Foundation For The Flint Cultural Center

Organization Overview

Foundation For The Flint Cultural Center is located in Flint, MI. The organization was established in 2001. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Flint Cultural Center 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 12/2021, Foundation For The Flint Cultural Center generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foundation For The Flint Cultural Center has awarded 21 individual grants totaling $6,179,344. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND ADMINISTER FUNDS AND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE PUBLICLY SUPPORTED ORGANIZATIONS REPORTED IN SCHEDULE A

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO SUPPORTED ORGANIZATIONS AND DISTRIBUTIONS FOR PROGRAM-RELATED EXPENSES. THE AMOUNT TO BE SPENT FROM THE ENDOWED FUNDS HAS BEEN STIPULATED BY THE DONOR'S GRANT AGREEMENT, WHICH FOR 2021 WAS 5.0% OF THE AVERAGE FAIR MARKET VALUE OF THE FUNDS OVER THE PREVIOUS TWENTY TRAILING QUARTERS ENDING SEPTEMBER 30TH OF THE IMMEDIATE PRIOR YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Sherri E Stephens
Chair
$0
Raymond J Kelly III
Secretary
$0
F James Cummins
Vice Chair
$0
Isaiah Oliver
President & CEO
$0
Brett Hunkins
CFO
$0
Lennetta Coney
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,000,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,000,000
Total Program Service Revenue$0
Investment income $709,736
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,682,467
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,392,203

Grants Awarded

Over the last fiscal year, Foundation For The Flint Cultural Center has awarded $893,080 in support to 3 organizations.

Grant RecipientAmount

FLINT INSTITUTE OF MUSIC

Org PageRecipient Profile

Flint, MI

PURPOSE: PROGRAM/OPERATIONAL SUPPORT

$404,588

FLINT CULTURAL CENTER CORPORATION

Org PageRecipient Profile

Flint, MI

PURPOSE: PROGRAM/OPERATIONAL SUPPORT

$297,222

FLINT INSTITUTE OF ARTS

Org PageRecipient Profile

Flint, MI

PURPOSE: PROGRAM/OPERATIONAL SUPPORT

$191,270
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation For The Flint Cultural Center has recieved totaling $4,000,000.

Awarding OrganizationAmount
Charles Stewart Mott Foundation

Flint, MI

PURPOSE: TO STRENGTHEN THE CAPACITY OF THE FLINT CULTURAL CENTER INSTITUTIONS (THE FLINT INSTITUTE OF MUSIC, THE FLINT INSTITUTE OF ART, THE WHITING AND SLOAN*LONGWAY).

$4,000,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,837,870
Earnings$4,190,522
Admin Expense$49,471
Net Contributions$4,000,000
Other Expense$50,892
Grants$893,080
Ending Balance$38,034,949

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