Cultural Impact Foundation Inc
- Assets
- $239.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-2034763
Organization Overview
Cultural Impact Foundation Inc is located in Clearwater, FL. The organization was established in 2017. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural Impact Foundation 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, Cultural Impact Foundation Inc generated $97.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (35.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HUMANS ARE ENDOWED WITH INNATE CREATIVE ABILITIES; WE HAVE FORMED CIVILIZATIONS AND SOCIETIES, FRAMED LAWS, BUILT ARCHITECTURAL MARVELS AND CREATED CULTURAL MASTERPIECES. IT IS OUR CREATIVE ABILITIES THAT HAVE ALLOWED US TO PRODUCE MAGNIFICENT CULTURAL AND SCIENTIFIC ACHIEVEMENTS FOR THOUSANDS OF YEARS. SINCE THE DAWN OF TIME, HOWEVER, HUMANITY HAS FACED MASSIVE THREATS AND CALAMITIES, BOTH NATURAL AND MAN-MADE, THAT HAVE LED TO THE ERADICATION OF CULTURAL TRADITIONS AND RELICS, SCIENTIFIC ACCOMPLISHMENTS, AND EVEN ENTIRE POPULATIONS. THE MOST DEVASTATING OF ALL MAN-MADE CALAMITIES IS GENOCIDE. THE ARMENIAN GENOCIDE (1915-1923) WAS THE TWENTY-FIRST CENTURY'S FIRST AND MOST DOCUMENTED GENOCIDE. IN FACT, THE WORD "GENOCIDE" WAS COINED SPECIFICALLY TO DESCRIBE THE PLANNED EXTERMINATION OF THE ARMENIANS AT THE HANDS OF THE OTTOMAN TURKS. YET, THIS GENOCIDE HAS LARGELY ESCAPED RECOGNITION, PRIMARILY FOR POLITICAL REASONS. IN FACT, MANY SCHOLARS BELIEVE THAT THE ARMENIAN GENOCIDE SERVED AS A
Describe the Organization's Program Activity:
Part 3
WE ARE COMMISSIONING ARMENOID PRODUCTIONS TO PRODUCE A DOCUMENTARY ABOUT THE BLOODLESS REVOLUTION THAT TOOK PLACE IN ARMENIA IN THE SPRING OF 2018. THIS BLOODLESS REVOLUTION LED TO THE OVERTHROW OF THE GOVERNMENT AND ELECTION OF A NEW PRIME MINISTER. THIS REVOLUTION WAS LED PRIMARILY BY THE YOUTH IN ARMENIA AND WILL NOW SERVE AS A MODEL FOR FUTURE BLOODLESS REVOLUTIONS.
WE ARE COMMISSIONING ARMENOID PRODUCTIONS TO PRODUCE A DOCUMENTARY ABOUT THE BLOODLESS REVOLUTION THAT TOOK PLACE IN ARMENIA IN THE SPRING OF 2018. THIS BLOODLESS REVOLUTION LED TO THE OVERTHROW OF THE GOVERNMENT AND ELECTION OF A NEW PRIME MINISTER. THIS REVOLUTION WAS LED PRIMARILY BY THE YOUTH IN ARMENIA AND WILL NOW SERVE AS A MODEL FOR FUTURE BLOODLESS REVOLUTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christof G Sassouni President/tr | 2 | $0 | |
Hrair Koutnouyan Vice Pres/se | 1 | $0 | |
Nicole Babikian Hajjar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,196 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $927 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,098 |
| Other Revenue | $0 |
| Total Revenue | $97,025 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,274 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,200 |
| Total expenses | $33,474 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $234,873 |
| Other assets | $0 |
| Total assets | $239,473 |
| Total liabilities | $0 |
| Net assets or fund balances | $239,473 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cultural Impact Foundation Inc has recieved totaling $30,016.
| Awarding Organization | Amount |
|---|---|
Gullabi Gulbenkian Foundation Inc Pound Ridge, NY PURPOSE: CULTURAL | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irma And Norman Braman Art Foundation Miami, FL | $27,200,000 | -$200,000 |
Korean Martial Arts Culture & Education Foundation Inc Hollywood, FL | $530,186 | $4,469,417 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Miami Broward One Carnival Host Committee Inc Miami, FL | $499,382 | $2,415,530 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Dunedin Fine Arts Cultural Center Inc Dunedin, FL | $9,442,187 | $2,311,828 |
Ocean Reef Cultural Center Inc Key Largo, FL | $38,541,149 | $2,233,554 |
Pensacola Retirement Village Inc Orlando, FL | $4,149,191 | $1,797,373 |
Iris & B Gerald Cantor Foundation Palm Beach, FL | $24,280,811 | $1,163,888 |
Spruill Center For The Arts Inc Atlanta, GA | $6,437,897 | $2,168,968 |
Gadsden Cultural Arts Foundation Inc Gadsden, AL | $3,782,043 | $1,493,599 |