Global Center For Culturalentrepreneurship
- Assets
- $508.3k
- Revenue
- $821.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Santa Fe, NM
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 26-0718018
Organization Overview
Global Center For Culturalentrepreneurship, operating under the name Creative Startups, is located in Santa Fe, NM. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Creative Startups employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Startups 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 Startups generated $821.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $723.2k during the year ending 06/2022. While expenses have increased by 9.4% 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
CREATIVE STARTUPS PURPOSE IS TO SUPPORT CREATIVE AND CULTURAL ENTREPRENEURS WHILE WORKING TO CREATE AND SCALE THEIR ENTERPRISES, BY ADVOCATING FOR THE IMPORTANCE OF CREATIVE AND CULTURAL ENTREPRENEURSHIP, THE ORGANIZATION PLACES A HIGH VALUE ON STARTUP ECO-SYSTEMS THAT CONNECT GLOBAL NETWORKS OF CULTURAL AND CREATIVE ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HOSTED AN ONLINE DO-IT-YOURSELF ENTREPRENEURSHIP PROGRAM TO HELP CREATIVE ENTREPRENEURS ADAPT TO AND SURVIVE THE ECONOMIC DOWNTURN OF THE PANDEMIC. WE PROVIDED 10 LIBRARIES WITH ENTREPRENEURSHIP RESOURCES FOR THEIR ONLINE PATRONS. WE COUNTED WORKSHOPS AND SUPPORT SERVICES FOR NATIVE AMERICAN ENTREPRENEURS. WE HOSTED 4 ENTREPRENEURSHIP PROGRAMS ONLINE FOR ENTREPRENEURS IN RURAL COMMUNITIES. WE PROVIDED ONLINE WORKSHOPS TO HELP ENTREPRENEURS RAISE FINANCING. WE MOVED ALL OF OUR EDUCATION PROGRAMS ONLINE AND REBUILT OUR ONLINE LEARNING SYSTEM TO BETTER MEETS THE NEEDS OF ENTREPRENEURS WHO, DUE TO THE PANDEMIC, HAD TO ATTEND OUR COURSES ON ZOOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Loy Executive Di | Officer | 40 | $96,738 |
Bob Borden Secretary | OfficerTrustee | 1.5 | $0 |
Miriam Diddy Director | Trustee | 1.5 | $0 |
Lee Francis Director | Trustee | 1.5 | $0 |
Adrienne Harris Director | Trustee | 1.5 | $0 |
Denise Love Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,409 |
| Total Program Service Revenue | $174,085 |
| Investment income | $5 |
| 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 | $821,438 |
| 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. | $99,096 |
| Compensation of current officers, directors, key employees. | $9,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,167 |
| Advertising and promotion | $39,873 |
| Office expenses | $14,805 |
| Information technology | $16,657 |
| Royalties | $0 |
| Occupancy | $25,531 |
| Travel | $66,886 |
| 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 | $3,729 |
| Insurance | $5,104 |
| All other expenses | $7,216 |
| Total functional expenses | $723,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $20,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,795 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,950 |
| Net Land, buildings, and equipment | $5,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,522 |
| Other assets | $600 |
| Total assets | $508,268 |
| Accounts payable and accrued expenses | $11,718 |
| 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 | $11,718 |
| Net assets without donor restrictions | $471,550 |
| Net assets with donor restrictions | $25,000 |
| 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 | $508,268 |