Civic Intelligence

Creative Education Foundation Inc.

990 • Fiscal year 2022 • EIN 16-0849832

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 13, 2023

46 Watch Hill DrScituate, MA 02066

(508) 960-0000

Siviq Scores

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

Liabilities / Assets

69th percentile

0.21x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.49x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

77th percentile

$121,697

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-20%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,041,075

Down $125,555 (-11%) from 2021

Net Assets

Down

$827,223

Down $140,599 (-15%) from 2021

Liabilities

Up

$213,852

Up $15,044 (+7.6%) from 2021

Revenue

Down

$436,878

Down $110,854 (-20%) from 2021

Expenses

Up

$578,979

Up $167,639 (+41%) from 2021

Net Income

Down

-$142,101

Down $278,493 (-204%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $342,165Liabilities 2010: $83,819Net Assets 2010: $258,3462010Assets 2011: $295,123Liabilities 2011: $184,964Net Assets 2011: $110,1592011Assets 2012: $784,063Liabilities 2012: $67,475Net Assets 2012: $716,5882012Assets 2013: $816,205Liabilities 2013: $63,740Net Assets 2013: $752,4652013Assets 2014: $879,748Liabilities 2014: $51,680Net Assets 2014: $828,0682014Assets 2015: $851,835Liabilities 2015: $52,132Net Assets 2015: $799,7032015Assets 2016: $831,212Liabilities 2016: $47,997Net Assets 2016: $783,2152016Assets 2017: $791,339Liabilities 2017: $27,944Net Assets 2017: $763,3952017Assets 2018: $842,848Liabilities 2018: $33,657Net Assets 2018: $809,1912018Assets 2019: $926,703Liabilities 2019: $49,933Net Assets 2019: $876,7702019Assets 2020: $1,061,325Liabilities 2020: $234,705Net Assets 2020: $826,6202020Assets 2021: $1,166,630Liabilities 2021: $198,808Net Assets 2021: $967,8222021Assets 2022: $1,041,075Liabilities 2022: $213,852Net Assets 2022: $827,2232022Assets 2023: $931,479Liabilities 2023: $205,464Net Assets 2023: $726,0152023Assets 2024: $808,914Liabilities 2024: $178,262Net Assets 2024: $630,6522024

Highlighted filing

2022

Assets$1,041,075
Liabilities$213,852
Net Assets$827,223

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $647,4072010Revenue 2011: $734,774Expenses 2011: $858,952Net Income 2011: -$124,1782011Expenses 2012: $598,5082012Revenue 2013: $613,552Expenses 2013: $580,730Net Income 2013: $32,8222013Revenue 2014: $789,117Expenses 2014: $715,910Net Income 2014: $73,2072014Revenue 2015: $643,595Expenses 2015: $677,246Net Income 2015: -$33,6512015Revenue 2016: $630,258Expenses 2016: $645,554Net Income 2016: -$15,2962016Revenue 2017: $549,330Expenses 2017: $585,873Net Income 2017: -$36,5432017Revenue 2018: $693,952Expenses 2018: $629,801Net Income 2018: $64,1512018Revenue 2019: $678,000Expenses 2019: $642,912Net Income 2019: $35,0882019Revenue 2020: $300,167Expenses 2020: $376,144Net Income 2020: -$75,9772020Revenue 2021: $547,732Expenses 2021: $411,340Net Income 2021: $136,3922021Revenue 2022: $436,878Expenses 2022: $578,979Net Income 2022: -$142,1012022Revenue 2023: $471,783Expenses 2023: $585,947Net Income 2023: -$114,1642023Revenue 2024: $491,552Expenses 2024: $593,744Net Income 2024: -$102,1922024

Highlighted filing

2022

Revenue$436,878
Expenses$578,979
Net Income-$142,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 13, 2023
Return Version
2022v5.0
Gross Receipts
$470,439
Mission and Program Overview

Mission

To spark personal and professional transformation by empowering people with the skill set, tool set, and mindset of deliberate creativity.

To spark personal and professional transformation by empowering people with the skill set, tool set, and mindset of deliberate creativity. Cef's vision: to unlock the creative genius in everyone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$780,410$544,058▼ $236,352
Savings and Temporary Cash Investments-$155,254-
Investments in Publicly Traded Securities$169,936$135,867▼ $34,069
Accounts Receivable$25,285$25,041▼ $244
Inventories for Sale or Use$7,876$8,035▲ $159
Prepaid Expenses and Deferred Charges$4,973$6,714▲ $1,741
Land, Buildings, and Equipment, Net$2,090$2,254▲ $164
Pledges and Grants Receivable-$1,000-
Total Assets$1,166,630$1,041,075▼ $125,555
Other Assets Total$176,060$162,852▼ $13,208
Liabilities
Mortgage Notes Payable Secured by Investment Property$155,339$150,000▼ $5,339
Deferred Revenue$20,745$33,320▲ $12,575
Accounts Payable and Accrued Expenses$22,724$30,532▲ $7,808
Total Liabilities$198,808$213,852▲ $15,044
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$401,904$489,048▲ $87,144
Net Assets With Donor Restrictions$565,918$338,175▼ $227,743
Total Net Assets Fund Balance$967,822$827,223▼ $140,599
Total Liabilities and Net Assets / Fund Balance$1,166,630$1,041,075▼ $125,555

