The Cream Incorporated
- Assets
- $0.0
- Revenue
- $407.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Inkster, MI
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 82-3833981
Organization Overview
The Cream Incorporated is located in Inkster, MI. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Cream Incorporated employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cream Incorporated 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, Cream Incorporated generated $407.6k in total revenue. All expenses for the organization totaled $407.2k during the year ending 12/2021. While expenses have increased by 135.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
FINANCIAL LITERACY WORKSHOPS FREE BUSINESS START UP
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GIVEAWAYS & LOW INCOME/DISADVANTAGED COMMUNITY DEVELOPMENT
COMMUNITY WORKSHOPS FOR BUSINESS START UP AND CONSULTATION
SECTION 8 HOUSING APPLICATIONS ASSISTANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micheal Patterson Regional Director | Officer | 10 | $16,893 |
Joseph Claybron Treasurer | Officer | 8 | $13,891 |
Roxanne Fraiser Administrative Asst | Officer | 6 | $13,330 |
Mark Rowe Executive Director | Officer | 7 | $10,489 |
Mwai Leonard National President | OfficerTrustee | 6 | $9,793 |
Tiera Reese National Secretary | Officer | 5 | $8,211 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Swift Removal Plus Junk Removal Services | 12/30/21 | $31,323 |
Nubits Llc Construction And Painting | 12/30/21 | $7,474 |
Julius Irwin Painting And Drywall | 12/30/21 | $13,785 |
7th Fortune Llc Construction Services Ad | 12/30/21 | $10,000 |
Tru Ajani Trust Admistrative And Project | 12/30/21 | $13,000 |
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 | $46,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,000 |
| Total Program Service Revenue | $0 |
| Investment income | $24,859 |
| 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 | $407,622 |
| 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. | $154,669 |
| Compensation of current officers, directors, key employees. | $72,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,477 |
| Fees for services: Accounting | $5,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,998 |
| Office expenses | $2,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,392 |
| Interest | $91,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $920 |
| All other expenses | $0 |
| Total functional expenses | $407,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Cream Incorporated has recieved totaling $217,496.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $156,710 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $60,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Education Academy Akron, OH | $8,266,600 | $36,695,816 |
Ideastream Cleveland, OH | $47,798,321 | $23,794,645 |
Directions For Youth & Families Inc Columbus, OH | $17,494,170 | $7,448,441 |
Youth Intensive Services Youngstown, OH | $5,192,901 | $8,719,179 |
Catholic Youth Summer Camp Inc Centerburg, OH | $24,885,717 | $8,487,345 |
Brilliant Detroit Detroit, MI | $8,474,940 | $7,645,252 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
New City Kids Inc Grand Rapids, MI | $3,713,788 | $6,335,672 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Hype Athletics Community Inc Dearborn Heights, MI | $8,352,601 | $3,293,270 |