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← CULTURESOURCE

Form 990 for tax year 2023

Filed by CULTURESOURCE.

Totals

Total revenue
$6,112,731
Total expenses
$2,483,737
Contributions and grants received
$6,030,779
Grants paid
$728,000
Program service revenue
$74,556
Investment income
$7,396
Other revenue
$0
Total assets, end of year
$7,554,281
Total liabilities, end of year
$132,016
Net assets or fund balances, end of year
$7,422,265
Program services expenses (Part IX)
$2,034,373
Management and general expenses
$337,142
Fundraising expenses
$112,222
Program service expenses (Part III)
$2,034,373

Program services were 81.9% 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.

  • 1b · Membership dues

    $52,462

  • 1e · Government grants (contributions)

    $53,225

  • 1f · All other contributions, gifts and grants

    $5,925,092

  • 1g · Noncash contributions included above

    $600

  • 2a · Program service revenue: EARNED INCOME

    total $74,556 · related or exempt $74,556

  • 3 · Investment income

    total $7,396 · related or exempt $7,396

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $563,000 · program services $563,000

  • 2 · Grants to domestic individuals

    total $165,000 · program services $165,000

  • 5 · Compensation of officers, directors and key employees

    total $174,070 · program services $109,664 · management and general $45,258 · fundraising $19,148

  • 7 · Other salaries and wages

    total $738,739 · program services $465,406 · management and general $196,221 · fundraising $77,112

  • 11g · Fees: other

    total $338,818 · program services $262,494 · management and general $70,423 · fundraising $5,901

  • 13 · Office expenses

    total $983 · program services $619 · management and general $260 · fundraising $104

  • 16 · Occupancy

    total $26,584 · program services $16,748 · management and general $7,033 · fundraising $2,803

  • 22 · Depreciation, depletion and amortization

    total $6,069 · program services $3,824 · management and general $1,605 · fundraising $640

  • 23 · Insurance

    total $2,319 · program services $1,461 · management and general $613 · fundraising $245

  • 24a · Other expenses: FISCAL SPONSORSHIP

    total $408,699 · program services $408,699

  • 24b · Other expenses: ENTERTAINMENT AND DEVELOP

    total $34,547 · program services $21,765 · management and general $9,139 · fundraising $3,643

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $19,727 · program services $12,428 · management and general $5,219 · fundraising $2,080

  • 24d · Other expenses: MISCELLANEOUS

    total $3,510 · program services $2,211 · management and general $929 · fundraising $370

  • 24e · All other expenses

    total $1,672 · program services $1,054 · management and general $442 · fundraising $176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,493,269 · end of year $2,713,717

  • 3 · Pledges and grants receivable

    beginning of year $1,447,777 · end of year $4,741,364

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,658 · end of year $14,911

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

    $47,658

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

    $35,899

  • 10c · Land, buildings and equipment, net

    beginning of year $17,828 · end of year $11,759

  • 15 · Other assets

    beginning of year $71,715 · end of year $72,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,516 · end of year $24,746

  • 19 · Deferred revenue

    beginning of year $31,745 · end of year $34,740

  • 25 · Other liabilities

    beginning of year $71,715 · end of year $72,530

  • 27 · Net assets without donor restrictions

    beginning of year $727,565 · end of year $742,871

  • 28 · Net assets with donor restrictions

    beginning of year $3,065,706 · end of year $6,679,394

Mission and programs · 2023

Mission

CULTURESOURCE ADVANCES THE WORK OF ORGANIZATIONS THAT CULTIVATE CREATIVE AND CULTURAL EXPRESSION IN SOUTHEAST MICHIGAN.

  • CONVENING. CULTURESOURCE'S PRIMARY SERVICE IS CONVENING THE CULTURAL SECTOR OF SOUTHEAST MICHIGAN. OUR REGULAR GATHERINGS FOR SHARED LEARNING, LEADERSHIP DEVELOPMENT AND NETWORKING, BRING PEOPLE, ORGANIZATIONS AND IDEAS TOGETHER TO BUILD SKILLS AND COLLABORATION TOWARD REALIZING OUR VISION AND SUPPORTING ADAPTIVE CHANGE IN OUR FIELD.

    Expenses $312,708

  • RESEARCH. CULTURESOURCE REGULARLY ENGAGES IN PRACTICES OF RESEARCH, KNOWLEDGE GENERATION, AND INSIGHT SHARING TO GROW THE ARTS AND CULTURE SECTOR'S CAPACITY FOR GREAT WORK. THESE PRACTICES ALSO ALLOW US TO MAKE DATA-DRIVEN DECISIONS REGARDING HOW TO BE OF THE BEST AND HIGHTEST USE TO THE LEADERS, ARTISTS, ORGANIZATIONS, PHILANTHROPISTS AND POLICYMAKERS WHO RELY ON US.

    Expenses $154,953

  • GRANTMAKING. THROUGH GRANTMAKING AND FISCAL SPONSORSHIP INITIATIVES, CULTURESOURCE COLLABORATES WITH FUNDING PARTNERS AND ARTISTIC PROJECTS TO THOUGHTFULLY AND EXPEDIENTLY PROVIDE RESOURCES TO THE CREATIVE PEOPLE AND CULTURAL ORGANIZATIONS THAT SUPPORT OUR VISION OF SEEING SOUTHEAST MICHIGAN FLOURISH.

    Expenses $1,566,712 · Grants $1,136,699

As filed on the 2023 return.

Listed in Part VII

  • OMARI RUSH

    EXECUTIVE DI

    Total calculated
    $174,070
    From this org
    $174,070
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,070
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $174,070

  • DIANA ABOUALI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELLIOTT BROOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AFA DWORKIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TIFFANY FORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL GILCHRIST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIANNE JAMES

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PETER KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM LEWAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MORIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRENT OTT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANGELIQUE POWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OLGA STELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DELASHEA STRAWDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KYLEE MITCHELL WELLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK WILLINGHAM

    DIRECTOR

    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. 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

  • 3 · Compensation committee

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
12 September 2024
IRS schema version
2023v5.0
Source object
202432599349300618

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