Cmcarts Inc
- Assets
- $384.9k
- Revenue
- $464.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Frederiksted, VI
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 66-0529152
Organization Overview
Cmcarts Inc is located in Frederiksted, VI. The organization was established in 2004. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cmcarts Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cmcarts 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, Cmcarts Inc generated $464.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $385.7k during the year ending 12/2021. While expenses have increased by 21.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, PROMOTE, AND EXHIBIT THE ARTS OF THE CARIBBEAN COMMUNITY.
Describe the Organization's Program Activity:
TO PRESERVE, PROMOTE, AND EXHIBIT THE ARTS OF THE CARIBBEAN COMMUNITY. TO PROVIDE AN INTERACTIVE ENVIRONMENT THAT COURAGES CHILDREN, YOUTH, AND ADULTS TO LEARN POSITIVE FORMS OF EXPRESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kareem Edwards Vice Preside | OfficerTrustee | 20 | $0 |
Orville James President | OfficerTrustee | 20 | $0 |
Bob Palmatier Secretary | OfficerTrustee | 20 | $0 |
Lisa Mordhorst Executive Di | OfficerTrustee | 20 | $0 |
Susan Atkins Board Member | Trustee | 5 | $0 |
Sonia Deane Board Member | Trustee | 5 | $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 | $293,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,382 |
| Total Program Service Revenue | $144,464 |
| Investment income | $1,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,814 |
| 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 | -$5,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,749 |
| 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 | $73,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,320 |
| Payroll taxes | $6,959 |
| Fees for services: Management | $0 |
| 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 | $10,829 |
| Advertising and promotion | $5,351 |
| Office expenses | $5,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,157 |
| 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 | $5,271 |
| Insurance | $2,551 |
| All other expenses | $0 |
| Total functional expenses | $385,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,143 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,106 |
| Net Land, buildings, and equipment | $39,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,918 |
| Accounts payable and accrued expenses | $34,110 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $134,110 |
| Net assets without donor restrictions | $250,808 |
| 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 | $384,918 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cmcarts Inc has recieved totaling $64,385.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI PURPOSE: GENERAL SUPPORT/HUMANITIES | $64,341 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of The Virgin Islands Charlotte Amalie, VI | $186,155,047 | $106,386,853 |
Frederiksted Health Care Inc St Croix, VI | $21,462,956 | $20,093,262 |
St Thomas East End Medical Center Corporation St Thomas, VI | $1,996,505 | $9,089,421 |