Groove Inc
- Assets
- $145.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 09/2005
- Data as of
- 10/2021
- EIN
- 46-0459062
Organization Overview
Groove Inc is located in Sioux Falls, SD. The organization was established in 2005. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Groove 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 10/2021, Groove Inc generated $138.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $133.0k during the year ending 10/2021. While expenses have increased by 12.6% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PERCUSSION/MUSIC EDUCATION FOR 100+ STUDENTS GIVING THE OPPORTUNITY TO LEARN AND PERFORM MUSIC, INCLUDING INNOVATIVEMARCHING SHOWS. PROVIDES SENSE OF COMMUNITY AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Novacek Director Of Finance | 7 | $4,000 | |
Amy Roux Member At Large | 2 | $0 | |
Pete Hansen Executive Director | 25 | $0 | |
Lissa Murawski President | 10 | $0 | |
Linda Shelton Vice President | 3 | $0 | |
Julia Focht Member At Large | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,255 |
| Total Program Service Revenue | $0 |
| Membership dues | $95,026 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,177 |
| Other Revenue | $5,626 |
| Total Revenue | $138,272 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $58,971 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $57,265 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $826 |
| Other expenses | $15,911 |
| Total expenses | $132,973 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,397 |
| Other assets | $0 |
| Total assets | $145,359 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,359 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Groove Inc has recieved totaling $40,500.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $40,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legion-Aires Drum And Bugle Corps Dubuque, IA | $1,675,907 | $1,872,941 |
Troopers Drum And Bugle Corps Inc Casper, WY | $2,220,412 | $1,076,237 |
Iowa High School Music Assn Boone, IA | $289,886 | $704,627 |
River City Rhythm Inc Cokato, MN | $72,423 | $389,521 |
Merrymakers Association Omaha, NE | $714,243 | $420,761 |
728 Cadets Corp Elk River, MN | $24,135 | $224,040 |
Omaha Area Youth Orchestra Inc Omaha, NE | $255,026 | $285,939 |
Guy Grove Family Foundation Stillwater, MN | $2,379,581 | $468,781 |
Groove Inc Sioux Falls, SD | $145,359 | $0 |
Blues Society Of Omaha Inc Omaha, NE | $26,865 | $0 |
Chops Inc Minneapolis, MN | $220,675 | $104,155 |
Center For Music By People With Disabilities Missoula, MT | $273,089 | $237,223 |