Civic Intelligence

Culturesource

990 • Fiscal year 2022 • EIN 26-1476029

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

2937 East Grand Blvd Suite 315Detroit, MI 48202

(313) 831-1151

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.07x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$148,462

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

84th percentile

36%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,083,247

Up $1,073,890 (+36%) from 2021

Net Assets

Up

$3,793,271

Up $1,000,981 (+36%) from 2021

Liabilities

Up

$289,976

Up $72,909 (+34%) from 2021

Revenue

Up

$3,714,612

Up $889,109 (+31%) from 2021

Expenses

Up

$2,855,065

Up $1,415,714 (+98%) from 2021

Net Income

Down

$859,547

Down $526,605 (-38%) from 2021

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

2022

Assets$4,083,247
Liabilities$289,976
Net Assets$3,793,271

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

2022

Revenue$3,714,612
Expenses$2,855,065
Net Income$859,547
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$3,714,612
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,718,925$2,493,269▲ $774,344
Pledges and Grants Receivable$1,256,386$1,447,777▲ $191,391
Prepaid Expenses and Deferred Charges$14,491$52,658▲ $38,167
Land, Buildings, and Equipment, Net$16,452$17,828▲ $1,376
Accounts Receivable$1,332--
Total Assets$3,009,357$4,083,247▲ $1,073,890
Other Assets Total$1,771$71,715▲ $69,944
Liabilities
Accounts Payable and Accrued Expenses$30,363$186,516▲ $156,153
Other Liabilities$1,771$71,715▲ $69,944
Deferred Revenue$43,499$31,745▼ $11,754
Total Liabilities$75,633$289,976▲ $214,343
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,150,421$3,065,706▲ $915,285
Net Assets Without Donor Restrictions$783,303$727,565▼ $55,738
Total Net Assets Fund Balance$2,933,724$3,793,271▲ $859,547
Total Liabilities and Net Assets / Fund Balance$3,009,357$4,083,247▲ $1,073,890

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,828$29,830$47,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Omari RushExecutive DiFT$148,462$148,462

