African American Cultural Society Inc
- Assets
- $287.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Palm Coast, FL
- Founding
- 02/1993
- Data as of
- 06/2022
- EIN
- 59-3104305
Organization Overview
African American Cultural Society Inc is located in Palm Coast, FL. The organization was established in 1993. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, African American Cultural Society Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Cultural Society 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, African American Cultural Society Inc generated $101.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $171.3k during the year ending 06/2022. While expenses have increased by 13.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE CULTURAL PROGRAMS AND ACTIVITIES THAT ENHANCE THE UNDERSTANDING OF THE AFRICAN AMERICAN CULTURE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmund G Pinto Jr Director | 5 | $0 | |
Richard Barnes Director | 5 | $0 | |
Joseph Matthews President | 10 | $0 | |
William Hopson Officer | 5 | $0 | |
Merritt Robertson Officer | 5 | $0 | |
Geraldine Wright Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,310 |
| Total Program Service Revenue | $24,454 |
| Membership dues | $29,751 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,321 |
| Other Revenue | $0 |
| Total Revenue | $101,836 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,145 |
| Professional fees and other payments to independent contractors | $1,988 |
| Occupancy, rent, utilities, and maintenance | $148,507 |
| Printing, publications, postage, and shipping | $6,709 |
| Other expenses | $0 |
| Total expenses | $171,349 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,194 |
| Other assets | $0 |
| Total assets | $287,603 |
| Total liabilities | $0 |
| Net assets or fund balances | $287,603 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that African American Cultural Society Inc has recieved totaling $2,903.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,777 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Georgia Nihongo Gakko Inc Mableton, GA | $743,833 | $554,885 |
Kirby Family Farm Williston, FL | $5,815,422 | $492,608 |
Alliance Francaise Of Atlanta Inc Atlanta, GA | $569,418 | $608,131 |
Friends Of Goethe Inc Atlanta, GA | $351,250 | $557,862 |
Centro Cultural Espanol De Cooperacion Iberoamericana Inc Miami, FL | $443,362 | $551,333 |
Philippine Cultural Foundation Inc Tampa, FL | $1,277,183 | $484,563 |