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Nonprofiteer
← CREATE FOUNDATION INC

Form 990 for tax year 2023

Filed by CREATE FOUNDATION INC.

Totals

Total revenue
$22,231,092
Total expenses
$14,512,145
Contributions and grants received
$18,546,090
Grants paid
$11,966,150
Program service revenue
$39,770
Investment income
$3,680,016
Other revenue
-$34,784
Total assets, end of year
$167,121,440
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$167,121,440
Program services expenses (Part IX)
$12,994,707
Management and general expenses
$778,096
Fundraising expenses
$739,342
Program service expenses (Part III)
$12,994,707

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $155,875

  • 1f · All other contributions, gifts and grants

    $18,390,215

  • 1g · Noncash contributions included above

    $2,001,028

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $39,770 · excluded $39,770

  • 3 · Investment income

    total $3,680,016 · excluded $3,680,016

  • 6a · Gross rents

    real property $37,300

  • 6b · Less rental expenses

    real property $72,084

  • 6c · Rental income or loss

    real property -$34,784

  • 6d · Net rental income or loss

    total -$34,784 · excluded -$34,784

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,399,257 · program services $11,399,257

  • 2 · Grants to domestic individuals

    total $566,893 · program services $566,893

  • 5 · Compensation of officers, directors and key employees

    total $377,885 · program services $124,236 · management and general $165,131 · fundraising $88,518

  • 7 · Other salaries and wages

    total $612,695 · program services $284,535 · management and general $136,587 · fundraising $191,573

  • 8 · Pension plan contributions

    total $70,081 · program services $43,721 · management and general $13,670 · fundraising $12,690

  • 9 · Other employee benefits

    total $107,628 · program services $65,440 · management and general $21,878 · fundraising $20,310

  • 10 · Payroll taxes

    total $68,534 · program services $44,522 · management and general $12,452 · fundraising $11,560

  • 11c · Fees: accounting

    total $20,220 · management and general $20,220

  • 13 · Office expenses

    total $39,609 · program services $16,344 · management and general $12,065 · fundraising $11,200

  • 14 · Information technology

    total $52,729 · management and general $52,729

  • 16 · Occupancy

    total $875,989 · program services $354,122 · management and general $279,222 · fundraising $242,645

  • 17 · Travel

    total $24,991 · program services $14,437 · management and general $5,473 · fundraising $5,081

  • 19 · Conferences, conventions and meetings

    total $29,076 · program services $23,784 · management and general $5,292

  • 22 · Depreciation, depletion and amortization

    total $9,963 · management and general $9,963

  • 23 · Insurance

    total $142,739 · program services $14,038 · management and general $25,798 · fundraising $102,903

  • 24a · Other expenses: DIRECT FUNDRAISING COSTS

    total $42,229 · fundraising $42,229

  • 24b · Other expenses: CREDIT CARD FEES

    total $27,654 · program services $27,543 · management and general $58 · fundraising $53

  • 24c · Other expenses: TELEPHONE

    total $15,364 · program services $6,340 · management and general $4,680 · fundraising $4,344

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,963 · program services $6,174 · management and general $4,558 · fundraising $4,231

  • 24e · All other expenses

    total $13,646 · program services $3,321 · management and general $8,320 · fundraising $2,005

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$5 · end of year -$4

  • 2 · Savings and temporary cash investments

    beginning of year $18,412,838 · end of year $23,746,751

  • 10a · Land, buildings and equipment: cost or other basis

    $2,575,257

  • 10b · Land, buildings and equipment: accumulated depreciation

    $778,105

  • 10c · Land, buildings and equipment, net

    beginning of year $1,831,769 · end of year $1,797,152

  • 11 · Investments: publicly traded securities

    beginning of year $113,623,631 · end of year $130,570,367

  • 12 · Investments: other securities

    beginning of year $10,835,243 · end of year $9,559,271

  • 15 · Other assets

    beginning of year $299,055 · end of year $1,447,903

  • 27 · Net assets without donor restrictions

    beginning of year $11,412,537 · end of year $11,928,547

  • 28 · Net assets with donor restrictions

    beginning of year $133,589,994 · end of year $155,192,893

Mission and programs · 2023

Mission

NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.

  • CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS AS WELL AS BUILDING PERMANENT COMMUNITY ENDOWMENTS, ENCOURAGING PHILANTHROPY AND MANAGING CHARITABLE FUNDS CONTRIBUTED BY INDIVIDUALS, FAMILIES, ORGANIZATIONS, AND CORPORATIONS, SERVES TO STRENTHEN REGIONAL COMMUNITY DEVELOPMENT CAPACITY, AND PROVIDES LEADERSHIP ON KEY COMMUNITY ISSUES.

    Expenses $12,994,707 · Grants $11,966,150 · Revenue $39,770

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL K CLAYBORNE

    PRESIDENT

    Total calculated
    $258,828
    From this org
    $258,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,828
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $258,828

  • WILLIAM BRONSON

    DIRECTOR

    Total calculated
    $227,766
    From this org
    $0
    From related orgs
    $227,766
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $227,766 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $227,766 related

  • KRISTY LUSE

    VP - TOYOTA

    Total calculated
    $123,527
    From this org
    $123,527
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JUANITA FLOYD

    SENIOR V.P.

    Total calculated
    $119,057
    From this org
    $119,057
    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

    VICE-CHAIR

    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

    CHAIRMAN

    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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY LONG

    SECRETARY

    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

  • DISBURSEMENTS FOR SPECIAL PROJECTS

    $5,428,392

  • DONOR DIRECTED TO VARIOUS CHARITIES

    $3,901,308

  • CREATE UNRESTRICTED GRANTS

    $814,750

  • ENDOWMENT FUND DISTRIBUTIONS

    $795,854

  • DESIGNATED TO VARIOUS CHARITIES

    $257,429

  • PROGRAM SERVICE DISBURSEMENTS

    $201,524

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 $619,998 · share of assets $4,179,083 · 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
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202441309349304764

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