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Nonprofiteer
← CREATE FOUNDATION INC

Form 990 for tax year 2024

Filed by CREATE FOUNDATION INC.

Totals

Total revenue
$26,192,583
Total expenses
$22,369,025
Contributions and grants received
$21,194,107
Grants paid
$19,280,326
Program service revenue
$33,860
Investment income
$4,956,116
Other revenue
$8,500
Total assets, end of year
$181,615,605
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$181,615,605
Program services expenses (Part IX)
$20,592,052
Management and general expenses
$1,107,491
Fundraising expenses
$669,482
Program service expenses (Part III)
$20,592,052

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL K CLAYBORNE

    PRESIDENT

    Total calculated
    $275,994
    From this org
    $275,994
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,994
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $275,994

  • WILLIAM BRONSON

    DIRECTOR

    Total calculated
    $224,136
    From this org
    $0
    From related orgs
    $224,136
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $224,136 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $224,136 related

  • JUANITA FLOYD

    SENIOR V.P.

    Total calculated
    $129,661
    From this org
    $129,661
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KRISTY LUSE

    VP - TOYOTA

    Total calculated
    $124,610
    From this org
    $124,610
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MATT BOGUE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON BROOKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY CHILDS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • GRACE CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BO COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL FAULKNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA HAWKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANNIE HEDIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE HENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK REED JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY KIRK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRK LEWIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RANDY LONG

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • ROBIN MCCORMICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUKE MONTGOMERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BECKY ROLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID RUMBARGER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR DAVID SHAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ORMA SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANE SPEES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILLYE JEAN STROUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBYN TANNEHILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK TAPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEE TUCKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MITCH WAYCASTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • DONOR DIRECTED TO VARIOUS CHARITIES

    $8,556,420

  • DISBURSEMENTS FOR SPECIAL PROJECTS

    $8,152,944

  • ENDOWMENT FUND DISTRIBUTIONS

    $1,176,006

  • CREATE UNRESTRICTED GRANTS

    $280,943

  • DESIGNATED TO VARIOUS CHARITIES

    $263,902

  • PROGRAM SERVICE DISBURSEMENTS

    $205,251

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • RJ WILEMON LLC RJ WILEMON LLC

    EXCLUDED · RENTAL · MS · share of income $459,572 · share of assets $4,638,655 · general or managing partner

    Directly controlled by WILEMON FO WILEMON FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
7 April 2025
IRS schema version
2024v5.0
Source object
202501019349301555

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