Culturetrust Greater Philadelphia
- Assets
- $4.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 66
- Location
- Philadelphia, PA
- Founding
- 11/2014
- Data as of
- 06/2023
- EIN
- 46-3109411
Organization Overview
Culturetrust Greater Philadelphia is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Culturetrust Greater Philadelphia employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culturetrust Greater Philadelphia 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, Culturetrust Greater Philadelphia generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $5.5m during the year ending 06/2023. While expenses have increased by 19.3% per year over the past 8 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.
Since 2020, Culturetrust Greater Philadelphia has awarded 67 individual grants totaling $3,722,490. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES A CHARITABLE HOME & SHARED MANAGEMENT RESOURCES TO ARTS & HERITAGE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURETRUST GREATER PHILADELPHIA (THE "TRUST") IS AN INDEPENDENT CHARITABLE TRUST THAT WAS FORMED AND BEGAN OPERATIONS ON OCTOBER 1, 2013. THE TRUST IS MANAGED BY CULTUREWORKS GREATER PHILADELPHIA, WHICH PROVIDES AFFORDABLE MANAGEMENT SERVICES AND BACK-OFFICE RESOURCES TO CHARITABLE PROJECTS WITHOUT THEIR OWN NON-PROFIT STATUS, OR EXISTING ORGANIZATIONS LOOKING TO INCREASE THEIR MANAGEMENT CAPACITY WHILE REDUCING BACK-OFFICE EXPENSES. THE TRUST SERVES AS THE LEGAL AND ADMINISTRATIVE HOME FOR FISCALLY SPONSORED PROJECTS AND ORGANIZATIONS WORKING IN THE ARTS, CULTURE, HERITAGE, AND SOCIAL IMPACT SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Walls Co-Chair | OfficerTrustee | 2 | $0 |
Marangeli Mejia-Rabell Co-Chair | OfficerTrustee | 2 | $45,000 |
Ken Metzner Secretary | OfficerTrustee | 2 | $0 |
Mark Comerota Treasurer | OfficerTrustee | 2 | $0 |
Tailinh Agoyo Director | Trustee | 2 | $61,400 |
Dawn Frisby-Byers Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cultureworks Greater Philadelphia Management Services | 6/29/22 | $634,757 |
Tsavage Construction Llc Excavation & Construction Of Npp Pavilio | 6/29/22 | $265,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,726,859 |
| Noncash contributions included in lines 1a–1f | $16,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,066,365 |
| Total Program Service Revenue | $555,386 |
| 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 | $6,621,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $882,127 |
| 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. | $130,560 |
| Compensation of current officers, directors, key employees. | $24,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,647,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $128,242 |
| Fees for services: Management | $785,678 |
| 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 | $415,026 |
| Advertising and promotion | $0 |
| Office expenses | $454,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $228,103 |
| 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 | $5,353 |
| Insurance | $23,617 |
| All other expenses | $0 |
| Total functional expenses | $5,510,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,074,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,704,172 |
| 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 | $46,035 |
| Net Land, buildings, and equipment | $20,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,846,059 |
| Accounts payable and accrued expenses | $377,181 |
| 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 | $377,181 |
| Net assets without donor restrictions | $295,072 |
| Net assets with donor restrictions | $4,173,806 |
| 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 | $4,846,059 |
Grants Awarded
Over the last fiscal year, Culturetrust Greater Philadelphia has awarded $880,938 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BEARDED LADIES CABARET PURPOSE: GRANTS FOR ARTS PROJECTS. | $139,500 |
MONUMENT LAB INC PURPOSE: GRANTS FOR ARTS PROJECTS. | $315,192 |
PHILADELPHIA FUTURES PURPOSE: GRANTS FOR ARTS PROJECTS. | $89,879 |
SHAMEKA SAWYER PURPOSE: GRANTS FOR ARTS PROJECTS. | $66,100 |
COMMUNITY DESIGN COLLABORATIVE OF PHILADELPHIA PURPOSE: GRANTS FOR ARTS PROJECTS. | $50,000 |
ASIAN AMERICAN UNITED PURPOSE: GRANTS FOR ARTS PROJECTS. | $16,300 |