Civic Intelligence

Grand Rapids CIVIC Theatre Endowment

EIN 38-3483649 • 501(c)3 • Grand Rapids, MI

Pub. 78 Eligible

Profile

The purpose of this organization is to receive, invest, manage, and distribute funds to supplement the financial resources of the grand rapids civic theatre, inc a 501(c)(3) organization, ein 38-1398828

30 N DivisionGrand Rapids, MI 49503

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

57th percentile

7.7%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

7.7%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

3.6%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,705,217

Up $342,435 (+10%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,705,217

Up $342,435 (+10%) from 2023

Revenue

Up

$287,242

Up $90,672 (+46%) from 2023

Expenses

Up

$192,032

Up $10,561 (+5.8%) from 2023

Net Income

Up

$95,210

Up $80,111 (+531%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,020,932Liabilities 2011: $20Net Assets 2011: $2,020,9122011Assets 2012: $1,913,654Liabilities 2012: $0Net Assets 2012: $1,913,6542012Assets 2013: $1,997,071Liabilities 2013: $0Net Assets 2013: $1,997,0712013Assets 2014: $2,241,856Liabilities 2014: $0Net Assets 2014: $2,241,8562014Assets 2015: $2,183,004Liabilities 2015: $0Net Assets 2015: $2,183,0042015Assets 2016: $2,126,621Liabilities 2016: $0Net Assets 2016: $2,126,6212016Assets 2017: $2,391,726Liabilities 2017: $0Net Assets 2017: $2,391,7262017Assets 2018: $2,662,632Liabilities 2018: $26,913Net Assets 2018: $2,635,7192018Assets 2019: $2,886,265Liabilities 2019: $28,441Net Assets 2019: $2,857,8242019Assets 2020: $2,885,976Liabilities 2020: $0Net Assets 2020: $2,885,9762020Assets 2021: $3,465,348Liabilities 2021: $0Net Assets 2021: $3,465,3482021Assets 2022: $3,122,005Liabilities 2022: $0Net Assets 2022: $3,122,0052022Assets 2023: $3,362,782Liabilities 2023: $0Net Assets 2023: $3,362,7822023Assets 2024: $3,705,217Liabilities 2024: $0Net Assets 2024: $3,705,2172024

Highlighted filing

2024

Assets$3,705,217
Liabilities$0
Net Assets$3,705,217

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2011: $157,5782011Expenses 2012: $141,3092012Revenue 2013: $137,183Expenses 2013: $131,988Net Income 2013: $5,1952013Revenue 2014: $197,732Expenses 2014: $152,027Net Income 2014: $45,7052014Revenue 2015: $134,448Expenses 2015: $139,195Net Income 2015: -$4,7472015Revenue 2016: $77,689Expenses 2016: $143,791Net Income 2016: -$66,1022016Revenue 2017: $103,882Expenses 2017: $130,459Net Income 2017: -$26,5772017Revenue 2018: $74,615Expenses 2018: $134,179Net Income 2018: -$59,5642018Revenue 2019: $99,414Expenses 2019: $135,191Net Income 2019: -$35,7772019Revenue 2020: $117,381Expenses 2020: $201,404Net Income 2020: -$84,0232020Revenue 2021: $79,794Expenses 2021: $214,055Net Income 2021: -$134,2612021Revenue 2022: $189,652Expenses 2022: $173,723Net Income 2022: $15,9292022Revenue 2023: $196,570Expenses 2023: $181,471Net Income 2023: $15,0992023Revenue 2024: $287,242Expenses 2024: $192,032Net Income 2024: $95,2102024

Highlighted filing

2024

Revenue$287,242
Expenses$192,032
Net Income$95,210

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$0.29$0.19$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.20$0.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$0.19$0.17$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$0.08$0.21$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.89$0.00$2.89$0.12$0.20$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.89$0.03$2.86$0.10$0.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.66$0.03$2.64$0.07$0.13$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.10$0.13$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.08$0.14$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$0.13$0.14$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.20$0.15$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.00$2.00$0.14$0.13$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.00$1.91$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.00$2.02$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 3, 2025
Return Version
2023v6.0
Gross Receipts
$841,861
Mission and Program Overview

Mission

The purpose of this organization is to receive, invest, manage, and distribute funds to supplement the financial resources of the grand rapids civic theatre, inc a 501(c)(3) organization, ein 38-1398828

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,891,972$3,349,574▲ $457,602
Savings and Temporary Cash Investments$407,780$287,951▼ $119,829
Investments Other Securities$49,751$50,947▲ $1,196
Accounts Receivable$13,279$16,745▲ $3,466
Total Assets$3,362,782$3,705,217▲ $342,435
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,204,837$3,536,807▲ $331,970
Net Assets With Donor Restrictions$157,945$168,410▲ $10,465
Total Net Assets Fund Balance$3,362,782$3,705,217▲ $342,435
Total Liabilities and Net Assets / Fund Balance$3,362,782$3,705,217▲ $342,435

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,375,355$73,099▲ $462,892$90$3,718,050
2023$3,133,623$119,024▲ $304,329$89$3,375,355
2022$3,478,958$115,963▼ $286,870$102$3,133,623
2021$2,897,788$7,995▲ $788,599$92$3,478,958
2020$2,871,670$45,373▲ $183,794$95$2,897,788
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles BurpeeChairperson
Matthew VicariDirector
Michael DespresDirector
Peggy Coutchie23-24 Member
Peggy Murphy23-24 Treasu
Gary WalkerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$73,099
Program Service Revenue
$0
Investment Income
$214,143
Other Revenue
$0
All Other Contributions
$73,099
Change in Net Assets
$95,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$165,903
Other Expenses$26,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$165,903--$165,903
Fees for Service Investment Mgmnt Fees$26,129--$26,129
Total Functional Expenses$192,032$0$0$192,032
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Rapids Civic TheatreGrand Rapids, MI501c3Support of Grct$165,903
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the treasurer for review before it is filed and made available to all board members.

Form 990, Page 6, Part VI, Line 19

The organization's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Grand Rapids Civic Theatre
EIN
38-3483649
Phone
6162226650
Address
30 N DIVISION, GRAND RAPIDS, MI 49503

Signing Officer

Name
Peggy Coutchie
Title
23-24 Member
Phone
6162226650
Signed
2025-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Murphy
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
2311 EAST BELTLINE AVE SE STE 200, GRAND RAPIDS, MI 49546
Preparer
Eric a Ryan
Phone
6169426440
Supplemental Narrative

Additional Explanations

Form 990

All lines left blank are not applicable to the organization.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended use of the endowment funds is to supplement the financial resources of the grand rapids civic theatre, inc.

Schedule D, Page 3, Part X

The consolidated organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the consolidated organization's tax-exempt purpose may be subject to taxation as unrelated business income (ubi). Since the consolidated organization is exempt from federal income taxes, no provision for income taxes is included in the financial statements. Generally, tax years from 2020 through the current year remain open to examination. The consolidated organization does not believe that the results from the examination of any open years would have a material adverse effect on the consolidated organization.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPLEMENT THE FINANCIAL RESOURCES OF THE GRAND RAPIDS CIVIC THEATRE, INC IN ORDER TO ALLOW THE THEATRE TO OFFER QUALITY PROGRAMS AND PERFORMANCES. THE ENDOWMENT FUND PROVIDES QUARTERLY SUPPORT TO THE THEATRE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPLEMENT THE FINANCIAL RESOURCES OF THE GRAND RAPIDS CIVIC THEATRE, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CONSOLIDATED ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CONSOLIDATED ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME (UBI). SINCE THE CONSOLIDATED ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. GENERALLY, TAX YEARS FROM 2020 THROUGH THE CURRENT YEAR REMAIN OPEN TO EXAMINATION. THE CONSOLIDATED ORGANIZATION DOES NOT BELIEVE THAT THE RESULTS FROM THE EXAMINATION OF ANY OPEN YEARS WOULD HAVE A MATERIAL ADVERSE EFFECT ON THE CONSOLIDATED ORGANIZATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO THE TREASURER FOR REVIEW BEFORE IT IS FILED AND MADE AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.
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