Form 990 for tax year 2023

Filed by CULTIVATE SOUTH PARK.

What the amendment changed

Compared with the return it replaced , filed 14 November 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.

Total revenue: $0 changed to $670,804
Total expenses: $0 changed to $608,907
Contributions and grants received: $0 changed to $668,985
Investment income: $0 changed to $33
Other revenue: $0 changed to $1,786
Total assets, end of year: $0 changed to $41,585
Total liabilities, end of year: $0 changed to $7,339
Net assets or fund balances, end of year: $0 changed to $34,246
Program services expenses: $0 changed to $456,680
Management and general expenses: $0 changed to $91,336
Fundraising expenses: $0 changed to $60,891
Program service expenses (Part III): $0 changed to $456,680

Totals

Total revenue: $670,804
Total expenses: $608,907
Contributions and grants received: $668,985
Grants paid: $0
Program service revenue: $0
Investment income: $33
Other revenue: $1,786
Total assets, end of year: $41,585
Total liabilities, end of year: $7,339
Net assets or fund balances, end of year: $34,246
Program services expenses (Part IX): $456,680
Management and general expenses: $91,336
Fundraising expenses: $60,891
Program service expenses (Part III): $456,680

Program services were 75.0% 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

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$523,716
1f · All other contributions, gifts and grants

$145,269
1g · Noncash contributions included above

$0
3 · Investment income

total $33 · related or exempt $33 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

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

$0
11d · All other revenue

total $1,786 · related or exempt $1,786 · unrelated business $0 · excluded $0
11e · Other revenue, total

$1,786

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $286,527 · program services $214,895 · management and general $42,979 · fundraising $28,653
9 · Other employee benefits

total $3,216 · program services $2,412 · management and general $482 · fundraising $322
10 · Payroll taxes

total $26,187 · program services $19,640 · management and general $3,928 · fundraising $2,619
11g · Fees: other

total $138,792 · program services $104,094 · management and general $20,819 · fundraising $13,879
13 · Office expenses

total $134,816 · program services $101,112 · management and general $20,222 · fundraising $13,482
16 · Occupancy

total $10,388 · program services $7,791 · management and general $1,558 · fundraising $1,039
17 · Travel

total $157 · program services $118 · management and general $24 · fundraising $15
20 · Interest

total $0
23 · Insurance

total $8,824 · program services $6,618 · management and general $1,324 · fundraising $882

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year -$21,697 · end of year $41,585
4 · Accounts receivable

beginning of year $600
17 · Accounts payable and accrued expenses

beginning of year $4,249 · end of year $7,339
25 · Other liabilities

beginning of year $5,954
27 · Net assets without donor restrictions

beginning of year -$57,400 · end of year -$57,400
28 · Net assets with donor restrictions

beginning of year $26,100 · end of year $91,646

Mission and programs · 2023

Mission

Grassroot community non-profit in Seattle Washington's South Park neighborhood.

Activities or mission (Part I)

Connecting Neighbors and their Gifts to co-create a thriving and equitable South Park

Cultivate South Park operates food security, arts & culture, equitable and economic development through programming and events and events in the South Park community. Instead of a typical food bank, we host a Latin-style market and food bank attractively arranged like a retail store where we serve over 200 families each month. Working with the City of Seattle and the Cultural Space Agency, we purchased a 32,000 sq. ft. multi-use commercial building. "El Barrio" features a historic event space, a teaching space, apartments, restaurants, and small retail establishments. El Barrio hosts community programs centering youth, the environment, arts, job skills and health/wellness. Our programs grow youth leadership and develop job skills in a poor neighborhood where few youth jobs are available. In 2024, Cultivate supported over 70 small businesses and over 5,000 individuals through programming and events.

Expenses $456,680

As filed on the 2023 return.

Listed in Part VII

Rob Coburn

President

Total calculated

$0

Hours/week

2
Khyree Smith

Treasurer

Total calculated

$0

Hours/week

0.25
Renato Foz

Board Member

Total calculated

$0

Hours/week

0.25

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: 2023
Filed: 14 November 2024
IRS schema version: 2023v5.0
Source object: 202403529349300105

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