Civic Intelligence

Create Foundation Inc.

990 • Fiscal year 2015 • EIN 23-7248582

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 04, 2016

PO Box 1053Tupelo, MS 38802

(662) 844-8989

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

25th percentile

$215,310

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

63rd percentile

4.6%

Faster asset growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-14%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$89,719,808

Up $3,946,989 (+4.6%) from 2014

Net Assets

Up

$89,719,808

Up $3,946,989 (+4.6%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$14,478,419

Down $2,437,380 (-14%) from 2014

Expenses

Down

$8,020,684

Down $315,632 (-3.8%) from 2014

Net Income

Down

$6,457,735

Down $2,121,748 (-25%) from 2014

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $53,580,620Liabilities 2010: $141,964Net Assets 2010: $53,438,6562010Assets 2012: $65,353,647Liabilities 2012: $66,723Net Assets 2012: $65,286,9242012Assets 2013: $76,299,063Liabilities 2013: $27,229Net Assets 2013: $76,271,8342013Assets 2014: $85,772,819Liabilities 2014: $0Net Assets 2014: $85,772,8192014Assets 2015: $89,719,808Liabilities 2015: $0Net Assets 2015: $89,719,8082015Assets 2016: $101,840,264Liabilities 2016: $0Net Assets 2016: $101,840,2642016Assets 2017: $118,445,379Liabilities 2017: $0Net Assets 2017: $118,445,3792017Assets 2018: $108,869,980Liabilities 2018: $0Net Assets 2018: $108,869,9802018Assets 2019: $134,524,324Liabilities 2019: $0Net Assets 2019: $134,524,3242019Assets 2020: $144,701,428Liabilities 2020: $0Net Assets 2020: $144,701,4282020Assets 2021: $167,174,510Liabilities 2021: $0Net Assets 2021: $167,174,5102021Assets 2022: $145,002,531Liabilities 2022: $0Net Assets 2022: $145,002,5312022

Highlighted filing

2015

Assets$89,719,808
Liabilities$0
Net Assets$89,719,808

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $10,530,5182010Expenses 2012: $5,904,5512012Revenue 2013: $12,775,271Expenses 2013: $6,578,783Net Income 2013: $6,196,4882013Revenue 2014: $16,915,799Expenses 2014: $8,336,316Net Income 2014: $8,579,4832014Revenue 2015: $14,478,419Expenses 2015: $8,020,684Net Income 2015: $6,457,7352015Revenue 2016: $19,398,151Expenses 2016: $10,384,301Net Income 2016: $9,013,8502016Revenue 2017: $16,037,851Expenses 2017: $8,181,939Net Income 2017: $7,855,9122017Revenue 2018: $17,806,380Expenses 2018: $8,679,808Net Income 2018: $9,126,5722018Revenue 2019: $26,502,461Expenses 2019: $10,705,525Net Income 2019: $15,796,9362019Revenue 2020: $14,919,581Expenses 2020: $12,983,319Net Income 2020: $1,936,2622020Revenue 2021: $21,098,811Expenses 2021: $11,906,188Net Income 2021: $9,192,6232021Revenue 2022: $17,703,695Expenses 2022: $14,742,729Net Income 2022: $2,960,9662022

Highlighted filing

2015

Revenue$14,478,419
Expenses$8,020,684
Net Income$6,457,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 4, 2016
Return Version
2015v2.1
Gross Receipts
$14,661,446
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$56,574,382$60,643,712▲ $4,069,330
Investments Other Securities$24,309,502$24,382,483▲ $72,981
Savings and Temporary Cash Investments$2,630,426$2,494,115▼ $136,311
Land, Buildings, and Equipment, Net$1,919,923$1,862,817▼ $57,106
Cash and Non-Interest-Bearing Accounts$2$-2▼ $4
Total Assets$85,772,819$89,719,808▲ $3,946,989
Other Assets Total$338,584$336,683▼ $1,901
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$54,885,978$58,397,359▲ $3,511,381
Unrestricted Net Assets$23,799,599$23,668,089▼ $131,510
Temporarily Rstr Net Assets$7,087,242$7,654,360▲ $567,118
Total Net Assets Fund Balance$85,772,819$89,719,808▲ $3,946,989
Total Liabilities and Net Assets / Fund Balance$85,772,819$89,719,808▲ $3,946,989

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,475,366$449,624$1,924,990
Land$365,525-$365,525
Equipment$21,926$177,849$199,775
Closely Held Equity Interests$24,382,483--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$54,920,827$6,805,933▼ $728,257$1,413,610$58,431,850
2014$47,334,152$7,289,956▲ $2,551,175$1,043,875$54,920,827
2013$36,708,085$6,146,988▲ $6,431,736$1,062,983$47,334,152
2012$28,951,489$5,614,170▲ $4,163,806$982,028$36,708,085
2011$25,607,821$5,680,887▼ $566,480$1,055,478$28,951,489
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clay FosterDirector-$195,591$18,222$213,813
Lewis WhitfieldSenior V.p.FT$126,757$12,150$138,907
C Juanita FloydV.p. of FinaFT$81,605$7,616$89,221
Beverly WilliamsDirector ofFT$35,497$3,377$38,874
Katie StuartDirector ofFT$20,601-$20,601

Highest Paid Contractors

ContractorServicesLocationCompensation
Mr Chuck E GarrettWellspring Cons1303 SOUTH CENTRAL, New Albany, MS 38652$135,000
Revenue and Support

