Nonprofit · EIN 85-2436495
CULTIVATE LEADERSHIP INSTITUTE
Tax-exempt · GREENSBORO, NC 27407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $330,319 | $346,604 | -$16,285 | $255,409 | $218,090 | $37,319 |
| June 30, 2024 | 990-EZ | $165,376 | $191,950 | -$26,574 | $332,479 | $278,876 | $53,603 |
| June 30, 2023 | 990 | $135,415 | $168,325 | -$32,910 | $420,332 | $339,540 | $80,792 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $152,501
- Program service revenue
- $69,349
- Investment income
- $6,544
- Net income from fundraising events
- $44,797
- Other revenue
- $101,925
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $55,860
- Other salaries and wages
- $79,776
- Salaries, compensation and benefits (total)
- $180,349
- Professional fundraising fees
- $0
- Occupancy
- $1,600
- Travel
- $275
- Depreciation
- $82,812
- Program services (functional)
- $243,763
- Management and general (functional)
- $59,286
- Fundraising (functional)
- $43,555
Balance sheet and other
- Total assets, start of year
- $332,479
- Total assets, end of year
- $255,409
- Total liabilities, end of year
- $218,090
- Net assets, end of year
- $37,319
- Gross receipts
- $351,194
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Freeman | President Officer, Highest-paid employee | 40 | $55,860 |
| Tyresa Foster | Secretary Academic Director Officer, Key employee | 40 | $45,270 |
| Jeff Karnes | Board Member Trustee or director | 1 | $8,121 |
| Austin Anthony | Controller Treasurer Trustee or director | 2 | $5,000 |
| Rachel Bennet | Board Member Trustee or director | 0 | $0 |
| Matt Ketterman | Board Member Trustee or director | 0 | $0 |
| David Crockett | Board Member Trustee or director | 0 | $0 |
| Zac Currence | Board Member Trustee or director | 0 | $0 |
990-EZ for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Freeman | President | 40 | $54,180 |
| Tyresa Foster | Secretary | 40 | $47,100 |
| Austin Anthony | Controller | 5 | $10,000 |
| Rachel Bennet | Director | 1 | $0 |
| Matthew Ketterman | Director | 1 | $0 |
| David Crockett | Director | 1 | $0 |
| Zac Currence | Director | 1 | $0 |
| Patrick Tweksbury | Director | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC FREEMAN | PRESIDENT Trustee or director, Officer | 40 | $0 | $69,215 | $32,625 |
| TYRESA FOSTER | SECRETARY Trustee or director, Officer | 40 | $0 | $45,159 | $0 |
| RACHEL BENNETT | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| DAVID CROCKETT | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| ZAC CURRENCE | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| MATT KETTERMAN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| PATRICK TEWKSBURY | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| AUSTIN ANTHONY | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1806 MERRITT DR, GREENSBORO, NC 27407-4428
- In care of
- % ERIC FREEMAN
- Mailing address (990-N for 2020)
- 1806 Merritt Drive, Greensboro NC 27407
- Principal officer (990 for 2024)
- Eric Freeman, 1806 MERRITT DR, GREENSBORO, NC 27407
- Principal officer (990-N for 2020)
- Christopher Worel, 1806 Merritt Drive, Greensboro NC 27407
- Signed the 990
- Austin Anthony, Treasurer
- Phone
- (336) 790-2202
- Website
- www.cultivateleader.com
Mission
We equip individuals to become mature healthy leaders through instruction training and guidance.
Program accomplishments
- Learning management system for in-house curriculum and white labeled for other Christian organizations to use.Expenses $165,160 · revenue $13,693
- 1-2 year Christian leadership curriculum designed to teach and empower students with Christian leadership principals.Expenses $78,603 · revenue $55,656
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-2436495
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $255,409
- Income (IRS master file)
- $351,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $330,319 | $346,604 | $255,409 | IRS |
| 990-EZ | June 2024 | $165,376 | $191,950 | $332,479 | IRS |
| 990 | June 2023 | $135,415 | $168,325 | $420,332 | XML |
| 990 | June 2022 | $50,094 | $51,199 | $500,019 | IRS |
| 990 | December 2021 | $181,897 | $60,935 | $503,541 | IRS |
| 990-N for 2020 Officer: Christopher Worel | December 31, 2020 | ≤ $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 85-2436495).
Questions about CULTIVATE LEADERSHIP INSTITUTE
- What is the EIN of CULTIVATE LEADERSHIP INSTITUTE?
- The employer identification number (EIN) of CULTIVATE LEADERSHIP INSTITUTE is 85-2436495.
- Is CULTIVATE LEADERSHIP INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CULTIVATE LEADERSHIP INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CULTIVATE LEADERSHIP INSTITUTE 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 LEADERSHIP INSTITUTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CULTIVATE LEADERSHIP INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CULTIVATE LEADERSHIP INSTITUTE?
- The 990 for the year ended June 30, 2025 names Eric Freeman.
- Who are the officers and directors of CULTIVATE LEADERSHIP INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 8 people; 4 received compensation from the organization, the highest $55,860 (Eric Freeman, President).
- How much revenue does CULTIVATE LEADERSHIP INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $330,319, expenses of $346,604 and total assets of $255,409 at year end.
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