Diaspora Vibe Cultural Arts Incubator Inc
- Assets
- $458.0k
- Revenue
- $853.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 02-0546537
Organization Overview
Diaspora Vibe Cultural Arts Incubator Inc is located in Miami, FL. The organization was established in 2003. 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. Diaspora Vibe Cultural Arts Incubator 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, Diaspora Vibe Cultural Arts Incubator Inc generated $853.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $505.1k during the year ending 12/2021. While expenses have increased by 23.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DVCAI IS TO PROMOTE NURTURE AND CULTIVATE THE VISION AND DIVERSE TALENTS OF EMERGING ARTISTS FROM CARIBBEAN AND LATIN AMERICA THROUGH OUR ARTISTS IN RESIDENCE PROGRAM INTERNATIONAL CULTURAL EXCHANGE AND EDUCATION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DVCAI IS A VIRTUAL NOMADIC MUSEUM SPACE PROVIDING OPPORTUNITIES FOR EMERGING ARTIST TO SHOWCASE THEIR WORKS. WE INSPIRE ARTIST TO EXPERIMENT AND DESIGN WITHOUT PASSING JUDGEMENT ON THEIR CULTURAL HERITAGE. WE INITIATE DIALOGUE AND PROVIDE A CRITICAL PLATFORM -A POPUP SPACE FOR ARTIST TO MATURE.CURATED EXHIBITIONS: NATIONAL YOUNG ARTS FOUNDATION, JOAN MITCHELL FOUNDATION JMC STUDIO VISIT CURATOR, CARIBBEAN CROSSROADS SERIES, CALYPSO EXHIBITION, AS FAR AS THE EYE CAN SEE EDNA MANLEY COLLEGE OF THE VISUAL AND PERFORMING ARTS, LARTOCARPE GUADELOUPE. MODERATED DIALOGUES: BLACK PORTRAITURE SYMPOSIUM IN NEW YORK CITY. TEACHING ZOOM VIDEO CONFERENCES FOR ARTISTS - DESIGNED AS A SIX-MONTH PROGRAM BETWEEN ARTIST IN MIAMI AND THE CARIBBEAN. SPEAKER TILTING AXIS - SANTO DOMINGO, DVCAI SPEAKERS PANEL BETSY HOTEL ARCHIVES: ESTABLISHED AND WORKING ON DVCAI ARCHIVE AT UNIVERSITY OF MIAMI SPECIAL COLLECTIONS AND ARCHIVING OF 4 DVCAI ARTISTS AT FLORIDA INTERNATIONAL UNIV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vashtie Fuller Treasurer | OfficerTrustee | 5 | $0 |
Andrea Orane Chairman Of The Board | Officer | 15 | $0 |
Rosemarie Gordon Wallace President | Officer | 40 | $0 |
Jennifer Garcon Secretary | Officer | 8 | $0 |
Hadassah St Hubert Vice Chair | Officer | 8 | $0 |
Pia Larman Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $629,393 |
| Membership dues | $0 |
| Fundraising events | $140,791 |
| Related organizations | $0 |
| Government grants | $83,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,184 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $853,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $132,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,504 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $118,510 |
| Office expenses | $12,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,000 |
| Travel | $7,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,952 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,151 |
| All other expenses | $0 |
| Total functional expenses | $505,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,000 |
| 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 | $458,000 |
| Accounts payable and accrued expenses | $27,633 |
| Grants payable | $25,000 |
| 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 | $52,633 |
| Net assets without donor restrictions | $105,367 |
| Net assets with donor restrictions | $300,000 |
| 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 | $458,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Diaspora Vibe Cultural Arts Incubator Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of The Four Arts Palm Beach, FL | $121,173,909 | $24,597,391 |
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 |