Civic Intelligence

Culturesource

990 • Fiscal year 2013 • EIN 26-1476029

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 27, 2014

The Block Building 2727 Second AveNo 14748201

(313) 831-1151

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.07x

Higher debt load relative to assets than 42% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

84th percentile

$141,782

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$479,598

Up $87,337 (+22%) from 2011

Net Assets

Up

$446,804

Up $129,345 (+41%) from 2011

Liabilities

Down

$32,794

Down $42,008 (-56%) from 2011

Revenue

$1,033,342

No earlier filing loaded for comparison.

Expenses

Up

$1,221,827

Up $304,836 (+33%) from 2011

Net Income

-$188,485

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $392,261Liabilities 2011: $74,802Net Assets 2011: $317,4592011Assets 2013: $479,598Liabilities 2013: $32,794Net Assets 2013: $446,8042013Assets 2014: $541,952Liabilities 2014: $6,962Net Assets 2014: $534,9902014Assets 2015: $662,318Liabilities 2015: $2,607Net Assets 2015: $659,7112015Assets 2016: $791,682Liabilities 2016: $34,420Net Assets 2016: $757,2622016Assets 2017: $1,494,000Liabilities 2017: $770,432Net Assets 2017: $723,5682017Assets 2018: $1,843,925Liabilities 2018: $810,389Net Assets 2018: $1,033,5362018Assets 2019: $1,372,077Liabilities 2019: $410,875Net Assets 2019: $961,2022019Assets 2020: $1,823,136Liabilities 2020: $416,998Net Assets 2020: $1,406,1382020Assets 2021: $3,009,357Liabilities 2021: $217,067Net Assets 2021: $2,792,2902021Assets 2022: $4,083,247Liabilities 2022: $289,976Net Assets 2022: $3,793,2712022Assets 2023: $7,554,281Liabilities 2023: $132,016Net Assets 2023: $7,422,2652023Assets 2024: $5,793,536Liabilities 2024: $468,704Net Assets 2024: $5,324,8322024

Highlighted filing

2013

Assets$479,598
Liabilities$32,794
Net Assets$446,804

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $916,9912011Revenue 2013: $1,033,342Expenses 2013: $1,221,827Net Income 2013: -$188,4852013Revenue 2014: $1,029,152Expenses 2014: $940,966Net Income 2014: $88,1862014Revenue 2015: $763,313Expenses 2015: $638,592Net Income 2015: $124,7212015Revenue 2016: $725,057Expenses 2016: $627,506Net Income 2016: $97,5512016Revenue 2017: $590,238Expenses 2017: $623,932Net Income 2017: -$33,6942017Revenue 2018: $1,030,688Expenses 2018: $720,720Net Income 2018: $309,9682018Revenue 2019: $809,549Expenses 2019: $881,883Net Income 2019: -$72,3342019Revenue 2020: $1,544,891Expenses 2020: $1,099,955Net Income 2020: $444,9362020Revenue 2021: $2,825,503Expenses 2021: $1,439,351Net Income 2021: $1,386,1522021Revenue 2022: $3,714,612Expenses 2022: $2,855,065Net Income 2022: $859,5472022Revenue 2023: $6,112,731Expenses 2023: $2,483,737Net Income 2023: $3,628,9942023Revenue 2024: $3,123,254Expenses 2024: $5,220,687Net Income 2024: -$2,097,4332024

Highlighted filing

2013

Revenue$1,033,342
Expenses$1,221,827
Net Income-$188,485
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 27, 2014
Return Version
2013v3.0
Gross Receipts
$1,033,342
Mission and Program Overview

Mission

Culturesource advances the work of organizations that cultivate creative and cultural expression in southeast michigan.

To supports arts and culture in detroit, ann arbor and southeastern michigan. Culturesource connects the public to arts and culture opportunities through ixiti.com; and helps arts and culture nonprofits to thrive and to be sustainable community assets through capacity-building and other services. Culturesource is the primary advocate for arts and culture in southeastern michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$348,393$246,732▼ $101,661
Pledges and Grants Receivable$313,240$117,500▼ $195,740
Land, Buildings, and Equipment, Net$2,071$108,853▲ $106,782
Accounts Receivable-$5,000-
Prepaid Expenses and Deferred Charges$13,715$1,513▼ $12,202
Total Assets$677,419$479,598▼ $197,821
Liabilities
Accounts Payable and Accrued Expenses$42,130$32,794▼ $9,336
Total Liabilities$42,130$32,794▼ $9,336
Net Assets / Fund Balance
Unrestricted Net Assets$272,049$242,267▼ $29,782
Temporarily Rstr Net Assets$363,240$204,537▼ $158,703
Total Net Assets Fund Balance$635,289$446,804▼ $188,485
Total Liabilities and Net Assets / Fund Balance$677,419$479,598▼ $197,821

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$103,224-$103,224
Equipment$5,629$14,141$19,770
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maud LyonExecutive DirectorFT$133,540$8,242$141,782

