Flint Cultural Center Corporation Inc
- Assets
- $72.0m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 218
- Location
- Flint, MI
- Founding
- 07/1959
- Data as of
- 06/2022
- EIN
- 38-6089075
Organization Overview
Flint Cultural Center Corporation Inc is located in Flint, MI. The organization was established in 1959. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Flint Cultural Center Corporation Inc employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flint Cultural Center Corporation 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 06/2022, Flint Cultural Center Corporation Inc generated $13.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $20.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Flint Cultural Center Corporation Inc has awarded 17 individual grants totaling $27,951,967. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FLINT CULTURAL CENTER CORPORATION (FCCC) IS TO FOSTER CULTURAL ACTIVITY AND COMMUNITY VITALITY THROUGH HISTORY, SCIENCE AND THE ARTS. FCCC OWNS, MANAGES AND MAINTAINS A 35-ACRE CULTURAL CENTER CAMPUS; COORDINATES CAMPUS-WIDE PLANNING, MARKETING, AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FCCC IS RESPONSIBLE FOR THE MAINTENANCE OF THE BUILDINGS AND GROUNDS OF THE FLINT CULTURAL CENTER CAMPUS, AS WELL AS, ADMINISTRATIVE SERVICES FOR THE CAMPUS AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Whitmore Chair | OfficerTrustee | 0.5 | $0 |
John Macdonald Vice Chairpe | OfficerTrustee | 0.5 | $0 |
Steve Heddy Treasurer | OfficerTrustee | 0.5 | $0 |
David Stickel Secretary | OfficerTrustee | 0.5 | $0 |
John Cherry Director | Trustee | 0.5 | $0 |
Gary Hurand Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sorensen Gross Construction Co Constuction | 6/29/22 | $132,819 |
Warner Norcross Judd Consulting | 6/29/22 | $124,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,959,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,109,791 |
| Total Program Service Revenue | $4,797,350 |
| Investment income | $293,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $266,085 |
| 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 | $12,957,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,883,948 |
| 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. | $486,143 |
| Compensation of current officers, directors, key employees. | $437,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,310,142 |
| Pension plan accruals and contributions | $76,657 |
| Other employee benefits | $381,428 |
| Payroll taxes | $291,775 |
| Fees for services: Management | $38,499 |
| Fees for services: Legal | $45,354 |
| Fees for services: Accounting | $41,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,650 |
| Advertising and promotion | $6,263 |
| Office expenses | $104,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,101,150 |
| Travel | $10,334 |
| 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 | $2,540,374 |
| Insurance | $123,349 |
| All other expenses | $25,696 |
| Total functional expenses | $20,220,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,797,005 |
| 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 | $5,948 |
| Net Land, buildings, and equipment | $57,894,330 |
| Investments—publicly traded securities | $10,218,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $916,901 |
| Total assets | $72,033,333 |
| Accounts payable and accrued expenses | $1,212,544 |
| 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 | $1,212,544 |
| Net assets without donor restrictions | $54,793,918 |
| Net assets with donor restrictions | $16,026,871 |
| 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 | $72,033,333 |
Grants Awarded
Over the last fiscal year, Flint Cultural Center Corporation Inc has awarded $9,883,948 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FLINT INSTITUTE OF MUSICFYT PURPOSE: TICKETS AND SUPPORT | $3,628,916 |
FLINT INSTITUTE OF ARTS PURPOSE: TICKETS AND SUPPORT | $37,273 |
UPTOWN REINVESTMENT CORPORATION PURPOSE: DEVELOPMENT OF ARTS | $159,700 |
FLINT CULTURAL CENTER FOUNDATION PURPOSE: SUPPORT | $2,730,683 |
FLINT INST OF SCIENCE & HISTORY PURPOSE: TICKETS AND SUPPORT | $3,327,376 |