Creative Foundation
- Assets
- $235.5k
- Revenue
- $386.6k
- Investments
- $119.4k
- Employees
- 0
- Location
- North Mankato, MN
- Founding
- 07/1975
- Data as of
- 12/2022
- EIN
- 23-7456793
Organization Overview
Creative Foundation is located in North Mankato, MN. The organization was established in 1975. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Creative Foundation 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, Creative Foundation generated $386.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 61.4% each year . All expenses for the organization totaled $190.6k during the year ending 12/2022. While expenses have increased by 44.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Peterson Jr President | 0.01 | $0 | |
Kristin Peterson Cain Treasurer/secretary | 0.01 | $0 | |
Rod Meyer Trustee | 0.01 | $0 | |
Timothy Cain Trustee | 0.01 | $0 | |
Timothy Peterson Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $386,551 |
| Interest on Savings | $4 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18 |
| Capital Gain Net Income | $18 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $386,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20 |
| Printing and publications | $0 |
| Other expenses | $187,038 |
| Total operating and administrative expenses | $190,630 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $190,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,648 |
| Savings and temporary cash investments | $1,482 |
| 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 | $28,930 |
| 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 | $235,460 |
| 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 |