Corporate Creations Foundation Inc
- Assets
- $222.7k
- Revenue
- $189.6k
- Investments
- $126.9k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-8077460
Organization Overview
Corporate Creations Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporate Creations Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Corporate Creations Foundation Inc generated $189.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Corporate Creations Foundation Inc has awarded 47 individual grants totaling $1,768,859. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS MADE CONTRIBUTIONS TO SEVERAL PUBLIC CHARITIES IN 2023.
THE FOUNDATION CONTRIBUTED APPROXIMATELY 90% OF ITS ASSETS TO CORPORATE CREATIONS GIVING INC, A 501(C)(4) CHARITY ON DECEMBER 11, 2023. THESE ASSETS ARE TO BE USED IN CORPORATE CREATIONS GIVING INC'S CHARITABLE PURPOSES AND WILL NOT BE USED FOR ANY POLITICAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank A Rodriguez Pres, Treas | 1 | $2,100 | |
Kellyn A Hall Director | 1 | $2,100 | |
Dillon Hall-Rodriguez Director | 1 | $2,100 | |
Riley Hall-Rodriguez Director | 1 | $2,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,706 |
| Dividends & Interest | $183,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $401 |
| Total operating and administrative expenses | $26,945 |
| Contributions, gifts, grants paid | $1,492,083 |
| Total expenses and disbursements | $1,519,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,848 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $222,728 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Corporate Creations Foundation Inc has awarded $1,492,083 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE SNOW SCHOLARSHIP FOUNDATION PURPOSE: EDUCATIONAL SCHOLARSHIPS | $10,000 |
FRIEDREICH'S ATAXIA RESEARCH ALLIAN PURPOSE: CURING FRIEDREICH'S ATAXIA THROUGH RESEARCH | $10,000 |
JACK THE BIKE MAN PURPOSE: PROVIDE COMMUNITY WITH ACCESS TO BICYCLES, EDUCATION AND SAFETY | $100 |
DOCTORS WITHOUT BORDERS USA PURPOSE: PROVIDING MEDICAL CARE TO PEOPLE AFFECTED BY CONFLICT, DISASTERS, EPIDEMICS AND SOCIAL EXCLUSION | $1,000 |
THE SEEING EYE PURPOSE: ENHANCE THE INDEPENDENCE, DIGNITY AND SELF CONFIDENCE OF BLIND PEOPLE THROUGH THE USE OF SEEING EYE DOGS | $1,000 |
WORLD YOUTH INTERNATIONAL PURPOSE: PROVIDE ACCESS TO BASIC HEALTH SERVICES AND EDUCATION TO PEOPLE IN NEED AROUND THE GLOBE | $12,000 |