Springfield Cultural Partnership Incorporated
- Assets
- $420.0k
- Revenue
- $335.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Springfield, MA
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 81-2515358
Organization Overview
Springfield Cultural Partnership Incorporated is located in Springfield, MA. The organization was established in 2016. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Springfield Cultural Partnership Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Cultural Partnership Incorporated 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 06/2022, Springfield Cultural Partnership Incorporated generated $335.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $242.5k during the year ending 06/2022. While expenses have increased by 18.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OVERSEE THE MANAGEMENT OF ANY SPRINGFIELD CULTURAL DISTRICTS AND TO PROMOTE THEIR GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND PROMOTION OF SPRINGFIELD CULTURAL DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Finn Executive Director | 40 | $74,582 | |
Andrew Cade Vice Chair | OfficerTrustee | 1 | $0 |
Eileen Mccaffery Chair | OfficerTrustee | 4 | $0 |
Rich Griffin Clerk | OfficerTrustee | 1 | $0 |
Scott Hanson Treasurer | OfficerTrustee | 1 | $0 |
Roberta Wilmore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,625 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,130 |
| Total Program Service Revenue | $101,058 |
| Investment income | $20 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,208 |
| 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. | $96,228 |
| Compensation of current officers, directors, key employees. | $38,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,939 |
| Pension plan accruals and contributions | $1,645 |
| Other employee benefits | $0 |
| Payroll taxes | $9,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,120 |
| Advertising and promotion | $19,589 |
| Office expenses | $10,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,629 |
| Travel | $1,699 |
| 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 | $0 |
| Insurance | $2,745 |
| All other expenses | $4,276 |
| Total functional expenses | $242,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,421 |
| Savings and temporary cash investments | $100,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,000 |
| 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 | $556 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $419,997 |
| Accounts payable and accrued expenses | $9,184 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 |
| Total liabilities | $109,190 |
| Net assets without donor restrictions | $310,807 |
| 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 | $419,997 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Springfield Cultural Partnership Incorporated has recieved totaling $543,524.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $200,025 |
Massmutual Foundation Inc Springfield, MA PURPOSE: EXEMPT PURPOSE | $200,000 |
Massmutual Foundation Inc Springfield, MA PURPOSE: EXEMPT PURPOSE | $100,000 |
Economic Development Council Of Western Massachusetts Inc Springfield, MA PURPOSE: TO PROVIDE ECONOMIC SUPPORT. | $18,499 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: ARTS &CULTURE | $15,000 |
Association Of Science-Technology Centers Incorporated Washington, DC PURPOSE: COMMUNITIES FOR IMMUNITY VACCINE CONFIDENCE PROGRAM GRANT AWARD | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Provport Inc Providence, RI | $45,314,013 | $11,716,204 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |