The Cortez Center Inc
- Assets
- $254.4k
- Revenue
- $143.1k
- Investments
- $78.0k
- Employees
- 5
- Location
- Cortez, CO
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 74-2503370
Organization Overview
The Cortez Center Inc is located in Cortez, CO. The organization was established in 1988. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cortez Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortez Center 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 12/2022, Cortez Center Inc generated $143.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $252.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE A FORUM FOR THE COMMUNITY'S EDUCATIONAL, CULTURAL, ARTISTIC, AND SCIENTIFIC INTERESTS. WE ARE A CATALYST FOR CULTURAL RESPECT, CONTINUITY AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATION WITH NATIONAL GEOGRAPHIC IN THE NEW MAPS OF THE CULTURAL SITES IN SOUTHWEST COLORADO.
MISCELLANEOUS ARTIST PROGRAMS.
CULTURAL PROGRAMS AND ARTIST RESIDENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Levy Executive Director | 35 | $40,200 | |
Paul Beckler Treasurer | OfficerTrustee | 2 | $0 |
Tazewell Vas Director | Trustee | 1 | $0 |
Diane Cherbak Vice President | OfficerTrustee | 2 | $0 |
Holly Ann Tatnall President | OfficerTrustee | 2 | $0 |
Tom Hooton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,577 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,852 |
| Total Program Service Revenue | $7,152 |
| 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 | -$4,953 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,126 |
| 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. | $40,200 |
| Compensation of current officers, directors, key employees. | $13,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,991 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,081 |
| Advertising and promotion | $1,676 |
| Office expenses | $4,839 |
| Information technology | $1,223 |
| Royalties | $0 |
| Occupancy | $11,286 |
| Travel | $24,009 |
| 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 | $6,064 |
| Insurance | $7,509 |
| All other expenses | $2,200 |
| Total functional expenses | $252,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,492 |
| Savings and temporary cash investments | $45 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,107 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $143,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $78,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,428 |
| Accounts payable and accrued expenses | $24,570 |
| 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 | $15,030 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,321 |
| Total liabilities | $47,921 |
| Net assets without donor restrictions | $206,507 |
| 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 | $254,428 |