Creativefuture Inc
- Assets
- $1.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Los Angeles, CA
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 45-1647569
Organization Overview
Creativefuture Inc is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Creativefuture Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creativefuture Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Creativefuture Inc generated $2.3m 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 (7.1%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Creativefuture Inc has awarded 17 individual grants totaling $214,636. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATIVEFUTURE PROMOTES THE VALUE OF EXPANDED DIGITAL ACCESS TO LEGITIMATE CONTENT, AND THE FUNDAMENTAL RIGHT OF CREATIVES TO DETERMINE HOW THEIR WORKS ARE DISTRIBUTED.
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 |
|---|---|---|---|
Ruth Vitale CEO | Officer | 40 | $684,480 |
Brett Williams Evp, External Affairs & Public | 40 | $244,700 | |
James Taylor Senior Director, Policy & Comm | 40 | $104,000 | |
Suzanne Nall Treasurer | Officer | 1 | $0 |
Nathan Hardy Secretary | Officer | 0.2 | $0 |
Alan Braverman Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Partners Consulting Inc Social Media Manage. | 12/30/17 | $130,000 |
One Grain Of Rice Productions Llc Messaging & Comms | 12/30/17 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,250,000 |
| 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 | $2,250,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $909 |
| 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. | $709,547 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,488 |
| Pension plan accruals and contributions | $17,239 |
| Other employee benefits | $68,067 |
| Payroll taxes | $68,261 |
| Fees for services: Management | $21,996 |
| Fees for services: Legal | $21,288 |
| Fees for services: Accounting | $30,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,212 |
| Advertising and promotion | $65,993 |
| Office expenses | $38,693 |
| Information technology | $134,852 |
| Royalties | $0 |
| Occupancy | $252,153 |
| Travel | $20,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,065 |
| Insurance | $28,581 |
| All other expenses | $3,581 |
| Total functional expenses | $2,283,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,098,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,557 |
| 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 | $70,971 |
| Net Land, buildings, and equipment | $59,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,231,755 |
| Accounts payable and accrued expenses | $247,999 |
| 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 | $16,413 |
| Total liabilities | $264,412 |
| Net assets without donor restrictions | $0 |
| 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 | $1,231,755 |
Grants Awarded
Over the last fiscal year, Creativefuture Inc has awarded $27,124 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE WRAP NEWS INC PURPOSE: Event Sponsorship | $15,000 |
SLAMDANCE INC PURPOSE: Festival Sponsorship | $12,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheryl Sandberg & Dave Goldberg Family Foundation Palo Alto, CA | $7,237,479 | $10,073,242 |
Bi-Bett Walnut Creek, CA | $8,734,847 | $8,886,262 |
California Foundation For Independent Living Centers Sacramento, CA | $3,702,594 | $8,030,349 |
Community Access Network Non Profit Corporation Corona, CA | $7,199,298 | $6,228,219 |
Elder Care Alliance Alameda, CA | $36,709,405 | $4,507,097 |
Los Angeles Police Foundation Los Angeles, CA | $14,536,566 | $5,939,965 |
Our Little Helpers Inc Los Angeles, CA | $244,623 | $3,613,015 |
Arsolas Distribution Center And Community Services Oakland, CA | $0 | $4,046,289 |
Clatsop Community Action Astoria, OR | $4,439,328 | $4,346,082 |
Varsity Team Inc San Diego, CA | $1,446,243 | $4,030,641 |
Gay And Lesbian Community Center Of Southern Nevada Inc Las Vegas, NV | $5,552,973 | $4,438,307 |
The Mcgrath Family Foundaiton San Diego, CA | $52,533,946 | $3,369,326 |