Creative Tech Alliance
- Assets
- $138.1k
- Revenue
- $536.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2018
- Data as of
- 06/2022
- EIN
- 47-4123991
Organization Overview
Creative Tech Alliance is located in Minneapolis, MN. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Tech Alliance 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 Tech Alliance generated $536.7k in total revenue. All expenses for the organization totaled $616.0k during the year ending 06/2022. While expenses have increased by 37.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATIVE TECHNOLOGY ALLIANCE IS DEDICATED TO SUPPORTING CREATIVE TECHNOLOGY ENTREPRENEURS WORKING AT THE FOREFRONT OF ART AND TECHNOLOGY. THE ORGANIZATION AIMS TO SUPPORT THIS MISSION THROUGH REAL ESTATE DEVELOPMENT AND PUBLIC ENGAGEMENT PROGRAMMING TO BUILD EQUITABLE, COMMUNITY-LED SPACES FOR MINORITY ENTREPRENEURS WORKING AT THE FOREFRONT OF ART AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATIVE TECHNOLOGY ALLIANCE ESTABLISHED A FISCAL SPONSORSHIP PROGRAM AND ENROLLED TWO PROJECTS THAT ALIGN WITH OUR MISSION: GAME DEVS OF COLOR EXPO AND GALAXY FUND. THE GAME DEVS OF COLOR EXPOS MISSION IS TO AMPLIFY THE CREATIVE POWER HELD BY PEOPLE OF COLOR IN GAMES. WE DO THIS BY ORGANIZING REVOLUTIONARY EVENTS, UNITING OUR VIBRANT COMMUNITY, AND BUILDING ACCESS TO KNOWLEDGE, FUNDING, AND OPPORTUNITIES. THE GALAXY FUND IS A PROTOTYPE GRANT FOCUSED ON THE EARLIEST STAGE OF DEVELOPMENT. THE FUNDING WILL BE GIVEN AS AN UNRESTRICTED PROTOTYPE GRANT FOR EACH FOUNDER TO USE HOWEVER THEY SEE FIT FOR THEMSELVES AND THEIR BUSINESS -- CHILD CARE, HARDWARE, SOFTWARE, PART-TIME STAFF, COACHING, LEGAL, THERAPY.
IN ADDITION, THE ORGANIZATION HAVE BEEN COORDINATING WITH LOCAL FOUNDATIONS AND THE CITY OF ST. PAUL TO DEVELOP A GROUNDBREAKING MIXED-USE SPACE FOR CREATORS AT THE FOREFRONT OF ART AND TECHNOLOGY. DUE TO COVID-19, THIS PROJECT IS CURRENTLY BEING RE-DESIGNED TO BETTER SUPPORT ITS INTENDED AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolaas Vanmeerten Treasurer | OfficerTrustee | $0 | |
Pornthong Kraikul Chair Of The | OfficerTrustee | $0 | |
Sharon Fischlowitz Vice Chair | OfficerTrustee | $0 | |
Jeff Aguy Board Member | Trustee | $0 | |
Twila Dang Board Member | Trustee | $0 | |
Stephen Guy Board Member | Trustee | $0 |
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 | $453,458 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,458 |
| Total Program Service Revenue | $44,837 |
| Investment income | $22 |
| 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 | $536,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $219,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $387,893 |
| Advertising and promotion | $2,000 |
| Office expenses | $2,045 |
| Information technology | $1,430 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $901 |
| All other expenses | $0 |
| Total functional expenses | $616,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,601 |
| Savings and temporary cash investments | $40,078 |
| Pledges and grants receivable | $11,420 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,099 |
| Accounts payable and accrued expenses | $43,997 |
| 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 | $277 |
| Total liabilities | $44,274 |
| Net assets without donor restrictions | $93,825 |
| 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 | $138,099 |