The Collective The Cltv Inc
- Assets
- $897.1k
- Revenue
- $299.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Memphis, TN
- Founding
- 04/2017
- Data as of
- 06/2021
- EIN
- 32-0460234
Organization Overview
The Collective The Cltv Inc is located in Memphis, TN. The organization was established in 2017. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Collective The Cltv Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collective The Cltv Inc 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 06/2021, Collective The Cltv Inc generated $299.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $319.8k during the year ending 06/2021. While expenses have increased by 39.7% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BLACK ARTS ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EXHIBITS AND SPECIAL EVENTS TO DISPLAY WORKS OF LOCAL BLACK ARTISTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Knox Board Chair | Officer | 0 | $0 |
Tyree Daniels Board Member | Officer | 0 | $0 |
Darrell Cobbins Board Member | Officer | 0 | $0 |
Deja Foster Board Member | Officer | 0 | $0 |
Derek Fordjour Board Member | Officer | 0 | $0 |
Andrea Echols Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,175 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,603 |
| Fees for services: Management | $14,390 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,414 |
| Advertising and promotion | $27,238 |
| Office expenses | $47,348 |
| Information technology | $9,702 |
| Royalties | $0 |
| Occupancy | $34,905 |
| Travel | $5,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $736 |
| All other expenses | $0 |
| Total functional expenses | $319,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $8,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $795,132 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $897,060 |
| Accounts payable and accrued expenses | -$1,000 |
| Grants payable | $40,677 |
| 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 | $25,701 |
| Total liabilities | $65,378 |
| Net assets without donor restrictions | $852,112 |
| Net assets with donor restrictions | -$20,430 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $831,682 |