Civic Intelligence

Kultivate Labs

990 • Fiscal year 2021 • EIN 82-1081068

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 02, 2022

1010 Mission StreetSan Francisco, CA 94117

(415) 215-4869

Siviq Scores

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

Liabilities / Assets

97th percentile

1.45x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.38x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

26th percentile

-0.9%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$72,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

81st percentile

45%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

41%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$221,147

Up $24,217 (+12%) from 2020

Net Assets

Down

-$98,880

Down $6,441 (-7.0%) from 2020

Liabilities

Up

$320,027

Up $30,658 (+11%) from 2020

Revenue

Up

$846,285

Up $124,977 (+17%) from 2020

Expenses

Up

$854,271

Up $131,418 (+18%) from 2020

Net Income

Down

-$7,986

Down $6,441 (-417%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2017: $48,983Liabilities 2017: $46,599Net Assets 2017: $2,3842017Assets 2018: $160,155Liabilities 2018: $82,764Net Assets 2018: $77,3912018Assets 2019: $393,109Liabilities 2019: $202,511Net Assets 2019: $190,5982019Assets 2020: $196,930Liabilities 2020: $289,369Net Assets 2020: -$92,4392020Assets 2021: $221,147Liabilities 2021: $320,027Net Assets 2021: -$98,8802021Assets 2022: $347,025Liabilities 2022: $589,910Net Assets 2022: -$242,8852022Assets 2023: $338,893Liabilities 2023: $655,117Net Assets 2023: -$316,2242023Assets 2024: $215,691Liabilities 2024: $627,744Net Assets 2024: -$412,0532024

Highlighted filing

2021

Assets$221,147
Liabilities$320,027
Net Assets-$98,880

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $452,135Expenses 2017: $449,852Net Income 2017: $2,2832017Revenue 2018: $527,757Expenses 2018: $452,750Net Income 2018: $75,0072018Revenue 2019: $798,290Expenses 2019: $685,083Net Income 2019: $113,2072019Revenue 2020: $721,308Expenses 2020: $722,853Net Income 2020: -$1,5452020Revenue 2021: $846,285Expenses 2021: $854,271Net Income 2021: -$7,9862021Revenue 2022: $969,028Expenses 2022: $1,102,137Net Income 2022: -$133,1092022Revenue 2023: $2,119,688Expenses 2023: $2,192,058Net Income 2023: -$72,3702023Revenue 2024: $1,745,000Expenses 2024: $1,840,829Net Income 2024: -$95,8292024

Highlighted filing

2021

Revenue$846,285
Expenses$854,271
Net Income-$7,986
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 2, 2022
Return Version
2021v4.2
Gross Receipts
$894,587
Mission and Program Overview

Mission

See schedule o.to develop the commercial community in the san francisco filipino cultural district. The purpose of the corporation is to empower filipino-owned businesses and social communities by curating events and facilitating access to substantive business development and financing services in order to achieve sustainable economic opportunities and growth.

Enrich san francisco's cultural diversity by building community and funding the arts & local businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,189$70,921▲ $33,732
Pledges and Grants Receivable$97,373$65,751▼ $31,622
Accounts Receivable-$33,459-
Land, Buildings, and Equipment, Net$44,360$33,270▼ $11,090
Inventories for Sale or Use$3,182$3,253▲ $71
Prepaid Expenses and Deferred Charges$3,982$2,034▼ $1,948
Loans From Officers Directors$1,000$0▼ $1,000
Total Assets$196,930$221,147▲ $24,217
Other Assets Total$10,844$12,459▲ $1,615
Liabilities
Unsecured Notes Loans Payable$172,375$150,000▼ $22,375
Deferred Revenue$0$78,400▲ $78,400
Other Liabilities$89,298$70,642▼ $18,656
Accounts Payable and Accrued Expenses$26,696$20,985▼ $5,711
Total Liabilities$289,369$320,027▲ $30,658
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-92,439$-98,880▼ $6,441
Total Net Assets Fund Balance$-92,439$-98,880▼ $6,441
Total Liabilities and Net Assets / Fund Balance$196,930$221,147▲ $24,217

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$33,270$11,090$44,360
Other Assets Org$6,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Desi DangananExecutive DirectorFT$72,000$72,000
Gina RosalesBoard Member-$19,531$19,531

Board Members and Trustees

NameTitle
Billy ChanBoard Member
Isagani Ferdinand LaguismaBoard Member
Kristian KabuayBoard Member
Lisa ZahnerBoard Member
Ron BenitezBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$629,958
Program Service Revenue
$86,199
Investment Income
$9
Other Revenue
$130,119
All Other Contributions
$345,525
Change in Net Assets
$-7,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$525,247
Salaries, Compensation, and Employee Benefits$308,006
Total Fundraising Expense$24,426
Professional Fundraising Fees$18,905
Grants and Similar Amounts Paid$2,113

