Cultural Development Corporation Of The District Of Columbia
- Assets
- $2.3m
- Revenue
- $867.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 11/1998
- Data as of
- 09/2021
- EIN
- 52-2122445
Organization Overview
Cultural Development Corporation Of The District Of Columbia, operating under the name CulturalDC, is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, CulturalDC employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. CulturalDC 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 09/2021, CulturalDC generated $867.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $810.5k during the year ending 09/2021. 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
CULTURAL DEVELOPMENT CORPORATION (CUDC) CREATES OPPORTUNITIES FOR ARTISTS AND ARTS ORGANIZATIONS THAT STIMULATE ECONOMIC DEVELOPMENT AND IMPROVE THE QUALITY OF THE DC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOBILE ARTS PROGRAM - CULTURALDC CONVERTED A 40FT. SHIPPING CONTAINER INTO A MOBILE ART GALLERY THAT MOVES TO A NEW LOCATION EVERY 8-12 WEEKS, FEATURING A DIFFERENT ARTIST AND FOCUSING ON COMMUNITY ENGAGEMENT. CULTURALDC ALSO ACTIVATES VACANT RETAIL SPACES ACROSS THE CITY. CULTURALDC BREAKS DOWN PHYSICAL ACCESS BARRIERS BY DELIVERING HIGH-QUALITY ART DIRECTLY TO PEOPLE'S DOORSTEPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hiroshi Jacobs Vice Chairman | OfficerTrustee | 2 | $0 |
Jessica Nigro Chairman | OfficerTrustee | 2 | $0 |
Todd Galaida Vice Chairman | OfficerTrustee | 2 | $0 |
Samuel T Lederer Treasurer | OfficerTrustee | 2 | $0 |
Brin Frasier Secretary | OfficerTrustee | 2 | $0 |
Olwen Pongrace Immediate Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $392,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,309 |
| Total Program Service Revenue | $282,559 |
| 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 | $867,868 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,708 |
| Payroll taxes | $15,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,354 |
| Advertising and promotion | $640 |
| Office expenses | $48,094 |
| Information technology | $33,538 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $321 |
| Interest | $65,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,774 |
| Insurance | $21,749 |
| All other expenses | $29,377 |
| Total functional expenses | $810,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,750 |
| Accounts receivable, net | $62,150 |
| 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 | $9,068 |
| Net Land, buildings, and equipment | $1,826,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,264,602 |
| Accounts payable and accrued expenses | $112,650 |
| 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 | $1,242,530 |
| Unsecured mortgages and notes payable | $196,137 |
| Other liabilities | $19,652 |
| Total liabilities | $1,570,969 |
| Net assets without donor restrictions | $693,633 |
| Net assets with donor restrictions | $0 |
| 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 | $2,264,602 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cultural Development Corporation Of The District Of Columbia has recieved totaling $80,763.
| Awarding Organization | Amount |
|---|---|
Latino Economic Development Corporation Of Washington Dc Washington, DC PURPOSE: GENERAL SUPPORTING | $70,763 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO STRENGTHEN SMALL AND MIDSIZE ARTS ORGANIZATIONS | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |
World Arts Focus Mount Rainier, MD | $2,266,335 | $2,189,610 |
Suffolk Center For Cultural Arts Foundation Suffolk, VA | $18,737,592 | $3,812,474 |
Cultural Arts Center At Glen Allen Foundation Glen Allen, VA | $2,020,036 | $1,739,294 |
Academy Art Museum Inc Easton, MD | $12,678,552 | $1,323,852 |
Open Works Inc Baltimore, MD | $377,609 | $1,513,628 |
Cultural Landscape Foundation Washington, DC | $9,592,617 | $1,621,808 |
Clare Boothe Luce Center For Conservative Women Herndon, VA | $5,325,343 | $2,108,758 |