Creative Center Foundation
- Assets
- $1.6m
- Revenue
- $9.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Visalia, CA
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 77-0417202
Organization Overview
Creative Center Foundation is located in Visalia, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Creative Center Foundation 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 Center Foundation generated $9.3k 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 (19.8%) each year. All expenses for the organization totaled $27.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO RAISE AND HOLD FUNDS FOR THE CREATIVE CENTER, AND TO PROVIDE AN ENDOWMENT FOR THEIR CONTINUED SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS AND PROVIDE SUPPORT FOR THE CREATIVE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikki Verissimo Director | Trustee | 1 | $0 |
Leslie Berry Director | Trustee | 1 | $0 |
Rick Warren Director | Trustee | 1 | $0 |
Rob Fox Director | Trustee | 1 | $0 |
Bruce Nicotero Secretary | Trustee | 1 | $0 |
Marilynn Mitchell President | Trustee | 1 | $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 | $7,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,011 |
| Total Program Service Revenue | $0 |
| Investment income | -$10,112 |
| 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 | $12,360 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,259 |
| 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 | $13,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,293 |
| 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 | $1,182 |
| Insurance | $0 |
| All other expenses | $1,568 |
| Total functional expenses | $27,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $23,470 |
| Investments—publicly traded securities | $1,376,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,605,002 |
| Accounts payable and accrued expenses | $309 |
| 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 | $309 |
| Net assets without donor restrictions | $175,829 |
| Net assets with donor restrictions | $1,428,864 |
| 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 | $1,605,002 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Creative Center Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Visalia Rotary Community Foundation Visalia, CA PURPOSE: NEW RESTROOMS IN GALLERY AND STUDIO | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |
Inland Empire United Way Rancho Cucamonga, CA | $4,505,450 | $6,854,320 |
Partners In School Innovation San Francisco, CA | $2,518,159 | $5,628,468 |
Hana Health Hana, HI | $10,875,006 | $7,205,224 |