Civic Intelligence

Create Foundation Inc.

990 • Fiscal year 2022 • EIN 23-7248582

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 03, 2023

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.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

2nd percentile

0.00x

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

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

18th percentile

$247,444

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Down

$145,002,531

Down $22,171,979 (-13%) from 2021

Net Assets

Down

$145,002,531

Down $22,171,979 (-13%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$17,703,695

Down $3,395,116 (-16%) from 2021

Expenses

Up

$14,742,729

Up $2,836,541 (+24%) from 2021

Net Income

Down

$2,960,966

Down $6,231,657 (-68%) from 2021

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

2022

Assets$145,002,531
Liabilities$0
Net Assets$145,002,531

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

2022

Revenue$17,703,695
Expenses$14,742,729
Net Income$2,960,966
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 3, 2023
Return Version
2022v5.0
Gross Receipts
$17,777,678
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$137,683,969$113,623,631▼ $24,060,338
Savings and Temporary Cash Investments$14,120,792$18,412,838▲ $4,292,046
Investments Other Securities$13,238,625$10,835,243▼ $2,403,382
Land, Buildings, and Equipment, Net$1,866,386$1,831,769▼ $34,617
Cash and Non-Interest-Bearing Accounts$-5$-5→ $0
Total Assets$167,174,510$145,002,531▼ $22,171,979
Other Assets Total$264,743$299,055▲ $34,312
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$151,193,177$133,589,994▼ $17,603,183
Net Assets Without Donor Restrictions$15,981,333$11,412,537▼ $4,568,796
Total Net Assets Fund Balance$167,174,510$145,002,531▼ $22,171,979
Total Liabilities and Net Assets / Fund Balance$167,174,510$145,002,531▼ $22,171,979

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,365,525-$1,365,525
Buildings$434,693$569,298$1,003,991
Equipment$31,551$174,190$205,741
Closely Held Equity Interests$10,835,243--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$133,679,844$2,261,940▼ $19,928,555$-3,314,204$110,745,279
2021$117,995,385$4,202,593▲ $16,816,906$-3,347,728$133,679,844
2020$109,145,255$2,503,447▲ $11,663,226$3,694,180$117,995,385
2019$82,318,810$8,527,710▲ $16,623,110$-3,093,027$109,145,255
2018$85,664,399$8,592,608▼ $8,259,181$2,372,044$82,318,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael K ClaybornePresidentFT$247,444$247,444
Kristy LuseVP - ToyotaFT$119,028$119,028
Juanita FloydSenior V.p.FT$111,295$111,295
Lewis WhitfieldSenior V.p.FT$103,419$103,419

Board Members and Trustees

NameTitle
Lisa HawkinsChairman
Bryan WilsonPast Chairma
Mary ChildsVice Chairma
Aubrey PattersonDirector
Becky RollinsDirector
Bo CollinsDirector
Bobby HarperDirector
Brian QuinnDirector
David FernandesDirector
Dr David ShawDirector
Grace ClarkDirector
Guy Mitchell IiiDirector
Jack Reed JrDirector
Jason BrooksDirector
Julie HenryDirector
Kirk LewisDirector
Larry KirkDirector
Lee TuckerDirector
Mark TappDirector
Mitch WaycasterDirector
Phil FaulknerDirector
Robin MccormickDirector
Robyn TannehillDirector
Shane SpeesDirector
William BronsonDirector
Randy LongSecretary
David RumbargerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,938,033
Program Service Revenue
$32,732
Investment Income
$2,763,513
Other Revenue
$-30,583
All Other Contributions
$14,864,139
Change in Net Assets
$2,960,966

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 Traded29$698,149AVG. PRICE @ DATE OF GIFT
Total Noncash Contributions29$698,149-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,703,695
Revenue Not Reported on Form 990
$-22,724,359
Total Revenue per Audited Statements
$-5,020,664
Total Revenue per Form 990
$17,703,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,043,632
Salaries, Compensation, and Employee Benefits$1,227,296
Other Expenses$471,801
Total Fundraising Expense$418,551
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$12,526,940--$12,526,940
Current Officers, Directors, Trustees, and Key Employees$220,928$233,515$84,120$538,563
Grants to Domestic Individuals$516,692--$516,692
Other Salaries and Wages$237,745$56,560$165,795$460,100
Office Expenses$45,735$28,925$23,674$98,334
Other Employee Benefits$59,677$19,150$15,674$94,501
Insurance$14,182$23,327$54,926$92,435
Payroll Taxes$47,403$11,245$9,204$67,852
Pension Plan Contributions$43,627$12,457$10,196$66,280
Information Technology-$50,268-$50,268
Occupancy$2,025$30,731$1,048$33,804
All Other Expenses$14,099$11,709$7,298$33,106
Conferences and Meetings$15,457$7,678-$23,135
Fees for Services Accounting-$21,970-$21,970
Other Expenses$7,970$5,040$4,125$17,135
Travel$10,147$3,647$2,985$16,779
Depreciation Depletion-$9,963-$9,963
Total Functional Expenses$13,792,691$531,487$418,551$14,742,729

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,816,712
Total Expenses per Form 990$14,742,729
Expenses per Audited Statements$14,742,728
Expenses Not Reported on Form 990$73,984
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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 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
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
Juanita Floyd
Title
Senior V.p. Finance
Phone
6628448989
Signed
2023-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael K Clayborne
Formed
1972
Legal Domicile
Ms
Voting Board Members
27
Independent Board Members
27
Employees
10

Preparer

Firm
Nail Mckinney Professional Association
Address
PO BOX 196, TUPELO, MS 38802-0196
Preparer
James Pegues CPA
Phone
6628426475
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

Increase in equity of journal, inc. 0 change in equity of journal, inc. -2,334,603 total -2,334,603

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 73,983

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

ROUNDING 0

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

Rental expenses not netted against rental income in 0 financial statements 73,984

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

ROUNDING 1

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

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