Cumberland Center Inc
- Assets
- $903.1k
- Revenue
- $381.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 20-8691236
Organization Overview
Cumberland Center Inc is located in Nashville, TN. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Center 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, Cumberland Center Inc generated $381.6k 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 (13.3%) each year. All expenses for the organization totaled $129.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 7 years. 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
CUMBERLAND CENTER IS A NONPROFIT UNIVERSITY-BUSINESS ALLIANCE TO TRANSFORM INNOVATION INTO PROSPERITY THROUGH THE GROWTH OF REGIONAL INNOVATION HUBS. THE CENTER EXECUTES ITS MISSION THROUGH THE GLOBAL ACTION PLATFORM, A NEUTRAL PLATFORM TO CREATE ABUNDANCE THROUGH INNOVATION IN FOOD, HEALTH, AND PROSPERITY BY: - ADVANCING A SOCIAL LEADERSHIP MOVEMENT; - INVESTING IN INNOVATION AND NEW BUSINESSES; - DEPLOYING ON-LINE WORK GROUPS, PARTNERSHIPS, AND GLOBAL COMMUNICATIONS TO ACCELERATE ACTION; AND - FOCUSING ON THE INTERSECTION OF FOOD, HEALTH AND PROSPERITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIFIC PROGRAM INITIATIVES INCLUDE: CONVENE: THE ANNUAL GLOBAL ACTION SUMMIT, FORUMS AT THE WORLD BANK, NATIONAL PRESS CLUB AND MERIDIAN INTERNATIONAL CENTER; CHALLENGE: MULTI-MILLION DOLLAR IMPACT INVESTMENTS AND AWARDS; CONNECT: ONLINE SERVICES, A GLOBAL SUMMIT FELLOWS PROGRAM FOR YOUNG LEADERS; COMMUNICATE: PUBLICATIONS AND ANNUAL REPORTS, CONTENT SHARING WITH THE G8, G20, APEC, AND BRIC SUMMITS, AND A GLOBAL CORPORATE AWARD PROGRAM FOR SHARED VALUE.THE GLOBAL ACTION PLATFORM IS AN OPEN, NONPARTISAN COLLABORATIVE PLATFORM TO CONVENE LEADERS, MAKE INVESTMENTS, ALIGN COLLABORATIONS, AND SHARE IDEAS AND STRATEGIES THROUGH GLOBAL COMMUNICATIONS TO CREATE SUSTAINABLE ABUNDANCE IN FOOD, HEALTH, AND PROSPERITY. THE PLATFORM AIMS TO IDENTIFY AND INVEST IN SUSTAINABLE, SCALABLE INNOVATIONS THAT OFFER THE PROMISE OF TRANSFORMATIVE IMPACT IN THE INTERSECTION OF FOOD, HEALTH, AND PROSPERITY. WITH INPUT FROM AN INTERNATIONAL STEERING COMMITTEE AND NATIONAL EXPERT ADVISORS, THE GLOBAL ACTION PLATFORM WAS DESIGNED IN 2013 AROUND FOUR PROGRAM ACTIVITIES: CONVENE, CHALLENGE, CONNECT, AND COMMUNICATE. THESE INTEGRATED PROGRAMS FACILITATE ACTION THROUGH DYNAMIC LEADERSHIP EVENTS, INVESTMENTS, ONGOING WORKING GROUPS, AND GLOBAL COMMUNICATIONS. IN 2014, A FIVE-YEAR ROADMAP WAS INITIATED TO INFORM DECISION-MAKING AMONG CROSS-SECTOR LEADERS AND SCIENTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Scott T Massey Chairman & CEO | OfficerTrustee | 40 | $45,850 |
Jonathan Gershon Vice Chair | Trustee | 1 | $0 |
Cynthia H Barbera Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,580 |
| 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 | $381,580 |
| 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. | $55,518 |
| Compensation of current officers, directors, key employees. | $11,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,475 |
| Advertising and promotion | $12,817 |
| Office expenses | $5,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,430 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,374 |
| All other expenses | $0 |
| Total functional expenses | $129,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $830,500 |
| Accounts receivable, net | $50,689 |
| 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 | $1,051 |
| 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 | $903,072 |
| Accounts payable and accrued expenses | $56,000 |
| 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 | $1,250,530 |
| Total liabilities | $1,306,530 |
| Net assets without donor restrictions | -$403,458 |
| Net assets with donor restrictions | $0 |
| 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 | $903,072 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cumberland Center Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Sentara Healthcare Norfolk, VA PURPOSE: GLOBAL ACTION SUMMIT HEALTH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |