Cul2vate
- Assets
- $838.5k
- Revenue
- $888.9k
- Investments
- $0.0
- Employees
- 18
- Location
- Brentwood, TN
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-1086070
Organization Overview
Cul2vate is located in Brentwood, TN. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Cul2vate employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cul2vate 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, Cul2vate generated $888.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $511.6k during the year ending 12/2021. While expenses have increased by 27.7% 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
DEVELOP A GROWING FOOD TUNNEL TO HELP FEED THE POOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP A GROWING FOOD TUNNEL TO FEED THE POOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Lankford Executive Dire | Trustee | 40 | $126,251 |
Brian Pope Treasurer | Trustee | 10 | $0 |
Soctt Cole Board Member | Trustee | 2 | $0 |
Charlie Coffey Secretary | Trustee | 10 | $0 |
Alli Simpson Board Member | Trustee | 2 | $0 |
David Ward Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,895 |
| Related organizations | $0 |
| Government grants | $25,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,301 |
| Noncash contributions included in lines 1a–1f | $1,704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,228 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $888,893 |
| 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. | $293,467 |
| Compensation of current officers, directors, key employees. | $39,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $707 |
| Payroll taxes | $33,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,284 |
| Office expenses | $400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28 |
| 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 | $17,554 |
| Insurance | $12,904 |
| All other expenses | $138,970 |
| Total functional expenses | $511,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,123 |
| Savings and temporary cash investments | $90,151 |
| 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 | $134 |
| Net Land, buildings, and equipment | $64,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $838,490 |
| Accounts payable and accrued expenses | $1,418 |
| 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 | $1,418 |
| Net assets without donor restrictions | $833,009 |
| Net assets with donor restrictions | $4,063 |
| 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 | $837,072 |
| Total liabilities and net assets/fund balances | $838,490 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Cul2vate has recieved totaling $104,387.
| Awarding Organization | Amount |
|---|---|
Tractor Supply Company Foundation Brentwood, TN PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
The Judith E And Joseph C Cook Jr Foundation Inc Nashville, TN PURPOSE: SUPPORT FOR FARM STAND PROJECT | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $18,250 |
Corecivic Foundation Brentwood, TN | | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: FOOD, NUTRITION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Ozarks Area Community Action Corporation Springfield, MO | $15,052,637 | $33,091,507 |
Blue Grass Community Action Partnership Inc Frankfort, KY | $7,918,674 | $28,900,392 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |