Skip to content
Nonprofiteer
← CULTURE FOR ONE INC

Form 990 for tax year 2024

Filed by CULTURE FOR ONE INC.

Totals

Total revenue
$1,016,345
Total expenses
$908,478
Contributions and grants received
$602,140
Grants paid
$0
Program service revenue
$0
Investment income
$11,264
Other revenue
$402,941
Total assets, end of year
$580,621
Total liabilities, end of year
$67,540
Net assets or fund balances, end of year
$513,081
Program services expenses (Part IX)
$634,800
Management and general expenses
$102,202
Fundraising expenses
$171,476
Program service expenses (Part III)
$634,800

Program services were 69.9% 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)

    $85,215

  • 1f · All other contributions, gifts and grants

    $516,925

  • 1g · Noncash contributions included above

    $18,845

  • 3 · Investment income

    total $11,264 · related or exempt $11,264

  • 8a · Fundraising events: gross income

    $474,658

  • 8b · Fundraising events: direct expenses

    $71,717

  • 8c · Net income from fundraising events

    total $402,941

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $253,895 · program services $124,903 · management and general $26,829 · fundraising $102,163

  • 11g · Fees: other

    total $15,862 · fundraising $15,862

  • 12 · Advertising and promotion

    total $22,115 · fundraising $22,115

  • 13 · Office expenses

    total $21,296 · program services $4,304 · management and general $15,487 · fundraising $1,505

  • 16 · Occupancy

    total $10,200 · program services $6,018 · management and general $2,040 · fundraising $2,142

  • 17 · Travel

    total $3,517 · program services $1,372 · management and general $140 · fundraising $2,005

  • 23 · Insurance

    total $5,812 · program services $3,455 · management and general $1,147 · fundraising $1,210

  • 24a · Other expenses: EXCURSIONS AND WORKSHOPS

    total $208,838 · program services $208,838

  • 24b · Other expenses: SCHOLARSHIPS

    total $200,372 · program services $200,372

  • 24c · Other expenses: CONSULTANTS AND CONTRACTS

    total $119,595 · program services $67,549 · management and general $37,105 · fundraising $14,941

  • 24d · Other expenses: PROFESSIONAL FEES

    total $18,150 · management and general $18,150

  • 24e · All other expenses

    total $28,826 · program services $17,989 · management and general $1,304 · fundraising $9,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $417,046 · end of year $380,690

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,411 · end of year $12,217

  • 11 · Investments: publicly traded securities

    end of year $187,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,893 · end of year $37,540

  • 19 · Deferred revenue

    beginning of year $10,350 · end of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $405,214 · end of year $513,081

Mission and programs · 2024

Mission

CFO ENRICHES THE LIVES OF NYC CHILDREN IN FOSTER CARE THROUGH THE TRANSFORMATIVE POWER OF THE ARTS. BUT NURTURING THEIR TALENTS AND INTERESTS, WE EMPOWER CHILDREN TO ENVISION BRIGHTER FUTURES AND PURSUE THEIR FULL POTENTIAL.

Activities or mission (Part I)

CFO ENRICHES THE LIVES OF NYC CHILDREN IN FOSTER CARE THROUGH THE TRANSFORMATIVE POWER OF ARTS. BY NURTURING THEIR TALENTS AND INTERESTS, WE EMPOWER CHILDREN TO ENVISION BROGHTER FUTUTRES AND PURSUE THEIR FULL POTENTIAL.

  • THE ORGANIZATION PROVIDES FREE, HIGH-QUALITY OPPORTUNITIES TO INSPIRE THEIR CREATIVITY, STIMULATE THEIR INTELLECT AND INTRODUCE THEM TO BROADER POSSIBILITIES FOR THEIR FUTURE. THE ORGANIZATION USES CULTURAL EXCURSIONS, CREATIVE WORKSHOPS, ART SCHOLARSHIPS, TAKE HOME ART PROJECTS AND ONE-TO-ONE MENTORING TO NURTURE BIG DREAMS AND ENCOURAGE HIGHER EDUCATION AND CAREER PLANNING. THROUGH EXPOSURE TO THE ARTS AND POSITIVE ROLE MODLES,THE ORGAINIZATION HELPS THESE VULNERABLE YOUTH BUILD CONFIDENCE, AQUIRE LIFE SKILLS, IDENTIFY NEW INDENTIFY NEW INTERESTS AND IMPROVE THEIR ACADEMIC PERFORMANCE.

  • THE ORGANIZATION PROVIDES FREE, HIGH-QUALITY OPPORTUNITIES TO INSPIRE THEIR CREATIVITY, STIMULATE THEIR INTELLECT AND INTRODUCE THEM TO BROADER POSSIBILITIES FOR THEIR FUTURE. THE ORGANIZATION USES CULTURAL EXCURSIONS, CREATIVE WORKSHOPS, ART SCHOLARSHIPS, TAKE HOME ART PROJECTS AND ONE-TO-ONE MENTORING TO NURTURE BIG DREAMS AND ENCOURAGE HIGHER EDUCATION AND CAREER PLANNING. THROUGH EXPOSURE TO THE ARTS AND POSITIVE ROLE MODLES,THE ORGAINIZATION HELPS THESE VULNERABLE YOUTH BUILD CONFIDENCE, AQUIRE LIFE SKILLS, IDENTIFY NEW INDENTIFY NEW INTERESTS AND IMPROVE THEIR ACADEMIC PERFORMANCE.

    Expenses $634,800

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Kasarsky

    EXECUTIVE DI

    Total calculated
    $63,462
    From this org
    $63,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Bethany Brichta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nigel Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Chilton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Stacey Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daryl Dyer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Eleanor Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sumiko Kanazawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mara Kane

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Harold Koda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Matthew Perlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tashi Sarhan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eileen Schein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Travis Schwerin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Sousa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Tobak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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
24 April 2026
IRS schema version
2024v5.0
Source object
202611329349303266

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

The source document this was parsed from is served over the API, which is where bulk and document access live.