Cultural Development Inc
- Assets
- $1.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coconut Grove, FL
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 65-0495725
Organization Overview
Cultural Development Inc is located in Coconut Grove, FL. The organization was established in 1996. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Cultural Development 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 12/2021, Cultural Development Inc generated $1.5k 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 (32.1%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.3%) per year over the past 7 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
TO PROMOTE THE ADVANCEMENT OF THE ARTS, INCLUDING ACTING A CLEARINGHOUSE OF INFORMATION PERTAINING TO CULTURAL EVENTS IN, AND EDUCATIONAL AMENITIES OF, THE CITY OF MIAMI AND THE SOUTH FLORIDA AREA. TO SERVICE PROFESSIONAL AND EMERGING ARTISTS AND THEIR AUDIENCES BY PRESENTING EXHIBITIONS AND CRAFT SHOWS, THEATER AND DANCE PERFORMANCES, PROVIDING EDUCATION PROGRAMS, EVENTS AND CONFERENCES FOR ARTISTS, STUDENTS OF THE ARTS AND THE GENERAL AUDIENCE, AND TO SPONSOR COMPETITIONS AND COMMISSION NEW ARTISTIC WORKS; TO STRENGTHEN THE PROGRAMING , EDUCATIONAL OPPORTUNITIES AND AUDIENCES OF THE ARTS IN MIAMI AND SOUTH FLORIDA. TO RECRUIT ARTISTS, STUDENTS AND AUDIENCES FROM AROUND THE WORLD AS PARTICIPANTS IN ITS EFFORTS; TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, LITERARY OR SCIENTIFIC PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Sanchez Bod Member | 1 | $0 | |
Antonia Gerstacker President | 1 | $0 | |
Aaron Morris Treasurer & | 1 | $0 | |
Anna Morris Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,678 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$2,133 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,545 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,720 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $144 |
| Total expenses | $3,064 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,510 |
| Other assets | $0 |
| Total assets | $1,510 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irma And Norman Braman Art Foundation Miami, FL | $27,200,000 | -$200,000 |
Korean Martial Arts Culture & Education Foundation Inc Hollywood, FL | $530,186 | $4,469,417 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Miami Broward One Carnival Host Committee Inc Miami, FL | $499,382 | $2,415,530 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Dunedin Fine Arts Cultural Center Inc Dunedin, FL | $9,442,187 | $2,311,828 |
Ocean Reef Cultural Center Inc Key Largo, FL | $38,541,149 | $2,233,554 |
Pensacola Retirement Village Inc Orlando, FL | $4,149,191 | $1,797,373 |
Iris & B Gerald Cantor Foundation Palm Beach, FL | $24,280,811 | $1,163,888 |
Spruill Center For The Arts Inc Atlanta, GA | $6,437,897 | $2,168,968 |
Gadsden Cultural Arts Foundation Inc Gadsden, AL | $3,782,043 | $1,493,599 |