Create Foundation Inc

Organization Overview

Create Foundation Inc is located in Tupelo, MS. The organization was established in 1972. 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. As of 12/2022, Create Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Create 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 12/2022, Create Foundation Inc generated $17.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $14.7m during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Create Foundation Inc has awarded 48 individual grants totaling $75,346,782. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS AS WELL AS BUILDING PERMANENT COMMUNITY ENDOWMENTS, ENCOURAGING PHILANTHROPY AND MANAGING CHARITABLE FUNDS CONTRIBUTED BY INDIVIDUALS, FAMILIES, ORGANIZATIONS, AND CORPORATIONS, SERVES TO STRENTHEN REGIONAL COMMUNITY DEVELOPMENT CAPACITY, AND PROVIDES LEADERSHIP ON KEY COMMUNITY ISSUES.


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Board, Officers & Key Employees

Name (title)Compensation
Michael K Clayborne
President
$247,444
Kristy Luse
VP - Toyota
$119,028
Juanita Floyd
Senior V.P.
$111,295
Lewis Whitfield
Senior V.P.
$103,419
Mary Childs
Vice Chairma
$0
Lisa Hawkins
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $73,894
All other contributions, gifts, grants, and similar amounts not included above$14,864,139
Noncash contributions included in lines 1a–1f $698,149
Total Revenue from Contributions, Gifts, Grants & Similar$14,938,033
Total Program Service Revenue$32,732
Investment income $2,763,513
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$30,583
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,703,695

Grants Awarded

Over the last fiscal year, Create Foundation Inc has awarded $12,526,940 in support to 6 organizations.

Grant RecipientAmount

DISBURSEMENTS FOR SPECIAL PROJECTS

|

|

$5,329,144

DONOR DIRECTED TO VARIOUS CHARITIES

|

|

$5,137,573

ENDOWMENT FUND DISTRIBUTIONS

|

|

$906,946

DESIGNATED TO VARIOUS CHARITIES

|

|

$884,926

PROGRAM SERVICE DISBURSEMENTS

|

|

$221,136

CREATE UNRESTRICTED GRANTS

|

|

$47,215
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Create Foundation Inc has recieved totaling $512,268.

Awarding OrganizationAmount
Wilemon Foundation Inc

Tupelo, MS

PURPOSE: RELIGIOUS/CHARITABLE

$263,668
United Way Of Northeast Mississippi Inc

Tupelo, MS

PURPOSE: Affordable service to children

$68,125
E Rhodes And Leona B Carpenter Foundation

Radnor, PA

PURPOSE: GENERAL CHARITABLE PURPOSES

$55,000
Community Foundation For Mississippi

Jackson, MS

PURPOSE: GENERAL OPER SUPPORT

$32,500
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$22,744
The Community Foundation For Greater Atlanta Inc

Atlanta, GA

PURPOSE: PHILANTHROPY/VOLUNTARISM

$18,856
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$133,679,844
Earnings-$19,928,555
Net Contributions$2,261,940
Other Expense-$3,314,204
Grants-$1,953,746
Ending Balance$110,745,279

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