Cultivate South Park
- Assets
- $41.6k
- Revenue
- $670.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4251891
Organization Overview
Cultivate South Park is located in Seattle, WA. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Cultivate South Park 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 12/2023, Cultivate South Park generated $670.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $608.9k during the year ending 12/2023. While expenses have increased by 49.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING NEIGHBORS AND THEIR GIFTS TO CO-CREATE A THRIVING AND EQUITABLE SOUTH PARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATE SOUTH PARK OPERATES FOOD SECURITY, ARTS & CULTURE, EQUITABLE AND ECONOMIC DEVELOPMENT THROUGH PROGRAMMING AND EVENTS AND EVENTS IN THE SOUTH PARK COMMUNITY. INSTEAD OF A TYPICAL FOOD BANK, WE HOST A LATIN-STYLE MARKET AND FOOD BANK ATTRACTIVELY ARRANGED LIKE A RETAIL STORE WHERE WE SERVE OVER 200 FAMILIES EACH MONTH. WORKING WITH THE CITY OF SEATTLE AND THE CULTURAL SPACE AGENCY, WE PURCHASED A 32,000 SQ. FT. MULTI-USE COMMERCIAL BUILDING. "EL BARRIO" FEATURES A HISTORIC EVENT SPACE, A TEACHING SPACE, APARTMENTS, RESTAURANTS, AND SMALL RETAIL ESTABLISHMENTS. EL BARRIO HOSTS COMMUNITY PROGRAMS CENTERING YOUTH, THE ENVIRONMENT, ARTS, JOB SKILLS AND HEALTH/WELLNESS. OUR PROGRAMS GROW YOUTH LEADERSHIP AND DEVELOP JOB SKILLS IN A POOR NEIGHBORHOOD WHERE FEW YOUTH JOBS ARE AVAILABLE. IN 2024, CULTIVATE SUPPORTED OVER 70 SMALL BUSINESSES AND OVER 5,000 INDIVIDUALS THROUGH PROGRAMMING AND EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Coburn President | OfficerTrustee | 2 | $0 |
Khyree Smith Treasurer | OfficerTrustee | 0.25 | $0 |
Renato Foz Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $523,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,985 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| 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 | $670,804 |
| 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 | $286,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,216 |
| Payroll taxes | $26,187 |
| 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 | $138,792 |
| Advertising and promotion | $0 |
| Office expenses | $134,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,388 |
| Travel | $157 |
| 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 | $0 |
| Insurance | $8,824 |
| All other expenses | $0 |
| Total functional expenses | $608,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,585 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,585 |
| Accounts payable and accrued expenses | $7,339 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,339 |
| Net assets without donor restrictions | -$57,400 |
| Net assets with donor restrictions | $91,646 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $41,585 |