Creative Kids Education Foundation
- Assets
- $3.6m
- Revenue
- $59.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1998
- Data as of
- 03/2022
- EIN
- 95-4576615
Organization Overview
Creative Kids Education Foundation is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Kids Education 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 03/2022, Creative Kids Education Foundation generated $59.9k 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 (16.1%) each year. All expenses for the organization totaled $354.6k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS INNOVATIVE PROGRAMS IN CLASSICAL MUSIC EDUCATION FOR CHILDREN. THE PROGRAMS ARE INTENDED TO PROMOTE THE DEVELOPMENT OF NEW AUDIENCES FOR CLASSICAL MUSIC VIA EDUCATIONAL OUTREACH PROGRAMS. AN ADDITIONAL FOCUS OF THE FOUNDATION IS TO PROVIDE OPPORTUNITIES FOR ARTS EDUCATION ORGANIZATIONS TO SHARE AND COMMUNICATE THE BEST PRACTICES IN EDUCATIONAL OUTREACH ACTIVITIES. THE FOUNDATION PROVIDES FACILITIES FOR MUSIC LESSONS, CLASSES AND CONCERTS. THE FOUNDATION ALSO PROVIDES RESIDENCIES FOR MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jama Laurent President | 0 | $200,572 | |
Rachel Nardo Secretary | 0 | $0 | |
Cameron Owen CFO | 0 | $0 | |
Grace Arnold Director | 0 | $0 | |
Denise Luria Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,529 |
| Dividends & Interest | $45,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,311 |
| Capital Gain Net Income | $9,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,700 |
| Total Revenue | $59,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,572 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,338 |
| Depreciation | $31,461 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,435 |
| Total operating and administrative expenses | $354,595 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $354,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,617 |
| Savings and temporary cash investments | $323,679 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,073,442 |
| Net Land, buildings, and equipment | $956,739 |
| Other assets | $0 |
| Total assets | $3,564,668 |
| Accounts payable and accrued expenses | $565 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |