Sherlake Cultural Center
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 01/2019
- Data as of
- 12/2021
- EIN
- 82-5308264
Organization Overview
Sherlake Cultural Center is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Sherlake Cultural Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherlake Cultural Center 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, Sherlake Cultural Center generated $1.3m in total revenue. All expenses for the organization totaled $291.5k during the year ending 12/2021. While expenses have increased by 35.5% per year over the past 4 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
TO STRENGTHEN WOMEN TO PLAY AN INTEGRAL ROLE IN SHAPING THEIR FAMILIES, WORKPLACES AND CIVILIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS, MENTORING, THEOLOGY INSTRUCTION, LEADERSHIP PROGRAMS, GIRLS' CAMPS, WORKSHOPS, MARRIAGE SEMINARS, AND RELIGIOUS RETREATS TO INSPIRE WOMEN TO DEVELOP THEIR UNIQUE TALENTS TO THE FULLEST AND FOSTER THEIR SPIRITUAL LIFE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Cleveland Director | Trustee | 0.25 | $8,320 |
Gayle Clark Secretary | OfficerTrustee | 2 | $0 |
Somarly Lira President | OfficerTrustee | 2 | $0 |
Milar Pilar Racca Treasurer | OfficerTrustee | 1 | $0 |
Mary Beth Hagan Director/executive Director | OfficerTrustee | 0.25 | $0 |
Cinthya Castro-Velazquez Director | Trustee | 0.25 | $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 | $1,131,611 |
| Noncash contributions included in lines 1a–1f | $1,038,160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,131,611 |
| Total Program Service Revenue | $193,999 |
| 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 | $11 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,325,621 |
| 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. | $24,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,355 |
| Payroll taxes | $4,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,782 |
| 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 | $17,576 |
| Advertising and promotion | $0 |
| Office expenses | $8,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,294 |
| Travel | $19,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,320 |
| Interest | $11,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,941 |
| Insurance | $17,496 |
| All other expenses | $0 |
| Total functional expenses | $291,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,790 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,255,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,317,303 |
| Accounts payable and accrued expenses | $0 |
| 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 | $223,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $223,578 |
| Net assets without donor restrictions | $1,088,725 |
| Net assets with donor restrictions | $5,000 |
| 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 | $1,317,303 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sherlake Cultural Center has recieved totaling $26,412.
| Awarding Organization | Amount |
|---|---|
Corporation For Social And Educational Development Chicago, IL PURPOSE: SUPPORT | $13,206 |
Corporation For Social And Educational Development Chicago, IL PURPOSE: SUPPORT | $13,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Earlham Foundation Richmond, IN | $474,854,358 | $26,788,184 |
Tcs Education System Chicago, IL | $58,844,634 | $63,686,418 |
Cooperative Educational Service Agency 6 Oshkosh, WI | $21,335,292 | $28,921,426 |
St Augustine Preparatory Academy Inc Milwaukee, WI | $57,201,795 | $17,148,722 |
The Center Resources For Teaching And Learning Arlington Heights, IL | $6,192,326 | $12,914,768 |
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Action For Healthy Kids Inc Chicago, IL | $3,842,848 | $2,908,557 |
Kids First Chicago For Education Chicago, IL | $7,952,532 | $6,200,779 |
Southeast South-Central Educational Cooperative Richmond, KY | $1,249,010 | $3,554,543 |
The Nucleus Real Properties Inc Louisville, KY | $0 | $6,292,812 |
High Jump Chicago, IL | $1,713,068 | $2,378,677 |