Cultivate Leadership Institute
- Assets
- $503.5k
- Revenue
- $181.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2021
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
CULTIVATE 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Freeman President | Officer | 50 | $0 |
Tyresa Foster Secretary | Officer | 40 | $0 |
Christopher Worel Treasurer | Officer | 1 | $0 |
David Crockett Director | Trustee | 0 | $0 |
Patrick Tewksbury Director | Trustee | 0 | $0 |
Darren Overfield Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,412 |
| Noncash contributions included in lines 1a–1f | $49,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,912 |
| Total Program Service Revenue | $51,985 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,897 |
| 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 | $0 |
| 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 | $2,100 |
| Advertising and promotion | $5,235 |
| Office expenses | $1,869 |
| Information technology | $14,834 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,293 |
| Interest | $3,351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $790 |
| Insurance | $1,679 |
| All other expenses | $117 |
| Total functional expenses | $60,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $497 |
| 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 | $379,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $503,541 |
| Accounts payable and accrued expenses | $7,383 |
| 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 | $201,351 |
| Total liabilities | $388,734 |
| Net assets without donor restrictions | $114,807 |
| 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 | $503,541 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cultivate Leadership Institute has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
United States Public Policy Council Mc Lean, VA | $515,116 | $8,099,974 |
Global Service Network Inc Apex, NC | $3,942,579 | $9,338,562 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
Gaston Christian Schools Inc Gastonia, NC | $18,086,677 | $10,176,394 |
Gateway Research Park Inc Greensboro, NC | $77,329,453 | $5,504,159 |
Christian Heritage School Inc Dalton, GA | $23,929,248 | $5,906,596 |
Barry-Robinson Schools Of Norfolk Norfolk, VA | $3,077,648 | $6,392,966 |
National Institute Of Governmental Purchasing Inc Herndon, VA | $6,972,915 | $6,098,960 |