Charlotte Street Foundation
- Assets
- $10.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Kansas City, MO
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 27-0040902
Organization Overview
Charlotte Street Foundation is located in Kansas City, MO. The organization was established in 2004. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Charlotte Street Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Street Foundation 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, Charlotte Street Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 11.2% 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
CHARLOTTE STREET ENVISIONS KANSAS CITY AS A DYNAMIC HOME FOR ARTISTS OF VARIOUS CAREER STAGES AND DISCIPLINES TO THRIVE, WHILE SERVING AS NATURAL CATALYSTS FOR AN EXCITING, INNOVATIVE, AND CULTURALLY RICH CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO RESIDENCY PROGRAM - TO SUPPORT ARTISTS WITH ONE YEAR STUDIO RESIDENCIES (RENEWABLE FOR UP TO TWO YEARS) AND PROFESSIONAL DEVELOPMENT PROGRAMMING
ROCKET GRANTS PROGRAM: TO PROVIDE GRANTS SUPPORTING INNOVATIVE, EXPERIMENTAL,ARTIST-DRIVEN PROJECTS THAT ARE DEVELOPED OUTSIDE TRADITIONAL ARTS VENUES AND OCCUR WITHIN AN 80-MILE RADIUS OF KANSAS CITY.
PUBLIC PROGRAMS: TO FOSTER THE CREATION AND PRESENTATION OF INNOVATIVE, RISK-TAKING CONTEMPORARY ARTS PROGRAMMING THAT NURTURES THE WORK OF OUTSTANDING GENERATIVE ARTISTS OF ALL DISCIPLINES AND ADDS VALUE TO THE CULTURAL ECOSYSTEM OF THE KANSAS CITY REGION.
AWARDS: MULTIPLE UNRESTRICTED CASH GRANTS IN RECOGNITION OF ARTISTIC ACHIEVEMENT AND CONTINUED ARTISTIC DEVELOPMENT IN THE AREAS OF VISUAL ARTS AND GENERATIVE PERFORMANCE ARTS. CURATOR IN RESIDENCE: ENGAGE EMERGING CURATORS FROM AROUND THE COUNTRY WITH THE KANSAS CITY REGION AND ITS ARTISTS. ARTBOARDS: COMMISSIONED PUBLIC ART INSTALLATION OF DOUBLE-SIDED BILLBOARDS IN THE CROSSROADS NEIGHBORHOOD OF KANSAS CITY. SPONSORED BY MOBANK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Beaham-Smith Vice Preside | OfficerTrustee | 2 | $0 |
Jose Faus Vice Preside | OfficerTrustee | 1 | $0 |
Melanie Miller Treasurer | OfficerTrustee | 2 | $0 |
Toma Wolff Secretary | OfficerTrustee | 1 | $0 |
Jean-Paul Wong President | OfficerTrustee | 2 | $0 |
Darren Abbott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,856 |
| Related organizations | $0 |
| Government grants | $114,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,374,610 |
| Noncash contributions included in lines 1a–1f | $11,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,605,660 |
| Total Program Service Revenue | $0 |
| Investment income | $31,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,897 |
| Net Income from Fundraising Events | -$25,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,645,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $321,266 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $13,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,120 |
| Payroll taxes | $29,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,592 |
| Office expenses | $22,434 |
| Information technology | $24,984 |
| Royalties | $0 |
| Occupancy | $55,311 |
| Travel | $241 |
| 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 | $290,210 |
| Insurance | $15,092 |
| All other expenses | $13,437 |
| Total functional expenses | $1,428,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,938 |
| Savings and temporary cash investments | $520,276 |
| Pledges and grants receivable | $291,607 |
| 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 | $9,568 |
| Net Land, buildings, and equipment | $7,281,444 |
| Investments—publicly traded securities | $2,340,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,563,973 |
| Accounts payable and accrued expenses | $22,679 |
| 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 | $0 |
| Total liabilities | $22,679 |
| Net assets without donor restrictions | $9,845,913 |
| Net assets with donor restrictions | $695,381 |
| 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 | $10,563,973 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Charlotte Street Foundation has recieved totaling $115,150.
| Awarding Organization | Amount |
|---|---|
Muriel Mcbrien Kauffman Foundation Kansas City, MO PURPOSE: GENERAL OPERATING SUPPORT FOR 2021 | $30,000 |
G Kenneth And Ann Baum Philanthropic Fund Stillwell, KS PURPOSE: SUPPORT AND ADVOCATE FOR LOCAL ARTISTS | $26,000 |
Richard J Stern Foundation For The Arts Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION | $25,000 |
Muriel Mcbrien Kauffman Foundation Kansas City, MO PURPOSE: CULTURAL PRODUCER GRANT PROGRAM | $25,000 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS PURPOSE: General support | $7,150 |
Kelly Family Foundation Olathe, KS PURPOSE: CULTIVATING AN ENVIRONMENT WHERE CONTEMPORARY ART AND ARTISTS THRIVE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Knoxville Museum Of Art Knoxville, TN | $12,196,877 | $3,220,850 |
National Ornamental Metal Museum Inc Memphis, TN | $19,212,719 | $16,707,423 |