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,254$5,295$7,549
Other Assets Org$162,852--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$169,936-▼ $23,167$10,902$135,867
2021$181,179-▲ $9,562$20,805$169,936
2020$182,003-▲ $20,804$21,628$181,179
2019$167,184-▲ $21,619$6,800$182,003
2018$176,155-▼ $4,184$4,787$167,184
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary E MillerExecutive DirectorFT$113,728$7,969$121,697
Revenue and Support

Revenue Composition

Contributions and Grants
$153,791
Program Service Revenue
$277,522
Investment Income
$5,565
Other Revenue
$0
All Other Contributions
$153,791
Change in Net Assets
$-142,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$464,232
Revenue Not Reported on Financial Statements
$-27,354
Revenue Not Reported on Form 990
$21,592
Other Revenue Adjustments
$-28,241
Total Revenue per Audited Statements
$485,824
Total Revenue per Form 990
$436,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,084
Salaries, Compensation, and Employee Benefits$288,895
Total Fundraising Expense$37,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,933$35,268$1,395$142,596
Current Officers, Directors, Trustees, and Key Employees$47,976$47,749$26,074$121,799
Payroll Taxes$11,206$5,940$1,918$19,064
All Other Expenses$12,130$6,383$24$18,537
Travel$10,115$4,967$427$15,509
Fees for Services Other$15,037--$15,037
Fees for Services Accounting-$14,392-$14,392
Information Technology$5,761$2,702$5,652$14,115
Office Expenses$8,140$1,006$379$9,525
Other Expenses$7,500$643$100$8,143
Occupancy$2,914$2,554-$5,468
Other Employee Benefits$3,891$1,545-$5,436
Insurance$3,035$1,615$519$5,169
Interest-$4,291-$4,291
Depreciation Depletion$745$279$132$1,156
Fees for Service Investment Mgmnt Fees-$887-$887
Total Functional Expenses$358,553$183,120$37,306$578,979

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$626,423
Total Expenses per Form 990$578,979
Expenses per Audited Statements$578,092
Expenses Not Reported on Form 990$48,331
Expenses Not Reported on Financial Statements$887
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

The form 990 is presented to the finance committee of the board of trustees. The board reviews and approves the return before filing.

Form 990, Part VI, Section B, Line 12

The conflict of interest policy covers trustees, officers, and employees and is monitored by annual written information questionaire which are reviewed and maintained by the disclosure officer. The disclosure officer reviews each transaction to come before the board for potential or actual conflicts of interest. If potential or actual conflicts are identified, the disclosure officer shall determine if the actual or apparent conflict of interest exists. If so, or if the disclosure officer otherwise determines it to be in the best interests of cef, the disclosure officer shall refer the reportable event to the board. The board may approve a reportable event only if it determines in good faith that, under all of the circumstances, approval is in the best interests of, and fair and reasonable to, cef. The identified conflicts of interest and appropriate recusals are documented in the minutes of each board or committee meeting.

Form 990, Part VI, Section B, Line 15A

The board of trustees researches the compensation for comparable organizations via published not-for-profit compensation studies as well as other information as available as a guideline for executive compensation.

Form 990, Part VI, Section C, Line 19

The foundation makes its form 1023 and form 990's available upon request.

Filing and Contact Details

Filer

Filer Name
Creative Education Foundation Inc
EIN
16-0849832
Phone
5089600000
Address
46 WATCH HILL DR, SCITUATE, MA 02066

Signing Officer

Name
Mary Wisenski
Title
Treasurer
Phone
5089600000
Signed
2023-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Wisenski
Formed
1954
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
40

Preparer

Firm
Pue Chick Leibowitz & Blezard LLC
Address
76 SOUTH FRONTAGE ROAD, VERNON, CT 06066
Preparer
Jeremy S Brayer CPA
Phone
8608711722
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in split interest 28,241.

FORM 990, PART XII, LINE 2C:

No changes from the prior year in the oversight process or selection process.

Financial Statement Notes

PART V, LINE 4:

To provide program services.

