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Nonprofiteer
← THE CENTER FOR CULTURAL INNOVATION

Form 990 for tax year 2023

Filed by THE CENTER FOR CULTURAL INNOVATION.

Totals

Total revenue
$3,079,757
Total expenses
$6,247,204
Contributions and grants received
$2,633,110
Grants paid
$3,204,964
Program service revenue
$58,708
Investment income
$387,939
Other revenue
$0
Total assets, end of year
$15,692,980
Total liabilities, end of year
$676,984
Net assets or fund balances, end of year
$15,015,996
Program services expenses (Part IX)
$5,631,883
Management and general expenses
$612,146
Fundraising expenses
$3,175
Program service expenses (Part III)
$5,631,883

Program services were 90.2% 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)

    $74,113

  • 1f · All other contributions, gifts and grants

    $2,558,997

  • 2a · Program service revenue: Program Fees

    total $54,121 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Product Sales

    total $4,587 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $387,939 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,071,925 · program services $2,071,925

  • 2 · Grants to domestic individuals

    total $1,133,039 · program services $1,133,039

  • 5 · Compensation of officers, directors and key employees

    total $186,100 · program services $163,768 · management and general $19,732 · fundraising $2,600

  • 7 · Other salaries and wages

    total $1,182,464 · program services $943,392 · management and general $239,072 · fundraising $0

  • 9 · Other employee benefits

    total $144,205 · program services $90,256 · management and general $53,749 · fundraising $200

  • 10 · Payroll taxes

    total $104,755 · program services $84,881 · management and general $19,649 · fundraising $225

  • 11b · Fees: legal

    total $11,616 · program services $0 · management and general $11,616 · fundraising $0

  • 11c · Fees: accounting

    total $19,029 · program services $0 · management and general $19,029 · fundraising $0

  • 11g · Fees: other

    total $815,417 · program services $670,134 · management and general $145,283 · fundraising $0

  • 13 · Office expenses

    total $26,307 · program services $0 · management and general $26,307 · fundraising $0

  • 14 · Information technology

    total $65,569 · program services $50,310 · management and general $15,259 · fundraising $0

  • 16 · Occupancy

    total $33,393 · program services $15,492 · management and general $17,751 · fundraising $150

  • 17 · Travel

    total $242,126 · program services $217,610 · management and general $24,516 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $831 · program services $0 · management and general $831 · fundraising $0

  • 23 · Insurance

    total $10,003 · program services $0 · management and general $10,003 · fundraising $0

  • 24a · Other expenses: Trainers & Counselors

    total $59,850 · program services $59,850 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank & Credit Card Processing

    total $6,173 · program services $5,973 · management and general $200 · fundraising $0

  • 24c · Other expenses: Printing

    total $17,181 · program services $17,179 · management and general $2 · fundraising $0

  • 24d · Other expenses: Dues & Subscriptions

    total $10,312 · program services $7,395 · management and general $2,917 · fundraising $0

  • 24e · All other expenses

    total $106,909 · program services $100,679 · management and general $6,230 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,825,838 · end of year $11,404,137

  • 2 · Savings and temporary cash investments

    end of year $2,031,342

  • 3 · Pledges and grants receivable

    beginning of year $4,296,050 · end of year $1,289,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,892 · end of year $30,709

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

    $14,459

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

    $13,882

  • 10c · Land, buildings and equipment, net

    beginning of year $1,408 · end of year $577

  • 12 · Investments: other securities

    end of year $225,000

  • 15 · Other assets

    beginning of year $786,115 · end of year $712,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $880,895 · end of year $547,927

  • 25 · Other liabilities

    beginning of year $126,965 · end of year $129,057

  • 27 · Net assets without donor restrictions

    beginning of year $10,467,109 · end of year $9,831,851

  • 28 · Net assets with donor restrictions

    beginning of year $7,491,334 · end of year $5,184,145

Mission and programs · 2023

Mission

Education/Support/Services for Artists The Center for Cultural Innovation (CCI) was launched in 2001 to promote knowledge sharing, networking and financial independence for individual artists and creative entrepreneurs by providing business training, grants

  • The Center for Cultural Innovation (CCI) was launched in 2001 to promote knowledge sharing, networking and financial independence for individual artists and creative entrepreneurs by providing business training, grants and by incubating innovative projects that create new program knowledge, tools, and practices for artists in the field.

    Expenses $5,631,883 · Grants $3,204,964 · Revenue $3,079,757

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

Listed in Part VII

  • Angie Kim

    Member

    Total calculated
    $186,100
    From this org
    $186,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,600
    Bonus
    $2,500
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $1,148
    Filer's total
    $188,748

  • Edgar Hirst

    Treasurer/Secretary

    Total calculated
    $0
    Hours/week
    0.52

  • Lorna Lathram

    President

    Total calculated
    $0
    Hours/week
    0.52

  • Sally Jo Fifer

    Vice President

    Total calculated
    $0
    Hours/week
    0.52

  • Sage Crump

    Board Member

    Total calculated
    $0
    Hours/week
    0.52

  • Lauren Bailey

    Employee

    Total calculated
    $168,300
    From this org
    $168,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,300
    Bonus
    $0
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $15,035
    Filer's total
    $184,835

  • Catherine Fox

    Employee

    Total calculated
    $158,100
    From this org
    $158,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,100
    Bonus
    $0
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $10,959
    Filer's total
    $170,559

  • Laura Poppiti

    Employee

    Total calculated
    $164,917
    From this org
    $164,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,917
    Bonus
    $3,000
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $7,438
    Filer's total
    $173,855

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.1
Source object
202402979349301695

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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