Civic Intelligence

Charlotte Street Foundation

990 • Fiscal year 2018 • EIN 27-0040902

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 19, 2019

3325 Wyoming StKansas City, MO 64111

(816) 221-5115

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

91st percentile

51%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

215%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,787,819

Up $938,251 (+51%) from 2017

Net Assets

Up

$2,718,431

Up $940,443 (+53%) from 2017

Liabilities

Down

$69,388

Down $2,192 (-3.1%) from 2017

Revenue

Up

$1,871,835

Up $1,277,679 (+215%) from 2017

Expenses

Up

$820,699

Up $102,419 (+14%) from 2017

Net Income

Up

$1,051,136

Up $1,175,260 (+947%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $922,720Liabilities 2010: $0Net Assets 2010: $922,7202010Assets 2011: $1,191,250Liabilities 2011: $0Net Assets 2011: $1,191,2502011Assets 2012: $1,712,249Liabilities 2012: $10,859Net Assets 2012: $1,701,3902012Assets 2013: $1,890,196Liabilities 2013: $32,681Net Assets 2013: $1,857,5152013Assets 2014: $1,801,252Liabilities 2014: $45,364Net Assets 2014: $1,755,8882014Assets 2015: $1,730,131Liabilities 2015: $75,097Net Assets 2015: $1,655,0342015Assets 2016: $1,792,381Liabilities 2016: $50,301Net Assets 2016: $1,742,0802016Assets 2017: $1,849,568Liabilities 2017: $71,580Net Assets 2017: $1,777,9882017Assets 2018: $2,787,819Liabilities 2018: $69,388Net Assets 2018: $2,718,4312018Assets 2019: $8,014,127Liabilities 2019: $69,307Net Assets 2019: $7,944,8202019Assets 2020: $10,244,255Liabilities 2020: $32,740Net Assets 2020: $10,211,5152020Assets 2021: $10,563,973Liabilities 2021: $22,679Net Assets 2021: $10,541,2942021Assets 2022: $9,920,692Liabilities 2022: $24,060Net Assets 2022: $9,896,6322022Assets 2023: $10,006,090Liabilities 2023: $37,371Net Assets 2023: $9,968,7192023Assets 2024: $9,686,473Liabilities 2024: $38,330Net Assets 2024: $9,648,1432024

Highlighted filing

2018

Assets$2,787,819
Liabilities$69,388
Net Assets$2,718,431

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $428,6132010Expenses 2011: $536,0332011Expenses 2012: $531,6522012Revenue 2013: $729,908Expenses 2013: $573,783Net Income 2013: $156,1252013Revenue 2014: $626,807Expenses 2014: $728,434Net Income 2014: -$101,6272014Revenue 2015: $578,877Expenses 2015: $679,731Net Income 2015: -$100,8542015Revenue 2016: $783,267Expenses 2016: $696,221Net Income 2016: $87,0462016Revenue 2017: $594,156Expenses 2017: $718,280Net Income 2017: -$124,1242017Revenue 2018: $1,871,835Expenses 2018: $820,699Net Income 2018: $1,051,1362018Revenue 2019: $5,954,385Expenses 2019: $920,480Net Income 2019: $5,033,9052019Revenue 2020: $3,122,725Expenses 2020: $897,652Net Income 2020: $2,225,0732020Revenue 2021: $1,645,479Expenses 2021: $1,428,711Net Income 2021: $216,7682021Revenue 2022: $1,339,498Expenses 2022: $1,520,862Net Income 2022: -$181,3642022Revenue 2023: $1,253,701Expenses 2023: $1,462,286Net Income 2023: -$208,5852023Revenue 2024: $1,070,138Expenses 2024: $1,522,822Net Income 2024: -$452,6842024

Highlighted filing

2018

Revenue$1,871,835
Expenses$820,699
Net Income$1,051,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 19, 2019
Return Version
2018v3.1
Gross Receipts
$1,887,252
Mission and Program Overview

Mission

Csf identifies the needs and fuels the evolution of an ever-changing multi-disciplinary arts ecosystem, acting as its primary provocateur. We cultivate the contemporary, the exceptional, and the unexpected in the practice of artists working in and engaging with the kansas city art community.

