Creative Capital Foundation
- Assets
- $12.7m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 21
- Location
- New York, NY
- Founding
- 07/1998
- Data as of
- 06/2023
- EIN
- 31-1605982
Organization Overview
Creative Capital Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Creative Capital Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Capital 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 06/2023, Creative Capital Foundation generated $9.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Creative Capital Foundation has awarded 131 individual grants totaling $3,549,216. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATIVE CAPITAL SUPPORTS INDIVIDUAL ARTISTS' PROJECTS THROUGH AWARDS AND CAREER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY23 CREATIVE CAPITAL FUNDED A NEW COHORT OF 50 AWARDEE PROJECTS. THE ORGANIZATION CONTINUED TO INVEST IN MULTI-YEAR RELATIONSHIPS WITH ARTISTS WHO WERE AWARDEES IN PAST YEARS. CREATIVE CAPITAL CONTINUES TO PROVIDE NON-MONETARY SUPPORT TO AWARDEES IN THE FORM OF CONSULTATIONS AND MEETINGS AT KEY MOMENTS IN THE LIVES OF THE FUNDED PROJECTS BY ASSISTING WITH PLANNING, MARKETING AND DISTRIBUTION. IN FY23, THE ORGANIZATION PILOTED A NEW SKILLS BUILDING PROGRAM FOR CREATIVE CAPITAL AWARDEES AND NON-AWARDEE ARTISTS. ALSO IN FY23, CREATIVE CAPITAL HOSTED A THREE DAY IN-PERSON COMMUNITY BUILDING EVENT FOR AWARDEES, DONORS AND INDUSTRY CONSULTANTS. CREATIVE CAPITAL COMPLETED THE ADMINISTRATION OF THE GRANT CYCLE FOR THE HEWLETT FOUNDATION ARTS COMMISSION (50C) IN THE MEDIA ARTS AWARDS. THE PARTNERSHIP WITH KICKSTARTER TO FUND CREATORS OF COLOR CONTINUED WITH ADDITIONAL SUPPORT FROM THE ANDREW W. MELLON FOUNDATION. THE ARTS WRITERS GRANTS PROGRAM MADE 20 NEW GRANTS TO ARTS WRITERS AND RELEASED THE FIRST VOLUME OF THEIR PAMPHLET SERIES, "COOKIE JAR".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Browne Chair | OfficerTrustee | 1 | $0 |
Emi Kolawole Secretary | OfficerTrustee | 1 | $0 |
Lyda Kuth Treasurer | OfficerTrustee | 1 | $0 |
Colleen Jennings- Roggensack Vice Chair | OfficerTrustee | 1 | $0 |
Edgar Arceneaux Director | Trustee | 1 | $0 |
Sunny Bates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,109 |
| Related organizations | $0 |
| Government grants | $103,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,043,532 |
| Noncash contributions included in lines 1a–1f | $2,045,986 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,285,221 |
| Total Program Service Revenue | $62,500 |
| Investment income | $171,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,562 |
| Net Income from Fundraising Events | -$126,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,492,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $312,000 |
| Grants and other assistance to domestic individuals. | $2,551,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $75,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $511,056 |
| Compensation of current officers, directors, key employees. | $79,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,216,992 |
| Pension plan accruals and contributions | $31,296 |
| Other employee benefits | $202,515 |
| Payroll taxes | $125,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,389 |
| Fees for services: Accounting | $36,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,084 |
| Fees for services: Other | $616,080 |
| Advertising and promotion | $15,299 |
| Office expenses | $104,301 |
| Information technology | $73,476 |
| Royalties | $0 |
| Occupancy | $316,829 |
| Travel | $45,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,747 |
| Insurance | $12,693 |
| All other expenses | $0 |
| Total functional expenses | $6,737,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,744,154 |
| Pledges and grants receivable | $3,307,477 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,725 |
| Net Land, buildings, and equipment | $20,317 |
| Investments—publicly traded securities | $6,707,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $802,493 |
| Total assets | $12,677,135 |
| Accounts payable and accrued expenses | $227,379 |
| Grants payable | $430,935 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $897,884 |
| Total liabilities | $1,556,198 |
| Net assets without donor restrictions | $1,205,847 |
| Net assets with donor restrictions | $9,915,090 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,677,135 |
Grants Awarded
Over the last fiscal year, Creative Capital Foundation has awarded $307,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
VIVER BRASIL DANCE COMPANY PURPOSE: PROJECT SUPPORT | $20,000 |
THE TANK LTD PURPOSE: PROJECT SUPPORT | $15,000 |
THE MUSEUM OF HUMAN ACHIEVEMENT PURPOSE: PROJECT SUPPORT | $25,000 |
UNIONDOCS PURPOSE: PROJECT SUPPORT | $15,000 |
JANE PLACE NEIGHBORHOOD SUSTAINABILITY INITIATIVE PURPOSE: PROJECT SUPPORT | $20,000 |
SCAPEGOAT GARDEN INC PURPOSE: PROJECT SUPPORT | $20,000 |