Charlotte Street Foundation
- Assets
- $10.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Kansas City, MO
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 27-0040902
Organization Overview
Charlotte Street Foundation is located in Kansas City, MO. The organization was established in 2004. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Charlotte Street Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Street Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Charlotte Street Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARLOTTE STREET ENVISIONS KANSAS CITY AS A DYNAMIC HOME FOR ARTISTS OF VARIOUS CAREER STAGES AND DISCIPLINES TO THRIVE, WHILE SERVING AS NATURAL CATALYSTS FOR AN EXCITING, INNOVATIVE, AND CULTURALLY RICH CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO RESIDENCY PROGRAM - TO SUPPORT ARTISTS WITH ONE YEAR STUDIO RESIDENCIES (RENEWABLE FOR UP TO TWO YEARS) AND PROFESSIONAL DEVELOPMENT PROGRAMMING
AWARDS: MULTIPLE UNRESTRICTED CASH GRANTS IN RECOGNITION OF ARTISTIC ACHIEVEMENT AND CONTINUED ARTISTIC DEVELOPMENT IN THE AREAS OF VISUAL ARTS AND GENERATIVE PERFORMANCE ARTS. CURATOR IN RESIDENCE: ENGAGE EMERGING CURATORS FROM AROUND THE COUNTRY WITH THE KANSAS CITY REGION AND ITS ARTISTS. ARTBOARDS: COMMISSIONED PUBLIC ART INSTALLATION OF DOUBLE-SIDED BILLBOARDS IN THE CROSSROADS NEIGHBORHOOD OF KANSAS CITY. SPONSORED BY MOBANK.
ROCKET GRANTS PROGRAM: TO PROVIDE GRANTS SUPPORTING INNOVATIVE, EXPERIMENTAL,ARTIST-DRIVEN PROJECTS THAT ARE DEVELOPED OUTSIDE TRADITIONAL ARTS VENUES AND OCCUR WITHIN AN 80-MILE RADIUS OF KANSAS CITY.
PUBLIC PROGRAMS: TO FOSTER THE CREATION AND PRESENTATION OF INNOVATIVE, RISK-TAKING CONTEMPORARY ARTS PROGRAMMING THAT NURTURES THE WORK OF OUTSTANDING GENERATIVE ARTISTS OF ALL DISCIPLINES AND ADDS VALUE TO THE CULTURAL ECOSYSTEM OF THE KANSAS CITY REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean-Paul Wong Immediate Past Chair | Trustee | 2 | $0 |
Jose Faus President | OfficerTrustee | 4 | $0 |
Darren Abbott Director | Trustee | 1 | $0 |
Cathy Smith Vice President | OfficerTrustee | 2 | $0 |
Laura Mccray Director | Trustee | 1 | $0 |
Toma Wolff Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,100 |
| Related organizations | $0 |
| Government grants | $80,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,096,032 |
| Noncash contributions included in lines 1a–1f | $18,926 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,762 |
| Total Program Service Revenue | $0 |
| Investment income | $66,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,039 |
| Net Income from Fundraising Events | -$53,427 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,253,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $271,125 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,983 |
| Compensation of current officers, directors, key employees. | $20,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,093 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,844 |
| Payroll taxes | $33,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,644 |
| Office expenses | $39,005 |
| Information technology | $32,211 |
| Royalties | $0 |
| Occupancy | $46,959 |
| Travel | $6,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,642 |
| Insurance | $15,537 |
| All other expenses | $6,991 |
| Total functional expenses | $1,462,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,802 |
| Savings and temporary cash investments | $72,978 |
| Pledges and grants receivable | $372,774 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,121 |
| Net Land, buildings, and equipment | $6,689,660 |
| Investments—publicly traded securities | $2,773,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,006,090 |
| Accounts payable and accrued expenses | $37,371 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,371 |
| Net assets without donor restrictions | $9,642,979 |
| Net assets with donor restrictions | $325,740 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,006,090 |