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,641,484
Program Service Revenue
$67,414
Investment Income
$1,753
Other Revenue
$3,961
All Other Contributions
$3,590,956
Change in Net Assets
$859,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,135,400
Other Expenses$1,001,203
Salaries, Compensation, and Employee Benefits$718,462
Total Fundraising Expense$114,735
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,045,400--$1,045,400
Other Salaries and Wages$313,261$191,165$65,574$570,000
Fees for Services Other$263,280$68,317$21,671$353,268
Current Officers, Directors, Trustees, and Key Employees$89,077$43,054$16,331$148,462
Grants to Domestic Individuals$90,000--$90,000
Occupancy$14,384$8,373$2,928$25,685
Depreciation Depletion$2,581$1,503$526$4,610
Other Expenses$2,300$1,339$469$4,108
All Other Expenses$1,901$1,107$387$3,395
Insurance$1,172$682$239$2,093
Office Expenses$959$558$195$1,712
Total Functional Expenses$2,405,886$334,444$114,735$2,855,065
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Board of Govenors Dba Wayne StateDetroit, MI-Community$50,000
Living ArtsDetroit, MI-Cultural$40,000
Sphinx Organization IncDetroit, MI-Cultural$40,000
Cranbrook Educational CommunityBloomfield Hills, MI-Cultural$35,000
Detroit Institute of ArtsDetroit, MI-Cultural$35,000
Detroit Jazz Festival FoundationHarper Woods, MI-Cultural$35,000
Detroit Public Tv Wrcj 909 FmWixom, MI-Community$35,000
Detroit Zoological SocietyRoyal Oak, MI-Cultural$35,000
The Henry FordDearborn, MI-Cultural$35,000
College for Creative StudiesDetroit, MI-Cultural$34,000
Arab Community Center for EconomicDearborn, MI-Community$30,000
Birmingham Bloomfield Arts CenterBirmingham, MI-Cultural$25,000
Macomb Community CollegeWarren, MI-Community$25,000
Mosaic Youth TheatreDetroit, MI-Cultural$25,000
Motown Historical Museum IncDetroit, MI-Cultural$25,000
Museum of Contemporary Art DetroitDetroit, MI-Cultural$25,000
Music Hall Center for the Perf ArtDetroit, MI-Cultural$25,000
Pewabic Society IncDetroit, MI-Cultural$25,000
Allied Media ProjectsDetroit, MI-Cultural$24,000
Detroit OperaDetroit, MI-Cultural$20,000
Detroit Public TheatreDetroit, MI-Cultural$20,000
The Arts League of Mi Dba Carr CenDetroit, MI-Cultural$20,000
Carrie Morris Arts ProductionDetroit, MI-Cultural$15,000
Chamber Music Society of DetroitDetroit, MI-Cultural$15,000
DcwsSouthfield, MI-Cultural$15,000
Eisenhower Dance DetroitBloomfield Hills, MI-Cultural$15,000
Far Therapeutic Arts and RecreationBirmingham, MI-Cultural$15,000
Heritage WorksDetroit, MI-Cultural$15,000
Insideout Literary Arts ProjectDetroit, MI-Cultural$15,000
Sidewalk DetroitDetroit, MI-Cultural$15,000
Y Arts Ymca of Metropolitan DetroitDetroit, MI-Community$15,000
Signal-return IncDetroit, MI-Cultural$14,000
Akropolis Quintet IncNorthville, MI-Cultural$10,000
Arts & ScrapsDetroit, MI-Cultural$10,000
Charles H Wright MusuemDetroit, MI-Cultural$10,000
Conjure Noir Films LLCDetroit, MI-Cultural$10,000
DETROIT CHILDREN'S CHOIRDetroit, MI-Cultural$10,000
Detroit Artists MarketDetroit, MI-Cultural$10,000
Detroit Historical SocietyDetroit, MI-Cultural$10,000
Dpl FoundationDetroit, MI-Cultural$10,000
Garage CulturalDetroit, MI-Cultural$10,000
Great Lakes Chamber Music FestivalSouthfield, MI-Cultural$10,000
Hadassah Greensky Meshekey ChristieHamtramck, MI-Cultural$10,000
Matrix Theatre CompanyDetroit, MI-Cultural$10,000
Millan Theatre Dba Detroit ReptheaDetroit, MI-Cultural$10,000
Nathaniel Stanley Mullen IiiDetroit, MI-Cultural$10,000
Planet Ant TheatreHamtramck, MI-Cultural$10,000
Regents of the University of MichAnn Arbor, MI-Community$10,000
Shakespeare in DetroitDearborn, MI-Cultural$10,000
The Art Center Aka Anton Art CenterMount Clemens, MI-Cultural$10,000
The Detroit Creativity ProjectFarmington Hills, MI-Cultural$10,000
The Heidelberg ProjectDetroit, MI-Cultural$10,000
Young NationDetroit, MI-Cultural$10,000
Girls Rock DetroitDetroit, MI-Cultural$9,000
Temate Institute for Black DanceDetroit, MI-Cultural$9,000
Detroit Sound ConservancyDetroit, MI-Culural$5,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiduciary Funds$71,715
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Executive director gives form 990 to the board prior to filing.

Form 990, Page 6, Part VI, 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, Page 6, Part VI, Line 15A

Executive compensation is reviewed annually by the executive committee.

Form 990, Page 6, Part VI, Line 19

The form 990 is available for public inspection on the website and in the administrative office.

Filing and Contact Details

Filer

Filer Name
Culturesource
EIN
26-1476029
Phone
3138311151
Address
2937 EAST GRAND BLVD SUITE 315, DETROIT, MI 48202

Signing Officer

Name
Omari Rush
Title
Executive Director
Phone
3138311151
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Omari Rush
Formed
2007
Legal Domicile
Mi
Voting Board Members
19
Independent Board Members
19
Employees
10

Preparer

Firm
Alan C Young & Associates Pc
Address
7310 WOODWARD AVE STE 740, DETROIT, MI 48202
Preparer
Anil Sakhuja
Phone
3138737500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees 258,353 65,449 20,668 contract labor 4,927 2,868 1,003 total 263,280 68,317 21,671

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/OtherExpensesGrp/Desc0OTHER CULTURAL GRANTS
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IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH. CULTURESOURCE REGULARLY ENGAGES IN PRACTICES OF RESEARCH AND LEARNING IN ORDER TO BUILD FIELD KNOWLEDGE AND ENHANCE OUR WORK OF CONVENING AND GRANTMAKING. WE BELIEVE IN THE VALUE AND BENEFITS OF DATA- DRIVEN DECISION-MAKING AND WANT TO MAKE RICH INSIGHTS BROADLY ACCESSIBLE.
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