The Creative Coast Inc
- Assets
- $353.2k
- Revenue
- $220.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Savannah, GA
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 58-2234133
Organization Overview
The Creative Coast Inc is located in Savannah, GA. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Coast 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 12/2021, Creative Coast Inc generated $220.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $228.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE THE MEMBERS OF THE SAVANNAH COMMUNITY ENGAGED IN CREATIVE OR INNOVATIVE ENDEAVORS AND TO CULTIVATE AN ENVIRONMENT IN WHICH THEY CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SEE A SAVANNAH THAT IS CREATIVE, INNOVATIVE AND PROGRESSIVE, FROM GOVERNMENT AND EDUCATION TO BUSINESS AND COMMUNITY DEVELOPMENT. WE ENVISION A SAVANNAH THAT, AS THE HUB AND ECONOMIC CENTER OF "THE CREATIVE COAST", IS AN ALL-INCLUSIVE, MULTI-CULTURAL COMMUNITY THAT TREASURES ITS PAST BUT LOOKS TO THE FUTURE BY FOSTERING A DYNAMIC CLIMATE FOR CREATIVE, KNOWLEDGE-BASED JOBS, ALONGSIDE TRADITIONAL ECONOMIC SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bonnett Executive Di | OfficerTrustee | 40 | $36,000 |
James Collins Board Chairm | OfficerTrustee | 5 | $0 |
Robert Cordasco Treasurer | OfficerTrustee | 5 | $0 |
Murem Sharpe Vice Chairma | OfficerTrustee | 5 | $0 |
Brett Bell Director | Trustee | 5 | $0 |
Robert Gaad Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,184 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,219 |
| Total Program Service Revenue | $71,173 |
| Investment income | $11 |
| 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 | $220,403 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,676 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,248 |
| Advertising and promotion | $25,714 |
| Office expenses | $3,605 |
| Information technology | $10,284 |
| Royalties | $0 |
| Occupancy | $44,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $431 |
| Insurance | $2,528 |
| All other expenses | $0 |
| Total functional expenses | $228,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,883 |
| Accounts receivable, net | $8,416 |
| 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 | $1,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,975 |
| Other assets | $250 |
| Total assets | $353,168 |
| Accounts payable and accrued expenses | $5,400 |
| 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 | $116,579 |
| Other liabilities | $152,688 |
| Total liabilities | $274,667 |
| Net assets without donor restrictions | $78,501 |
| 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 | $353,168 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Creative Coast Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |