Creative Capital Foundation
- Assets
- $9.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 31-1605982
Organization Overview
Creative Capital Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Creative Capital Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Capital Foundation 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 Capital Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Creative Capital Foundation has awarded 123 individual grants totaling $3,359,216. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATIVE CAPITAL SUPPORTS INDIVIDUAL ARTISTS' PROJECTS THROUGH AWARDS AND CAREER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY22 CREATIVE CAPITAL FUNDED A NEW COHORT OF 50 AWARDEE PROJECTS. THE ORGANIZATION CONTINUED TO INVEST IN MULTI-YEAR RELATIONSHIPS WITH ARTISTS WHO WERE AWARDEES IN PAST YEARS. CREATIVE CAPITAL CONTINUES TO PROVIDE NON-MONETARY SUPPORT TO AWARDEES IN THE FORM OF CONSULTATIONS AND MEETINGS AT KEY MOMENTS IN THE LIVES OF THE FUNDED PROJECTS BY ASSISTING WITH PLANNING, MARKETING AND DISTRIBUTION. IN FY22, THE ORGANIZATION ALSO CONTINUED TO OFFER SKILLS BUILDING WEBINARS TO CREATIVE CAPITAL AWARDEES AND NON-AWARDEE ARTISTS IN THE SUBJECTS OF FUNDRAISING, PUBLIC RELATIONS, MARKETING, STRATEGIC PLANNING AND SOCIAL MEDIA. ALSO IN FY 22, CREATIVE CAPITAL HOSTED TWO IN-PERSON COMMUNITY BUILDING EVENTS FOR AWARDEES. THESE WERE THE FIRST IN-PERSON CREATIVE CAPITAL EVENTS SINCE THE COVID PANDEMIC BEGAN IN MARCH 2020. CREATIVE CAPITAL ALSO ADMINISTERED THE 2022 HEWLETT 50 ART COMMISSIONS FOR MEDIA ARTS AWARDS AS WELL AS PILOTED A PARTNERSHIP WITH KICKSTARTER TO FUND CREATORS OF COLOR WITH THE CREATIVE CAPITAL X SKOLL CREATORS FUND.THE ARTS WRITERS GRANT PROGRAM MADE 20 NEW GRANTS TO ARTS WRITERS. THE PROGRAM ALSO CONTINUED TO PROVIDE A GROUP OF THEIR GRANT APPLICANTS WITH THE OPPORTUNITY TO MEET WITH ARTS WRITINGS PROFESSIONALS FOR ADVICE AND CONSULTATIONS ON THEIR WORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Kuan President & Executive Dire | Officer | 40 | $196,710 |
Leslie Singer Interim Director/coo | Officer | 40 | $176,554 |
Michael Gibbons Director Of Marketing & Communications | 40 | $109,047 | |
Pradeep Dalal Director Of Arts Writers Grant | 30 | $100,688 | |
Annie Han Chair | OfficerTrustee | 1 | $0 |
Jane Brown Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,533 |
| Related organizations | $0 |
| Government grants | $77,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,486,906 |
| Noncash contributions included in lines 1a–1f | $22,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,576,689 |
| Total Program Service Revenue | $310,676 |
| Investment income | $162,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,931 |
| Net Income from Fundraising Events | -$9,012 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,113,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,500 |
| Grants and other assistance to domestic individuals. | $2,023,297 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $409,270 |
| Compensation of current officers, directors, key employees. | $65,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,673 |
| Pension plan accruals and contributions | $60,094 |
| Other employee benefits | $179,851 |
| Payroll taxes | $130,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,325 |
| Fees for services: Accounting | $26,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,721 |
| Fees for services: Other | $660,498 |
| Advertising and promotion | $26,477 |
| Office expenses | $57,507 |
| Information technology | $79,575 |
| Royalties | $0 |
| Occupancy | $307,971 |
| Travel | $10,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,371 |
| Insurance | $12,291 |
| All other expenses | $0 |
| Total functional expenses | $5,928,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,005,613 |
| Pledges and grants receivable | $488,137 |
| 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 | $88,712 |
| Net Land, buildings, and equipment | $19,386 |
| Investments—publicly traded securities | $5,410,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,082 |
| Total assets | $9,066,763 |
| Accounts payable and accrued expenses | $484,798 |
| Grants payable | $496,377 |
| 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 | $981,175 |
| Net assets without donor restrictions | $1,308,160 |
| Net assets with donor restrictions | $6,777,428 |
| 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 | $9,066,763 |
Grants Awarded
Over the last fiscal year, Creative Capital Foundation has awarded $287,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: INITIAL & INFRASTRUCTURE FUNDING | $25,000 |
Durham, NC PURPOSE: INITIAL & INFRASTRUCTURE FUNDING | $25,000 |
Brooklyn, NY PURPOSE: PROJECT SUPPORT | $25,000 |
Brooklyn, NY PURPOSE: PROJECT SUPPORT | $20,000 |
Omaha, NE PURPOSE: INITIAL & INFRASTRUCTURE FUNDING | $20,000 |
New York, NY PURPOSE: INITIAL & INFRASTRUCTURE FUNDING | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Creative Capital Foundation has recieved totaling $5,214,471.
| Awarding Organization | Amount |
|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: ($1,500,000) GENERAL OPERATING SUPPORT; ($252,461) SUPPORT FOR 9TH YEAR RENT AND EXPENSES | $1,752,461 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: ARTS WRITERS INITIATIVE | $1,190,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO RENEW SUPPORT FOR TWO ROUNDS OF THE CREATIVE CAPITAL AWARDS | $537,500 |
The Skoll Fund Mountain View, CA PURPOSE: KICKSTARTER X CREATIVE CAPITAL BIPOC ARTISTS FUND | $500,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $350,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO RENEW SUPPORT FOR TWO ROUNDS OF THE CREATIVE CAPITAL AWARDS | $322,500 |
Endowment Analysis
| Beg. Balance | $2,145,170 |
| Earnings | -$311,636 |
| Ending Balance | $1,833,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Catholic Family & Community Services Clifton, NJ | $3,341,340 | $18,611,591 |
Dr Gertrude A Barber In Home Services Inc Erie, PA | $4,360,447 | $17,320,654 |
Ao North America Inc Wayne, PA | $10,460,064 | $15,724,733 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |