Anverse Inc
- Assets
- $0.0
- Revenue
- $25.4m
- Investments
- $5.2m
- Employees
- 0
- Location
- Cartersville, GA
- Founding
- 06/2001
- Data as of
- 06/2020
- EIN
- 58-2507031
Organization Overview
Anverse Inc is located in Cartersville, GA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anverse 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 06/2020, Anverse Inc generated $25.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $14.8m during the year ending 06/2020. While expenses have increased by 13.4% per year over the past 3 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.
Since 2021, Anverse Inc has awarded 71 individual grants totaling $3,022,935. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANVERSE HAS BUILT AND OPERATES THREE MUSEUMS IN CONJUNCTION WITH GEORGIA MUSEUMS, INC. TELLUS SCIENCE MUSEUM & BOOTH ART MUSEUM ARE LOCATED IN 2 SEPARATE 120,000 SQ. FT. FACILITIES. BOTH MUSEUMS ARE AFFILIATES OF THE SMITHSONIAN AND SERVE OVER A COMBINED 195,000 VISITORS A YEAR VIRTUALLY AND IN PERSON. THE BARTOW HISTORY MUSEUM PROVIDES EXHIBITS AND PROGRAMS ON EVENTS AND THE HISTORY OF THE BARTOW COUNTY AREA. ANVERSE, INC. OPENED A FOURTH MUSEUM IN DECEMBER OF 2021, NAMED SAVOY AUTOMOBILE MUSEUM. THE MUSEUM CELEBRATES AUTOMOBILES THROUGHOUT A 66,000 SQ FT SPACE WHICH INCLUDES A PERMANENT GALLERY AND THREE TEMPORARY GALLERIES WITH CHANGING EXHIBITS.
THE GRAND THEATER IS OPERATED BY ANVERSE TO PROVIDE A PERFORMING ARTS VENUE FOR THE COMMUNITY. ANVERSE STAFF PRODUCES LOCAL SHOWS VIRTUAL AND IN PERSON AS A MEANS OF INCREASING COMMUNITY INVOLVEMENT AND AWARENESS. THE FACILITY IS RENTED TO LOCAL GROUPS, TOO. ANVERSE STAFF CONDUCTS SUMMER CAMPS AND EDUCATIONAL WORKSHOPS DURING SCHOOL YEAR FOR CHILDREN.
CARROLL NONPROFIT CENTER PROVIDES OFFICE AND CONFERENCE SPACE TO OTHER NONPROFIT ORGANIZATIONS. THE RENTAL FEE IS BASED ON PRO-RATED PERCENTAGE OF UTILITIES. INDIVIDUALS NEEDING THE SERVICES OF THE LOCAL AGENCIES ARE ABLE TO GO TO ONE LOCATION AND UTILIZE MULTIPLE AGENCIES ALLOWING FOR MORE EFFICIENT SERVICE OF CLIENTELE FOR THE AGENCIES.
WBHF RADIO HAS BEEN BROADCASTING LOCAL NEWS, LOCAL WEATHER AND SPORTS SINCE 1946. WBHF OPERATED AS AM (1450) RADIO STATION UNTIL 2015, WHEN ANVERSE PURCHASED AN FM SIGNAL (100.3). NOW WBHF SIMULCAST ON BOTH FREQUENCIES: 1450AM AND 100.3FM. WBHF IS THE ONLY RADIO STATION PROVIDING LOCAL PROGRAMMING, COMMUNITY ANNOUNCEMENTS AND PROMOTION OF LOCAL CHARITIES. DURING INCLEMENT WEATHER AND MAJOR NEWS EVENTS, WBHF IS THE LIFE LINE FOR THE COMMUNITY WITH LIVE BROADCAST AND UPDATES. OUR LOGO AND SLOGAN IS "WBHF COMMUNITY RADIO."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Porter Project Manager | 40 | $209,536 | |
Edward Ruzumna Director Of Technica | 40 | $158,683 | |
Marty Sonenshine Executive Director | 40 | $158,035 | |
Lisa Krauss Controller | 40 | $109,583 | |
Hugh L Burger Program Director | 40 | $102,646 | |
Mark S Krider Director Ccnfp | 40 | $92,105 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aircond Corporation | 6/29/21 | $2,847,991 |
Tuxedo Glass And Mirror Company | 6/29/21 | $2,277,806 |
Owen Security Solutions Inc | 6/29/21 | $2,096,322 |
Lake City Construction | 6/29/21 | $1,955,018 |
Crabapple Roofing Contractors Llc | 6/29/21 | $920,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,809,424 |
| Interest on Savings | $0 |
| Dividends & Interest | $357,483 |
| Profit on Inventory Sales | -$84 |
| Other Income | $561,697 |
| Total Revenue | $25,436,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $157,500 |
| Pension plans, employee benefits | $1,373,204 |
| Depreciation | $2,107,741 |
| Occupancy | $820,035 |
| Travel, conferences, and meetings | $40,466 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $11,688,090 |
| Contributions, gifts, grants paid | $3,073,401 |
| Total expenses and disbursements | $14,761,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,137,450 |
| Other assets | $9,450,246 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Anverse Inc has awarded $3,022,935 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Cartersville, GA PURPOSE: GRANT FOR CAPITAL EXPENDITURES | $1,402,920 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GRANT FOR OPERATIONS- HANDS OF CHRIST AFTER SCHOOL PROGRAM | $429,333 |
FUNDACION COMUNITARIA DE PUERTO RICO PURPOSE: SUPPORT ELEVEN NONPROFITS | $259,450 |
Cartersville, GA PURPOSE: OPERATIONAL GRANT FOR AFTER SCHOOL PROGRAM | $205,792 |
GOOD NEIGHBOR HOMELESS SHELTER PURPOSE: OPERATING GRANT 7/1/20-6/30/21 | $61,000 |
Cartersville, GA PURPOSE: 2020-2021 GRANT-DENTAL SVCS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |