Civic Intelligence

Cultures Edge

990 • Fiscal year 2021 • EIN 56-1981809

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 28, 2022

7 Consensus CircleBlack Mountain, NC 28711

(828) 669-3937

Siviq Scores

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

Liabilities / Assets

87th percentile

0.26x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.13x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Net Margin

63rd percentile

24%

Higher net margin than 63% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Assets

Up

$107,298

Up $96,458 (+890%) from 2010

Net Assets

Up

$79,427

Up $69,487 (+699%) from 2010

Liabilities

Up

$27,871

Up $26,971 (+2997%) from 2010

Revenue

Up

$206,882

Up $184,138 (+810%) from 2010

Expenses

Up

$157,156

Up $127,541 (+431%) from 2010

Net Income

Up

$49,726

Up $56,597 (+824%) from 2010

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $10,840Liabilities 2010: $900Net Assets 2010: $9,9402010Assets 2021: $107,298Liabilities 2021: $27,871Net Assets 2021: $79,4272021Assets 2022: $83,511Liabilities 2022: $24,501Net Assets 2022: $59,0102022Assets 2023: $117,840Liabilities 2023: $31,591Net Assets 2023: $86,2492023Assets 2024: $249,838Liabilities 2024: $21,297Net Assets 2024: $228,5412024

Highlighted filing

2021

Assets$107,298
Liabilities$27,871
Net Assets$79,427

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $22,744Expenses 2010: $29,615Net Income 2010: -$6,8712010Revenue 2021: $206,882Expenses 2021: $157,156Net Income 2021: $49,7262021Revenue 2022: $209,458Expenses 2022: $229,875Net Income 2022: -$20,4172022Revenue 2023: $211,391Expenses 2023: $182,152Net Income 2023: $29,2392023Revenue 2024: $403,022Expenses 2024: $254,139Net Income 2024: $148,8832024

Highlighted filing

2021

Revenue$206,882
Expenses$157,156
Net Income$49,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 28, 2022
Return Version
2021v4.2
Gross Receipts
$206,882
Mission and Program Overview

Mission

Cultures edge is a not-for-profit charitable corporation dedicated to support, demonstrate and catalyze the development of healthy, sustainable and regenerative culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$25,729$92,460▲ $66,731
Rtn Earn Endowment Incm Other Fnds$29,701$79,427▲ $49,726
Accounts Receivable-$8,838-
Intangible Assets$6,000$6,000→ $0
Total Assets$31,729$107,298▲ $75,569
Liabilities
Mortgage Notes Payable Secured by Investment Property-$21,900-
Accounts Payable and Accrued Expenses$2,028$5,471▲ $3,443
Deferred Revenue-$500-
Total Liabilities$2,028$27,871▲ $25,843
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,701$79,427▲ $49,726
Total Liabilities and Net Assets / Fund Balance$31,729$107,298▲ $75,569
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$34,198
Program Service Revenue
$172,352
Investment Income
$64
Other Revenue
$268
All Other Contributions
$34,198
Change in Net Assets
$49,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,156
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$71,004--$71,004
Fees for Services Management$12,686$33,345-$46,031
Occupancy$5,420--$5,420
Other Expenses$4,311--$4,311
Insurance$3,490--$3,490
Office Expenses$3,264--$3,264
Fees for Services Accounting-$2,723-$2,723
Travel$1,369--$1,369
Conferences and Meetings$855--$855
Advertising$708--$708
All Other Expenses$407--$407
Information Technology$209--$209
Total Functional Expenses$121,088$36,068$0$157,156
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 governing body review Part VI line 11

Prior to submission of the form 990, the board of directors will review the return in detail.

Conflict of interest policy compliance Part VI line 12C

All board members and employees must immediately disclose any conflict, apparent conflict or potential conflict of interest that places them in a position to derive personal gain as a representative of the organization. This disclosure shall be made in writing and be presented to the board of directors at either a regular or specially called meeting, before the representative becomes involved in the activity.

CEO executive director top management comp Part VI line 15A

For any top employee earning $75,000 or more or receiving a raise up to or over $75,000, the board chairperson will convene an ad hoc team that includes at least two people not associated with cultures edge to manage this process. The ad hoc team will gather compensation data from independent sources for comparable positions in comparable organizations. The team will compare the proposed job description and compensation with the reference data. The ad hoc team will issue an acceptable compensation range for the position.

Other officer or key employee compensation Part VI line 15B

For any other employee earning $75,000 or more or receiving a raise up to or over $75,000, the board chairperson will convene an ad hoc team that includes at least two people not associated with cultures edge to manage this process. The ad hoc team will gather compensation data from independent sources for comparable positions in comparable organizations. The team will compare the proposed job description and compensation with the reference data. The ad hoc team will issue an acceptable compensation range for the position.

