The Maurice C La Grua Center Inc
- Assets
- $803.8k
- Revenue
- $337.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Stonington, CT
- Founding
- 12/2007
- Data as of
- 06/2022
- EIN
- 26-0301258
Organization Overview
The Maurice C La Grua Center Inc is located in Stonington, CT. The organization was established in 2007. 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. As of 06/2022, Maurice C LA Grua Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maurice C LA Grua Center 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 06/2022, Maurice C LA Grua Center Inc generated $337.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $289.3k during the year ending 06/2022. While expenses have increased by 4.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAURICE C LAGRUA CENTER'S MISSION IS TO ENGAGE COMMUNITY THROUGH ARTS AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A VENUE AND OPPORTUNITIES TO HOST LIVE PERFORMANCES OF VARIOUS MUSIC GENRES, ART EXHIBITIONS AND CULTURAL PRESENTATIONS BY AUTHORS AND POETS (BOOK SIGNINGS, DOCUMENTARY FILM VIEWINGS, LECTURES, ETC). IN ADDITION THE CENTER CO-SPONSORED SEVERAL EVENTS WITH OTHER COMMUNITY NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Brandl Executive Di | Trustee | 40 | $33,890 |
Phylicia Adams Vice-Preside | Officer | 2 | $0 |
Manju Soni Secretary | Officer | 2 | $0 |
Rebekah Kepple Director | Officer | 1 | $0 |
Elizabeth Black Treasurer | Officer | 2 | $0 |
James Quinn President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,169 |
| Total Program Service Revenue | $46,091 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $776 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,869 |
| 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 | $120,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,500 |
| Payroll taxes | $10,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,671 |
| Advertising and promotion | $4,080 |
| Office expenses | $5,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,499 |
| 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 | $27,840 |
| Insurance | $8,365 |
| All other expenses | $0 |
| Total functional expenses | $289,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,856 |
| 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 | $3,943 |
| Net Land, buildings, and equipment | $388,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $803,789 |
| Accounts payable and accrued expenses | $1,362 |
| Grants payable | $0 |
| Deferred revenue | $4,230 |
| 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 | $0 |
| Total liabilities | $5,592 |
| Net assets without donor restrictions | $765,102 |
| Net assets with donor restrictions | $33,095 |
| 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 | $803,789 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Maurice C La Grua Center Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Benson P Blake Char Tr C O Tua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Peter And Deborah Lamm Foundation Boston, MA PURPOSE: GENERAL PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $10,631 |
| Net Contributions | $10,909 |
| Ending Balance | $21,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |