Groove Inc
- Assets
- $128.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 09/2005
- Data as of
- 10/2023
- 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 10/2023, Groove Inc generated $197.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $187.8k during the year ending 10/2023. While expenses have increased by 7.8% 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Boon President | 5 | $0 | |
Jessica Sargent Director Of Operations | 15 | $0 | |
Janelle Winter Finance Director | 10 | $0 | |
Seth Trudeau Member At Large | 3 | $0 | |
George Gongopoulus Member At Large | 3 | $0 | |
Linda Shelton Member At Large | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,753 |
| Total Program Service Revenue | $0 |
| Membership dues | $157,848 |
| Investment income | $31 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,477 |
| Other Revenue | $10,650 |
| Total Revenue | $197,759 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $62,582 |
| Occupancy, rent, utilities, and maintenance | $20,070 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $105,197 |
| Total expenses | $187,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,552 |
| Other assets | $0 |
| Total assets | $128,014 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,014 |