Cul2vate
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
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 Year | 2022 | 2021 | 2020 |
---|---|---|---|
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 Year | 2022 | 2021 | 2020 |
---|---|---|---|
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 Year | 2022 | 2021 | 2020 |
---|---|---|---|
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 Year | 2022 | 2021 | 2020 |
---|---|---|---|
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 Year | 2022 | 2021 | 2020 |
---|---|---|---|
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
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
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
Finances can present challenges. (1) Currently, we are faced with continuing the vision for our mission with a short history. Our donor has increased, but we are still very young and have infrastructure costs. We have to provide visual milestones to prove our ministry is on solid ground. (2) Our goal for 2020 is to increase our monthly recurring donors while helping our current champions to become more actively involved in our ministry. (3) Cul2vate must maintain financial transparency. As we move from vision casting to strategy to implementation, we want to continue to seek aggressively the maximization of the dollar as it pertains to those who are receiving help from us. We want to constantly be looking at that as we continue to grow. (4) As we continue on our journey, we also are weighing and understanding efforts of expansion. While we are still learning, we hope to engage more hunger through partnerships and continued diligence. |
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. |