PART X, LINE 2:

Management of the foundation evaluates all significant tax positions as required by u.s. Gaap. As of december 31, 2022, management does not believe that it has taken any tax position that would require the recording of any tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The foundation's informational returns are subject to examination by the appropriate taxing jurisdiction. As of december 31, 2022, the foundation's informational returns remain open for examination for three years after the date filed.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Changes in split interest agreement

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IRS990/ActivityOrMissionDesc0TO SPARK PERSONAL AND PROFESSIONAL TRANSFORMATION BY EMPOWERING PEOPLE WITH THE SKILL SET, TOOL SET, AND MINDSET OF DELIBERATE CREATIVITY. CEF'S VISION: TO UNLOCK THE CREATIVE GENIUS IN EVERYONE.
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IRS990/Desc0THE FOUNDATION CONDUCTS TWO ANNUAL, INTERNATIONAL CREATIVITY CONFERENCES - THE FLORIDA CREATIVITY CONFERENCE (FLCC) AND THE CREATIVE PROBLEM SOLVING INSTITUTE (CPSI) - WHICH WELCOME HUNDREDS OF PARTICIPANTS AND WHICH PRESENT DELIBERATE CREATIVITY AND CREATIVE LEADERSHIP WORKSHOPS FOR PERSONAL AND PROFESSIONAL DEVELOPMENT. THE CREATIVITY SKILLS AND TOOLS TAUGHT AT FLCC AND CPSI APPLY ACROSS SECTORS AND TO BOTH PERSONAL AND PROFESSIONAL CHALLENGES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PUBLISHES THE ACADEMIC JOURNAL ENTITLED THE "JOURNAL OF CREATIVE BEHAVIOR (JCB)" QUARTERLY. THE JOURNAL INCLUDES SCHOLARSHIP AND CURRENT RESEARCH IN CREATIVE THINKING AND PRACTICE. FOR MORE THAN FIVE DECADES, THE JCB HAS BEEN THE BENCHMARK ACADEMIC PERIODICAL IN THE FIELD. IT PROVIDES UP TO DATE, CUTTING EDGE ACADEMIC RESEARCH ABOUT CREATIVITY IN EDUCATION, PSYCHOLOGY, BUSINESS, THE ARTS, AND MORE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt025116
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt091043
IRS990/ProgSrvcAccomActy3Grp/Desc0CEF PROVIDES EDUCATION SERVICES THROUGH TRAINING AND CONSULTING ABOUT CREATIVE THINKING TECHNIQUES AND HOW PEOPLE CAN DEVELOP CREATIVITY ENVIRONMENTS TO SUPPORT CREATIVE PROBLEM SOLVING AND INNOVATION: 1. CEF'S EDUCATOR TRAINING PROGRAMS TRAINS EDUCATORS HOW TO INTEGRATE CREATIVE PROBLEM SOLVING TOOLS AND SKILLS IN THE CLASSROOM. 2. CEF'S EDUCATOR FACILITATION PROGRAMS FACILITATE EDUCATIONAL ADMINISTRATORS IN CREATIVE PROBLEM SOLVING SO THEY CAN BUILD INNOVATIVE SOLUTIONS TO COMPLEX CHALLENGES AND OPPORTUNITIES. 3. CEF'S YOUTHWISE PROGRAM TEACHES YOUNG PEOPLE HOW TO APPLY CREATIVE PROBLEM SOLVING AND OTHER DELIBERATE CREATIVITY TECHNIQUES THROUGHOUT THEIR LIVES. 4. CEF'S PARNES FELLOWSHIP TRAINS RISING COMMUNITY LEADERS IN CREATIVE PROBLEM SOLVING. 5. CEF'S NOLLER PRIZE RECOGNIZES CUTTING EDGE RESEARCH IN THE FIELD OF CREATIVITY AND INNOVATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt067339
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt027187
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE FOUNDATION PUBLISHES AND SELLS BOOKS BY THE FOUNDER AND OTHER MEMBERS OF THE CREATIVE THINKING COMMUNITY, DEVELOPS RESOURCE MATERIALS AND GUIDES AND BUILDS PARTNERSHIPS WITHIN THE CREATIVE THINKING COMMUNITY. THE CREATIVE EDUCATION FOUNDATION ALSO ADMINISTERS THE RUTH B. NOLLER RESEARCH GRANT WHICH IS AWARDED ANNUALLY TO AN INDIVIDUAL DOING CUTTING EDGE RESEARCH IN THE FIELD OF CREATIVITY, AS WELL AS THE SIDNEY J. PARNES GLOBAL FELLOWSHIP PROGRAM, WHICH SELECTS A COHORT OF 3 FELLOWS, BIANNUALLY, AND PROVIDES THEM WITH THE CREATIVE PROBLEM SOLVING AND LEADERSHIIP TRAINING SO THEY CAN ADDRESS CRITICAL SOCIAL ISSUES IN THEIR HOME CITIES AND COUNTRIES.
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02684
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IRS990/ScheduleBRequiredInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.81$0.18$0.63$0.49$0.59$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.93$0.21$0.73$0.47$0.59$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.21$0.83$0.44$0.58$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.20$0.97$0.55$0.41$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.06$0.23$0.83$0.30$0.38$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.05$0.88$0.68$0.64$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.03$0.81$0.69$0.63$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$0.55$0.59$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.05$0.78$0.63$0.65$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.05$0.80$0.64$0.68$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$0.79$0.72$0.07
2013Summary only. Only limited summary data is available for this year.$0.82$0.06$0.75$0.61$0.58$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.07$0.72$0.60
2011Summary only. Only limited summary data is available for this year.$0.30$0.18$0.11$0.73$0.86$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.08$0.26$0.65