Monacan Nation Cultural Foundation Inc
- Assets
- $793.8k
- Revenue
- $608.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison Heights, VA
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 54-1656446
Organization Overview
Monacan Nation Cultural Foundation Inc is located in Madison Heights, VA. The organization was established in 1993. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Monacan Nation Cultural Foundation Inc 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, Monacan Nation Cultural Foundation Inc generated $608.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $356.4k during the year ending 12/2021. While expenses have increased by 27.6% 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
TO SHARE NATIVE AMERICAN CULTURE, HISTORY AND EDUCATION WITH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD BANK: TO ESTABLISH A FOOD BANK TO DISTRIBUTE FOOD TO MONACAN INDIAN INDIGENTS, ELDERLY OR DISASTER/CRISIS VICTIMS.
MUSUEM: TO SHARE NATIVE AMERICAN CULTURE, HISTORY AND EDUCATION WITH THE COMMUNITY THROUGH ITS CULTURAL CENTER.
MONACAN NEWS: MONTHLY PUBLICATION OF NEWSLETTER CONTAINING EDITORIALS AND ARTICLES ABOUT NATIVE AMERICAN CULTURE AND MONACAN TRADITIONS; NEWSLETTERS CONTAIN NO PAID ADVERTISING. THE NEWSLETTER CIRCULATES TO APPROXIMATELY 200 PERSONS PER MONTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Latimer Director | Trustee | 5 | $37,600 |
Lindsey Gunter Treasurer | OfficerTrustee | 10 | $0 |
Diane Johns Shields Chairman | OfficerTrustee | 10 | $0 |
Matt Latimer Secretary | Trustee | 10 | $0 |
Kenneth W Branham Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,319 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $593,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,486 |
| Total Program Service Revenue | $615 |
| 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 | -$564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,067 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,604 |
| 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. | $37,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,857 |
| Advertising and promotion | $926 |
| Office expenses | $549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,368 |
| Travel | $1,195 |
| 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 | $47,290 |
| Insurance | $4,504 |
| All other expenses | $10,999 |
| Total functional expenses | $356,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,208 |
| 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 | $17,177 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $470,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $793,817 |
| Accounts payable and accrued expenses | $52 |
| 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 | $52 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $83,549 |
| Paid-in or capital surplus, or land, building, or equipment fund | $394,215 |
| Retained earnings, endowment, accumulated income, or other funds | $316,001 |
| Total liabilities and net assets/fund balances | $793,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monacan Nation Cultural Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mountain Laurel Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Confederation Of Indian Industry Arlington, VA | $74,359,377 | $45,402,839 |
Roof Above Inc Charlotte, NC | $96,652,711 | $36,113,591 |
Ukraine House Dc Foundation Inc Washington, DC | $1,061,730 | $19,720,781 |
Chinese Culture And Community Service Center Inc Gaithersburg, MD | $7,709,480 | $10,886,588 |
Association Of Science-Technology Centers Incorporated Washington, DC | $7,016,883 | $7,242,482 |
National Indian Gaming Association Washington, DC | $8,458,922 | $8,172,394 |
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
Qatar-America Institute Washington, DC | $5,645,634 | $216,792 |
National Italian American Foundation Inc Washington, DC | $11,046,552 | $2,585,652 |
Arab Center Washington Inc Washington, DC | $1,324,287 | $2,306,023 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |