Civic Intelligence

Creative Minds Nyc Inc.

990 • Fiscal year 2019 • EIN 02-0720786

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 12, 2020

35 West 35th Street No 701New York, NY 10001

(212) 696-7389

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.09x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Asset Growth

92nd percentile

90%

Faster asset growth than 92% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

44%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$331,430

Up $156,677 (+90%) from 2018

Net Assets

Up

$302,499

Up $151,643 (+101%) from 2018

Liabilities

Up

$28,931

Up $5,034 (+21%) from 2018

Revenue

Up

$655,860

Up $199,249 (+44%) from 2018

Expenses

Up

$504,217

Up $64,867 (+15%) from 2018

Net Income

Up

$151,643

Up $134,382 (+779%) from 2018

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

2019

Assets$331,430
Liabilities$28,931
Net Assets$302,499

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

2019

Revenue$655,860
Expenses$504,217
Net Income$151,643
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 12, 2020
Return Version
2018v3.1
Gross Receipts
$655,860
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.

See schedule o 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$158,983$303,581▲ $144,598
Accounts Receivable$6,850$20,771▲ $13,921
Pledges and Grants Receivable$7,420$3,829▼ $3,591
Prepaid Expenses and Deferred Charges$1,500$3,249▲ $1,749
Land, Buildings, and Equipment, Net$0--
Total Assets$174,753$331,430▲ $156,677
Liabilities
Accounts Payable and Accrued Expenses$23,897$28,931▲ $5,034
Total Liabilities$23,897$28,931▲ $5,034
Net Assets / Fund Balance
Unrestricted Net Assets$150,856$302,499▲ $151,643
Total Net Assets Fund Balance$150,856$302,499▲ $151,643
Total Liabilities and Net Assets / Fund Balance$174,753$331,430▲ $156,677
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$402,743
Program Service Revenue
$253,117
Investment Income
$0
Other Revenue
$0
All Other Contributions
$352,098
Change in Net Assets
$151,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$370,081
Other Expenses$134,136
Total Fundraising Expense$62,760
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$283,419$19,500$33,103$336,022
Occupancy$33,899$623-$34,522
Payroll Taxes$32,567$1,492-$34,059
Office Expenses$3,235$7,115$7,908$18,258
Fees for Services Accounting-$13,357-$13,357
Travel$5,415-$5,598$11,013
Insurance$3,814$7,120-$10,934
Advertising$3,474--$3,474
Other Expenses$4,938$1,124$1,449$1,449
All Other Expenses$925--$925
Interest-$286-$286
Fees for Services Other-$210-$210
Total Functional Expenses$378,788$62,669$62,760$504,217
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 11B

Copy of return available upon request.

Form 990, Part VI, Section C, Line 19

Pertinent financial information and governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Creative Minds Nyc Inc
EIN
02-0720786
Phone
2126967389
Address
35 WEST 35TH STREET NO 701, NEW YORK, NY 10001

Signing Officer

Name
Charles Russo
Title
Chairman
Phone
2126967389
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Russo
Formed
2004
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
202
Volunteers
10

Preparer

Firm
Schulman Lobel Et Al Llp
Address
1001 AVENUE OF THE AMERICAS, NEW YORK, NY 10018
Preparer
Anita Katzen CPA
Phone
2128685781
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board is responsible for the oversight of the review of the financial statements and selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization exempt from federal income taxes under section 501(c) (3) of the internal revenue code and is not classified as a private foundation. The organization recognizes the effect of tax positions only when they are more likely than not of being sustained. Management is not aware of any violation of its tax status as an organization exempt from income taxes, nor of any exposure to unrelated business income tax. The tax filings for the periods ended june 30, 2016, 2017, 2018 and 2019 are subject to examination by the taxing authorities.

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IRS990/PYOtherExpensesAmt0119480
IRS990/PYOtherRevenueAmt010747
IRS990/PYProgramServiceRevenueAmt0181386
IRS990/PYRevenuesLessExpensesAmt017261
IRS990/PYSalariesCompEmpBnftPaidAmt0319870
IRS990/PYTotalExpensesAmt0439350
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0456611
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0151643
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0253117
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0221940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0209453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01313958
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IRS990ScheduleA/PublicSupportPY170Pct00.86920
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IRS990ScheduleA/SubstantialContributorsTotAmt0204510
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0221940
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0209453
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218344
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01313958
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE TAX FILINGS FOR THE PERIODS ENDED JUNE 30, 2016, 2017, 2018 AND 2019 ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF RETURN AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERTINENT FINANCIAL INFORMATION AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
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IRS990/TaxablePartyNotificationInd00
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IRS990/TravelGrp/ProgramServicesAmt05415
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0150856
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.STORYPIRATES.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES RUSSO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATIVE MINDS NYC INC
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ReturnHeader/Filer/PhoneNum02126967389
ReturnHeader/Filer/USAddress/AddressLine1Txt035 WEST 35TH STREET NO 701
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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