Civic Intelligence

Creative Minds Nyc Inc.

990 • Fiscal year 2016 • EIN 02-0720786

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 11, 2017

250 West 40th StreetNew York, NY 10018

(212) 696-7389

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$146,999

Down $7,386 (-4.8%) from 2015

Net Assets

Down

$133,829

Down $10,062 (-7.0%) from 2015

Liabilities

Up

$13,170

Up $2,676 (+26%) from 2015

Revenue And Expenses

Revenue

Up

$329,243

Up $50,634 (+18%) from 2015

Expenses

Up

$339,305

Up $19,372 (+6.1%) from 2015

Net Income

Up

-$10,062

Up $31,262 (+76%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $329,950Liabilities 2011: $64,530Net Assets 2011: $265,4202011Assets 2012: $245,766Liabilities 2012: $13,491Net Assets 2012: $232,2752012Assets 2013: $272,720Liabilities 2013: $16,761Net Assets 2013: $255,9592013Assets 2014: $195,744Liabilities 2014: $10,529Net Assets 2014: $185,2152014Assets 2015: $154,385Liabilities 2015: $10,494Net Assets 2015: $143,8912015Assets 2016: $146,999Liabilities 2016: $13,170Net Assets 2016: $133,8292016Assets 2017: $153,400Liabilities 2017: $19,805Net Assets 2017: $133,5952017Assets 2018: $174,753Liabilities 2018: $23,897Net Assets 2018: $150,8562018Assets 2019: $331,430Liabilities 2019: $28,931Net Assets 2019: $302,4992019Assets 2020: $341,776Liabilities 2020: $108,200Net Assets 2020: $233,5762020Assets 2021: $484,831Liabilities 2021: $196,699Net Assets 2021: $288,1322021Assets 2022: $688,741Liabilities 2022: $32,805Net Assets 2022: $655,9362022Assets 2023: $678,480Liabilities 2023: $41,122Net Assets 2023: $637,3582023Assets 2024: $713,687Liabilities 2024: $54,537Net Assets 2024: $659,1502024

Highlighted filing

2016

Assets$146,999
Liabilities$13,170
Net Assets$133,829

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $324,524Expenses 2011: $285,192Net Income 2011: $39,3322011Revenue 2012: $272,033Expenses 2012: $305,178Net Income 2012: -$33,1452012Revenue 2013: $288,289Expenses 2013: $264,615Net Income 2013: $23,6742013Revenue 2014: $263,769Expenses 2014: $274,625Net Income 2014: -$10,8562014Revenue 2015: $278,609Expenses 2015: $319,933Net Income 2015: -$41,3242015Revenue 2016: $329,243Expenses 2016: $339,305Net Income 2016: -$10,0622016Revenue 2017: $374,268Expenses 2017: $374,502Net Income 2017: -$2342017Revenue 2018: $456,611Expenses 2018: $439,350Net Income 2018: $17,2612018Revenue 2019: $655,860Expenses 2019: $504,217Net Income 2019: $151,6432019Revenue 2020: $515,511Expenses 2020: $584,434Net Income 2020: -$68,9232020Revenue 2021: $709,227Expenses 2021: $654,671Net Income 2021: $54,5562021Revenue 2022: $953,565Expenses 2022: $742,051Net Income 2022: $211,5142022Revenue 2023: $925,245Expenses 2023: $943,823Net Income 2023: -$18,5782023Revenue 2024: $994,687Expenses 2024: $972,895Net Income 2024: $21,7922024

Highlighted filing

2016

Revenue$329,243
Expenses$339,305
Net Income-$10,062
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 11, 2017
Return Version
2015v3.0
Gross Receipts
$329,243
Mission and Program Overview

Mission

Creative minds nyc inc. Is a children's theatre company in new york city. The organization receives written works from elementary school children in new york city. The organization then turns those stories into plays with puppets, costumes, and professional actors. The organization also goes to elementary schools in new york city to teach writing workshops centered around the power of literacy and creative expression.

Creative minds nyc inc. Is a children's theatre company in new york city. Through in-school workshops, we take stories written by children all over the world and adapt their stories into plays with puppets, costumes, and professional actors. The organization also goes to elementary schools in new york city to teach writing workshops centered around the power of literacy and creative expression.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,454$111,799▼ $15,655
Accounts Receivable$8,170$24,200▲ $16,030
Pledges and Grants Receivable$18,500$11,000▼ $7,500
Land, Buildings, and Equipment, Net$261$0▼ $261
Total Assets$154,385$146,999▼ $7,386
Liabilities
Accounts Payable and Accrued Expenses$10,494$13,170▲ $2,676
Total Liabilities$10,494$13,170▲ $2,676
Net Assets / Fund Balance
Unrestricted Net Assets$143,891$133,829▼ $10,062
Total Net Assets Fund Balance$143,891$133,829▼ $10,062
Total Liabilities and Net Assets / Fund Balance$154,385$146,999▼ $7,386

