The Cortez Center Inc
- Assets
- $329.5k
- Revenue
- $226.9k
- Investments
- $78.0k
- Employees
- 5
- Location
- Cortez, CO
- Founding
- 09/1988
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Cortez Center Inc generated $226.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $183.0k during the year ending 12/2021. While expenses have increased by 2.2% 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
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
CULTURAL PROGRAMS AND ARTIST GALLERY.
MARKET ON MARKET - FIRST FRIDAYS
NATIVE AMERICAN PROGRAMS - PROVIDE CULTURAL INTERACTION AND EDUCATION TO LOCAL AREA RESIDENTS AND TOURISTS VISITING THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Levy Executive Director | 35 | $40,200 | |
Diane Cherbak Vice President | OfficerTrustee | 2 | $0 |
Holly Ann Tatnall President | OfficerTrustee | 2 | $0 |
Paul Beckler Treasurer | OfficerTrustee | 2 | $0 |
Tom Hooton Director | Trustee | 1 | $0 |
Tazewell Vas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,922 |
| Total Program Service Revenue | $7,549 |
| 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 | $19,160 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,881 |
| 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. | $13,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $682 |
| Office expenses | $15,951 |
| Information technology | $4,478 |
| Royalties | $0 |
| Occupancy | $10,300 |
| Travel | $1,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,442 |
| Insurance | $5,363 |
| All other expenses | $724 |
| Total functional expenses | $183,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,825 |
| Savings and temporary cash investments | $93 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,246 |
| Prepaid expenses and deferred charges | $1,100 |
| Net Land, buildings, and equipment | $149,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $78,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,495 |
| Accounts payable and accrued expenses | $6,794 |
| 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 | $6,578 |
| Total liabilities | $13,372 |
| Net assets without donor restrictions | $316,123 |
| 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 | $329,495 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Cortez Center Inc has recieved totaling $95,585.
| Awarding Organization | Amount |
|---|---|
National Geographic Society Washington, DC PURPOSE: Education Grant | $68,150 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,107 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $10,311 |
El Pomar Foundation Colorado Springs, CO PURPOSE: MONTHLY ARTS MARKET IN 2021 | $5,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2021 NELP CONTRIBUTION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artspace Inc Salt Lake City, UT | $34,050,741 | $4,832,458 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Create Academy Inc Tempe, AZ | $184,127 | $1,377,364 |
Arizona Health Information Network Incorporated Tucson, AZ | $1,547,927 | $1,862,672 |
Nac Development Corporation Omaha, NE | $1,861,422 | $979,250 |
Wyofile Lander, WY | $990,906 | $1,070,369 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
Crested Butte Music Festival Inc Crested Butte, CO | $370,840 | $452,517 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Xico Inc Phoenix, AZ | $2,244,663 | $853,373 |
Salina Baseball Enterprises Inc Salina, KS | $429,508 | $0 |