Charlotte street envisions kansas city as a dynamic home for artists of various career stages and disciplines to thrive, while serving as natural catalysts for an exciting, innovative, and culturally rich city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,255,687$1,171,037▼ $84,650
Savings and Temporary Cash Investments$308,251$996,450▲ $688,199
Pledges and Grants Receivable$149,164$324,252▲ $175,088
Cash and Non-Interest-Bearing Accounts$103,470$157,843▲ $54,373
Land, Buildings, and Equipment, Net$23,848$131,157▲ $107,309
Prepaid Expenses and Deferred Charges$9,148$7,080▼ $2,068
Total Assets$1,849,568$2,787,819▲ $938,251
Liabilities
Accounts Payable and Accrued Expenses$68,385$67,393▼ $992
Grants Payable$3,195$1,995▼ $1,200
Total Liabilities$71,580$69,388▼ $2,192
Net Assets / Fund Balance
Temporarily Rstr Net Assets$183,164$1,456,479▲ $1,273,315
Unrestricted Net Assets$1,594,824$1,261,952▼ $332,872
Total Net Assets Fund Balance$1,777,988$2,718,431▲ $940,443
Total Liabilities and Net Assets / Fund Balance$1,849,568$2,787,819▲ $938,251

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$73,503$17,774$91,277
Leasehold Improvements$53,154$5,906$59,060
Equipment$4,500$500$5,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon TaylorPresident
Catherine FutterDirector
Cathy Beaham-smithDirector
Darren AbbottDirector
Ina AndersonDirector
Jean-paul WongDirector
Jose FausDirector
Laura MccrayDirector
Toma WolffDirector
Julie Nelson MeersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,855,787
Program Service Revenue
$5,111
Investment Income
$10,937
Other Revenue
$0
All Other Contributions
$1,841,843
Change in Net Assets
$1,051,136

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,871,835
Revenue Not Reported on Form 990
$219,897
Total Revenue per Audited Statements
$2,091,732
Total Revenue per Form 990
$1,871,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$390,272
Other Expenses$296,249
Grants and Similar Amounts Paid$134,178
Total Fundraising Expense$87,410
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,086$78,201$52,191$231,478
Grants to Domestic Individuals$134,178--$134,178
Occupancy$74,605$22,904-$97,509
Current Officers, Directors, Trustees, and Key Employees$34,377$37,498$18,125$90,000
Other Employee Benefits$5,006$37,523$3,746$46,275
Office Expenses$9,202$24,997$587$34,786
Payroll Taxes$8,601$9,382$4,536$22,519
All Other Expenses$4,473$14,506$2,484$21,463
Information Technology$3,053$14,231$3,496$20,780
Fees for Services Accounting-$17,172-$17,172
Other Expenses$11,444$1,325$795$12,769
Depreciation Depletion-$10,925-$10,925
Travel$7,191$2,312$983$10,486
Advertising$2,036$2,524$467$5,027
Insurance-$1,984-$1,984
Total Functional Expenses$417,109$316,180$87,410$820,699

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,151,289
Expenses per Audited Statements$820,699
Total Expenses per Form 990$820,699
Expenses Not Reported on Form 990$330,590
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

Provided to finance committee of the board to review.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest procedure is implemented before every peer review panel where monetary or space usage grants are decided. Executive director monitors implementation and enforcement.

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

All employees are reviewed annually. Comparable salary information is gathered and assessed. Executive/artistic director is reviewed by the president of the board.

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

All employees are reviewed annually. Comparable salary information is gathered and assessed. Officers on the board are not compensated.

Form 990, Page 6, Part VI, Line 19

Governing documents and conflict of interest policy are provided to all directors upon joining the board, as part of their handbook. Financial statements are distributed at every board meeting. These documents are not made available to the public, except by request.

