Creative Time Inc
- Assets
- $4.0m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 26
- Location
- New York, NY
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 13-2835847
Organization Overview
Creative Time Inc is located in New York, NY. The organization was established in 1976. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Creative Time Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Time 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 Time Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 6 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
CREATIVE TIME COMMISSIONS, PRODUCES AND PRESENTS TEMPORARY PUBLIC ARTS PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Neidich Board Chair | OfficerTrustee | 5 | $0 |
Francesca Campbell Treasurer | OfficerTrustee | 4 | $0 |
Philip Aarons Board Member | Trustee | 3 | $0 |
Waris Ahluwalia Board Member | Trustee | 3 | $0 |
Suzanne Cochran Board Member | Trustee | 3 | $0 |
Sofia Hernandez Chong Cuy Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acomb Ostendorf And Associates Entertain Engineering & Mechanical Design | 12/30/22 | $599,734 |
Stronghold Industries Llc Artwork Fabrication & Construction | 12/30/22 | $703,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,200 |
| Fundraising events | $68,294 |
| Related organizations | $0 |
| Government grants | $267,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,134,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,476,813 |
| Total Program Service Revenue | $0 |
| Investment income | $5,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $273,925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,772,610 |
| 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. | $237,942 |
| Compensation of current officers, directors, key employees. | $31,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $949,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,237 |
| Payroll taxes | $80,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $964 |
| Fees for services: Other | $140,646 |
| Advertising and promotion | $27,661 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,002 |
| Travel | $0 |
| 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 | $22,728 |
| Insurance | $25,292 |
| All other expenses | $0 |
| Total functional expenses | $5,081,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,545 |
| Savings and temporary cash investments | $1,255,216 |
| Pledges and grants receivable | $1,097,192 |
| 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 | $23,855 |
| Net Land, buildings, and equipment | $592,049 |
| Investments—publicly traded securities | $310,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,995,835 |
| Accounts payable and accrued expenses | $574,036 |
| 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 | $0 |
| Total liabilities | $574,036 |
| Net assets without donor restrictions | $954,508 |
| Net assets with donor restrictions | $2,467,291 |
| 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 | $3,995,835 |