Creative Enterprise Zone
- Assets
- $256.5k
- Revenue
- $269.5k
- Investments
- $0.0
- Employees
- 1
- Location
- St Paul, MN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 47-3199574
Organization Overview
Creative Enterprise Zone is located in St Paul, MN. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Enterprise Zone 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, Creative Enterprise Zone generated $269.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $346.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATIVE ENTERPRISE ZONE'S (CEZ'S) MISSION IS TO ATTRACT AND SUPPORT CREATIVE PEOPLE AND BUSINESSES TO MAKEITHERE CEZMSP. LOCATED BETWEEN PRIOR AVENUE AND THE BOUNDARY BETWEEN MINNEAPOLIS AND SAINT PAUL ALONG THE GREEN LINE, WE ENVISION THE ZONE AS A THRIVING DISTRICT OF CREATIVITY AND INNOVATION CENTERED IN AN EQUITABLE AND JUST COMMUNITY OF ECONOMIC AND ENVIRONMENTAL WELL-BEING. WE APPLY COMMUNITY IMAGINATION TO FOSTER AND IMPROVE PLACE DEVELOPMENT WITH A CREATIVE DESTINATION WITH 60+ OUTDOOR MURALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE SERVICES: WE RECRUIT CREATIVE ENTREPRENEURS, ARTISTS AND MAKERS TO THE DISTRICT, AND COLLABORATE WITH LANDLORDS TO PREVENT DISPLACEMENT AND ENCOURAGE PRESERVATION OF FAIR AND AFFORDABLE CREATIVE SPACES. WE ADMINISTER PROPERTY IMPROVEMENT GRANTS AND LOANS TO CREATIVE BUSINESSES IN THE DISTRICT AND PARTNER WITH THE TAPROOT INVESTMENT COOPERATIVE TO ACQUIRE COMMERCIAL BUILDINGS TO EXPAND OWNERSHIP AND COMMUNITY CONTROL OF REAL ESTATE AS A LONG-TERM ANTI-DISPLACEMENT STRATEGY.
PUBLIC SPACES: WE COLLABORATE ON INITIATIVES TO IMPROVE PUBLIC HEALTH, BEAUTY, SAFETY AND THE ENVIRONMENT BY IMPLEMENTING PROGRAMS THAT EXPAND THE URBAN TREE CANOPY (THE 100 TREES INITIATIVE), CREATE NEW PARKS AND PLACES TO CONNECT, AND LEAD A NEIGHBORHOOD-WIDE CONVERSATION ABOUT THE ENVIRONMENT AND OUR PUBLIC SPACES.
CHROMA ZONE MURAL AND ARTS FESTIVAL: WE PRODUCE AN ANNUAL FESTIVAL WHICH FOCUSES ON THE CREATION OF LARGE OUTDOOR MURALS ON BUILDINGS, ALONG WITH COMMUNITY-LED EVENTS AND ARTS PROGRAMS. OUR GOALS ARE TO RAISE THE PROFILE OF THE GROWING DISTRICT, SUPPORT AND CONNECT CREATIVES WHO WORK AND LIVE HERE, AND CONTRIBUTE TO THE LONG-TERM BEAUTY, ECONOMIC VITALITY, SAFETY AND WALKABILITY OF THE CREATIVE ENTERPRISE ZONE.
CITY OF SAINT PAUL NEIGHBORHOOD STAR PROGRAM: WE ADMINISTER PROPERTY IMPROVEMENT GRANTS AND LOANS REIMBURSABLE THROUGH THE CITY OF SAINT PAUL TO HELP CREATIVE BUSINESSES RESPOND TO COVID-RELATED CHANGES AND MAKE CAPITAL IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Reid Day Board Chair | OfficerTrustee | 2 | $0 |
Stephen Klimek Board Vice C | OfficerTrustee | 4 | $0 |
Vince Netz Board Treasu | OfficerTrustee | 4 | $0 |
Pat Thompson Board Secret | OfficerTrustee | 4 | $0 |
Hibo Abdi Board Member | Trustee | 2 | $0 |
Sandy Boss Febbo Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,468 |
| Total Program Service Revenue | $4,706 |
| Investment income | $66 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $269,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,696 |
| Compensation of current officers, directors, key employees. | $18,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,923 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,273 |
| Advertising and promotion | $6,701 |
| Office expenses | $1,361 |
| Information technology | $1,822 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $1,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,622 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,323 |
| All other expenses | $118,048 |
| Total functional expenses | $346,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $170,000 |
| 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 | $1,083 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $256,545 |
| Accounts payable and accrued expenses | $24,135 |
| Grants payable | $0 |
| 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 | $31,446 |
| Other liabilities | $902 |
| Total liabilities | $56,483 |
| Net assets without donor restrictions | $93,562 |
| Net assets with donor restrictions | $106,500 |
| 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 | $256,545 |
Grants Awarded
Over the last fiscal year, Creative Enterprise Zone has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIAL IMPACT STRATEGIES GROUP PURPOSE: CHARITABLE | $10,000 |
CELTIC JUNCTION ARTS CENTER PURPOSE: CHARITABLE | $10,000 |