Creative Life Incorporated
- Assets
- $500.1k
- Revenue
- $528.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Memphis, TN
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 58-1807217
Organization Overview
Creative Life Incorporated is located in Memphis, TN. The organization was established in 1989. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Creative Life Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Life Incorporated 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 Life Incorporated generated $528.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $526.4k 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
TO EDUCATE CHILDREN THRU EDUCATIONAL, RECREATIONAL,INSPIRATIONAL,MOTIVATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERED WITH EDUCATION SAVINGS ACCOUNT TO OFFER STUDENTS FREE TUITION AND UNIFORMS. PROVIDED 6-WEEK SUMMER ENRICHMENT PROGRAM. PROVIDED DAILY MEALS INCLUDING BREAKFAST LUNCH AND SUPPER YEAR ROUND. MADE AVAILABLE TWO LICENSED/CERTIFIED COUNSELORS TO ASSIST CHILDREN GOING THROUGH SOCIAL AND EMOTIONAL TRAUMA. PROVIDED 21ST CENTURY STEM LEARNING LAB YEAR ROUND FOR ALL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Cummings Board Chairman | Trustee | 1 | $0 |
Carolyn Bibbs President CEO | Officer | 40 | $73,333 |
Willean Lee Executive Administrator | Officer | 40 | $53,333 |
Norma Barrett Treasurer | Officer | 1 | $0 |
Joyce Duncan Board Member | Trustee | 1 | $0 |
Vinvecca Gray Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,572 |
| Related organizations | $0 |
| Government grants | $162,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,028 |
| Total Program Service Revenue | $0 |
| Investment income | $131 |
| 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 | $528,014 |
| 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. | $126,666 |
| Compensation of current officers, directors, key employees. | $126,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,149 |
| Advertising and promotion | $881 |
| Office expenses | $10,656 |
| Information technology | $2,675 |
| Royalties | $0 |
| Occupancy | $71,408 |
| Travel | $3,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,714 |
| Insurance | $20,392 |
| All other expenses | $7,194 |
| Total functional expenses | $526,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $135,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $157,344 |
| Other assets | $0 |
| Total assets | $500,077 |
| Accounts payable and accrued expenses | $7,382 |
| 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 | $20,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,423 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $472,654 |
| Total liabilities and net assets/fund balances | $500,077 |