Form 990 availability to public Part VI line 18

Upon request the form 990 is made available to any party.

Governing documents etc available to public Part VI line 19

Any governing document of the organization is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cultures Edge
EIN
56-1981809
Address
7 CONSENSUS CIRCLE, BLACK MOUNTAIN, NC 28711
Doing Business As
Cultures Edge

Signing Officer

Name
Carmen Lescher
Title
Treasurer
Phone
8286690114
Signed
2022-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carmen Lescher
Formed
1996
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
20

Preparer

Firm
Greg Clark CPA
Address
305 POUND MILL BRANCH ROAD, MARSHALL, NC 28753
Preparer
Gregory a Clark
Phone
8283378683
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Successfully integrated the school of integrated living into the programming of the organization. The school of integrated living offers online and in-person educational programs that insprie and empower participants to live responsible and creative lives trough experiential education in integrated living and regernative systems.

List of other fees for services expenses Part IX line 11G

Cooking and meal services $ 9,163marketing services 28,323presenters 25,483registrar and customer services 4,360technical services 2,855other 820total $71,004

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO SUBMISSION OF THE FORM 990, THE BOARD OF DIRECTORS WILL REVIEW THE RETURN IN DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS AND EMPLOYEES MUST IMMEDIATELY DISCLOSE ANY CONFLICT, APPARENT CONFLICT OR POTENTIAL CONFLICT OF INTEREST THAT PLACES THEM IN A POSITION TO DERIVE PERSONAL GAIN AS A REPRESENTATIVE OF THE ORGANIZATION. THIS DISCLOSURE SHALL BE MADE IN WRITING AND BE PRESENTED TO THE BOARD OF DIRECTORS AT EITHER A REGULAR OR SPECIALLY CALLED MEETING, BEFORE THE REPRESENTATIVE BECOMES INVOLVED IN THE ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOR ANY TOP EMPLOYEE EARNING $75,000 OR MORE OR RECEIVING A RAISE UP TO OR OVER $75,000, THE BOARD CHAIRPERSON WILL CONVENE AN AD HOC TEAM THAT INCLUDES AT LEAST TWO PEOPLE NOT ASSOCIATED WITH CULTURES EDGE TO MANAGE THIS PROCESS. THE AD HOC TEAM WILL GATHER COMPENSATION DATA FROM INDEPENDENT SOURCES FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. THE TEAM WILL COMPARE THE PROPOSED JOB DESCRIPTION AND COMPENSATION WITH THE REFERENCE DATA. THE AD HOC TEAM WILL ISSUE AN ACCEPTABLE COMPENSATION RANGE FOR THE POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOR ANY OTHER EMPLOYEE EARNING $75,000 OR MORE OR RECEIVING A RAISE UP TO OR OVER $75,000, THE BOARD CHAIRPERSON WILL CONVENE AN AD HOC TEAM THAT INCLUDES AT LEAST TWO PEOPLE NOT ASSOCIATED WITH CULTURES EDGE TO MANAGE THIS PROCESS. THE AD HOC TEAM WILL GATHER COMPENSATION DATA FROM INDEPENDENT SOURCES FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. THE TEAM WILL COMPARE THE PROPOSED JOB DESCRIPTION AND COMPENSATION WITH THE REFERENCE DATA. THE AD HOC TEAM WILL ISSUE AN ACCEPTABLE COMPENSATION RANGE FOR THE POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST THE FORM 990 IS MADE AVAILABLE TO ANY PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY GOVERNING DOCUMENT OF THE ORGANIZATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUCCESSFULLY INTEGRATED THE SCHOOL OF INTEGRATED LIVING INTO THE PROGRAMMING OF THE ORGANIZATION. THE SCHOOL OF INTEGRATED LIVING OFFERS ONLINE AND IN-PERSON EDUCATIONAL PROGRAMS THAT INSPRIE AND EMPOWER PARTICIPANTS TO LIVE RESPONSIBLE AND CREATIVE LIVES TROUGH EXPERIENTIAL EDUCATION IN INTEGRATED LIVING AND REGERNATIVE SYSTEMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COOKING AND MEAL SERVICES $ 9,163MARKETING SERVICES 28,323PRESENTERS 25,483REGISTRAR AND CUSTOMER SERVICES 4,360TECHNICAL SERVICES 2,855OTHER 820TOTAL $71,004
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CARMEN LESCHER
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREG CLARK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0305 POUND MILL BRANCH ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARSHALL
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