Revenue Composition

Contributions and Grants
$12,504,728
Program Service Revenue
$32,208
Investment Income
$2,029,078
Other Revenue
$-87,595
All Other Contributions
$10,450,945
Change in Net Assets
$6,457,735

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded26$439,380AVG. PRICE @ DATE OF GIFT
Secur Prtnrshp Trust Intrsts1$238,500Estimated Capital Balance
Total Noncash Contributions27$677,880-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,478,419
Revenue Not Reported on Form 990
$-2,162,200
Total Revenue per Audited Statements
$12,316,219
Total Revenue per Form 990
$14,478,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,461,969
Other Expenses$860,637
Salaries, Compensation, and Employee Benefits$698,078
Total Fundraising Expense$244,480
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,197,689--$6,197,689
Current Officers, Directors, Trustees, and Key Employees$216,458$178,376$65,219$460,053
Grants to Domestic Individuals$264,280--$264,280
Fees for Service Investment Mgmnt Fees-$125,950-$125,950
Insurance$7,295$8,342$102,070$117,707
Other Salaries and Wages$37,871$36,877$21,280$96,028
Other Employee Benefits$34,979$16,400$6,590$57,969
Office Expenses$32,487$12,643$5,081$50,211
Pension Plan Contributions$28,718$12,160$4,886$45,764
Occupancy$1,738$41,129$591$43,458
Payroll Taxes$24,096$10,107$4,061$38,264
Conferences and Meetings$17,960$7,210-$25,170
Information Technology-$24,326-$24,326
Travel$13,848$7,019$2,821$23,688
Depreciation Depletion-$14,566-$14,566
Fees for Services Accounting-$12,500-$12,500
All Other Expenses$4,984$2,484$797$8,265
Other Expenses$3,561$3,013$1,211$7,785
Total Functional Expenses$7,255,693$520,511$244,480$8,020,684

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,203,708
Total Expenses per Form 990$8,020,684
Expenses per Audited Statements$8,020,681
Expenses Not Reported on Form 990$183,027
Expenses Not Reported on Financial Statements$3
Other Expense Adjustments$3
International Activity

Grant and Assistance Recipients

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
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
Yes
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, Page 6, Part VI, Line 11B

The information return was provided to the organization's president for review prior to submission.

Form 990, Page 6, Part VI, Line 12C

Written conflict of interest statements are submitted to the executive director

Form 990, Page 6, Part VI, Line 15A

Salary survey done by council on foundations and other documentation are submitted to the organization's executive committee prior to approval of compensation adjustments for the president

Form 990, Page 6, Part VI, Line 15B

The same system utilized for the president's compensation is utilized in developing compensation amounts for executive and non-executive staff.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Create Foundation
EIN
23-7248582
Phone
6628448989
Address
PO BOX 1053, TUPELO, MS 38802

Signing Officer

Name
Michael K Clayborne
Title
President
Phone
6628448989
Signed
2016-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael K Clayborne
Formed
1972
Legal Domicile
Ms
Voting Board Members
27
Independent Board Members
26
Employees
8

Preparer

Firm
Nail Mckinney Professional Association
Address
PO BOX 150 805 HWY 348, NEW ALBANY, MS 38652
Preparer
James Pegues CPA
Phone
6625347681
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Part XI, Line 9

Change in equity of journal, inc. -165,519 total -165,519

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization's endowment funds are divided among field of interest categories. Organizational/agency endowment are generally for the benefit of specific programs or other nonprofit organizations as specified in the underlying endowment fund agreement. Scholarship endowments are established for perpetual scholarship programs as specified in the underlying endowment agreement. Education endowment funds are more broad- based endowments to support local education inititiatives in the 17 county area served by the organization. Field of interest endowment funds are set aside to provide perpetual funding for specific fields of interest of the applicable donor consistent with the underlying endowment agreement. Community endowment funds are established to support program inititiatives and grant awards in each of the communities that have established such an endowment in the organization's 17 county region. Designated endowment funds are generally designated by the donor in support of a specific designee. Endowment fund net assets are generally categorized as permanently restricted even though the investment committee of the board of directors establishes a spending policy with respect to endowment fund assets. The spending policy can result in the expenditure of endowment principal should investment earnings be insufficient in any particular year.

Schedule D, Page 4, Part XI, Line 2D

Rental expenses not netted against rental income in 0 financial statements 183,027

Schedule D, Page 4, Part XII, Line 2D

Rental expenses not netted against rental income in 0 financial statements 183,027

Schedule D, Page 4, Part XII, Line 4B

Rounding 2 book / tax depreciation difference 1

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$0.00$145$17.7$14.7$2.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$167$0.00$167$21.1$11.9$9.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$0.00$145$14.9$13.0$1.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$135$0.00$135$26.5$10.7$15.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$0.00$109$17.8$8.68$9.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$0.00$118$16.0$8.18$7.86
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$0.00$102$19.4$10.4$9.01
2015Detailed filing. Detailed filing data is available for this year.$89.7$0.00$89.7$14.5$8.02$6.46
2014Detailed filing. Detailed filing data is available for this year.$85.8$0.00$85.8$16.9$8.34$8.58
2013Detailed filing. Detailed filing data is available for this year.$76.3$0.03$76.3$12.8$6.58$6.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.4$0.07$65.3$5.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.6$0.14$53.4$10.5
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $50M-$100M nonprofits