Grandworks Foundation
- Assets
- $902.3k
- Revenue
- $715.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Urbana, OH
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-1317079
Organization Overview
Grandworks Foundation is located in Urbana, OH. The organization was established in 2015. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Grandworks Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandworks Foundation 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, Grandworks Foundation generated $715.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $324.4k during the year ending 12/2021. While expenses have increased by 19.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ARTS IN THE COMMUNITY
Describe the Organization's Program Activity:
MOVIES, LIVE EVENTS INCLUDING CONCERTS, PRODUCTIONS AND YOUTH DRIVEN CAMPS, PLUS CONCESSION SERVICES FOR THOSE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Staci Weller Executive Di | OfficerTrustee | 65 | $74,807 |
Jim Lillibridge Board Member | Trustee | 1 | $0 |
Don Sanders Board Member | Trustee | 1 | $0 |
Lisa Dunham Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $372,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,428 |
| Total Program Service Revenue | $89,139 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $350 |
| 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 | $715,917 |
| 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. | $74,807 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,000 |
| Payroll taxes | $7,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $18,392 |
| Advertising and promotion | $12,003 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,218 |
| 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 | $12,567 |
| Insurance | $9,256 |
| All other expenses | $59,250 |
| Total functional expenses | $324,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $500,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $902,284 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $278,767 |
| Other liabilities | $0 |
| Total liabilities | $278,767 |
| Net assets without donor restrictions | $623,517 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $902,284 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Grandworks Foundation has recieved totaling $55,020.
| Awarding Organization | Amount |
|---|---|
Grimes Foundation Urbana, OH PURPOSE: CIVIC | $30,000 |
Grimes Foundation Urbana, OH PURPOSE: CIVIC - URBANA YOUTH CENTER | $15,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $5,000 |
Champaign County Memorial Foundation Urbana, OH PURPOSE: SAME | $3,600 |
The Moore Family Foundation Incorporated Urbana, OH PURPOSE: DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Society Hill Playhouse Center For The Performing Arts Inc Philadelphia, PA | $0 | -$3,636 |