Culturesource
- Assets
- $3.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Detroit, MI
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-1476029
Organization Overview
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 12/2021, Culturesource employed 9 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 12/2021, Culturesource generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 12.3% 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
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
CONVENING110 WORKSHOPS, 120 MEMBER MEETING, 140 LEADERSHIP ROUNDTABLESDIRECT-$15,886INDIRECT-$222,390CULTURESOURCE'S PRIMARY SERVICE IS CONVENING THE CULTURAL SECTOR. THROUGH REGULAR PROFESSIONALDEVELOPMENT AND LEADERSHIP CONVENINGS BOTH VIRTUAL AND IN-PERSON WE BRING PEOPLE,ORGANIZATIONS, AND IDEAS TOGETHER TO BUILD SKILLS AND COLLABORATION THAT WILL ENSURE OUR VISION OF AFLOURISHING CULTURAL SECTOR IN SOUTHEAST MICHIGAN AND BEYOND. PROGRAMS INCLUDE OUR BIANNUALMEMBER MEETINGS, MONTHLY WORKSHOPS, CEO AND SENIOR STAFF ROUNDTABLES, AND SPECIAL-TOPICSEMINARS.
RESEARCH150 RESEARCHDIRECT-$121,791INDIRECT-$40,435CULTURESOURCE REGULARLY ENGAGES IN PRACTICES OF RESEARCH AND LEARNING IN ORDER TO BUILD FIELDKNOWLEDGE AND ENHANCE OUR WORK OF CONVENING AND GRANTMAKING. WE BELIEVE IN THE VALUE ANDBENEFITS OF DATA-DRIVEN DECISION-MAKING AND WANT TO MAKE RICH INSIGHTS BROADLY ACCESSIBLE TOCULTURE WORKERS. WITHIN OUR PORTFOLIO OF RESEARCH ACTIVITIES, WE ARE A PARTNER IN THE ARTS,ENTREPRENEURSHIP, AND INNOVATION LAB AT INDIANA UNIVERSITY, AND WE HAVE COMMITTED AND LONGTERM PARTNERSHIPS WITH 8 BRIDGES WORKSHOP AND WOLFBROWN.
FUNDING210 FISCAL SPONSORSHIP, 220 INTERMEDIARY, 230 CONSULTING, 300 GRANTS, 400 SPECIAL PROJECTSDIRECT-$391,849INDIRECT-$141,522THROUGH FUNDING, REGRANTING AND FISCAL SPONSORSHIP INITIATIVES, CULTURESOURCE COLLABORATES WITHPARTNERS TO THOUGHTFULLY AND EXPEDIENTLY PROVIDE NEEDED FUNDING TO CREATIVE PEOPLE AND CULTURALORGANIZATIONS THAT SUPPORTS OUR VISION OF A FLOURISHING SOUTHEAST MICHIGAN AND BEYOND. WE AREOFTEN A REGRANTOR OF FUNDS, A HIGH-TOUCH GRANTMAKER, OR A FUND MANAGER OR ADVISOR. WE ALSO OFFERADVICE AND INSIGHTS TO ARTS PROJECTS SEEKING CHARTABLE SUPPORT OR BUSINESS DEVELOPMENTOPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omari Rush Executive Director | Officer | 40 | $140,252 |
Dr Tonya Matthews Immediate Past Chair | OfficerTrustee | 1 | $0 |
Michael Morin Chair | OfficerTrustee | 1 | $0 |
Annmarie Erickson Secretary | OfficerTrustee | 1 | $0 |
Brent Ott Treasurer | OfficerTrustee | 1 | $0 |
Dominic Dimarco Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52,594 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,649,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,796,186 |
| Total Program Service Revenue | $29,056 |
| Investment income | $261 |
| 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 | $2,825,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,226 |
| Grants and other assistance to domestic individuals. | $97,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,252 |
| Compensation of current officers, directors, key employees. | $40,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,003 |
| 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 | $33,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $283,857 |
| Advertising and promotion | $93 |
