Grandin Theatre Foundation Inc
Grandin Theatre Foundation consistently grows assets with zero reported officer compensation.
EIN: 10557881 · Roanoke, VA · NTEE: A80 · Updated: 2026-03-27
Is Grandin Theatre Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grandin Theatre Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grandin Theatre Foundation Inc
Grandin Theatre Foundation Inc (EIN: 10557881) is a nonprofit organization based in Roanoke, VA, classified under NTEE code A80. The organization reported total revenue of $1.2M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grandin Theatre Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grandin Theatre Foundation Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grandin Theatre Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Grandin Theatre Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size with over $1.2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Grandin Theatre Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes precise efficiency analysis difficult.
- Unusually consistent 0% officer compensation for an organization of this size, which might warrant further investigation into compensation structures.
Strengths
The following positive indicators were identified for Grandin Theatre Foundation Inc:
- Consistent asset growth from $1.2M in 2014 to $2.7M in 2023, indicating strong financial management.
- Revenues consistently exceed expenses in most years, leading to healthy surpluses.
- Very low liabilities relative to assets, suggesting financial stability and low debt burden.
- Zero reported officer compensation across all filings, potentially maximizing funds for mission-related activities.
- Regular and extensive IRS 990 filing history (13 filings), demonstrating good transparency.
Frequently Asked Questions about Grandin Theatre Foundation Inc
Is Grandin Theatre Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grandin Theatre Foundation Inc (EIN: 10557881) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Grandin Theatre Foundation Inc spend its money?
Grandin Theatre Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grandin Theatre Foundation Inc tax-deductible?
Grandin Theatre Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10557881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Grandin Theatre Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the IRS Form 990. This is a significant factor in its financial model.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of functional expenses. To fully assess spending efficiency, a deeper dive into the IRS Form 990, Part IX (Statement of Functional Expenses) would be necessary.
What are the primary sources of revenue for the Grandin Theatre Foundation?
While the total revenue is provided, the specific breakdown of revenue sources (e.g., ticket sales, donations, grants) is not detailed in the given data. This information would provide insight into the organization's financial stability and donor base.
Filing History
IRS 990 filing history for Grandin Theatre Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grandin Theatre Foundation Inc's revenue has grown by 97.9%, moving from $615K to $1.2M. Total assets increased by 140.6% over the same period, from $1.1M to $2.8M. Total functional expenses rose by 106.4%, from $570K to $1.2M. In its most recent filing year (2023), Grandin Theatre Foundation Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $36K in liabilities against $2.8M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $2.8M | $36K | — | — |
| 2022 | $1.2M | $939K | $2.7M | $23K | — | — |
| 2021 | $1.5M | $695K | $2.5M | $147K | — | View 990 |
| 2020 | $716K | $535K | $1.6M | $9K | — | — |
| 2019 | $1.2M | $1.0M | $1.5M | $50K | — | View 990 |
| 2018 | $916K | $929K | $1.3M | $59K | — | View 990 |
| 2017 | $950K | $900K | $1.3M | $84K | — | View 990 |
| 2016 | $808K | $807K | $1.2M | $8K | — | View 990 |
| 2015 | $773K | $732K | $1.2M | $11K | — | View 990 |
| 2014 | $611K | $614K | $1.2M | $21K | — | View 990 |
| 2013 | $602K | $648K | $1.2M | $49K | — | View 990 |
| 2012 | $779K | $610K | $1.3M | $68K | — | View 990 |
| 2011 | $615K | $570K | $1.1M | $77K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $2.8M (revenue -1.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $939K, and assets of $2.7M (revenue -15.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $695K, and assets of $2.5M (revenue +103.6% year-over-year).
- 2020: Revenue of $716K, expenses of $535K, and assets of $1.6M (revenue -41.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $1.5M (revenue +33.6% year-over-year).
- 2018: Revenue of $916K, expenses of $929K, and assets of $1.3M (revenue -3.5% year-over-year).
- 2017: Revenue of $950K, expenses of $900K, and assets of $1.3M (revenue +17.6% year-over-year).
- 2016: Revenue of $808K, expenses of $807K, and assets of $1.2M (revenue +4.5% year-over-year).
- 2015: Revenue of $773K, expenses of $732K, and assets of $1.2M (revenue +26.6% year-over-year).
- 2014: Revenue of $611K, expenses of $614K, and assets of $1.2M (revenue +1.4% year-over-year).
- 2013: Revenue of $602K, expenses of $648K, and assets of $1.2M (revenue -22.7% year-over-year).
- 2012: Revenue of $779K, expenses of $610K, and assets of $1.3M (revenue +26.5% year-over-year).
- 2011: Revenue of $615K, expenses of $570K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Grandin Theatre Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.