Foundation Oakwood Cultural Center
- Assets
- $19.1k
- Revenue
- $43.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-2180248
Organization Overview
Foundation Oakwood Cultural Center is located in Greensboro, NC. The organization was established in 2019. 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. Foundation Oakwood 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 12/2023, Foundation Oakwood Cultural Center generated $43.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $38.9k during the year ending 12/2023. While expenses have increased by 32.9% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENT 90TH CELEBRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florella Simoni DE Cannon President | 0 | $0 | |
Luisana Bethancourt Vicepresident | 0 | $0 | |
Catalina Orozco Treasure And Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,482 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,850 |
| Total Revenue | $43,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $122 |
| Depreciation | $0 |
| Occupancy | $12,896 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $80 |
| Other expenses | $21,801 |
| Total operating and administrative expenses | $34,899 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $38,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,189 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,892 |
| Total assets | $19,081 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foundation Oakwood Cultural Center has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YUMA CENTER PURPOSE: WOMENS STUDY | $2,500 |
VAN NESS CENTER PURPOSE: WOMENS STUDY | $1,500 |