Friends Of The Garden Theater
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Frankfort, MI
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 83-2531689
Organization Overview
Friends Of The Garden Theater is located in Frankfort, MI. The organization was established in 2020. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Friends Of The Garden Theater employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Garden Theater 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, Friends Of The Garden Theater generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $107.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE GARDEN THEATER, A CHARITABLE ORGANIZATION, WAS FORMED IN 2019 TO ENSURE THE GARDEN THEATER REMAINS A VITAL PART OF THE FRANKFORT AND BENZIE COUNTY COMMUNITY. THE GARDEN THEATER IS NOT ONLY A CINEMA, IT IS A COMMUNITY ASSET UTILIZED FOR FUNDRAISERS, CONCERTS, WEDDINGS, TALENT SHOWS/PAGEANTS, HISTORICAL AND CURRENT EVENTS PRESENTATIONS, AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL CAMPAIGN
OPERATION OF THE GARDEN THEATER AND RELATED SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Schmitt President | Officer | 2 | $0 |
Scott Harrison Vice Preside | Officer | 2 | $0 |
Jeff Smith Treasurer | Officer | 2 | $0 |
Erin Melcher Secretary | Officer | 2 | $0 |
David Oellerich Director | Trustee | 2 | $0 |
Marci Brooks Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,020,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,020,595 |
| Total Program Service Revenue | $29,593 |
| Investment income | $295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,053 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,545 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,175 |
| Fees for services: Accounting | $1,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,074 |
| Advertising and promotion | $1,400 |
| Office expenses | $7,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,163 |
| Travel | $1,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,463 |
| Insurance | $8,285 |
| All other expenses | $1,125 |
| Total functional expenses | $107,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,579 |
| Savings and temporary cash investments | $734,568 |
| Pledges and grants receivable | $202,500 |
| Accounts receivable, net | $2,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,967 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,896,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,917,084 |
| Accounts payable and accrued expenses | $457,440 |
| 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 | $0 |
| Other liabilities | $2,872 |
| Total liabilities | $460,312 |
| Net assets without donor restrictions | $2,456,772 |
| 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 | $2,917,084 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Garden Theater has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
David C Petrick And Ellen R Petrick Foundation Frankfort, MI PURPOSE: TO SUPPORT THE ARTS. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Film Inc Milwaukee, WI | $11,142,698 | $5,451,115 |
Compass College Of Cinematic Arts Grand Rapids, MI | $3,507,072 | $2,237,084 |
Cleveland International Film Festival Inc Cleveland, OH | $2,929,525 | $2,420,704 |
Gateway Film Foundation Columbus, OH | $1,594,536 | $2,565,207 |
Indianapolis Film Project Inc Indianapolis, IN | $6,275,341 | $997,400 |
Production Farm Inc Whitelaw, WI | $492,060 | $608,112 |
Traverse City Film Festival Traverse City, MI | $3,356,607 | $1,206,308 |
Urban Content Studios Detroit, MI | $63,696 | $470,075 |
Dayton Movies Dayton, OH | $863,285 | $682,565 |
Ann Arbor Film Festival Inc Ann Arbor, MI | $449,263 | $487,199 |
Fevered Dreams Productions Chagrin Falls, OH | $1,052,999 | $625,435 |
Friends Of The Drexel Columbus, OH | $901,429 | $972,882 |