Overview
What is Kultivate Labs?
Kultivate Labs is a nonprofit organization situated in San Francisco, California, specifically at 1010 Mission Street. Their primary mission is to enrich the cultural diversity of the city by fostering community and financially supporting local arts and businesses. Kultivate Labs has been recognized for its contributions, earning a YBCA 100 Award and featuring Balay Kreative in KQED. Furthermore, one of their ventures, Undscvrd, reported its most significant sales in its seven-year history. The nonprofit is supported by a team of nine dedicated individuals.
Official website here: www.kultivatelabs.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%
Kultivate Labs has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 51% highlights several areas where the organization falls short, particularly in its governance structure and transparency of financial statements, which received a score of 0 out of 15 points.
Despite these limitations, Kultivate Labs does demonstrate some strengths, such as effective policies in place for conflict of interest, whistleblower protections, and document retention, all of which received full scores. Additionally, the organization appears to manage its programs effectively, achieving a perfect score in program expense ratio, which suggests that funds are being directed towards its mission.
However, the lack of an independent board and limited financial disclosure raises concerns about the long-term sustainability and governance of Kultivate Labs. The absence of independent board members and a failure to publish financial statements on its website may affect donor trust and hinder the organization's ability to attract additional support.
This AI summary has been generated from information found on Charity Navigator.
Is Kultivate Labs legitimate?
Kultivate Labs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kultivate Labs submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $72,000
Professional Fundraising Fees: $21,287
Other Salaries and Wages: $351,796
For more financial information, click here
Official website here: www.kultivatelabs.com
What is the mission statement of Kultivate Labs?
Kultivate Labs aims to enrich cultural diversity by fostering community and financially supporting local arts and businesses. This mission is accomplished through various means, such as recognizing notable initiatives like Kapwa Gardens receiving the YBCA 100 Award and giving visibility to establishments like Balay Kreative through features in KQED. Additionally, the organization has contributed to the success of businesses like Undscvrd, which saw its largest sales in its seven-year history under Kultivate Labs' support.
Official website here: www.kultivatelabs.com
Who is the CEO of Kultivate Labs?
Desi Danganan is the Executive Director of Kultivate Labs.
Official website here: www.kultivatelabs.com
What is the revenue of Kultivate Labs?
Kultivate Labs's revenue in 2022 was $969,028.
Official website here: www.kultivatelabs.com
Who are the executives of Kultivate Labs and what are their salaries?
The average compensation at Kultivate Labs during 2022 was $47,088. There are 9 employees at Kultivate Labs.
Here are 6 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kultivatelabs.com
Where can I find the form 990 for Kultivate Labs?
Kultivate Labs's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kultivatelabs.com
Learn more at the official website: www.kultivatelabs.com
Mission Statement of Kultivate Labs
Kultivate Labs, a nonprofit organization, is dedicated to enriching San Francisco's cultural diversity by fostering community and supporting local arts and businesses. Their mission is multifaceted, aiming to bring together various communities and promote the growth of artistic and entrepreneurial endeavors within the city.
Through their initiatives, Kultivate Labs seeks to create a vibrant and inclusive cultural landscape in San Francisco. They achieve this by funding local arts and businesses, providing a platform for diverse voices and creative expressions, and building strong community connections. This approach allows the city's cultural richness to thrive, benefiting both residents and visitors alike.
One of the ways Kultivate Labs accomplishes its mission is by recognizing and supporting outstanding achievements in the community. For instance, Kultivate Labs awarded KAPWA Gardens with a YBCA 100 Award, highlighting the organization's significant contributions to San Francisco's cultural scene. Additionally, Balay Kreative gained recognition in KQED, showcasing the impact of Kultivate Labs' support on local artists.
Furthermore, businesses under Kultivate Labs' wing have experienced notable success. Undscvrd, a seven-year-old business, reported its largest sales ever, demonstrating the positive impact of Kultivate Labs' funding and community-building efforts on San Francisco's small businesses.
In summary, Kultivate Labs is a nonprofit organization that takes an active role in fostering San Francisco's cultural diversity. By funding arts and local businesses, building community connections, and recognizing outstanding achievements, Kultivate Labs enriches the city's cultural landscape, making it a more vibrant and inclusive place for all.
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Impact
July, 2024
Kultivate Labs is making a significant impact in San Francisco by enriching the city's cultural diversity through community-building initiatives and support for local arts and businesses. Projects like Kapwa Gardens, recognized with a YBCA 100 award, and Balay Kreative, featured in KQED, showcase the organization's dedication to fostering creativity and innovation. Additionally, Undiscovered, which achieved its highest sales in seven years, demonstrates Kultivate Labs' effectiveness in supporting and promoting local enterprises. Through its mission to fund the arts and empower communities, Kultivate Labs is making a tangible difference in San Francisco's cultural landscape.
This information is meant to be a general summary of Kultivate Labs. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9
- Program Service Revenue: $77,600
- Gross Receipts: $992,446
Assets and Liabilities:
- Total Assets: $347,025
- Total Liabilities: $589,910
- Net Assets: -$242,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$77,600
Organization Details
Founding Year
2017
Phone
(415) 215-4869Principal Officer
Desi Danganan
Main Address
1010 MISSION STREET, SAN FRANCISCO, CA, 94117
Website
www.kultivatelabs.comNTEE Category
Code: S30 - Community improvement
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