Cantinas Foundation FY2021 filing

Tax-deductible

Nashville, TN501(c)(3)ReligionEIN 47-5522180Revenue $76K in FY2021

On file with the IRScantinas.org4209 Stammer Pl, 37215-3307 · Nashville, TNTax-exempt since Feb 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Provide opportunities for artists and partner with other ministries to share their talents

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$117K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $834K a year · 127% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$117K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $552K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$912
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
-82% vs prior year
Spent
$714K
To programs
57%
Net assets
$21.1M
By yearFY2020–FY2024
Revenue
$76K
FY2021▼ -82%
Tap a bar for its year
Revenue by fiscal year
FY2020$424K
FY2021$76K
FY2022$710K
FY2023$430K
FY2024$1.6M
Expenses
$714K
FY2021▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$865K
FY2021$714K
FY2022$279K
FY2023$266K
FY2024$5.3M
Net assets
$21.1M
FY2021▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$21.3M
FY2021$21.1M
FY2022$20.1M
FY2023$20.5M
FY2024$16.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $404K Management & general 42% · $302K Fundraising 1% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $117K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operating Officer
$116,587Pt VII · Sec A
Director/Treasurer
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
President/Exec Dir/Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kimberly Cowan Part Year’s $117K as Chief Operating Officer is at the 61st percentile of top reported officer pay among 1637 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Kimberly Cowan—$118,992
Kimberly Cowan Part Year$116,587—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cantinas Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers artists by providing opportunities and partnering with ministries to share their talents.

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Provided by the organization

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3 programs · $285K · in their own filed words · FY2021
01

Cantinas Dance

The Rising Artist Mentorship Program was an intensive program that provided access to mentors and other artists in a nurturing space that allows them to focus on honing their craft and continue to express their talents in a spiritually elevated surrounding.

$104Kprogram expense
02

Cantinas Music

The Rising Artist Mentorship Program was an intensive program that provided access to mentors and other artists in a nurturing space that allows them to focus on honing their craft and continue to express their talents in a spiritually elevated surrounding.

$104Kprogram expense
03

Cantinas Ranch Camp and Land The Foundation was ultimately unable to build the Camp it had originally envisioned and the Board of Directors voted to list the land for sale. The Foundation was able to sell one parcel in 2021 and the remaining parcels are awaiting sale.

