Creativity Foundation A Maryland Nonprofit Corporation
- Assets
- $1.5m
- Revenue
- $53.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 52-2346553
Organization Overview
Creativity Foundation A Maryland Nonprofit Corporation is located in Watertown, MA. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creativity Foundation A Maryland Nonprofit Corporation 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 12/2023, Creativity Foundation A Maryland Nonprofit Corporation generated $53.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $68.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Creativity Foundation A Maryland Nonprofit Corporation has awarded 18 individual grants totaling $473,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED GRANTS TO EXCEPTIONAL ORGANIZATIONS THAT SUCCESSFULLY NURTURE THE CREATIVITY OF YOUNG PEOPLE WHILE TACKLING PRESSING SOCIAL NEEDS IN THE FIELDS OF SCIENCE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $36,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,309 |
| Capital Gain Net Income | $16,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $450 |
| Total Revenue | $53,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,526 |
| Total operating and administrative expenses | $30,301 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $68,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,036 |
| Savings and temporary cash investments | $192 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,458,668 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Creativity Foundation A Maryland Nonprofit Corporation has awarded $38,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRACTURED ATLAS PURPOSE: GENERAL | $6,000 |
THE MAMELODI INITIATIVE PURPOSE: GENERAL | $32,000 |