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← CULTURETRUST GREATER PHILADELPHIA

Form 990 for tax year 2022

Filed by CULTURETRUST GREATER PHILADELPHIA.

What the amendment changed

Compared with the return it replaced , filed 15 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$6,621,751
Total expenses
$5,510,083
Contributions and grants received
$6,066,365
Grants paid
$882,127
Program service revenue
$555,386
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,846,059
Total liabilities, end of year
$377,181
Net assets or fund balances, end of year
$4,468,878
Program services expenses (Part IX)
$3,961,343
Management and general expenses
$1,292,552
Fundraising expenses
$256,188
Program service expenses (Part III)
$3,961,343

Program services were 71.9% 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)

    $339,506

  • 1f · All other contributions, gifts and grants

    $5,726,859

  • 1g · Noncash contributions included above

    $16,150

  • 2a · Program service revenue: PROFESSIONAL FEES

    total $232,419 · related or exempt $232,419

  • 2b · Program service revenue: ADMISSION AND TUITION

    total $172,496 · related or exempt $172,496

  • 2c · Program service revenue: OTHER INCOME

    total $150,471 · excluded $150,471

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $882,127 · program services $882,127

  • 5 · Compensation of officers, directors and key employees

    total $130,560 · program services $95,309 · management and general $24,569 · fundraising $10,682

  • 7 · Other salaries and wages

    total $1,647,739 · program services $1,202,849 · management and general $310,075 · fundraising $134,815

  • 10 · Payroll taxes

    total $128,242 · program services $93,617 · management and general $24,133 · fundraising $10,492

  • 11a · Fees: management

    total $785,678 · management and general $785,678

  • 11g · Fees: other

    total $415,026 · program services $369,196 · management and general $21,458 · fundraising $24,372

  • 13 · Office expenses

    total $454,373 · program services $440,303 · management and general $2,000 · fundraising $12,070

  • 17 · Travel

    total $228,103 · program services $142,308 · management and general $85,795

  • 22 · Depreciation, depletion and amortization

    total $5,353 · program services $2,505 · management and general $1,985 · fundraising $863

  • 23 · Insurance

    total $23,617 · management and general $23,617

  • 24a · Other expenses: PROJECT SUPPLIES

    total $659,154 · program services $659,154

  • 24b · Other expenses: MISCELLANEOUS

    total $150,111 · program services $73,975 · management and general $13,242 · fundraising $62,894

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,393,375 · end of year $3,074,874

  • 3 · Pledges and grants receivable

    beginning of year $576,198 · end of year $1,704,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,302 · end of year $46,035

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

    $45,494

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

    $24,516

  • 10c · Land, buildings and equipment, net

    beginning of year $25,609 · end of year $20,978

  • 17 · Accounts payable and accrued expenses

    beginning of year $257,352 · end of year $377,181

  • 18 · Grants payable

    beginning of year $406,922

  • 27 · Net assets without donor restrictions

    beginning of year $303,703 · end of year $295,072

  • 28 · Net assets with donor restrictions

    beginning of year $3,053,507 · end of year $4,173,806

Mission and programs · 2022

Mission

CULTURETRUST GREATER PHILADELPHIA PROVIDES A CHARITABLE HOME AND AFFORDABLE SHARED MANAGEMENT RESOURCES TO ARTS AND HERITAGE PROGRAMS OF DIVERSE DISCIPLINES AND CULTURAL TRADITIONS.

Activities or mission (Part I)

PROVIDES A CHARITABLE HOME & SHARED MANAGEMENT RESOURCES TO ARTS & HERITAGE PROGRAMS.

  • CULTURETRUST GREATER PHILADELPHIA (THE "TRUST") IS AN INDEPENDENT CHARITABLE TRUST THAT WAS FORMED AND BEGAN OPERATIONS ON OCTOBER 1, 2013. THE TRUST IS MANAGED BY CULTUREWORKS GREATER PHILADELPHIA, WHICH PROVIDES AFFORDABLE MANAGEMENT SERVICES AND BACK-OFFICE RESOURCES TO CHARITABLE PROJECTS WITHOUT THEIR OWN NON-PROFIT STATUS, OR EXISTING ORGANIZATIONS LOOKING TO INCREASE THEIR MANAGEMENT CAPACITY WHILE REDUCING BACK-OFFICE EXPENSES. THE TRUST SERVES AS THE LEGAL AND ADMINISTRATIVE HOME FOR FISCALLY SPONSORED PROJECTS AND ORGANIZATIONS WORKING IN THE ARTS, CULTURE, HERITAGE, AND SOCIAL IMPACT SECTORS.

    Expenses $3,961,343 · Grants $882,127 · Revenue $555,386

As filed on the 2022 return.

Listed in Part VII

  • MICHELE WALLS

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARANGELI MEJIA-RABELL

    CO-CHAIR

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • KEN METZNER

    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
    $61,400
    From this org
    $61,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • DAWN FRISBY-BYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • SUNANDA GHOSH

    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

  • JOEY LEROUX

    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

  • CARALYN SPECTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 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.

  • KEEPING SOCIETY OF PHILADELPHIA LLC

    TO PROVIDE CULTURAL, ARTISTIC, AND EDUCATIONAL PROGRAMS TO THE COMMUNITY. · PA · income $16,095 · assets $13,004

    Directly controlled by CULTURETRUST GREATER PHILADELPHIA

Provenance

Return type
form_990
Tax year
2022
Filed
30 May 2024
IRS schema version
2022v5.0
Source object
202401519349300735

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