Form 990 for tax year 2024
Filed by CULTURETRUST GREATER PHILADELPHIA.
Totals
- Total revenue
- $6,644,012
- Total expenses
- $6,919,562
- Contributions and grants received
- $5,849,511
- Grants paid
- $1,344,971
- Program service revenue
- $725,471
- Investment income
- $0
- Other revenue
- $69,030
- Total assets, end of year
- $4,878,897
- Total liabilities, end of year
- $695,179
- Net assets or fund balances, end of year
- $4,183,718
- Program services expenses (Part IX)
- $6,093,637
- Management and general expenses
- $771,859
- Fundraising expenses
- $54,066
- Program service expenses (Part III)
- $6,093,637
Program services were 88.1% 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)
$492,068
-
1f · All other contributions, gifts and grants
$5,357,443
-
1g · Noncash contributions included above
$48,284
-
2a · Program service revenue: PROFESSIONAL FEES
total $547,381 · related or exempt $547,381
-
2b · Program service revenue: ADMISSIONS
total $178,090 · related or exempt $178,090
-
10a · Gross sales of inventory
$167,457
-
10b · Cost of goods sold
$115,564
-
10c · Net income from sales of inventory
total $51,893 · excluded $51,893
-
11a · Other revenue: OTHER REVENUE
total $17,137 · excluded $17,137
-
11e · Other revenue, total
$17,137
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,195,505 · program services $1,195,505
-
2 · Grants to domestic individuals
total $149,466 · program services $149,466
-
5 · Compensation of officers, directors and key employees
total $76,610 · management and general $76,610
-
7 · Other salaries and wages
total $3,294,926 · program services $2,980,934 · management and general $313,992
-
9 · Other employee benefits
total $116,313 · program services $87,693 · management and general $28,620
-
10 · Payroll taxes
total $191,664 · program services $144,502 · management and general $47,162
-
11b · Fees: legal
total $15,592 · management and general $15,592
-
11c · Fees: accounting
total $331 · management and general $331
-
11e · Fees: professional fundraising services
total $54,066 · fundraising $54,066
-
11g · Fees: other
total $459,700 · program services $397,879 · management and general $61,821
-
13 · Office expenses
total $101,100 · program services $94,675 · management and general $6,425
-
14 · Information technology
total $43,849 · program services $25,384 · management and general $18,465
-
16 · Occupancy
total $265,559 · program services $156,379 · management and general $109,180
-
17 · Travel
total $302,684 · program services $285,611 · management and general $17,073
-
20 · Interest
total $5,655 · management and general $5,655
-
22 · Depreciation, depletion and amortization
total $7,984 · management and general $7,984
-
23 · Insurance
total $65,924 · program services $35,640 · management and general $30,284
-
24a · Other expenses: PROJECT SUPPLIES
total $442,125 · program services $419,300 · management and general $22,825
-
24b · Other expenses: DONATED MATERIALS
total $48,284 · program services $48,284
-
24c · Other expenses: MISCELLANEOUS
total $31,047 · program services $28,606 · management and general $2,441
-
24e · All other expenses
total $51,178 · program services $43,779 · management and general $7,399
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,916,968 · end of year $2,870,124
-
3 · Pledges and grants receivable
beginning of year $992,044 · end of year $1,819,803
-
9 · Prepaid expenses and deferred charges
beginning of year $92,753 · end of year $74,712
-
10a · Land, buildings and equipment: cost or other basis
$48,772
-
10b · Land, buildings and equipment: accumulated depreciation
$41,397
-
10c · Land, buildings and equipment, net
beginning of year $15,359 · end of year $7,375
-
15 · Other assets
beginning of year $93,702 · end of year $106,883
-
17 · Accounts payable and accrued expenses
beginning of year $549,646 · end of year $582,275
-
25 · Other liabilities
beginning of year $101,912 · end of year $112,904
-
27 · Net assets without donor restrictions
beginning of year $2,614,176 · end of year $1,508,779
-
28 · Net assets with donor restrictions
beginning of year $1,845,092 · end of year $2,674,939
Mission and programs · 2024
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 FY25, THE TRUST SERVED AS THE LEGAL, FINANCIAL, AND ADMINISTRATIVE HOME FOR 99 FISCALLY SPONSORED PROJECTS ACROSS THE ARTS, CULTURE, HERITAGE, AND SOCIAL IMPACT SECTORS. PROJECTS SHARE THE TRUST'S NONPROFIT STATUS AND RECEIVE MANAGEMENT RESOURCES AND BACK-OFFICE SUPPORT FROM CULTUREWORKS, THE TRUST ADMINISTRATOR, WHICH ALLOWS PROJECTS TO INCREASE OPERATIONAL EFFICIENCY IN SUPPORT OF THEIR OWN MISSIONS. THE TRUST DOES NOT RUN ITS OWN PROGRAMMING; ALL REVENUES AND EXPENSES ARE RELATED TO THE ACTIVITIES OF FISCALLY SPONSORED PROJECTS THEMSELVES. THE TRUST AND TRUST ADMINISTRATOR STEWARD PROJECT FUNDS AND ENSURE COMPLIANCE WITH CHARITABLE GUIDELINES.