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,355
Program Service Revenue
$6,210
Investment Income
$2,777
Other Revenue
$0
All Other Contributions
$965,705
Change in Net Assets
$-188,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,033,342
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,033,342
Total Revenue per Form 990
$1,033,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$625,272
Salaries, Compensation, and Employee Benefits$532,616
Total Fundraising Expense$148,898
Professional Fundraising Fees$63,939
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$180,860$75,359$45,215$301,434
Current Officers, Directors, Trustees, and Key Employees$85,069$35,446$21,267$141,782
Fees for Services Other$82,840$39,179-$122,019
Other Employee Benefits$53,641$22,350$13,409$89,400
Fees for Services Professional Fundraising--$63,939$63,939
Fees for Services Accounting-$37,330-$37,330
Occupancy$12,580$3,595$1,796$17,971
Conferences and Meetings$17,145--$17,145
Office Expenses$10,289$2,939$1,470$14,698
Travel$8,820$2,520$1,260$12,600
Other Expenses$1,731$494$248$2,473
Insurance$1,106$316$158$1,580
Depreciation Depletion$949$271$136$1,356
Total Functional Expenses$853,130$219,799$148,898$1,221,827

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,221,827
Total Expenses per Audited Statements$1,221,827
Total Expenses per Form 990$1,221,827
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$63,939
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Organizational members vote to elect board members at annual meeting.

Form 990, Part VI, Section A, Line 7B

Organizational members vote on any proposed changes to the bylaws, at the annual meeting of culturesource.

Form 990, Part VI, Section B, Line 11

Executive director gives form 990 to the board prior to filing

Form 990, Part VI, Section B, Line 12C

Board members have to inform the board of any conflicts of interest when they arise and also the board reviews on an annual basis.

Form 990, Part VI, Section C, Line 19

For inspection at the office

Filing and Contact Details

Filer

EIN
26-1476029
Phone
3138311151

Signing Officer

Name
Rich Homberg
Title
Chairman
Phone
3138311151
Signed
2014-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Homberg
Formed
2007
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
18
Employees
6
Volunteers
0

Preparer

Preparer
Michael F Fenberg
Phone
2483727300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Building and operating ixiti.com, a public service website with an arts and culture calendar, listings and editorial coverage.

