The Collective The Cltv Inc
- Assets
- $897.1k
- Revenue
- $299.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Memphis, TN
- Founding
- 04/2017
- Data as of
- 06/2021
- EIN
- 32-0460234
Organization Overview
The Collective The Cltv Inc is located in Memphis, TN. The organization was established in 2017. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Collective The Cltv Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collective The Cltv Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BLACK ARTS ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EXHIBITS AND SPECIAL EVENTS TO DISPLAY WORKS OF LOCAL BLACK ARTISTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Jones Executive Director | Officer | 0 | $24,750 |
Tyree Daniels Board Member | Officer | 0 | $0 |
Rachel Knox Board Chair | Officer | 0 | $0 |
Darrell Cobbins Board Member | Officer | 0 | $0 |
Deja Foster Board Member | Officer | 0 | $0 |
Derek Fordjour Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,175 |
| Total Program Service Revenue | $48,500 |
| 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 | $299,407 |
| 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. | $24,750 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,603 |
| Fees for services: Management | $14,390 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,414 |
| Advertising and promotion | $27,238 |
| Office expenses | $47,348 |
| Information technology | $9,702 |
| Royalties | $0 |
| Occupancy | $34,905 |
| Travel | $5,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $736 |
| All other expenses | $0 |
| Total functional expenses | $319,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $8,447 |
| Net Land, buildings, and equipment | $57,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $795,132 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $897,060 |
| Accounts payable and accrued expenses | -$1,000 |
| Grants payable | $40,677 |
| 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 | $25,701 |
| Total liabilities | $65,378 |
| Net assets without donor restrictions | $852,112 |
| Net assets with donor restrictions | -$20,430 |
| 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 | $897,060 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Collective The Cltv Inc has recieved totaling $666,252.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $400,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $157,100 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $45,002 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT & RECOVERY | $32,000 |
The Center For Cultural Innovation Los Angeles, CA PURPOSE: AMBITIOUS PROGRAM | $25,000 |
Center For Transforming Communities Inc Memphis, TN PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |
Cumberland Plateau Company Inc Lebanon, VA | $9,644,678 | $675,012 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |