Create Arts Center Inc
- Assets
- $1.3m
- Revenue
- $675.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Silver Spring, MD
- Founding
- 06/1988
- Data as of
- 06/2023
- EIN
- 52-1489164
Organization Overview
Create Arts Center Inc is located in Silver Spring, MD. The organization was established in 1988. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Create Arts Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Create Arts Center Inc 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, Create Arts Center Inc generated $675.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $674.7k during the year ending 06/2023. While expenses have increased by 12.5% per year over the past 7 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 SPARK CREATIVITY, FOSTER LEARNING, EMPOWER INDIVIDUALS, AND FACILITATE COMMUNITY CONNECTIONS THROUGH THE VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EDUCATION AND ART THERAPY PROGRAMS FOR CHILDREN, ADOLESCENTS AND ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Marson Cox Former Exec | Officer | 40 | $66,560 |
Allison Berg Former Actin | Officer | 40 | $43,680 |
Lima Abdullah Director | Trustee | 1 | $0 |
Diana Farina - Borlase Treasurer & | OfficerTrustee | 3 | $0 |
Camillia Jacobs Director | Trustee | 1 | $0 |
Tom Jacobson Former Direc | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $167,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,541 |
| Total Program Service Revenue | $463,957 |
| 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 | $675,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $66,560 |
| Compensation of current officers, directors, key employees. | $13,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,297 |
| Advertising and promotion | $4,603 |
| Office expenses | $38,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,488 |
| Travel | $23 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,103 |
| Insurance | $9,479 |
| All other expenses | $11,683 |
| Total functional expenses | $674,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,624 |
| 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 | $13,839 |
| Net Land, buildings, and equipment | $49,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $764,774 |
| Total assets | $1,346,125 |
| Accounts payable and accrued expenses | $45,591 |
| Grants payable | $0 |
| Deferred revenue | $161,665 |
| 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 | $147,771 |
| Other liabilities | $805,747 |
| Total liabilities | $1,160,774 |
| Net assets without donor restrictions | $161,680 |
| Net assets with donor restrictions | $23,671 |
| 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 | $1,346,125 |