Cultivate Community
- Assets
- $341.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ypsilanti, MI
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3416760
Organization Overview
Cultivate Community is located in Ypsilanti, MI. The organization was established in 2015. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultivate Community 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, Cultivate Community generated $15.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (59.9%) each year. All expenses for the organization totaled $17.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (59.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NOTE: WE ARE AWAITING PROCEEDS OF THE BUILDING SALE TO HAVE RESOURCES FOR FUTURE PROGRAM ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Wallace Executive Director | 5 | $9,000 | |
Thomas Grittter Vice President | 0 | $0 | |
Billy Kangas Treasurer, Secretary | 0 | $0 | |
Patrick Davis Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,060 |
| Total Revenue | $15,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,323 |
| Total expenses | $17,323 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,038 |
| Other assets | $0 |
| Total assets | $341,138 |
| Total liabilities | $0 |
| Net assets or fund balances | $341,138 |