Filing and Contact Details

Filer

Filer Name
Charlotte Street Foundation
EIN
27-0040902
Phone
8162215115
Address
3325 WYOMING ST, KANSAS CITY, MO 64111

Signing Officer

Name
Amy Kligman
Title
Executive Director
Phone
8162215115
Signed
2019-06-19

Organization Details

Principal Officer
Amy Kligman
Formed
1997
Legal Domicile
Mo
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
155

Preparer

Firm
Bridgebuilder Tax Legal Services Pa
Address
9325 PFLUMM RD, LENEXA, KS 66215-3347
Preparer
Kenneth L Cox
Phone
9134926008
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Csf identifies the needs and fuels the evolution of an ever-changing multi-disciplinary arts ecosystem, acting as its primary provocateur. We cultivate the contemporary, the exceptional, and the unexpected in the practice of artists working in and engaging with the kansas city art community.

Form 990, Page 2, Part III, Line 4D

Awards: multiple unrestricted cash grants in recognition of artistic achievement and continued artistic development in the areas of visual arts and generative performance arts. Curator in residence: engage emerging curators from around the country with the kansas city region and its artists. Artboards: commissioned public art installation of double-sided billboards in the crossroads neighborhood of kansas city. Sponsored by mobank.

Financial Statement Notes

Schedule D, Page 3, Part X

G.income taxes - the organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income taxes has been made by the organization in the accompanying financial statements. Uncertain tax provisions, if any, are recorded in accordance with financial accounting standards board (fasb) accounting standards codification (asc) 740, income taxes, which require the recognition of a liability for tax positions taken that do not meet the more-likely-than-not standard that the position will be sustained upon examination by the taxing authorities. There is no liability for uncertain tax positions recorded at december 31, 2018 or 2017. Income tax filings are subject to examination by various taxing authorities. The organization's open examination periods are 2015 and forward.