Expenses $6,093,637 · Grants $1,344,971 · Revenue $725,471
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Melinda SteffyMELINDA STEFFY
CO-EXECUTIVE DIRECTOR
- Total calculated
- $110,771
- From this org
- $0
- From related orgs
- $102,029
- Other
- $8,742
- Hours/week
- 20 + 20 related
-
Ariel SheltonARIEL SHELTON
CO-EXECUTIVE DIRECTOR
- Total calculated
- $109,290
- From this org
- $0
- From related orgs
- $101,229
- Other
- $8,061
- Hours/week
- 8 + 32 related
-
Tailinh AgoyoTAILINH AGOYO
DIRECTOR (UNTIL JULY 2024)
- Total calculated
- $71,760
- From this org
- $71,760
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 2 related
-
Marangeli Mejia-RabellMARANGELI MEJIA-RABELL
CO-CHAIR
- Total calculated
- $56,000
- From this org
- $56,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20 + 1 related
-
Joey LerouxJOEY LEROUX
SECRETARY
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 1 related
-
Michele WallsMICHELE WALLS
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark ComerotaMARK COMEROTA
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dawn Frisby-ByersDAWN FRISBY-BYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Roberta JohnsonROBERTA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Theresa JacksonTHERESA JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Karol MasonKAROL MASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Annie Chiu-McCabeANNIE CHIU-MCCABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ken MetznerKEN METZNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Caralyn SpectorCARALYN SPECTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tiffany DolanTIFFANY DOLAN
DIRECTOR (BEGAN OCT. 2024)
- Total calculated
- $0
- Hours/week
- 1 + 1 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
-
HISTORY MAKING PRODUCTIONS
$444,457
GRANTS FOR ARTS PROJECTS.
-
$339,686
GRANTS FOR ARTS PROJECTS.
-
PRESENTE MEDIA LLC
$142,552
GRANTS FOR ARTS PROJECTS.
-
GET FRESH DAILY LLC
$68,280
GRANTS FOR ARTS PROJECTS.
-
RED PEN ARTS LLC
$44,729
GRANTS FOR ARTS PROJECTS.
-
$32,700
GRANTS FOR ARTS PROJECTS.
-
$30,700
GRANTS FOR ARTS PROJECTS.
-
SOTOMAYOR PRODUCTIONS DEVELOPMENT LLC
$23,819
GRANTS FOR ARTS PROJECTS.
-
$21,094
GRANTS FOR ARTS PROJECTS.
-
$12,510
GRANTS FOR ARTS PROJECTS.
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.
-
CULTUREWORKS GREATER PHILADELPHIA
501(C)(3) · CO-WORKING, FISCAL SPONSORSHIP SERVICES, PROFESSIONAL DEVELOPMENT EVENTS · PA
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 $16,893 · assets $15,072
Directly controlled by CULTURETRUST GREATER PHILADELPHIA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621189349300147
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