The Granite Inc

Nonprofit profile at a glance

EIN
384339530
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Redding, CT, USA
Phone
3036017454
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities
Affiliation
Christianity

Reported finances

Revenue
$12,840
Expenses
$43
Assets
$12,797
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • NEIL MARCUS (PRESIDENT, DIRECTOR)

People named in this filing

  • ROBERT MARS (DIRECTOR)
  • GREGORY YOUNG (DIRECTOR)
  • NEIL MARCUS (PRESIDENT, DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the organization is to preserve the historic granite church as a gathering place for all, connecting generations through community building, learning and creativity. The organization accomplishes this focus by restoring the national historic landmark building as a cornerstone for cultural life in the greater georgetown, Connecticut area and maintaining it as a community gathering place.

What it reported doing in 2024

The organization's current primary activity is restoring the historic building so that it can be used as a community space for generations to come as well as maintaining the building as a community gathering space. The organization hosts community events to engage the community and fundraises to generate revenue to pay the costs to maintain and restore the space. The organization also hosts performances and exhibits in the historic structure in order to promote arts within the community and provides opportunities for artists and other creative individuals to practice, rehearse, and attend and teach lessons, master classes, readings and exhibits. The organization also hosts panel discussions and other gatherings for artists and the community.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 91
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 99.7%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 297.6; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.