Creative World Inc
- Assets
- $169.4k
- Revenue
- $316.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Van Nuys, CA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 95-4351317
Organization Overview
Creative World Inc is located in Van Nuys, CA. The organization was established in 1994. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Creative World Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative World 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 06/2022, Creative World Inc generated $316.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $316.0k during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 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
PROVIDE CHILD CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL CHILD CARE AND DEVELOPMENT PROGRAM IS FUNDED BY FEDERAL AND STATE FUNDS. CREATIVE WORLD, INC. PROVIDES A QUALITY EDUCATION BY DEVELOPING THE CHILDREN'S PERCEPTION, THINKING, AND LANGUAGE SKILLS IN A GROUP SETTING AND ALLOWING RECREATIONAL INTERACTION BETWEEN CHILDREN WITH SUPERVISED PLAY ACTIVITIES. DURING FISCAL YEAR ENDED JUNE 30, 2022, CREATIVE WORLD, INC. WAS IN OPERATION FOR 247 DAYS WITH A TOTAL ADJUSTED DAYS OF ENROLLMENT OF APPROXIMATELY 5046.95 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Troncone Lomeli Board Member/program Director | OfficerTrustee | 40 | $85,440 |
Stacie Santoya President | Trustee | 0.02 | $0 |
Carrie Ventrella Sec/treas | Trustee | 0.02 | $0 |
Connie Bergstrom Board Member | Trustee | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,069 |
| 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 | $290,069 |
| Total Program Service Revenue | $0 |
| 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 | $316,017 |
| 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. | $85,440 |
| Compensation of current officers, directors, key employees. | $9,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,847 |
| Payroll taxes | $6,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,891 |
| All other expenses | $0 |
| Total functional expenses | $316,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,684 |
| Savings and temporary cash investments | $18,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,114 |
| 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 | $169,412 |
| Accounts payable and accrued expenses | $83,556 |
| Grants payable | $0 |
| Deferred revenue | $23,400 |
| 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 | $56,392 |
| Total liabilities | $163,348 |
| Net assets without donor restrictions | $6,064 |
| 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 | $169,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
Kidango Inc Fremont, CA | $26,486,098 | $60,250,017 |
Wu Yee Childrens Services San Francisco, CA | $6,752,580 | $40,253,785 |
Community Child Care Coordinating Council Of Alameda County Hayward, CA | $5,365,652 | $37,609,581 |
Pathways La Los Angeles, CA | $7,866,630 | $33,308,303 |
Community Child Care Council Of Sonoma County Inc Santa Rosa, CA | $6,379,645 | $25,248,101 |
Bananas Incorporated Oakland, CA | $7,952,890 | $24,289,933 |
Central Valley Childrens Services Network Fresno, CA | $5,032,577 | $21,440,109 |
Creative Alternatives Turlock, CA | $16,460,273 | $17,191,691 |
Central California Child Development Services Ceres, CA | $5,867,759 | $17,911,125 |
Child Care Coordinating Council Of San Mateo County Inc Redwood City, CA | $6,695,792 | $17,903,623 |
Sjb Child Development Centers San Jose, CA | $5,435,445 | $16,724,123 |