Form 990 for tax year 2024

Filed by FOLUKE CULTURAL ARTS CENTER INC.

Totals

Total revenue: $217,216
Total expenses: $215,647
Contributions and grants received: $181,548
Grants paid: $0
Program service revenue: $31,499
Investment income: $0
Other revenue: $4,169
Total assets, end of year: $1,569
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,569
Program services expenses (Part IX): $107,933
Management and general expenses: $91,962
Fundraising expenses: $15,752
Program service expenses (Part III): $107,933

Program services were 50.1% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$7,652
1d · Related organizations

$0
1e · Government grants (contributions)

$66,442
1f · All other contributions, gifts and grants

$107,454
1g · Noncash contributions included above

$0
2a · Program service revenue: Burten, Bell, Carr, CDC

total $4,675 · related or exempt $4,675 · unrelated business $0 · excluded $0
2b · Program service revenue: Starting-Point

total $16,574 · related or exempt $16,574 · unrelated business $0 · excluded $0
2c · Program service revenue: Friendly Inn Settlement House

total $9,200 · related or exempt $9,200 · unrelated business $0 · excluded $0
2d · Program service revenue: Cleveland Metropolitan School District

total $950 · related or exempt $950 · unrelated business $0 · excluded $0
2e · Program service revenue: State of Ohio ACE Program

total $100 · related or exempt $100 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$7,652
11a · Other revenue: 2023 Carryover

total $3,331 · related or exempt $3,331 · unrelated business $0 · excluded $0
11b · Other revenue: Miscellaneous Revenue

total $838 · related or exempt $838 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$4,169

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $58,025 · program services $0 · management and general $58,025 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $6,645 · program services $0 · management and general $6,645 · fundraising $0
11a · Fees: management

total $118,402 · program services $102,650 · management and general $0 · fundraising $15,752
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $898 · program services $898 · management and general $0 · fundraising $0
13 · Office expenses

total $26,810 · program services $3,085 · management and general $23,725 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $4,867 · program services $1,300 · management and general $3,567 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

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

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,372 · end of year $1,569
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10c · Land, buildings and equipment, net

beginning of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $3,372 · end of year $1,569
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Our mission is to offer exposure to and instruction in the performing arts, visual arts, and arts education for all ages regardless of religious affiliation or economic background. We provide after school and summer arts activities for childre, youth, and teens in addition to arts activities for seniors and disabled adults in underserved areas.

Activities or mission (Part I)

Our mission is to offer exposure to and instruction in the performing arts and arts education for all ages regardless of their religious affiliation or economic background.

Foluke Cultural Arts is currently providing in-person arts programming to over 800 students attending Friendly Inn Settlement House Community Center after school and on Saturdays for Foluke SaturdayARTS programming, also at Friendly Inn. Foluke Cultural Arts is providing arts services/programming at Friendly Inn Settlement, in addition to four inner-ring suburban High School through the Closing the Achievement Gap (CTAG)/Students of Promise program. Foluke Cultural Arts is also in the process of building new partnerships with new clients.

Expenses $107,933 · Revenue $217,216
n/a
n/a

As filed on the 2024 return.

Listed in Part VII

Dava Cansler

Executive Director

Total calculated

$30,000

From this org

$30,000

From related orgs

$0

Other

$0

Hours/week

40
Monique Biggers

Administrative Assistant

Total calculated

$28,750

From this org

$28,750

From related orgs

$0

Other

$0

Hours/week

40
Sharyse Jones

Board President

Total calculated

$0

Hours/week

4
Siobhan Dupree

Board Treasurer

Total calculated

$0

Hours/week

0
Arnetta Matthews

Board Member

Total calculated

$0

Hours/week

4
Jessica Cheng

Board Member

Total calculated

$0

Hours/week

4
Lisanetta McDade

Board Member

Total calculated

$0

Hours/week

4
Meadow Walker

Board Member

Total calculated

$0

Hours/week

4
Gwendolyn Garth

Board Member

Total calculated

$0

Hours/week

2

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 15 May 2025
IRS schema version: 2024v5.0
Source object: 202511349349301806

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