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

Culturesource has received notification that it qualifies as a tax-exempt organization under section 501(c)(3) of the u.s. Internal revenue code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. The organization follows current authoritative guidance relating to the accounting for uncertainty in income taxes. The tax effects from an uncertain tax position can be recognized in the financial statements, only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. The organization recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would be more likely than not to sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. Based on its evaluation, the organization has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. The organization is no longer subject to u.s. Federal income tax examinations by the internal revenue service for the years before 2010.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
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IRS990/FormationYr02007
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01033342
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0316
IRS990/InsuranceGrp/ProgramServicesAmt01106
IRS990/InsuranceGrp/TotalAmt01580
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0CULTURESOURCE IS A NONPROFIT CORPORATION WHICH HOLDS MEMBERSHIP MEETINGS AND WORKSHOPS FOR PROFESSIONAL DEVELOPMENT OF STAFF IN NONPROFIT ARTS AND CULTURE ORGANIZATIONS; PROVIDES CURRENT INFORMATION AND RESOURCES TO MEMBER ORGANIZATIONS IN NEWSLETTERS AND WEBSITE; OPERATES IXITI.COM, A PUBLIC SERVICE WEBSITE WITH AN ARTS AND CULTURE CALENDAR, LISTINGS AND EDITORIAL COVERAGE; AND CULTURESOURCE IS THE PRIMARY ADVOCATE FOR ARTS AND CULTURE IN SOUTHEAST MICHIGAN.
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IRS990/NetAssetsOrFundBalancesEOYAmt0446804
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IRS990/OccupancyGrp/ManagementAndGeneralAmt03595
IRS990/OccupancyGrp/ProgramServicesAmt012580
IRS990/OccupancyGrp/TotalAmt017971
IRS990/OfficeExpensesGrp/FundraisingAmt01470
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02939
IRS990/OfficeExpensesGrp/ProgramServicesAmt010289
IRS990/OfficeExpensesGrp/TotalAmt014698
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022350
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053641
IRS990/OtherEmployeeBenefitsGrp/TotalAmt089400
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IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES, SUBSCRIPTIONS & F
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0494
IRS990/OtherExpensesGrp/ProgramServicesAmt0391750
IRS990/OtherExpensesGrp/ProgramServicesAmt16350
IRS990/OtherExpensesGrp/ProgramServicesAmt21731
IRS990/OtherExpensesGrp/TotalAmt0391750
IRS990/OtherExpensesGrp/TotalAmt16350
IRS990/OtherExpensesGrp/TotalAmt22473
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt045215
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075359
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0180860
IRS990/OtherSalariesAndWagesGrp/TotalAmt0301434
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO HELP NONPROFITS BE WELL-MANAGED AND SUCCESSFUL, CULTURESOURCE PROVIDES MANY PROFESSIONAL DEVELOPMENT PROGRAMS TO STRENGTHEN THE CAPACITY OF INDIVIDUAL ORGANIZATIONS. TRAINING TOPICS INCLUDE MARKETING, SOCIAL MEDIA, AUDIENCE DEVELOPMENT, COMMUNITY ENGAGEMENT, FINANCIAL MANAGEMENT, THE IMPACT OF HEALTHCARE CHANGES, AND MORE. THROUGH A PARTNERSHIP WITH THE DEVOS INSTITUTE FOR ARTS MANAGEMENT, MORE THAN 50 ORGANIZATIONS GAINED SKILLS IN BOARD MANAGEMENT, STRATEGIC PLANNING AND ARTISTIC PLANNING. CULTURESOURCES WEBSITE AND MONTHLY NEWSLETTER PROVIDES CURRENT INFORMATION FOR ARTS PROFESSIONALS. CULTURESOURCES MEMBERSHIP MEETINGS AND RE:SOURCE CONFERENCE ALSO PROVIDE OPPORTUNITIES FOR NONPROFIT STAFF TO NETWORK, WHICH HAS LED TO MANY COLLABORATIONS AND HAS HELPED TO UNITE DIVERSE ORGANIZATIONS AROUND COMMON GOALS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0225193
IRS990/ProgSrvcAccomActy3Grp/Desc0CULTURESOURCE CONNECTS NONPROFIT ARTS AND CULTURE ORGANIZATIONS TO OTHER COMMUNITY INITIATIVES AND SECTORS. A COLLABORATION WITH THE SOUTHEAST MICHIGAN COUNCIL OF GOVERNMENTS USED THEATRE TO ENGAGE THE PUBLIC IN REGIONAL ISSUES OF TRANSPORTATION, EDUCATION, AND THE ENVIRONMENT. PLACEMAKING INITIATIVES USE ARTS AND CULTURE TO IMPROVE NEIGHBORHOODS AND TO ATTRACT RESIDENTS AND VISITORS TO URBAN CENTERS. IN 2013 CULTURESOURCE SUPPORTED THE NATIONAL SUSTAIN ARTS INITIATIVE TO RESEARCH FUNDING, AUDIENCE PREFERENCES, AND TO BETTER UNDERSTAND THE BROAD SCOPE OF THE ARTS AND CULTURE ECOSYSTEM IN DETROIT AND SOUTHEASTERN MICHIGAN. CULTURESOURCE WILL USE THE FINDINGS TO PLAN FUTURE CAPACITY-BUILDING PROGRAMS AND TO BE A THOUGHT LEADER IN THE DEVELOPMENT OF THE ARTS AND CULTURE SECTOR IN THE FUTURE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt063465
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IN 2013, SPECIAL INITIATIVES INCLUDED BRINGING THE CROWDFUNDING PLATFORM POWER2GIVE, WHICH RAISED $134,000 THAT CULTURESOURCE RE-GRANTED TO OVER 40 NONPROFITS. A SPECIAL PROJECT WITH TWO MUSEUMS HELPED THEM TO ADDRESS THEIR OWN SUSTAINABILITY CHALLENGES. CULTUREVOLUNTEER PROVIDES AN ONLINE RECRUITING PLATFORM THAT HAS ATTRACTED OVER 800 VOLUNTEERS TO MORE THAN 70 ORGANIZATIONS. CULTURESOURCE ACTS AS AN INTERMEDIARY WHENEVER POSSIBLE TO BRING RESOURCES AND OPPORTUNITIES TO NONPROFIT ARTS AND CULTURE ORGANIZATIONS. IN 2013, CULTURESOURCE SERVED AS INTERMEDIARY FOR A LARGE TWO-YEAR GRANT FROM THE FORD FOUNDATION TO FUND ORGANIZATIONS IN SOUTHEAST MICHIGAN FOR PROJECTS THAT FILLED FORDS PHILANTHROPIC FOCUS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0290357
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01054702
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IRS990/PYInvestmentIncomeAmt0546
IRS990/PYOtherExpensesAmt0472001
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt037480
IRS990/PYRevenuesLessExpensesAmt0192038
IRS990/PYSalariesCompEmpBnftPaidAmt0428689
IRS990/PYTotalExpensesAmt0900690
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01092728
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-188485
IRS990/RegularMonitoringEnfrcInd01
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01054702
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0786092
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0826758
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0503883
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02777
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01896
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03707
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02610
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02777
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0546
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01896
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03707
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02610
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IRS990ScheduleA/InvestmentIncomeCYPct00.00270
IRS990ScheduleA/InvestmentIncomePYPct00.00240
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99760
IRS990ScheduleA/PublicSupportTotal509Amt04195790
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0826758
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0503883
IRS990ScheduleA/Total509Grp/TotalAmt04195790
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04207326
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0103224
IRS990ScheduleD/RevenueNotReportedAmt00

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