The Creative Coast Inc
- Assets
- $395.0k
- Revenue
- $300.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Savannah, GA
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 58-2234133
Organization Overview
The Creative Coast Inc is located in Savannah, GA. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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 Coast 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, Creative Coast Inc generated $300.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $302.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE THE MEMBERS OF THE SAVANNAH COMMUNITY ENGAGED IN CREATIVE OR INNOVATIVE ENDEAVORS AND TO CULTIVATE AN ENVIRONMENT IN WHICH THEY CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SEE A SAVANNAH THAT IS CREATIVE, INNOVATIVE AND PROGRESSIVE, FROM GOVERNMENT AND EDUCATION TO BUSINESS AND COMMUNITY DEVELOPMENT. WE ENVISION A SAVANNAH THAT, AS THE HUB AND ECONOMIC CENTER OF "THE CREATIVE COAST", IS AN ALL-INCLUSIVE, MULTI-CULTURAL COMMUNITY THAT TREASURES ITS PAST BUT LOOKS TO THE FUTURE BY FOSTERING A DYNAMIC CLIMATE FOR CREATIVE, KNOWLEDGE-BASED JOBS, ALONGSIDE TRADITIONAL ECONOMIC SECTORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Collins Board Chairman | OfficerTrustee | 5 | $0 |
Robert Cordasco Treasurer | OfficerTrustee | 5 | $0 |
Murem Sharpe Vice Chairman | OfficerTrustee | 5 | $0 |
Jennifer Bonnett Executive Director | OfficerTrustee | 40 | $38,884 |
Robert Gaad Director | Trustee | 5 | $0 |
Mary Anne Beil Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,487 |
| Total Program Service Revenue | $140,246 |
| Investment income | $0 |
| 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 | $300,733 |
| 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. | $38,884 |
| Compensation of current officers, directors, key employees. | $19,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,125 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,822 |
| Office expenses | $3,118 |
| Information technology | $18,238 |
| Royalties | $0 |
| Occupancy | $46,499 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,586 |
| Insurance | $3,008 |
| All other expenses | $0 |
| Total functional expenses | $302,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,916 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,471 |
| Other assets | $51,322 |
| Total assets | $394,992 |
| Accounts payable and accrued expenses | $0 |
| 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 | $113,530 |
| Other liabilities | $204,268 |
| Total liabilities | $317,798 |
| Net assets without donor restrictions | $77,194 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $394,992 |