$77Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$552K
Grants paid · 3 grants · $5.2M · 2022–2024
Gospel Music Association INCTN · FY2024$5,075,000
Gospel Music Association INCTN · FY2023$75,000
Gospel Music Association INCTN · FY2022$75,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$76K
Ln 12
Gifts and grantsLn 1h$72K
Investment incomeLn 3$3K
Other incomeLn 4–11$1K
Money outPt IX
$714K
Ln 25
Programscol B$404K
Managementcol C$302K
Fundraisingcol D$9K
Owns and owesPt X
$21.1M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$21.1M
LiabilitiesLn 26$912
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Noncash giftsLn 1g$70K
Investment incomeLn 3$3K
Other incomeLn 4–11$1K
Gains on assetsLn 7−$265K
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
InvestmentsLn 11–13$7.2M
Land, buildings, equipmentLn 10c$13.8M
Total assetsLn 16$21.1M
LiabilitiesLn 26$912
Net assetsLn 32$21.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$283K$39K
InvestmentsLn 11–13$6.7M$7.2M
Land, buildings, equipmentLn 10c$14.4M$13.8M
Total assetsLn 16$21.4M$21.1M
LiabilitiesLn 26$32K$912
Net assetsLn 32$21.3M$21.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Pay of current officers, directors and key staffLn 5$120K$76K$38K$6K
Other salaries and wagesLn 7$84K$42K$41K$1K
Other employee benefitsLn 9$5K$4K$1K$334
Payroll taxesLn 10$19K$11K$8K$656
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$49K$49K
Other fees for servicesLn 11g$124K$122K$2K
Office expensesLn 13$100K$9K$91K$50
Information technologyLn 14$9K$7K$2K
OccupancyLn 16$85K$80K$5K
TravelLn 17$45K$45K$65
InsuranceLn 23$17K$4K$13K$298
Other expenses (24a–d)Ln 24$130$130
Total functional expensesLn 25$714K$404K$302K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$5.3M−$3.7M$16.4M 990 PDF
FY2023 $430K$266K$163K$20.5M 990 PDF
FY2022 $710K$279K$431K$20.1M 990 PDF
FY2021 Viewing $76K$714K−$638K$21.1M 990 PDF
FY2020 $424K$865K−$441K$21.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $76,120 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,739$71,574
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $76,623$3,213
I-11 Other revenuePrior year $101,128$1,333
I-12 Total revenuePrior year $424,490$76,120
I-13 Grants and similar amounts paidPrior year $3,575$5,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $312,347$228,887
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $549,565$480,317
I-18 Total expensesPrior year $865,487$714,204
I-19 Revenue less expensesPrior year −$440,997−$638,084
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $76,120 across 7 lines filed
Lines not itemized here account for $33 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$71,574
VIII-1g Noncash contributions (included above)$70,179
VIII-1h Total contributions, gifts and grants$71,574
VIII-3 Investment incomeExcluded from tax $267,826$267,826
VIII-6 Net rental income or lossExcluded from tax $1,300$1,300
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$264,613−$264,613
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,546$76,120
Part IX · Statement of functional expenses $714,204 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $75,868 · Management $38,366 · Fundraising $6,012$120,246
IX-7 Other salaries and wagesPrograms $41,831 · Management $40,547 · Fundraising $1,453$83,831
IX-9 Other employee benefitsPrograms $4,003 · Management $1,135 · Fundraising $334$5,472
IX-10 Payroll taxesPrograms $10,716 · Management $7,966 · Fundraising $656$19,338
IX-11b Legal feesManagement $18,395$18,395
IX-11c Accounting feesManagement $32,238$32,238
IX-11f Investment management feesManagement $49,243$49,243
IX-11g Other fees for servicesPrograms $121,783 · Management $2,414$124,197
IX-13 Office expensesPrograms $8,898 · Management $90,893 · Fundraising $50$99,841
IX-14 Information technologyPrograms $6,737 · Management $2,466$9,203
IX-16 OccupancyPrograms $79,919 · Management $5,150$85,069
IX-17 TravelPrograms $45,413 · Management $65$45,478
IX-23 InsurancePrograms $3,577 · Management $12,648 · Fundraising $298$16,523
IX-24 Other expenses (24a–d)Programs $130$130
IX-25 Total functional expensesPrograms $403,875 · Management $301,526 · Fundraising $8,803$714,204
Part X · Balance sheet $21,079,081 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $283,001$38,606
X-9 Prepaid expenses and deferred chargesStart of year $8,198$5,981
X-10c Land, buildings and equipment, netStart of year $14,374,051$13,802,939
X-11 Publicly traded securitiesStart of year $6,703,499$7,231,555
X-16 Total assetsStart of year $21,368,749$21,079,081
X-17 Accounts payable and accrued expensesStart of year $29,629$912
X-26 Total liabilitiesStart of year $31,929$912
X-27 Net assets without donor restrictionsStart of year $21,336,820$21,078,169
X-32 Total net assets or fund balancesStart of year $21,336,820$21,078,169
X-33 Total liabilities and net assetsStart of year $21,368,749$21,079,081
Part XI · Reconciliation of net assets $21,078,169 net assets at year end
XI-1 Total revenue$76,120
XI-2 Total expenses$714,204
XI-3 Revenue less expenses−$638,084
XI-4 Net assets at start of year$21,336,820
XI-5 Net unrealized gains (losses) on investments$379,433
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,078,169

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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