Anverse Inc
- Assets
- $0.0
- Revenue
- $21.7m
- Investments
- $1.1m
- Employees
- 0
- Location
- Cartersville, GA
- Founding
- 06/2001
- Data as of
- 06/2021
- 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 06/2021, Anverse Inc generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $15.3m during the year ending 06/2021. While expenses have increased by 5.3% 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 128 individual grants totaling $6,815,832. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM ACTIVITIES - SEE ATTACHED STATEMENT
THE GRAND THEATER - SEE ATTACHED STATEMENT
CARROLL NONPROFIT CENTER - SEE ATTACHED STATEMENT
WBHF RADIO - SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Mcclain Vice President | 5 | $0 | |
Forrest Mcclain Secretary/treasurer | 20 | $0 | |
Earline Burke Director | 1 | $0 | |
David Aiken Director | 1 | $0 | |
Jonathan J Oscher President | 20 | $0 | |
Marty Sonenshine Executive Director | 40 | $164,160 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abrams Architectural Products Inc | 6/29/22 | $1,820,984 |
Tuxedo Glass And Mirror Company | 6/29/22 | $1,016,781 |
Aircond Corporation | 6/29/22 | $776,271 |
Lake City Construction | 6/29/22 | $706,275 |
Ch Kirkpatrick & Sons Inc | 6/29/22 | $641,664 |
Abrams Architectural Products Inc | 6/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,583,608 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,881 |
| Profit on Inventory Sales | $0 |
| Other Income | $502,977 |
| Total Revenue | $21,672,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,035 |
| Pension plans, employee benefits | $1,425,525 |
| Depreciation | $2,117,612 |
| Occupancy | $1,110,466 |
| Travel, conferences, and meetings | $15,234 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $12,246,790 |
| Contributions, gifts, grants paid | $3,022,935 |
| Total expenses and disbursements | $15,269,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,063,729 |
| Other assets | $9,447,946 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $611,300 |
Grants Awarded
Over the last fiscal year, Anverse Inc has awarded $3,792,897 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA HUMANE SOCIETY PURPOSE: EMPLOYEE MATCHING GRANT | $26 |
ADVOCATES FOR CHILDREN PURPOSE: GRANT - SUPPORTING HOPE IN YOUR HOME & EMPLOYEE MATCHING GRANT | $17,600 |
BACKPACK BUDDIES PURPOSE: EMPLOYEE MATCHING GRANT | $100 |
BARTOW COLLABORATIVE PURPOSE: EMPLOYEE MATCHING GRANT | $100 |
BARTOW COUNTY SCHOOL SYSTEM PURPOSE: SUPPORT OF RENAISSANCE PROGRAM | $22,500 |
BARTOW FAMILY RESOURCES PURPOSE: ASSIST WITH REPLACING GUTTERS | $3,000 |