Culturesource is located in Detroit, MI. The organization was established in 2008. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Culturesource employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culturesource 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, Culturesource generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 16.3% per year over the past 9 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.
Since 2018, Culturesource has awarded 100 individual grants totaling $1,654,303. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTURESOURCE ADVANCES THE WORK OF ORGANIZATIONS THAT CULTIVATE CREATIVE AND CULTURAL EXPRESSION IN SOUTHEAST MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING. CULTURESOURCE'S PRIMARY SERVICE IS CONVENING THE CULTURAL SECTOR OF SOUTHEAST MICHIGAN. OUR REGULAR GATHERINGS FOR SHARED LEARNING, LEADERSHIP DEVELOPMENT AND NETWORKING, BRING PEOPLE, ORGANIZATIONS AND IDEAS TOGETHER TO BUILD SKILLS AND COLLABORATION TOWARD REALIZING OUR VISION AND SUPPORTING ADAPTIVE CHANGE IN OUR FIELD.
RESEARCH. CULTURESOURCE REGULARLY ENGAGES IN PRACTICES OF RESEARCH, KNOWLEDGE GENERATION, AND INSIGHT SHARING TO GROW THE ARTS AND CULTURE SECTOR'S CAPACITY FOR GREAT WORK. THESE PRACTICES ALSO ALLOW US TO MAKE DATA-DRIVEN DECISIONS REGARDING HOW TO BE OF THE BEST AND HIGHTEST USE TO THE LEADERS, ARTISTS, ORGANIZATIONS, PHILANTHROPISTS AND POLICYMAKERS WHO RELY ON US.
GRANTMAKING. THROUGH GRANTMAKING AND FISCAL SPONSORSHIP INITIATIVES, CULTURESOURCE COLLABORATES WITH FUNDING PARTNERS AND ARTISTIC PROJECTS TO THOUGHTFULLY AND EXPEDIENTLY PROVIDE RESOURCES TO THE CREATIVE PEOPLE AND CULTURAL ORGANIZATIONS THAT SUPPORT OUR VISION OF SEEING SOUTHEAST MICHIGAN FLOURISH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Omari Rush Executive Di | OfficerTrustee | 40 | $174,070 |
Diana Abouali Director | Trustee | 1 | $0 |
Elliott Broom Director | Trustee | 1 | $0 |
Afa Dworkin Secretary | OfficerTrustee | 1 | $0 |
Tiffany Ford Director | Trustee | 1 | $0 |
Phil Gilchrist Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $52,462 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $53,225 |
All other contributions, gifts, grants, and similar amounts not included above | $5,925,092 |
Noncash contributions included in lines 1a–1f | $600 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,030,779 |
Total Program Service Revenue | $74,556 |
Investment income | $7,396 |
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 | $6,112,731 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $563,000 |
Grants and other assistance to domestic individuals. | $165,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $174,070 |
Compensation of current officers, directors, key employees. | $45,258 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $738,739 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $338,818 |
Advertising and promotion | $0 |
Office expenses | $983 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $26,584 |
Travel | $0 |
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 | $6,069 |
Insurance | $2,319 |
All other expenses | $1,672 |
Total functional expenses | $2,483,737 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,713,717 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $4,741,364 |
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 | $14,911 |
Net Land, buildings, and equipment | $11,759 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $72,530 |
Total assets | $7,554,281 |
Accounts payable and accrued expenses | $24,746 |
Grants payable | $0 |
Deferred revenue | $34,740 |
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 | $72,530 |
Total liabilities | $132,016 |
Net assets without donor restrictions | $742,871 |
Net assets with donor restrictions | $6,679,394 |
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 | $7,554,281 |
Over the last fiscal year, Culturesource has awarded $547,889 in support to 32 organizations.
Grant Recipient | Amount |
---|---|
ARTS & SCRAPS PURPOSE: CULTURAL | $11,500 |
BOARD OF GOVENORS DBA WAYNE STATE PURPOSE: COMMUNITY | $12,500 |
ALLIED MEDIA PROJECTS PURPOSE: CULTURAL | $6,500 |
CARRIE MORRIS ARTS PRODUCTION PURPOSE: CULTURAL | $6,000 |
CHARLES H WRIGHT MUSEUM PURPOSE: CULTURAL | $26,000 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: CULTURAL | $32,000 |