Cul2vate
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615-454-7431
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P.O. Box 2806
Brentwood, TN 37024
Organization Details

Fiscal Year

Fiscal Year Start

01/01/2024

Fiscal Year End

12/31/2024

Projected Revenue

$1,719,318.38

Projected Expenses

$1,710,677.00

Organizational Budgets and Other Documents

Cul2vate Budget 2024
Cul2vate Budget 2022
2021 Budget 2021
Revised 2020 Budget 2020
Budget 2019
Budget 2018
Budget 2017
Cul2vate 2016 Budget 2016

IRS Letter of Exemption

IRS Letter of Determination

Detailed Financials

Revenue and Expenses
Fiscal Year202220212020
Total Revenue $1,099,543.00$888,893.00$559,336.00
Total Expenses $803,509.00$513,119.00$431,714.00
Revenue Less Expenses $296,034.00$375,774.00$127,622.00

Revenue Sources
Fiscal Year202220212020
Foundation and Corporation Contributions $0.00$261,275.00$99,944.00
Government - Federal $0.00$0.00$0.00
Government - State $0.00$25,032.00$133,650.00
Government - Local $0.00$0.00$0.00
Government - Unspecified $0.00$0.00$0.00
Contributions, Gifts, and Grants $685,702.00$375,322.00$114,464.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $0.00$2,653.00$12,923.00
Investment Income, Net of Losses $122.00$12.00$13.00
Membership Dues $0.00$0.00$0.00
Special Events $413,955.00$222,895.00$187,117.00
Revenue In-Kind $0.00$1,704.00$11,225.00
Other $-236.00$0.00$0.00

Expense Allocation
Fiscal Year202220212020
Program Expense $545,833.00$413,511.00$335,461.00
Administration Expense $180,211.00$81,245.00$51,767.00
Fundraising Expense $77,465.00$18,363.00$44,486.00
Total Revenue/Total Expenses 137%173%130%
Program Expense/Total Expenses 68%81%78%
Fundraising Expense/Contributed Revenue 10%4%10%

Top Funding Sources
Fiscal Year202220212020
Top Funding Source & Dollar Amount Contributions, Gifts, and Grants
$685,702.00
Contributions, Gifts, and Grants
$375,322.00
Fundraising Events
$187,117.00
Second Highest Funding Source & Dollar Amount Fundraising Events
$413,955.00
Foundation and Corporations
$261,275.00
State Government Grants
$133,650.00
Third Highest Funding Source & Dollar Amount Investment Income
$122.00
Fundraising Events
$222,895.00
Contributions, Gifts, and Grants
$114,464.00

Assets and Liabilities
Fiscal Year202220212020
Total Assets $1,132,282.00$838,490.00$507,581.00
Current Assets $963,414.00$774,408.00$437,921.00
Long-Term Liabilities $0.00$0.00$50,790.00
Current Liabilities $10,577.00$1,418.00$638.00
Total Net Assets $1,121,705.00$837,072.00$456,153.00

Endowment Info

Do you have an endowment?

No

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

Yes

Solicitation Permit Info

State Charitable Solicitations Permit

Under Extension

Form 990s

990 2022
2021 Form 990 2021
Cul2vate 2020 Form 990 2020
Cul2vate Complete Form 990 2019
2018 990 2018
2017 990 2017
990-EZ 2016
990-EZ 2015
2014 990N 2014

Audit Documents

Audited Financials 2022
Financial Review 2021

CEO/Executive Director/Board Comments


Being financially sound as an organization is always a top priority. (1) Currently, we are growing while remaining true to our core mission. While so many things have been accomplished thus far, we are still a fairly young organization working to cover infrastructure costs especially during this time of growth and change. (2) Our goal for 2027 is to increase our food production even higher, add more community and partner farms, and train 50 Cul2vators. (3) Cul2vate works to maintain financial transparency. (4) As we expand and have more strategic partners, we will also be looking to procure land near the Nashville Area to provide an even larger flagship farm where we can continue growing food and growing people.

Foundation Staff Comments


Financial data compiled by Form 990. Schedule B removed to protect donor privacy. Form 990 prepared by Scott CPA. Comment provided by Hayley Sulfridge 12/15/23.