Flint Cultural Center Foundation
- Assets
- $6.8m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 38-3576724
Organization Overview
Flint Cultural Center Foundation is located in Flint, MI. The organization was established in 2001. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flint Cultural Center 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 06/2021, Flint Cultural Center Foundation generated $10.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $21.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Flint Cultural Center Foundation has awarded 31 individual grants totaling $108,308,241. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER FUNDS AND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, AND TO CARRY OUT THE PURPOSES OF FLINT CULTURAL CENTER CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED FUNDS TO THE FLINT CULTURAL CENTER CORPORATION AND SIMILAR ORGANIZATIONS TO RENOVATE, EXPAND AND IMPLEMENT THE NEW FLINT CULTURAL CENTER ACADEMY TO CREATE BETTER OPPORTUNITIES FOR THE AREA OF GREATER FLINT.
A SPECIAL MILLAGE WAS PASSED IN THE AREA DURING THE 2019 FISCAL YEAR. THE FOUNDATION WAS SELECTED TO COLLECT PROPERTY TAX DOLLARS AND DISTRIBUTE THEM TO THE SUPPORTED ORGANIZATION AND OTHER LOCAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Mccree Secretary | OfficerTrustee | 0.5 | $0 |
John Macdonald Vice Chair | OfficerTrustee | 0.5 | $0 |
David Stickel Secretary | OfficerTrustee | 0.5 | $0 |
Kim Whitmore Chair | OfficerTrustee | 0.5 | $0 |
Chris Wise Treasurer | OfficerTrustee | 0.5 | $0 |
Corky Hickmott Director Of | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,727,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,521,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,248,460 |
| Total Program Service Revenue | $0 |
| Investment income | $120,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,292,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,930,374 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $24,769 |
| Total functional expenses | $20,955,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,923,611 |
| 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 | $906,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,829,890 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $637,363 |
| Net assets with donor restrictions | $6,192,527 |
| 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 | $6,829,890 |
Grants Awarded
Over the last fiscal year, Flint Cultural Center Foundation has awarded $20,930,374 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Flint, MI PURPOSE: SEE PART IV | $15,622,744 |
Flint, MI PURPOSE: SEE PART IV | $1,908,547 |
Flint, MI PURPOSE: SEE PART IV | $1,908,547 |
Flint, MI PURPOSE: SEE PART IV | $595,428 |
Flint, MI PURPOSE: SEE PART IV | $447,554 |
Flint, MI PURPOSE: SEE PART IV | $447,554 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Flint Cultural Center Foundation has recieved totaling $1,400,000.
| Awarding Organization | Amount |
|---|---|
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT FACILITY IMPROVEMENTS THAT WILL IMPROVE ACCESSIBILITY AND OPTIMIZE PROGRAM DELIVERY OF ARTS AND CULTURAL ACTIVITIES. | $700,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT FACILITY IMPROVEMENTS THAT WILL IMPROVE ACCESSIBILITY AND OPTIMIZE PROGRAM DELIVERY OF ARTS AND CULTURAL ACTIVITIES. | $700,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flint Cultural Center Foundation Flint, MI | $6,829,890 | $10,292,865 |
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
Air Zoo Legacy Foundation Portage, MI | $89,399,860 | $9,308,646 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |