Cabbagetown Initiative Community Development Corp
- Assets
- $414.7k
- Revenue
- $181.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 58-2580550
Organization Overview
Cabbagetown Initiative Community Development Corp is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabbagetown Initiative Community Development Corp 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 12/2023, Cabbagetown Initiative Community Development Corp generated $181.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $123.4k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN THE CABBAGETOWN COMMUNITY BY EMPOWERING NEIGHBORS TO ACT COLLECTIVELY FOR COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OVERSEE THE CREATION OF A PARK IN THE HEART OF CABBAGETOWN. THE CABBAGETOWN COMMUNITY HAS CREATED AN INVITING, SHARED GREEN SPACE THAT PROMISES TO ENHANCE THE QUALITY OF LIFE IN THE CABBAGETOWN COMMUNITY. CABBAGETOWN NOW HAS AN AMAZING PARK BUILT ON A 3 AND A HALF ACRE PIECE OF LAND. CICDC, IN COOPERATION WITH THE CITY OF ATLANTA, MAINTAINS THE CABBAGETOWN COMMUNITY CENTER LOCATED AT 177 ESTORIA STREET, THE CABBAGETOWN PARK, AND THE CABBAGETOWN COMMUNITY GARDEN. IN 2008, THE CICDC HELPED THE NEIGHBORHOODS TORNADO VICTIMS BY RAISING AND REDISTRIBUTING RELIEF FUNDS TO NEIGHBORHOOD APPLICANTS. THE CICDC REGULARLY ORGANIZES NEIGHBORHOOD PUBLIC SAFETY, CLEAN-UP, AND BEAUTIFICATION PROJECTS, WHICH HELP COMBAT VANDALISM AND CRIME. THE CICDC MANAGES CHOMP AND STOMP, CABBAGETOWNS NEIGHBORHOOD BLUEGRASS AND CHILI FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Sutton President | OfficerTrustee | 2 | $0 |
Parth Kapoor Treasurer | OfficerTrustee | 2 | $0 |
Barton Hodges Vice President | Trustee | 2 | $0 |
Chris Arrington Secretary | OfficerTrustee | 2 | $0 |
Marinangeles Guitierrez Rivera Director | Trustee | 2 | $0 |
Richard Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,116 |
| Total Program Service Revenue | $4,612 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $6,955 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,220 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,124 |
| 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 | $5,258 |
| Insurance | $13,748 |
| All other expenses | $661 |
| Total functional expenses | $123,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,473 |
| Savings and temporary cash investments | $87,717 |
| 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 | $34,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $414,745 |
| Accounts payable and accrued expenses | $3,805 |
| 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 | $6,909 |
| Total liabilities | $10,714 |
| Net assets without donor restrictions | $377,112 |
| Net assets with donor restrictions | $26,919 |
| 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 | $414,745 |