Cultivate Leadership Institute
- Assets
- $500.0k
- Revenue
- $50.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 06/2022
- EIN
- 85-2436495
Organization Overview
Cultivate Leadership Institute is located in Greensboro, NC. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultivate Leadership Institute 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, Cultivate Leadership Institute generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (47.5%) each year. All expenses for the organization totaled $51.2k during the year ending 06/2022. 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
THE ORGANIZATION EXISTS TO FURTHER THE MINISTRY OF CHURCH PROFESSIONALS THROUGH TRAINING AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATUS LEADERSHIP INSTITUTE IS A LEADERSHIP CERTIFICATE PROGRAM THAT IS DESIGNED TO HELP STUDENTS GROW IN LEADERSHIP CAPACITY, INFLUENCE AND SPIRITUAL MATURITY THROUGH ONLINE SETTINGS, GROUP DISCUSSIONS, ONLINE ASSIGNMENTS, COMMUNITY AND MORE!
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Crockett Director | Trustee | 0 | $0 |
Patrick Tewksbury Director | Trustee | 0 | $0 |
Matt Ketterman Director | Trustee | 0 | $0 |
Darren Overfield Director | Trustee | 0 | $0 |
Rachel Bennett Director | Trustee | 0 | $0 |
Eric Freeman President | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,389 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,622 |
| Total Program Service Revenue | $25,238 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,237 |
| Net Income from Fundraising Events | -$8,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,094 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $490 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,811 |
| Advertising and promotion | $2,500 |
| Office expenses | $929 |
| Information technology | $5,008 |
| Royalties | $0 |
| Occupancy | $2,833 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $3,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,818 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $51,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,518 |
| 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 | $369,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,019 |
| Accounts payable and accrued expenses | $2,291 |
| 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 | $70,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $110,000 |
| Other liabilities | $204,026 |
| Total liabilities | $386,317 |
| Net assets without donor restrictions | $113,702 |
| 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 | $500,019 |