067 |
| Investment income | $277,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$96,561 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,280,958 |
| 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. | $202,632 |
| Compensation of current officers, directors, key employees. | $114,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,623 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $624 |
| Fees for services: Accounting | $35,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,770 |
| Advertising and promotion | $4,600 |
| Office expenses | $34,232 |
| Information technology | $18,158 |
| Royalties | $0 |
| Occupancy | $108,920 |
| Travel | $806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,769 |
| Insurance | $16,864 |
| All other expenses | $73,242 |
| Total functional expenses | $1,841,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,561,135 |
| Pledges and grants receivable | $692,437 |
| Accounts receivable, net | $170,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,649,999 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,478 |
| Net Land, buildings, and equipment | $1,045,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,570,999 |
| Total assets | $11,709,828 |
| Accounts payable and accrued expenses | $123,267 |
| Grants payable | $0 |
| Deferred revenue | $6,801 |
| 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 | $184,088 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,946,079 |
| Total liabilities | $3,260,235 |
| Net assets without donor restrictions | $7,496,355 |
| Net assets with donor restrictions | $953,238 |
| 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 | $11,709,828 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Center Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Jane M & Bruce P Robert Charitable Foundation St Louis, MO PURPOSE: GENERAL CONTRIBUTION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Producers Live Stock Cr Corp Omaha, NE | $188,745,900 | $8,023,454 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Firehouse Community Arts Center Of Chicago Chicago, IL | $572,664 | $2,968,045 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |