Overview
What is The Grand Foundation Inc?
The Grand Foundation Inc, also known as the Grand Theatre, is a nonprofit organization established in 2004 with a mission to preserve and utilize an over 80-year-old historical movie theatre. Located in Grand Island, Nebraska, this foundation provides a platform for public events, fostering education and community engagement through movies, performances, and entertainment. As a non-profit, they offer the theatre for free to other organizations, contributing to the public benefit. With a small team of one employee, The Grand Foundation Inc continues its mission to maintain and revitalize this historical landmark, providing a cherished cultural hub for the community.
Official website here: www.grandmovietheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Grand Foundation Inc received a score of 83%, indicating a solid level of accountability and financial health. This score is derived solely from the Accountability & Finance beacon, where the foundation excelled in several metrics, including having an entirely independent board and no material diversion of assets. The organization demonstrates a high commitment to transparency, as evidenced by its published tax forms and compliance with various policies.
Strengths include a strong program expense ratio of 98.02%, suggesting that the vast majority of its funds are directed towards fulfilling its mission rather than administrative costs. Additionally, the foundation has established practices to ensure good governance, such as having a conflict of interest policy in place. However, it should be noted that there are some missing components, specifically concerning their whistleblower and document retention policies.
Overall, The Grand Foundation Inc shows a commendable commitment to financial accountability and transparency. While there are areas for improvement related to governance policies, its high program expense ratio and independent board structure are significant strengths that reinforce its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Grand Foundation Inc?
92% of 877 reviewers on Facebook recommend The Grand Foundation Inc. Here is a summary of their reviews:
Many attendees express a strong appreciation for their experiences at the Grand Theater, highlighting the enjoyable environment and engaging performances. The sense of community and the positive atmosphere contribute to a memorable visit, indicating that the foundation is effectively delivering on its mission to provide quality entertainment and cultural programming.
Overall, the sentiment is quite favorable, with a significant portion of patrons feeling a deep connection to the venue. This enthusiasm showcases the foundation's impact and reflects a commitment to enriching the local cultural landscape.
This AI summary has been generated from reviews found on Facebook.
Is The Grand Foundation Inc legitimate?
The Grand Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Grand Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $13,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.grandmovietheatre.com
What is the mission statement of The Grand Foundation Inc?
The Grand Foundation Inc, established in 2004, has maintained a mission to create an atmosphere and provide movies, entertainment, and public performances. This mission is carried out in a building that is over 80 years old. The foundation's primary objective is to offer a venue for public events, thereby providing historical opportunities. Additionally, The Grand Foundation Inc supports non-profit organizations by allowing them to utilize the theatre at no cost, contributing to the community and upholding its mission of maintaining the historical movie theatre.
Official website here: www.grandmovietheatre.com
What is the revenue of The Grand Foundation Inc?
The Grand Foundation Inc's revenue in 2024 was $152,532.
Official website here: www.grandmovietheatre.com
Who are the executives of The Grand Foundation Inc and what are their salaries?
The average compensation at The Grand Foundation Inc during 2024 was $13,000. There is 1 employee at The Grand Foundation Inc.
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Official website here: www.grandmovietheatre.com
Where can I find the form 990 for The Grand Foundation Inc?
The Grand Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.grandmovietheatre.com
Learn more at the official website: www.grandmovietheatre.com
Mission Statement of The Grand Foundation Inc
The Grand Foundation Inc has been dedicated to providing public benefits and education since its establishment in 2004. This nonprofit organization achieves its mission by offering movies, entertainment, and public performances in a building that is over 80 years old. The Grand Foundation's primary objective is to create an atmosphere that promotes cultural engagement and learning.
In addition to providing a venue for public events, The Grand Foundation has also made historical opportunities a cornerstone of its ongoing mission. By maintaining a historic movie theatre, the foundation has preserved a valuable piece of local culture and history. Furthermore, The Grand Foundation has been generous in allowing non-profit organizations to utilize the theatre at no cost. This act of philanthropy has enabled these organizations to share their causes and messages with a wider audience, thereby contributing to the overall well-being of the community.
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Impact
October, 2024
The Grand Foundation Inc has made a significant impact on the community of Grand Island, NE, by providing a venue for public events that promotes education and entertainment through movies and performances. Since its inception in 2004, the foundation has dedicated itself to maintaining a historical movie theater that is over 80 years old, ensuring that the rich heritage of cinema is preserved.
By allowing non-profit organizations to utilize the theater at no cost, The Grand Foundation fosters a collaborative environment that enriches the cultural landscape of the area. This commitment not only offers a platform for local artists and performers but also ensures that community members have access to diverse entertainment options. The foundation's ongoing mission creates historical and educational opportunities, making it a vital part of Grand Island's social and cultural fabric. Through its efforts, The Grand Foundation contributes to the arts, strengthens community ties, and keeps the legacy of live performances and cinema alive for future generations.
This information is meant to be a general summary of The Grand Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $18,852
- Program Service Revenue: $1,981
- Gross Receipts: $260,752
Assets and Liabilities:
- Total Assets: $1,291,826
- Total Liabilities: $8,055
- Net Assets: $1,283,771
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENTS MISC
Revenue
$1,981
Organization Details
Founding Year
2004
Principal Officer
Craig Hand
Website
www.grandmovietheatre.comNTEE Category
Code: A80 - Arts
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