Charm City Cultural Cultivation Inc

EIN: 882809635 501(c)(3) Arts, Culture & Humanities

Scarsdale, NY

Total Revenue
$1,007,024
Total Expenses
$288,006
Total Assets
$741,038
Net Assets
$719,018
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
Derrick Adams
Tax Period
2021-12-21 to 2022-11-30

Charm City Cultural Cultivation Inc, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2021. The organization ran a surplus of $719K, a strong 71% operating margin.

Mission

Organized for education, cultural, charitable, artistic, and related purpose, more specifically, the primary mission is to build opportunities for cultural growth in the inner city of Baltimore, MD

Program Service Accomplishments

Program 1
Expenses: $190,348

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Program 2
Expenses: $97,383

The Last Resort Artist Retreat (TLAR)residency subscribes to the concept of Leisure as therapy for the Black creative and is committed to offering the space and curated- experience conductive to...

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The Last Resort Artist Retreat (TLAR)residency subscribes to the concept of Leisure as therapy for the Black creative and is committed to offering the space and curated- experience conductive to their rejuvenation

Program 3
Expenses: $180

Zoras Den (ZD) is a community of Black women writers who promote the importance of community over competition among their peers. Support social engagement and encouragement are their key components...

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Zoras Den (ZD) is a community of Black women writers who promote the importance of community over competition among their peers. Support social engagement and encouragement are their key components of their mission.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,006,104
Program Service Revenue $0
Investment Income $920
Other Revenue $0
TOTAL REVENUE $1,007,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $119,249
Fundraising Expenses $0
Program Expenses $287,911
Other Expenses $168,757
TOTAL EXPENSES $288,006

Year-over-Year Comparison

2021 2020 Change
Revenue $1,007,024 N/A N/A
Expenses $288,006 N/A N/A
Net Income $719,018 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AC Hudgins Director 0.00
Officer
$0 $0 $0
Michael Chuapoco Director Treasurer 0.00
Officer
$0 $0 $0
Derrick Adams Director 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2022 $1,007,024 $288,006 $741,038 $719,018
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