Cultivate Life
- Assets
- $2.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, NC
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-2765802
Organization Overview
Cultivate Life is located in Belmont, NC. The organization was established in 2018. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultivate Life 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 12/2022, Cultivate Life generated $82.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $88.0k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Weed Chief Executive Officier | 40 | $46,500 | |
Kellie Weed Chief Operations Officer | 10 | $0 | |
Leslie Johnson Chief Financial Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,336 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,336 |
| 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 | $46,500 |
| Occupancy, rent, utilities, and maintenance | $9,600 |
| Printing, publications, postage, and shipping | $4,500 |
| Other expenses | $27,431 |
| Total expenses | $88,031 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,623 |
| Other assets | $0 |
| Total assets | $2,623 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,623 |