One World Cultural Arts & Heritage Foundation Inc
- Assets
- $100.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pearland, TX
- Founding
- 02/2014
- Data as of
- 12/2019
- EIN
- 90-0875545
Organization Overview
One World Cultural Arts & Heritage Foundation Inc is located in Pearland, TX. The organization was established in 2014. 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. One World Cultural Arts & Heritage Foundation 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 12/2019, One World Cultural Arts & Heritage Foundation Inc generated $17.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (55.0%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (48.5%) per year over the past 3 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3
ONE WORLD PROVIDES ITS FACILITIES TO SERVE OTHER, TAX EXEMPT ENTITIES, TO BE USED FOR THEIR EXECUTIVE, AND HOMEOWNER ASSOCIATION MEETINGS, FUNDRAISING ACTIVITIES, COMMUNITY EDUCATIONAL & CULTURAL FUNCTIONS, TRAINING PROGRAMS, AND OTHER EVENTS. AND IS SIMILAR IN SIZE, AND COMPARISON, TO THE KNIGHTS OF COLUMBUS, CENTER FACILITIES AND ACTIVITIES WITHIN THE COMMUNITY.
ONE WORLD ALSO ALLOWS IT'S FACILITIES TO BE USED BY LOCAL COMMUNITY RESIDENTS, AND BUSINESS ENTITIES, FOR FAMILY ACTIVITIES, RELIGIOUS CEREMONIES, SEASONAL EVENTS, EDUCATIONAL FUNCTIONS, AND TO CITY OF PEARLAND MUNICIPAL SERVICES. AND, IS SIMILAR IN SIZE, AND COMPARISON, TO THE KNIGHTS OF COLUMBUS CENTER FACILITIES AND ACTIVITIES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Stockwell Tarrer,ceo/chairman | OfficerTrustee | 20 | $0 |
Pamela Mcdowell Officer/bod/mgt | OfficerTrustee | 20 | $0 |
Annette Kaltwasser Bod/secretary | Trustee | 2 | $0 |
Richard Tarrer Bod/treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,500 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,355 |
| Total expenses | $42,355 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $100,000 |
| Total liabilities | $206,342 |
| Net assets or fund balances | -$106,342 |
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The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |
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Houston Center For Contemporary Craft Houston, TX | $834,489 | $1,434,425 |
Center Of Southwest Culture Inc Albuquerque, NM | $1,552,874 | $1,362,802 |