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$309,331--$309,331
Other Salaries and Wages$184,502$18,778-$203,280
Current Officers, Directors, Trustees, and Key Employees$54,336$17,664-$72,000
Advertising$66,765$2,826-$69,591
Fees for Services Accounting-$22,550-$22,550
Payroll Taxes$14,777$4,724-$19,501
Fees for Services Professional Fundraising--$18,905$18,905
Travel$16,100--$16,100
Other Employee Benefits$6,856$6,369-$13,225
Depreciation Depletion$11,090--$11,090
Insurance$517$9,910-$10,427
Occupancy$3,666$5,560-$9,226
Interest-$6,649-$6,649
Office Expenses$2,500$1,469-$3,969
All Other Expenses$1,401$885-$2,286
Grants to Domestic Orgs$2,113--$2,113
Other Expenses$4,435$1,084$5,521$1,084
Conferences and Meetings$230--$230
Total Functional Expenses$715,695$114,150$24,426$854,271
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$18,905
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gina RosalesBoard MemberEvent PlanningNo$53,359

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,000$0▼ $1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$65,000
Eidl Interest Payable$5,447
Sales Tax Payable$195
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by an outside accountant. The governing body was given a copy of the form 990 for them to review and approve before it was filed with irs.

Form 990, Part VI, Section C, Line 19

Document will be available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kultivate Labs
EIN
82-1081068
Phone
4152154869
Address
1010 MISSION STREET, SAN FRANCISCO, CA 94117

Signing Officer

Name
Desi Danganan
Title
Executive Director
Phone
4152154689
Signed
2022-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Desi Danganan
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Scrubbednet LLC
Address
ONE SANSOME STREET SUITE 3500 PMB, 6006, SAN FRANCISCO, CA 94104
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Direct program: program service expenses 213,985. Management and general expenses 0. Fundraising expenses 0. Total expenses 213,985. Consultants: program service expenses 12,838. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,838. Other professional services: program service expenses 6,902. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,902. Program consults: program service expenses 75,606. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,606.

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IRS990/PYOtherRevenueAmt049946
IRS990/PYProgramServiceRevenueAmt059181
IRS990/PYRevenuesLessExpensesAmt0-1553
IRS990/PYSalariesCompEmpBnftPaidAmt0168161
IRS990/PYTotalExpensesAmt0722853
IRS990/PYTotalProfFndrsngExpnsAmt020995
IRS990/PYTotalRevenueAmt0721300
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-7986
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt089725
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0216318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0629958
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0612173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0410916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0377183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0346294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02376524
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02376524
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0629958
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0612173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0410916
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0377183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0346294
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02376524
IRS990ScheduleA/TotalSupportAmt02376524
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033270
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011090
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt044360
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06459
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PAYROLL ADVANCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RENTAL DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15447
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EIDL INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033270
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012459
IRS990ScheduleD/TotalLiabilityAmt070642
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANT WRITING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt065000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt046095
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0MELODY HERNANDEZ
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt018905
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt06 AUGUST ALLEY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd094133
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt065000
IRS990ScheduleG/TotalNetToOrganizationAmt046095
IRS990ScheduleG/TotalRetainedByContractorsAmt018905
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GINA ROSALES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt053359
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EVENT PLANNING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO COVER THE NEGATIVE BUSINESS ACCOUNT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DESI DANGANAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTANT. THE GOVERNING BODY WAS GIVEN A COPY OF THE FORM 990 FOR THEM TO REVIEW AND APPROVE BEFORE IT WAS FILED WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENT WILL BE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECT PROGRAM: PROGRAM SERVICE EXPENSES 213,985. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 213,985. CONSULTANTS: PROGRAM SERVICE EXPENSES 12,838. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,838. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 6,902. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,902. PROGRAM CONSULTS: PROGRAM SERVICE EXPENSES 75,606. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,606.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0196930
IRS990/TotalAssetsEOYAmt0221147
IRS990/TotalAssetsGrp/BOYAmt0196930
IRS990/TotalAssetsGrp/EOYAmt0221147
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0629958
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024426
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0114150
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0715695
IRS990/TotalFunctionalExpensesGrp/TotalAmt0854271
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0289369
IRS990/TotalLiabilitiesEOYAmt0320027
IRS990/TotalLiabilitiesGrp/BOYAmt0289369
IRS990/TotalLiabilitiesGrp/EOYAmt0320027
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-92439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-98880
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0715695
IRS990/TotalProgramServiceRevenueAmt086199
IRS990/TotalReportableCompFromOrgAmt091531
IRS990/TotalRevenueGrp/ExclusionAmt09
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0216318
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0846285
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0196930
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0221147
IRS990/TotReportableCompRltdOrgAmt00

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