Nonprofit · EIN 32-0488937
CULTIVATE
Tax-exempt · GROVE CITY, OH 43123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $106,027 | $116,401 | -$10,374 | $0 | $0 | $0 |
| December 31, 2023 | 990 | $247,027 | $246,466 | $561 | $15,214 | $4,840 | $10,374 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $103,027
- of which government grants
- $90,798
- Membership dues
- $900
- Program service revenue
- $3,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $66,187
- Salaries, compensation and benefits (total)
- $72,150
- Professional fundraising fees
- $0
- Accounting fees
- $30
- Occupancy
- $10,550
- Program services (functional)
- $115,943
- Management and general (functional)
- $458
Balance sheet and other
- Total assets, start of year
- $15,214
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $106,027
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rick Hulse | Chairman-Trustee Trustee or director, Officer | 2 | $0 |
| Matthew Yerkes | Executive Director Trustee or director, Officer | 25 | $0 |
| Allen Houk | Trustee Trustee or director, Officer | 1 | $0 |
| Gary Ross | Trustee Trustee or director | 1 | $0 |
| Jason Hipsher | Trustee Trustee or director | 1 | $0 |
| Kyle Rausch | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rick Hulse | Chairman-Trustee Trustee or director, Officer | 2 | $0 |
| Matthew Yerkes | Executive Director Trustee or director, Officer | 25 | $0 |
| Allen Houk | Trustee Trustee or director, Officer | 1 | $0 |
| Lori Eisel | Trustee Trustee or director | 1 | $0 |
| Gary Ross | Trustee Trustee or director | 1 | $0 |
| Kristy Campbell | Trustee Trustee or director | 1 | $0 |
| Jason Hipsher | Trustee Trustee or director | 1 | $0 |
| Larry Pliskin | Trustee Trustee or director | 1 | $0 |
| Kyle Rausch | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3989 BROADWAY, GROVE CITY, OH 43123-2639
- In care of
- % MATTHEW YERKES
- Principal officer (990 for 2024)
- Matthew B Yerkes, 2746 Clark Drive, Grove City, OH 43123
- Signed the 990
- Matthew B Yerkes, Executive Director
- Phone
- (614) 594-0046
- Website
- www.cultivatesmb.com
- Return prepared by
- Houk CPA LLC
Mission
To foster entrepreneurial growth by providing a work space, technology, and professional guidance for start-up companies.
Program accomplishments
- The organization assisted 375 clients in 2024.Expenses $115,943
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0488937
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Income (IRS master file)
- $106,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $106,027 | $116,401 | $0 | IRS |
| 990 | December 2023 | $247,027 | $246,466 | $15,214 | XML |
| 990 | December 2022 | $316,516 | $309,470 | $20,955 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0488937).
Questions about CULTIVATE
- What is the EIN of CULTIVATE?
- The employer identification number (EIN) of CULTIVATE is 32-0488937.
- Is CULTIVATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to CULTIVATE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CULTIVATE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CULTIVATE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CULTIVATE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CULTIVATE?
- The 990 for the year ended December 31, 2024 names Matthew B Yerkes.
- Who are the officers and directors of CULTIVATE?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does CULTIVATE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $106,027, expenses of $116,401 and total assets of $0 at year end.
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All nonprofits in GROVE CITY · Ohio · Community improvement and capacity building