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$29,548$29,548
Other Land Buildings$0$15,650$15,650
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles RussoChairman & Executive Direc
Allen HubbyVice Chairman
Adrienne BeckerMember
Eric CipraMember
Jonathan GlickmanMember
Laura HeywoodMember
Sam FormanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$209,453
Program Service Revenue
$119,790
Investment Income
$0
Other Revenue
$0
All Other Contributions
$146,948
Change in Net Assets
$-10,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$329,243
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$36,000
Total Revenue per Audited Statements
$365,243
Total Revenue per Form 990
$329,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$231,025
Other Expenses$108,280
Total Fundraising Expense$10,392
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$208,684--$208,684
Occupancy$27,000--$27,000
Payroll Taxes$22,341--$22,341
Insurance$8,769$11,840-$20,609
Office Expenses$1,879$9,175$3,875$14,929
Fees for Services Accounting-$13,250-$13,250
Travel$5,354--$5,354
Fees for Services Other$4,627$399-$5,026
All Other Expenses$502-$996$1,498
Other Expenses$872$4,906$3,696$872
Depreciation Depletion$261--$261
Total Functional Expenses$289,343$39,570$10,392$339,305

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$375,305
Expenses per Audited Statements$339,305
Total Expenses per Form 990$339,305
Expenses Not Reported on Form 990$36,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Copy of return available upon request.

Form 990, Part VI, Section C, line 19

Pertinent financial information available upon request.

Filing and Contact Details

Filer

Filer Name
Creative Minds Nyc Inc
EIN
02-0720786
Phone
2126967389
Address
250 WEST 40TH STREET, NEW YORK, NY 10018

Signing Officer

Name
Charles Russo
Title
Chairman
Phone
6319286807
Signed
2017-01-11

Organization Details

Principal Officer
Charles Russo
Formed
2004
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
187
Volunteers
0

Preparer

Firm
Schulman Lobel ET AL LLP
Address
1001 Avenue of the Americas, New York, NY 10018
Preparer
Anita Katzen CPA
Phone
2128685781
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt036000
IRS990ScheduleD/DonatedServicesUseFcltsAmt036000
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029548
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029548
IRS990ScheduleD/ExpensesNotReportedAmt036000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0339305
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015650
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015650
IRS990ScheduleD/RevenueNotReportedAmt036000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0329243
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0339305
IRS990ScheduleD/TotalRevenuePerForm990Amt0329243
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0365243
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0375305
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF RETURN AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERTINENT FINANCIAL INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0154385
IRS990/TotalAssetsEOYAmt0146999
IRS990/TotalAssetsGrp/BOYAmt0154385
IRS990/TotalAssetsGrp/EOYAmt0146999
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0209453
IRS990/TotalEmployeeCnt0187
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010392
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039570
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0289343
IRS990/TotalFunctionalExpensesGrp/TotalAmt0339305
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010494
IRS990/TotalLiabilitiesEOYAmt013170
IRS990/TotalLiabilitiesGrp/BOYAmt010494
IRS990/TotalLiabilitiesGrp/EOYAmt013170
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0143891
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0133829
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0289343
IRS990/TotalProgramServiceRevenueAmt0119790
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0119790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0329243
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0154385
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0146999
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05354
IRS990/TravelGrp/TotalAmt05354
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0143891
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0133829
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05 CLIFF ROAD
IRS990/USAddress/CityNm0PORT JEFFERSON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011777
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.STORYPIRATES.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES RUSSO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06319286807
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATIVE MINDS NYC INC
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0020720786
ReturnHeader/Filer/PhoneNum02126967389
ReturnHeader/Filer/USAddress/AddressLine1Txt0250 WEST 40TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010018
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223840651
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Schulman Lobel ET AL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 Avenue of the Americas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02128685781
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anita Katzen CPA
ReturnHeader/ReturnTs02017-01-16T00:00:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.14$0.55$6.59$9.95$9.73$0.22
2023Detailed filing. Detailed filing data is available for this year.$6.78$0.41$6.37$9.25$9.44$0.19
2022Detailed filing. Detailed filing data is available for this year.$6.89$0.33$6.56$9.54$7.42$2.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$1.97$2.88$7.09$6.55$0.55
2020Detailed filing. Detailed filing data is available for this year.$3.42$1.08$2.34$5.16$5.84$0.69
2019Detailed filing. Detailed filing data is available for this year.$3.31$0.29$3.02$6.56$5.04$1.52
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.24$1.51$4.57$4.39$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.53$0.20$1.34$3.74$3.75$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.47$0.13$1.34$3.29$3.39$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.54$0.10$1.44$2.79$3.20$0.41
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.11$1.85$2.64$2.75$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.17$2.56$2.88$2.65$0.24
2012Summary only. Only limited summary data is available for this year.$2.46$0.13$2.32$2.72$3.05$0.33
2011Summary only. Only limited summary data is available for this year.$3.30$0.65$2.65$3.25$2.85$0.39