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Nonprofiteer
← WEDGWOOD CIRCLE

Form 990 for tax year 2023

Filed by WEDGWOOD CIRCLE.

Totals

Total revenue
$1,172,799
Total expenses
$1,163,300
Contributions and grants received
$1,158,694
Grants paid
$682,464
Program service revenue
$12,000
Investment income
$0
Other revenue
$2,105
Total assets, end of year
$370,432
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$370,432
Program services expenses (Part IX)
$1,086,538
Management and general expenses
$18,746
Fundraising expenses
$58,016
Program service expenses (Part III)
$1,086,538

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $407,562

  • 1f · All other contributions, gifts and grants

    $751,132

  • 2a · Program service revenue: EVENT FEES

    total $12,000 · related or exempt $12,000

  • 11a · Other revenue: MISCELLANEOUS

    total $2,105 · related or exempt $2,105

  • 11e · Other revenue, total

    $2,105

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $604,951 · program services $604,951

  • 2 · Grants to domestic individuals

    total $77,513 · program services $77,513

  • 5 · Compensation of officers, directors and key employees

    total $130,982 · program services $104,786 · management and general $13,098 · fundraising $13,098

  • 10 · Payroll taxes

    total $9,798 · program services $7,838 · management and general $980 · fundraising $980

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 12 · Advertising and promotion

    total $21,015 · program services $21,015

  • 13 · Office expenses

    total $10,971 · program services $10,971

  • 19 · Conferences, conventions and meetings

    total $123,618 · program services $123,618

  • 23 · Insurance

    total $2,168 · management and general $2,168

  • 24a · Other expenses: EVENTS

    total $135,846 · program services $135,846

  • 24b · Other expenses: MEMBER RECRUITMENT & DE

    total $43,938 · fundraising $43,938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $360,933 · end of year $97,474

  • 2 · Savings and temporary cash investments

    end of year $250,000

  • 4 · Accounts receivable

    end of year $22,958

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $360,933 · end of year $370,432

Mission and programs · 2023

Mission

THE WEDGWOOD CIRCLE IS A NETWORK THAT CONNECTS OUR MEMBERS (PATRONS & INVESTORS) WITH CREATIVES (ARTISTS & INDUSTRY EXECUTIVES) TO CREATE ART AND ENTERTAINMENT THAT IS GOOD, TRUE, AND BEAUTIFUL IN EVERY WAY. SIMPLY PUT, WE HELP OUR COMMUNITY BECOME MORE EFFECTIVE AND DISCERNING CREATORS, CONSUMERS, INVESTORS AND PATRONS OF THE ARTS AND ENTERTAINMENT INDUSTRY.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO EMPOWER MEMBERS TO INVEST IN CULTURE FOR THE COMMON GOOD.

  • DURING 2023 THERE WERE ONE VIRTUAL AND SIX IN-PERSON EVENTS ALL DESIGNED TO FOSTER INVESTMENT AND PATRONAGE INTO ARTISTS WHO ARE CREATING CONTENT THAT IS "GOOD, TRUE AND BEAUTIFUL FOR THE COMMON GOOD." EVENTS INCLUDED:ONLINE PROJECT PITCH EVENT: JANUARY 2023THE WEDGWOOD INVESTOR SUMMIT: APRIL 2023 - HELD IN STANFORD, KYSECTOR SPOTLIGHT (VIRTUAL): MARCH 2023 - FOCUS ON THEATREGAMING RETREAT: JUNE 2023 - HELD IN PORTLAND, OR THE GOODLIT WRITERS RETREAT: AUGUST 2023 - HELD IN STANFORD, KYTHE WEDGWOOD ANNUAL EVENT: NOVEMBER 2023 - HELD IN PALO ALTO, CA THE WEDGWOOD MUSIC SUMMIT: DEC. 2023 - HELD IN NASHVILLE, TN

    Expenses $1,086,538 · Grants $682,464 · Revenue $14,105

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Rodgers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brad Reeves

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Carter Pilcher

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Allison Trowbridge

    SECRETARY

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Roger Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Zacharia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ralph Winter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Swanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Lee Storm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Waters Hinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Shirley

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Terence Berry

    COO

    Total calculated
    $93,482
    From this org
    $85,000
    From related orgs
    $0
    Other
    $8,482
    Hours/week
    40 + 2 related

  • Craig Detweiler

    PRESIDENT

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • ALBANY ROAD LLC

    $0

    GENERAL SUPPORT

  • CORNTEEN LLC

    $0

    GENERAL SUPPORT

  • DARK HORSE MINISTRIES

    $0

    GENERAL SUPPORT

  • DHARLIN ENTERTAINMENT

    $0

    GENERAL SUPPORT

  • EQUALLY WELL MUSIC LLC

    $0

    GENERAL SUPPORT

  • HIDDEN VILLAGE FILMS

    $0

    GENERAL SUPPORT

  • LOT3

    $0

    GENERAL SUPPORT

  • ZING PRODUCTIONS

    $0

    GENERAL SUPPORT

  • WELL COLLECTIVE

    $0

    GENERAL SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349307098

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