Five Points Cultural Commission
- Assets
- $633.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- Data as of
- 12/2021
- EIN
- 47-4841675
Organization Overview
Five Points Cultural Commission is located in Montgomery, AL. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Points Cultural Commission is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FIVE POINTS CULTURAL COMMISSION SEEKS TO COMBAT COMMUNITY DETERIORATION, LESSEN NEIGHBORHOOD TENSIONS AND PROVIDE OPPORTUNITY FOR LOW INCOME POPULATIONS THAT OFTEN LACK ACCESS AND OPPORTUNITY - WE DO THIS THROUGH REVITALIZING DETERIORATED NEIGHBORHOOD CORRIDORS AND PROVIDING SUBSIDIZED COMMERCIAL OPPORTUNITIES IN RENOVATED SPACES. WE REHABILITATE DETERIORATED PROPERTIES IN LOW INCOME NEIGHBORHOODS. IN THE PROCESS OF CARRYING OUT THAT EXEMPT PURPOSE, WE LESSEN NEIGHBHOORD TENSIONS BY IMPROVING COMMUNITIES THAT FEEL NEGLECTED, OFFER JOB AND ENTREPRENEURIAL OPPORTUNITIES WHERE THEY DID NOT EXIST, OR OFFER PLACES FOR PEOPLE OF DIFFERENT RACIAL AND SOCIO-ECONOMIC BACKGROUNDS CAN INTERACT, WHICH OFFERS OPPORTUNITIES FOR ELIMINATING PREJUDICE THROUGH INTERACTION. FINALLY, WE PROVIDE RELIEF FOR THE POOR AND UNDERPRIVILEGED THROUGH CREATING ECONOMIC OPPORTUNITY AND INCREASING THE VALUE OF BUSINESSES AND RESIDENTIAL PROPERTIES IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIVE POINTS CULTURAL COMMISSION SEEKS TO COMBAT COMMUNITY DETERIORATION, LESSEN NEIGHBORHOOD TENSIONS, AND PROVIDE OPPORTUNITY FOR LOW INCOME POPULATIONS THAT OFTEN LACK ACCESS AND OPPORTUNITY - WE DO THIS THROUGH REVITALIZING DETERIORATED NEIGHBORHOOD CORRIDORS AND PROVIDING SUBSIDIZED COMMERCIAL OPPORTUNITIES IN RENOVATED SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chase Fisher President | OfficerTrustee | 1 | $0 |
Kevin King Secretary | OfficerTrustee | 0 | $0 |
Farris Bell Director | Trustee | 0 | $0 |
Johnny Veres Director | Trustee | 0 | $0 |
Rashim Mckinney Director | Trustee | 0 | $0 |
Joyce Vaughn Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,118 |
| Travel | $0 |
| 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 | $11,865 |
| Insurance | $6,573 |
| All other expenses | $0 |
| Total functional expenses | $42,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $624,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $633,928 |
| Accounts payable and accrued expenses | $0 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $250,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$58,107 |
| Total liabilities and net assets/fund balances | $633,928 |