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IRS990/MissionDesc0CSF IDENTIFIES THE NEEDS AND FUELS THE EVOLUTION OF AN EVER-CHANGING MULTI-DISCIPLINARY ARTS ECOSYSTEM, ACTING AS ITS PRIMARY PROVOCATEUR. WE CULTIVATE THE CONTEMPORARY, THE EXCEPTIONAL, AND THE UNEXPECTED IN THE PRACTICE OF ARTISTS WORKING IN AND ENGAGING WITH THE KANSAS CITY ART COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ROCKET GRANTS PROGRAM: TO PROVIDE GRANTS SUPPORTING INNOVATIVE, EXPERIMENTAL,ARTIST-DRIVEN PROJECTS THAT ARE DEVELOPED OUTSIDE TRADITIONAL ARTS VENUES AND OCCUR WITHIN AN 80-MILE RADIUS OF KANSAS CITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt088395
IRS990/ProgSrvcAccomActy2Grp/GrantAmt055950
IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLIC PROGRAMS: TO FOSTER THE CREATION AND PRESENTATION OF INNOVATIVE, RISK-TAKING CONTEMPORARY ARTS PROGRAMMING THAT NURTURES THE WORK OF OUTSTANDING GENERATIVE ARTISTS OF ALL DISCIPLINES AND ADDS VALUE TO THE CULTURAL ECOSYSTEM OF THE KANSAS CITY REGION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0AWARDS: MULTIPLE UNRESTRICTED CASH GRANTS IN RECOGNITION OF ARTISTIC ACHIEVEMENT AND CONTINUED ARTISTIC DEVELOPMENT IN THE AREAS OF VISUAL ARTS AND GENERATIVE PERFORMANCE ARTS. CURATOR IN RESIDENCE: ENGAGE EMERGING CURATORS FROM AROUND THE COUNTRY WITH THE KANSAS CITY REGION AND ITS ARTISTS. ARTBOARDS: COMMISSIONED PUBLIC ART INSTALLATION OF DOUBLE-SIDED BILLBOARDS IN THE CROSSROADS NEIGHBORHOOD OF KANSAS CITY. SPONSORED BY MOBANK.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0G.INCOME TAXES - THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE BY THE ORGANIZATION IN THE ACCOMPANYING FINANCIAL STATEMENTS. UNCERTAIN TAX PROVISIONS, IF ANY, ARE RECORDED IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, WHICH REQUIRE THE RECOGNITION OF A LIABILITY FOR TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT STANDARD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THERE IS NO LIABILITY FOR UNCERTAIN TAX POSITIONS RECORDED AT DECEMBER 31, 2018 OR 2017. INCOME TAX FILINGS ARE SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN EXAMINATION PERIODS ARE 2015 AND FORWARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt412378
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ROCKET GRANTS PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CURATOR IN RESIDENCY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2VISITING CURATORS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3JURORS' HONORARIA
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5ARTIST STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6ART OMI AWARD
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART I, LINE 2: GRANTS ARE CAREFULLY REVIEWED BY LOCAL AND NATIONAL EXPERTS. FUNDS ARE GRANTED FOR THE UNRESTRICTED USE BY THE GRANTEES IN ORDER TO RECOGNIZE AND SUPPORT THE EXCELLENCE IN THE ARTS IN KANSAS CITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CSF IDENTIFIES THE NEEDS AND FUELS THE EVOLUTION OF AN EVER-CHANGING MULTI-DISCIPLINARY ARTS ECOSYSTEM, ACTING AS ITS PRIMARY PROVOCATEUR. WE CULTIVATE THE CONTEMPORARY, THE EXCEPTIONAL, AND THE UNEXPECTED IN THE PRACTICE OF ARTISTS WORKING IN AND ENGAGING WITH THE KANSAS CITY ART COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AWARDS: MULTIPLE UNRESTRICTED CASH GRANTS IN RECOGNITION OF ARTISTIC ACHIEVEMENT AND CONTINUED ARTISTIC DEVELOPMENT IN THE AREAS OF VISUAL ARTS AND GENERATIVE PERFORMANCE ARTS. CURATOR IN RESIDENCE: ENGAGE EMERGING CURATORS FROM AROUND THE COUNTRY WITH THE KANSAS CITY REGION AND ITS ARTISTS. ARTBOARDS: COMMISSIONED PUBLIC ART INSTALLATION OF DOUBLE-SIDED BILLBOARDS IN THE CROSSROADS NEIGHBORHOOD OF KANSAS CITY. SPONSORED BY MOBANK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROVIDED TO FINANCE COMMITTEE OF THE BOARD TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST PROCEDURE IS IMPLEMENTED BEFORE EVERY PEER REVIEW PANEL WHERE MONETARY OR SPACE USAGE GRANTS ARE DECIDED. EXECUTIVE DIRECTOR MONITORS IMPLEMENTATION AND ENFORCEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL EMPLOYEES ARE REVIEWED ANNUALLY. COMPARABLE SALARY INFORMATION IS GATHERED AND ASSESSED. EXECUTIVE/ARTISTIC DIRECTOR IS REVIEWED BY THE PRESIDENT OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL EMPLOYEES ARE REVIEWED ANNUALLY. COMPARABLE SALARY INFORMATION IS GATHERED AND ASSESSED. OFFICERS ON THE BOARD ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO ALL DIRECTORS UPON JOINING THE BOARD, AS PART OF THEIR HANDBOOK. FINANCIAL STATEMENTS ARE DISTRIBUTED AT EVERY BOARD MEETING. THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC, EXCEPT BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.69$0.04$9.65$1.07$1.52$0.45
2023Detailed filing. Detailed filing data is available for this year.$10.0$0.04$9.97$1.25$1.46$0.21
2022Detailed filing. Detailed filing data is available for this year.$9.92$0.02$9.90$1.34$1.52$0.18
2021Detailed filing. Detailed filing data is available for this year.$10.6$0.02$10.5$1.65$1.43$0.22
2020Detailed filing. Detailed filing data is available for this year.$10.2$0.03$10.2$3.12$0.90$2.23
2019Detailed filing. Detailed filing data is available for this year.$8.01$0.07$7.94$5.95$0.92$5.03
2018Detailed filing. Detailed filing data is available for this year.$2.79$0.07$2.72$1.87$0.82$1.05
2017Detailed filing. Detailed filing data is available for this year.$1.85$0.07$1.78$0.59$0.72$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.05$1.74$0.78$0.70$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.73$0.08$1.66$0.58$0.68$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.80$0.05$1.76$0.63$0.73$0.10
2013Detailed filing. Detailed filing data is available for this year.$1.89$0.03$1.86$0.73$0.57$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.01$1.70$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.43
Peer Organizations

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