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Nonprofiteer
← CULTURETRUST GREATER PHILADELPHIA

Form 990 for tax year 2023

Filed by CULTURETRUST GREATER PHILADELPHIA.

Totals

Total revenue
$6,296,310
Total expenses
$6,305,920
Contributions and grants received
$5,598,335
Grants paid
$1,304,097
Program service revenue
$693,927
Investment income
$0
Other revenue
$4,048
Total assets, end of year
$5,110,826
Total liabilities, end of year
$651,558
Net assets or fund balances, end of year
$4,459,268
Program services expenses (Part IX)
$5,476,298
Management and general expenses
$752,467
Fundraising expenses
$77,155
Program service expenses (Part III)
$5,476,298

Program services were 86.8% 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.

  • 1e · Government grants (contributions)

    $327,325

  • 1f · All other contributions, gifts and grants

    $5,271,010

  • 2a · Program service revenue: PROFESSIONAL FEES

    total $367,362 · related or exempt $367,362

  • 2b · Program service revenue: MERCHANDISE INCOME

    total $136,238 · related or exempt $136,238

  • 2c · Program service revenue: ADMISSIONS

    total $124,635 · related or exempt $124,635

  • 2d · Program service revenue: TUITION

    total $40,678 · related or exempt $40,678

  • 2e · Program service revenue: SUBSCRIPTIONS

    total $25,014 · related or exempt $25,014

  • 11d · All other revenue

    total $4,048 · excluded $4,048

  • 11e · Other revenue, total

    $4,048

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,250,160 · program services $1,250,160

  • 2 · Grants to domestic individuals

    total $53,937 · program services $53,937

  • 5 · Compensation of officers, directors and key employees

    total $124,487 · management and general $124,487

  • 7 · Other salaries and wages

    total $2,675,308 · program services $2,479,056 · management and general $196,252

  • 8 · Pension plan contributions

    total $400 · program services $287 · management and general $113

  • 9 · Other employee benefits

    total $114,615 · program services $88,638 · management and general $25,977

  • 10 · Payroll taxes

    total $159,518 · program services $114,510 · management and general $45,008

  • 11b · Fees: legal

    total $14,656 · management and general $14,656

  • 11c · Fees: accounting

    total $425 · management and general $425

  • 11e · Fees: professional fundraising services

    total $77,155 · fundraising $77,155

  • 11g · Fees: other

    total $321,704 · program services $272,550 · management and general $49,154

  • 13 · Office expenses

    total $117,391 · program services $105,851 · management and general $11,540

  • 14 · Information technology

    total $32,796 · program services $11,595 · management and general $21,201

  • 16 · Occupancy

    total $236,675 · program services $103,248 · management and general $133,427

  • 17 · Travel

    total $337,200 · program services $333,373 · management and general $3,827

  • 20 · Interest

    total $6,160 · management and general $6,160

  • 22 · Depreciation, depletion and amortization

    total $8,897 · management and general $8,897

  • 23 · Insurance

    total $63,614 · program services $37,040 · management and general $26,574

  • 24a · Other expenses: PROJECT SUPPLIES

    total $482,691 · program services $463,584 · management and general $19,107

  • 24b · Other expenses: MERCHANDISE

    total $97,328 · program services $97,328

  • 24e · All other expenses

    total $130,803 · program services $65,141 · management and general $65,662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,074,874 · end of year $3,916,968

  • 3 · Pledges and grants receivable

    beginning of year $1,704,172 · end of year $992,044

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,035 · end of year $92,753

  • 10a · Land, buildings and equipment: cost or other basis

    $48,772

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,413

  • 10c · Land, buildings and equipment, net

    beginning of year $20,978 · end of year $15,359

  • 15 · Other assets

    beginning of year $0 · end of year $93,702

  • 17 · Accounts payable and accrued expenses

    beginning of year $377,181 · end of year $549,646

  • 25 · Other liabilities

    beginning of year $0 · end of year $101,912

  • 27 · Net assets without donor restrictions

    beginning of year $295,072 · end of year $2,614,176

  • 28 · Net assets with donor restrictions

    beginning of year $4,173,806 · end of year $1,845,092

Mission and programs · 2023

Mission

CULTURETRUST'S MISSION IS TO PROVIDE A CHARITABLE HOME AND SHARED MANAGEMENT RESOURCES FOR FISCALLY SPONSORED PROJECTS IN THE ARTS, CULTURE, HERITAGE AND SOCIAL IMPACT SECTORS.

Activities or mission (Part I)

PROVIDES A CHARITABLE HOME & SHARED MANAGEMENT RESOURCES TO FISCALLY SPONSORED CULTURAL PROJECTS.

  • FISCAL SPONSORSHIP: CULTURETRUST (THE "TRUST") IS AN INDEPENDENT CHARITABLE TRUST MANAGED BY CULTUREWORKS GREATER PHILADELPHIA. IN FY24, THE TRUST SERVED AS THE LEGAL, FINANCIAL, AND ADMINISTRATIVE HOME FOR 96 FISCALLY SPONSORED PROJECTS ACROSS THE ARTS, CULTURE, HERITAGE, AND SOCIAL IMPACT SECTORS. FISCALLY SPONSORED PROJECTS SHARE THE TRUST'S NONPROFIT STATUS AND RECEIVE MANAGEMENT RESOURCES AND BACK-OFFICE SUPPORT FROM CULTUREWORKS, THE TRUST ADMINISTRATOR. THE FISCAL SPONSORSHIP PARTNERSHIP ALLOWS CULTURAL LEADERS TO INCREASE OPERATIONAL EFFICIENCY IN SUPPORT OF THEIR OWN MISSIONS AND COMMUNITY-BASED PROGRAMMING. THE TRUST DOES NOT RUN ITS OWN PROGRAMMING; ALL REVENUES AND EXPENSES ARE RELATED TO THE ACTIVITIES OF FISCALLY SPONSORED PROJECTS THEMSELVES (CONTINUED ON SCHEDULE O).THE TRUST AND TRUST ADMINISTRATOR STEWARD PROJECT FUNDS AND ENSURE COMPLIANCE WITH CHARITABLE GUIDELINES.

    Expenses $5,476,298 · Grants $1,304,097 · Revenue $693,927

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

Listed in Part VII

  • MARANGELI MEJIA-RABELL

    CO-CHAIR

    Total calculated
    $51,000
    From this org
    $51,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 2 related

  • MICHELE WALLS

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JOEY LEROUX

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARK COMEROTA

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • TAILINH AGOYO

    DIRECTOR

    Total calculated
    $90,712
    From this org
    $90,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 2 related

  • DAWN FRISBY-BYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROBERTA JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • THERESA JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • KAROL MASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ANNIE CHIU-MCCABE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • KEN METZNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CARALYN SPECTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ARIEL SHELTON

    CO-EXECUTIVE DIRECTOR (FROM 11/23)

    Total calculated
    $12,500
    From this org
    $0
    From related orgs
    $12,500
    Other
    $0
    Hours/week
    8 + 32 related

  • MELINDA STEFFY

    CO-EXECUTIVE DIRECTOR (FROM 11/23)

    Total calculated
    $3,125
    From this org
    $0
    From related orgs
    $3,125
    Other
    $0
    Hours/week
    8 + 32 related

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE KEEPING SOCIETY LLC

    HISTORICAL PRESERVATION · PA · income $36,100 · assets $12,269

    Directly controlled by CULTURETRUST GREATER PHILADELPHIA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531339349307078

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