Crea Foundation Inc
- Assets
- $569.1k
- Revenue
- $538.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2023
- EIN
- 85-3787409
Organization Overview
Crea Foundation Inc is located in Indianapolis, IN. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crea Foundation 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 12/2023, Crea Foundation Inc generated $538.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.9% each year . All expenses for the organization totaled $258.0k 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
THROUGH STRATEGIC PARTNERSHIPS, CREA FOUNDATION SEEKS TO IMPROVE THE LIVES OF YOUTH AND YOUNG ADULTS FACING FINANCIAL BARRIERS TO SUCCESS IN THE COMMUNITIES WE SERVE BY CREATING OPPORTUNITIES TO FURTHER THEIR LEARNING, DEVELOPMENT AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE, HOLD, ADMINISTER, AND EXPENSE RESOURCES TO SUPPORT AND FUND SCHOLARSHIPS OR GRANTS TO RESIDENTS OF LOW-INCOME HOUSING COMMUNITIES
RAISE, HOLD, ADMINISTER, AND EXPENSE RESOURCES TO SUPPORT AND FUND SCHOLARSHIPS OR GRANTS TO RESIDENTS OF LOW-INCOME HOUSING COMMUNITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvetta Jideonwo Executive Di | OfficerTrustee | 30 | $0 |
Charles Anderson Member | Trustee | 1 | $0 |
Tony Bertoldi Member | Trustee | 1 | $0 |
Stefanie Brown Member | Trustee | 1 | $0 |
Kyle Malone Member | Trustee | 1 | $0 |
Pam Mcintyre Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $126,365 |
| Related organizations | $197,146 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,092 |
| Total Program Service Revenue | $0 |
| Investment income | $16,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$54,591 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,038 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $10,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $848 |
| Office expenses | $6,484 |
| Information technology | $269 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,250 |
| All other expenses | $6,684 |
| Total functional expenses | $258,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,115 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $569,091 |
| Accounts payable and accrued expenses | $266,788 |
| 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 | $0 |
| Other liabilities | $65,000 |
| Total liabilities | $331,788 |
| Net assets without donor restrictions | $237,303 |
| 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 | $569,091 |
Grants Awarded
Over the last fiscal year, Crea Foundation Inc has awarded $520,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY FOUNDATION INC PURPOSE: SCHOLARSHIPS | $260,000 |
CALIFORNIA STATE UNIVERSITYNORTHRIDGE FOUNDATION PURPOSE: SCHOLARSHIPS | $260,000 |