Created Institute Inc
- Assets
- $39.9k
- Revenue
- $535.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Ridgecrest, NC
- Founding
- 06/2017
- Data as of
- 08/2021
- EIN
- 81-3014851
Organization Overview
Created Institute Inc, operating under the name Created Institute, is located in Ridgecrest, NC. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2021, Created Institute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Created Institute 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 08/2021, Created Institute generated $535.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $608.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 5 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
CREATED IS A PRIVATE COLLEGE WHERE THEOLOGY, CULTURE, AND ENTREPRENEURIALISM BECOME ONE STORY.THE MISSION IS TO PROVIDE A TRANSFORMATIVE, CHRISTIAN BASED APPROACH TO CULTIVATING HABITS OF LEARNING AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE CHRISTIAN COLLEGE TUITION, ROOM AND BOARD RECEIPTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Davis Norment President | OfficerTrustee | 5 | $0 |
Lee Byberg Chair And Provost | OfficerTrustee | 20 | $0 |
Andrew Chambers Treasurer | OfficerTrustee | 5 | $0 |
Amanda Warden Secretary | OfficerTrustee | 5 | $0 |
Portia Wade Diector | Trustee | 5 | $0 |
David Fredriksz Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,700 |
| 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 | $535,076 |
| Statement of Expenses | |
|---|---|
| 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. | $86,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,766 |
| Payroll taxes | $17,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,273 |
| Fees for services: Accounting | $27 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,733 |
| Office expenses | $6,328 |
| Information technology | $6,577 |
| Royalties | $21,000 |
| Occupancy | $160,292 |
| Travel | $8,471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,967 |
| Interest | $3,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,173 |
| Insurance | $8,113 |
| All other expenses | $0 |
| Total functional expenses | $608,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,660 |
| 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 | $9,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,775 |
| Other assets | $0 |
| Total assets | $39,895 |
| Accounts payable and accrued expenses | $49,535 |
| Grants payable | $0 |
| Deferred revenue | $41,871 |
| 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 | $211,526 |
| Other liabilities | $0 |
| Total liabilities | $302,932 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$263,037 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Created Institute Inc has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |