Cmcarts INC EIN 66-0529152 Form 990 (PDF) Claim this org

Cmcarts INC FY2022 filing

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Preserves, promotes, and exhibits Caribbean arts and culture. For fiscal year 2022 it reported $567K in revenue, $566K in expenses, and $238K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Frederiksted, VI
Website
www.cmcarts.org
Filings
5 on file (2020–2022)
Revenue
$567KFY2022
Expenses
$566K
Net assets
$238K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  66-0529152 Public charity (501(c)(3)) Frederiksted, VI
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves, promotes, and exhibits Caribbean arts and culture.
Leadership
Susan Atkins · Vice Preside
Money in and out
$567K revenue, $566K expenses
Where the money goes · FY2022
Total revenue
$567K
Pt VIII · Ln 12
Total expenses
$566K
Pt IX · Ln 25
Net assets
$238K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$567K
FY2022▲ +22%
Expenses
$566K
FY2022▲ +47%
Total assets
$338K
FY2022▼ -12%
Total liabilities
$101K
FY2022▼ -25%
Total revenue
$567K
Pt VIII · Ln 12
Total expenses
$566K
Pt IX · Ln 25
Net assets
$238K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$338K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $552K of program spending, described in the organization's own filed words · FY2022.
01

To preserve, promote, and exhibit the arts of the caribbean community. To provide an interactive environment that courages children, youth, and adults to learn positive forms of expression.

$552Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCmcarts INC
EINHdr · item D66-0529152
Principal addressHdr · item CFrederiksted, VI
WebsiteHdr · item Jwww.cmcarts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFJul 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$388K · 68%
Program service revenue$168K · 30%
Other revenue$10K · 2%
Contributions & grants68%$388K
Program service revenue30%$168K
Other revenue2%$10K
Investment income$1K
Total revenueLn 12$567K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$552K
Management & general2%$14K
Total functional expensesLn 25$566K

Balance Sheet

Part X · end of year
CashLn 1$235K
Total assetsLn 16$338K
Total liabilitiesLn 26$101K
Total net assetsLn 32$238K
Months of cash on handcomputed5.0

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$448K revenue · ⤓ 990 PDF
FY2023$559K revenue · ⤓ 990 PDF
FY2022$567K revenue · viewing · ⤓ 990 PDF
FY2021$465K revenue · ⤓ 990 PDF
FY2020$274K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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