| Office expenses | $3,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,542 |
| 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 | $3,728 |
| Insurance | $2,864 |
| All other expenses | $20 |
| Total functional expenses | $1,439,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,575,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,256,386 |
| Accounts receivable, net | $1,332 |
| 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 | $14,491 |
| Net Land, buildings, and equipment | $16,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,331 |
| Total assets | $3,009,357 |
| Accounts payable and accrued expenses | $30,363 |
| Grants payable | $0 |
| Deferred revenue | $43,499 |
| 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 | $143,205 |
| Total liabilities | $217,067 |
| Net assets without donor restrictions | $783,303 |
| Net assets with donor restrictions | $2,008,987 |
| 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 | $3,009,357 |
Grants Awarded
Over the last fiscal year, Culturesource has awarded $61,014 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: TO PROVIDE SUPPORT TO CULTIVATE MEDIA FOR LIBERATION | $10,500 |
Detroit, MI PURPOSE: TO PROVIDE SUPPORT TO THE ARTS ORGANIZATION | $7,014 |
Detroit, MI PURPOSE: TP PROVIDE SUPPORT TO STUDENTS | $5,500 |
Detroit, MI PURPOSE: TO PROVIDE SUPPORT TO THE YOUTH | $5,500 |
Detroit, MI PURPOSE: TO PROVIDE SUPPORT TO THE PRESERVATION OF THE ART AND CRAFT OF LETTERPRESS PRINTING | $5,500 |
Detroit, MI PURPOSE: TO PROVIDE SUPPORT TO MULTICULTURAL COMMUNITIES | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Culturesource has recieved totaling $1,579,530.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE RACIAL EQUITY IN ARTS AND CULTURE FUND FOR DETROIT | $335,000 |
Kresge Foundation Troy, MI PURPOSE: TO PROVIDE FINANCIAL, SOCIAL AND KNOWLEDGE CAPITAL TO BLACK CULTURAL WORKERS AND ADVANCE THEIR WORK FOR THE BROAD BENEFIT OF DETROIT AND SOUTHEAST MICHIGAN COMMUNITIES. | $250,000 |
Kresge Foundation Troy, MI PURPOSE: TO PROVIDE FINANCIAL, SOCIAL AND KNOWLEDGE CAPITAL TO BLACK CULTURAL WORKERS AND ADVANCE THEIR WORK FOR THE BROAD BENEFIT OF DETROIT AND SOUTHEAST MICHIGAN COMMUNITIES. | $250,000 |
Kresge Foundation Troy, MI PURPOSE: TO PROVIDE SUPPORT TO CULTURESOURCE FOR IMPLEMENTATION OF KEY PROGRAMMATIC FUNCTIONS OF THE 2019 DETROIT ARTS SUPPORT INITIATIVE. | $127,000 |
Kresge Foundation Troy, MI PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT FOR CULTURESOURCE AS THE KEY INTERMEDIARY RESOURCING BOTH ARTISTS AND ARTS AND CULTURE ORGANIZATIONS IN METROPOLITAN DETROIT. | $107,500 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
National Interscholastic Athletic Administrators Association Indianapolis, IN | $6,389,694 | $2,742,036 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Culturesource Detroit, MI | $3,009,357 | $2,825,503 |
Walters Family Foundation Milford, MI | $17,995,622 | $1,842,537 |
The Christine Center Willard, WI | $3,088,185 | $1,329,458 |
Peninsula School Of Art Inc Fish Creek, WI | $7,076,513 | $1,332,274 |
North Lakeland Discovery Center Inc Manitowish, WI | $4,813,502 | $2,765,130 |
Eaa Warbirds Of America Inc Oshkosh, WI | $1,697,464 | $879,039 |
Institutes For Journalism & Natural Resources Madison, WI | $919,874 | $965,038 |
Dayton Public Access Television Inc Dayton, OH | $3,334,474 | $517,341 |