Nonprofit · EIN 81-1657251
ISLAND CULTUREZ
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $36,453 | $124,304 | -$87,851 | $181,998 | $2,300 | $179,698 |
| December 31, 2023 | 990-EZ | $150,439 | $234,235 | -$83,796 | $269,850 | $2,300 | $267,550 |
| December 31, 2022 | 990 | $194,947 | $70,693 | $124,254 | $353,646 | $2,300 | $351,346 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $36,453
Expenses
- Compensation of officers, directors and key employees
- $35,771
- Professional fees and payments to contractors
- $93,646
- Occupancy
- $6,830
- Printing, publications and postage
- $1,842
- Other expenses
- $21,986
- Program services (functional)
- $124,304
Balance sheet and other
- Total assets, start of year
- $269,849
- Total assets, end of year
- $181,998
- Total liabilities, end of year
- $2,300
- Net assets, end of year
- $179,698
- Cash, savings and investments
- $143,075
- Land and buildings
- $17,656
- Gross receipts
- $36,453
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Banner | Chief Catalyst | 35 | $35,771 |
| Marcus Hill | Co-Catalyst | 10 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Banner | Chief Catalyst | 35 | $0 |
| Marcus Hill | Co-Catalyst | 10 | $0 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Banner | Chief Catalyst Officer | 35 | $0 |
| Marcus Hill | Co-Catalyst Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 515 N JACKSON AVE, WINSTON SALEM, NC 27101-3325
- In care of
- % MICHAEL BANNER
- Mailing address (990-N for 2021)
- 515 N Jackson Ave, Winston Salem NC 27101
- Principal officer (990-N for 2021)
- Michael Banner, 515 N Jackson Ave, Winston Salem NC 27101
- Signed the 990-EZ
- Marcus Hill, Co-Catalyst
- Website
- islandculturez.org
- Return prepared by
- Faith Bynum CPA PC
Mission
To help build community wealth and well-being in historically marginalized communities around Winston-Salem NC through collective land ownership and agriculture.
Program accomplishments
- Popular Education : Leading dialogue around the community history and recording for base- building purposeExpenses $57,759 · grants $57,759
- Poverty Spotlight: Life mapping a self-determination tool implemented in the community to build community-owned data.Expenses $57,759 · grants $57,759
- Green House ProjectExpenses $8,786 · grants $8,786
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-1657251
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $181,998
- Income (IRS master file)
- $36,453
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $36,453 | $124,304 | $181,998 | XML |
| 990-EZ | December 2023 | $150,439 | $234,235 | $269,850 | XML |
| 990 | December 2022 | $194,947 | $70,693 | $353,646 | XML |
| 990-N for 2021 Officer: Michael Banner | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-1657251).
Questions about ISLAND CULTUREZ
- What is the EIN of ISLAND CULTUREZ?
- The employer identification number (EIN) of ISLAND CULTUREZ is 81-1657251.
- Is ISLAND CULTUREZ tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ISLAND CULTUREZ tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISLAND CULTUREZ file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ISLAND CULTUREZ 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 ISLAND CULTUREZ last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ISLAND CULTUREZ?
- The 990-N for 2021 names Michael Banner.
- Who are the officers and directors of ISLAND CULTUREZ?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $35,771 (Michael Banner, Chief Catalyst).
- How much revenue does ISLAND CULTUREZ have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $36,453, expenses of $124,304 and total assets of $181,998 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Community improvement and capacity building