Cultural Development Group Inc

Nonprofit profile at a glance

EIN
650495725
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Coconut Grove, FL, USA
Phone
3054482021
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$1,961
Expenses
$2,461
Assets
$526

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ANTONIA GERSTACKER (PRESIDENT)

People named in this filing

  • ANTONIA GERSTACKER (PRESIDENT)
  • AARON MORRIS (TREASURER &)
  • ANNA MORRIS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Assist talented individuals in arts.

What it reported doing in 2024

To promote the advancement of the arts, including acting as a clearinghouse of information pertaining to cultural events in, and educational amenities of, the city of miami and the south Florida area. To service professional and emerging artists and their audiences by presenting exhibitions and craft shows, theater and dance performances, providing education programs, events and conferences for artists, students of the arts and the general audience, and to sponsor competitions and commission new artistic works; to strengthen the programing , educational opportunities and audiences of the arts in miami and south Florida. To recruit artists, students and audiences from around the world as participants in its efforts; to operate exclusively for charitable, educational, literary or scientific purposes either directly or by contributions to organizations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 21
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -25.5%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -12.3% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -13.9% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $2K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 20/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.