Haiti Cultural Exchange
- Assets
- $487.8k
- Revenue
- $567.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Brooklyn, NY
- Founding
- 06/2011
- Data as of
- 06/2023
- EIN
- 34-2034041
Organization Overview
Haiti Cultural Exchange is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Haiti Cultural Exchange employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haiti Cultural Exchange 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 06/2023, Haiti Cultural Exchange generated $567.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $555.9k during the year ending 06/2023. While expenses have increased by 22.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS BOTH EMERGING AND ESTABLISHED ARTISTS, PROMOTES CROSS CULTURAL EXCHANGES, AND PRESERVES THE CULTURAL HERITAGE OF THE HAITIAN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE CULTURE OF THE HAITIAN PEOPLE THROUGH PERFORMANCE AND CULTURAL EXCHANGES.
HAITI CULTURAL EXCHANGE SERVED AS FISCAL SPONSOR OF A PROJECT BY AN INDIVIDUAL ARTIST WHO RECEIVED A GRANT FROM A MAJOR U.S. FOUNDATION. THE PROJECT IS ALIGNED WITH HAITI CULTURAL EXCHANGES MISSION. FISCAL SPONSORSHIP IS AN OCCASIONAL, NOT PERMANENT, PROGRAM OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regine Roumain Executive Director | Officer | 35 | $86,800 |
Magdaly St Juste Board Member | Trustee | 0.5 | $0 |
Ketsia St Armand Board Member | Trustee | 0.5 | $0 |
Darnelle Champagne Board Member | Trustee | 0.5 | $0 |
Sheila Guillaume Board Member | Trustee | 0.5 | $0 |
Marie-Flore Joseph Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $183,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,126 |
| Total Program Service Revenue | $11,723 |
| 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 | $567,849 |
| 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. | $85,892 |
| Compensation of current officers, directors, key employees. | $8,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $662 |
| Payroll taxes | $14,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,720 |
| Advertising and promotion | $0 |
| Office expenses | $2,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,507 |
| Travel | $18,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $346 |
| Insurance | $2,729 |
| All other expenses | $2,807 |
| Total functional expenses | $555,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $487,750 |
| Accounts payable and accrued expenses | $20,845 |
| 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 | $20,845 |
| Net assets without donor restrictions | $386,905 |
| Net assets with donor restrictions | $80,000 |
| 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 | $487,750 |