Creative Minds School Of Arts Inc
- Assets
- $84.9k
- Revenue
- $673.6k
- Investments
- $0.0
- Employees
- 19
- Location
- Tallahassee, FL
- Founding
- Data as of
- 12/2022
- EIN
- 84-4643797
Organization Overview
Creative Minds School Of Arts Inc is located in Tallahassee, FL. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Creative Minds School Of Arts Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Minds School Of Arts 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 Minds School Of Arts Inc generated $673.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $701.2k during the year ending 12/2022. While expenses have increased by 15.8% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES EDUCATION, CHARACTER BUILDING PROGRAMS, LEADERSHIP PROGRAMS, MENTORSHIP,AND COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES TO DISTRESSED COMMUNITIES IN THE STATE OF FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATIVE MINDS SCHOOL OF ARTS INC IS A PRIVATE K-8 EDUCATIONAL INSTITUTION THAT IS COMMITTED TO STUDENT SUCCESS. OUR ORGANIZATION MEASURES STUDENT SUCCESS AND ACCOMPLISHMENTS BY MEETING EACH STUDENT WHERE THEY ARE AND CREATING A COMPREHENSIVE, INDIVIDUAL PLAN FOR ACADEMIC ACHIEVEMENT. STUDENT ACHIEVEMENTS ARE MEASURED BY ACADEMIC PROGRESS PER SUBJECT AREA USING RESEARCH BASED DIAGNOSTIC ASSESSMENTS THAT MEASURE STUDENT GROWTH REGULARLY (STARS AND I READY). THE STUDENTS ARE TESTED 3 TIMES A YEAR. OVER 50 PERCENT OF OUR 55 STUDENTS SHOWED SIGNIFICANT PROGRESS. 25 PERCENT SHOWED GOOD PROGRESS AND APPROXIMATELY 15 PERCENT OF THE STUDENTS SHOWED NO PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zackery Phillips Vice Chairman | Officer | 35 | $0 |
Tawana M Phillips Chairman | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390,301 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,301 |
| Total Program Service Revenue | $283,271 |
| 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 | $673,572 |
| 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. | $72,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,044 |
| Advertising and promotion | $0 |
| Office expenses | $7,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,072 |
| Travel | $27 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,586 |
| Insurance | $21,145 |
| All other expenses | $15,284 |
| Total functional expenses | $701,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,795 |
| 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 | $20,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,936 |
| Accounts payable and accrued expenses | $57,550 |
| 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 | $141,515 |
| Unsecured mortgages and notes payable | $12,000 |
| Other liabilities | $0 |
| Total liabilities | $211,065 |
| Net assets without donor restrictions | -$126,129 |
| 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 | $84,936 |