Creativets
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Nashville, TN
- Founding
- 01/2014
- Data as of
- 06/2023
- EIN
- 46-3617663
Organization Overview
Creativets is located in Nashville, TN. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Creativets employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creativets 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 06/2023, Creativets generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 18.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER WOUNDED VETERANS TO HEAL THROUGH THE ARTS AND MUSIC, GIVING VETERANS TOOLS THEY CAN USE TO COMBAT STRESS, DEPRESSION, AND OTHER SIDE EFFECTS OF WAR AND ENABLING THEM TO SEE THEIR OWN CAPACITY FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERAN SONGWRITING PROGRAMS - CREATIVETS SAW UNPRECEDENTED GROWTH DURING THE 2022-2023 FISCAL YEAR, BOTH IN FUNDING AND PROGRAM OPERATION. THEREFORE, WE WERE ABLE TO EXPAND OUR PROGRAM OFFERINGS, BOTH FOR SONGWRITING AND VISUAL ARTS PROGRAMS. DURING THE 2022-2023 FISCAL YEAR WE HOSTED MORE VETERAN SONGWRITING PROGRAMS IN NASHVILLE, TN THAN ANY YEAR BEFORE. WE ALSO INCREASED OUR PARTICIPATION WITH EACH OF OUR OTHER PARTNERS/VETERAN SERVICE ORGANIZATIONS TO BRING THE HEALING POWER OF MUSIC TO MORE VETERANS THAN EVER BEFORE. ALONG WITH INCREASES IN OTHER PROGRAMS, WE CONTINUED AND INCREASED THE -- CONTINUED ON SCHEDULE O
INTRODUCTION TO ART FOR VETERANS - DUE TO OUR SUCCESSFUL FUNDRAISING DURING THIS YEAR, CREATIVETS WAS ABLE TO OFFER A 3RD INTRODUCTION TO ART FOR VETERANS PROGRAM THIS SUMMER. THIS WAS THE FIRST TIME THAT WE HAVE HOSTED THREE OF OUR 3-WEEK ART PROGRAMS DURING ONE SUMMER SEASON. TWO OF THE PROGRAMS WERE HOSTED AT THE SCHOOL OF THE ART INSTITUTE OF CHICAGO, AND ONE WAS HOSTED AT BELMONT UNIVERSITY. THESE PROGRAMS PROVIDED OUR HIGH QUALITY, MULTI-DISCIPLINE VISUAL ART PROGRAMMING, BUT HAD A NEW TWIST. AT THE BELMONT UNIVERSITY CLASS, CREATIVETS BROUGHT IN ONE OF OUR ALUMNI WHO NOW OWNS HIS OWN CATERING COMPANY TO PROVIDE MEALS FOR THE VETERANS AND TEACH THEM ABOUT THE BENEFITS OF MAINTAINING A HEALTHY DIET. THIS ADDS ANOTHER -- CONTINUED ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Casper Executive Di | Officer | 50 | $100,500 |
Luke Pell Board Chair | OfficerTrustee | 1 | $0 |
Nanette Leonard Vice Chair | OfficerTrustee | 1 | $0 |
Larry Felts Treasurer | OfficerTrustee | 5 | $0 |
Will Parker Secretary | OfficerTrustee | 1 | $0 |
Linda Tarrson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93,482 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,324,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,418,096 |
| Total Program Service Revenue | $0 |
| Investment income | $3,161 |
| 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 | $16,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,437,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,135 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,386 |
| Compensation of current officers, directors, key employees. | $227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $79,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,137 |
| Advertising and promotion | $18,054 |
| Office expenses | $8,726 |
| Information technology | $6,039 |
| Royalties | $0 |
| Occupancy | $90,926 |
| Travel | $138,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,464 |
| Insurance | $16,518 |
| All other expenses | $0 |
| Total functional expenses | $1,254,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,246 |
| Savings and temporary cash investments | $448,596 |
| Pledges and grants receivable | $148,568 |
| 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 | $26,027 |
| Net Land, buildings, and equipment | $102,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,249 |
| Total assets | $1,230,302 |
| Accounts payable and accrued expenses | $120,664 |
| 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 | $507,823 |
| Total liabilities | $628,487 |
| Net assets without donor restrictions | $465,607 |
| Net assets with donor restrictions | $136,208 |
| 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 | $1,230,302 |