Creativefuture Inc
- Assets
- $900.4k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 05/2014
- Data as of
- 12/2022
- 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 12/2022, Creativefuture Inc employed 8 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 12/2022, Creativefuture Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 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
2022
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 | $711,065 |
Suzanne Nall Treasurer | Officer | 1 | $0 |
Brett Williams Evp, External Affairs & Public | 40 | $255,268 | |
James Taylor Senior Director, Policy & Comm | 40 | $112,200 | |
Susan Fox Director | Trustee | 0.2 | $0 |
John Rogovin Thru 522 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 | $2,475,000 |
| 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 | $2,475,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,155 |
| 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. | $737,006 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $705,289 |
| Pension plan accruals and contributions | $29,491 |
| Other employee benefits | $74,389 |
| Payroll taxes | $70,215 |
| Fees for services: Management | $21,996 |
| Fees for services: Legal | $25,086 |
| Fees for services: Accounting | $30,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $386,595 |
| Advertising and promotion | $164,537 |
| Office expenses | $45,530 |
| Information technology | $185,855 |
| Royalties | $0 |
| Occupancy | $187,123 |
| Travel | $94,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,798 |
| Insurance | $33,895 |
| All other expenses | $4,611 |
| Total functional expenses | $2,896,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $60,795 |
| Net Land, buildings, and equipment | $86,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,408 |
| Accounts payable and accrued expenses | $138,731 |
| 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 | $215,623 |
| Total liabilities | $354,354 |
| 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 | $900,408 |
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 |