Crearte Inc is located in San Juan, PR. The organization was established in 2003. 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 07/2021, Crearte Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crearte 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 07/2021, Crearte Inc generated $972.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $897.0k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 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
THE ORGANIZATION IS ENGAGED IN PROMOTING THE SOCIAL AND EDUCATIONAL DEVELOPMENT OF ECONOMIC DISADVANTAGED YOUTHS AND CHILDREN FROM 2 MONTHS TO 21 YEARS THROUGH FOUR PROGRAMS: ESCUELAS ALTERNATIVA, PROGRAMA VESPERTINO, CENTRO DE DESARROLLO INTREGRAL AND SERVICIOS PSICOSOCIALES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM: ALTERNATIVE SCHOOL AND AFTERSCHOOL PROGRAM. - REGISTRATION: 159 DAY SCHOOL AND 74 IN THE AFTER SCHOOL PROGRAM WHICH SUPPORTS STUDENTS BY PROVIDING ACADEMIC TUTORING AND ENCOURAGEMENT. THIS REPRESENTS 89% OF OUR PROGRAM COSTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Federico Calaf Legrand President | Trustee | 5 | $0 |
Francisco Perez Corujo Officer | Trustee | 5 | $0 |
David Vergel DE Miranda Officer | Trustee | 5 | $0 |
Richard Reiss Huyke Officer | Trustee | 5 | $0 |
Alan Cohen Shoreman Officer | Trustee | 5 | $0 |
Alma Rodriguez Nieves Officer | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $733,147 |
All other contributions, gifts, grants, and similar amounts not included above | $239,728 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $972,875 |
Total Program Service Revenue | $0 |
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 | $972,875 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $536,365 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $102,286 |
Advertising and promotion | $0 |
Office expenses | $47,264 |
Information technology | $0 |
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 | $4,638 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $32,893 |
Insurance | $44,814 |
All other expenses | $5,215 |
Total functional expenses | $897,033 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $416,187 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $39,583 |
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 | $16,451 |
Net Land, buildings, and equipment | $72,605 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $544,826 |
Accounts payable and accrued expenses | $1,065,606 |
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 | $0 |
Total liabilities | $1,065,606 |
Net assets without donor restrictions | $520,780 |
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 | $544,826 |
Over the last fiscal year, we have identified 2 grants that Crearte Inc has recieved totaling $36,891.
Awarding Organization | Amount |
---|---|
Fondos Unidos De Puerto Rico Inc Santurce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $26,891 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $10,000 |
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