Grandin Theatre Foundation Inc
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Roanoke, VA
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 01-0557881
Organization Overview
Grandin Theatre Foundation Inc is located in Roanoke, VA. The organization was established in 2002. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Grandin Theatre Foundation Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandin Theatre Foundation 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 12/2021, Grandin Theatre Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $694.7k 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
TO PRESERVE THE HISTORIC GRANDIN THEATRE AS A CULTURAL AND EDUCATIONAL RESOURCE DEVOTED TO FILM AND THE CINEMATIC ARTS FOR WESTERN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE HISTORIC GRANDIN THEATRE AS A CULTURAL AND EDUCATIONAL RESOURCE DEVOTED TO FILM AND THE CINEMATIC ARTS FOR WESTERN VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Fortier Executive Di | Officer | 40 | $102,121 |
Liz Lively Immediate Pa | OfficerTrustee | 2 | $0 |
Tanya Ridpath Secretary | OfficerTrustee | 2 | $0 |
Curtis Mills Treasurer | OfficerTrustee | 2 | $0 |
Paul Higgins Vice Preside | OfficerTrustee | 2 | $0 |
Nathan Schnetzler President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $726,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,257 |
| Total Program Service Revenue | $401,427 |
| Investment income | $1,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,456,785 |
| 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. | $102,121 |
| Compensation of current officers, directors, key employees. | $55,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $60,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,894 |
| 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 | $69,816 |
| Insurance | $15,013 |
| All other expenses | $0 |
| Total functional expenses | $694,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,608 |
| Savings and temporary cash investments | $1,148,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,633 |
| 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 | $3,162 |
| Net Land, buildings, and equipment | $1,171,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,532,010 |
| Accounts payable and accrued expenses | $34,946 |
| Grants payable | $0 |
| Deferred revenue | $3,921 |
| 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 | $108,007 |
| Total liabilities | $146,874 |
| Net assets without donor restrictions | $2,349,422 |
| Net assets with donor restrictions | $35,714 |
| 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 | $2,532,010 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Grandin Theatre Foundation Inc has recieved totaling $151,200.
| Awarding Organization | Amount |
|---|---|
Community Foundation Serving Western Virginia Roanoke, VA PURPOSE: ARTS, CULTURE & HUMANITIES | $122,750 |
The Beirne Carter Foundation Richmond, VA PURPOSE: RENOVATION/EXPANSION | $25,000 |
Dameron Foundation Raleigh, NC PURPOSE: CHARITY | $2,000 |
Cartledge Charitable Foundation Inc Roanoke, VA PURPOSE: EDUCATION | $1,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Trust For Historic Preservation In The United States Washington, DC | $455,813,133 | $75,204,166 |
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |