Civic Intelligence

Global Center for Cultural Entrepre

EIN 26-0718018 • 501(c)3 • Santa Fe, NM

Profile

Global center for cultural entrepreneurship dba creative startups (the organization), a non-profit new mexico organization, was incorporated and approved by the internal revenue service as a section 501(c)(3)

441 Greg Ave 202Santa Fe, NM 87501

www.creativestartups.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.02x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

0.01x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

65th percentile

10%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

35%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$407,027

Down $96,740 (-19%) from 2023

Liabilities

Down

$65,835

Down $13,216 (-17%) from 2023

Net Assets

Down

$341,192

Down $83,524 (-20%) from 2023

Operations
Liabilities / Revenue49th percentileNet Margin63rd percentile

Revenue

Down

$618,533

Down $84,475 (-12%) from 2023

Expenses

Down

$702,057

Down $143,399 (-17%) from 2023

Net Income

Up

-$83,524

Up $58,924 (+41%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $138,821Liabilities 2010: $21,346Net Assets 2010: $117,4752010Assets 2011: $53,407Liabilities 2011: $10,000Net Assets 2011: $43,4072011Assets 2012: $141,185Liabilities 2012: $25,247Net Assets 2012: $115,9382012Assets 2013: $57,093Liabilities 2013: $14,146Net Assets 2013: $42,9472013Assets 2015: $59,130Liabilities 2015: $12,384Net Assets 2015: $46,7462015Assets 2016: $192,545Liabilities 2016: $32,800Net Assets 2016: $159,7452016Assets 2017: $295,779Liabilities 2017: $49,119Net Assets 2017: $246,6602017Assets 2018: $216,343Liabilities 2018: $24,382Net Assets 2018: $191,9612018Assets 2019: $195,537Liabilities 2019: $30,901Net Assets 2019: $164,6362019Assets 2020: $364,283Liabilities 2020: $53,140Net Assets 2020: $311,1432020Assets 2021: $460,629Liabilities 2021: $62,296Net Assets 2021: $398,3332021Assets 2022: $508,268Liabilities 2022: $11,718Net Assets 2022: $496,5502022Assets 2023: $503,767Liabilities 2023: $79,051Net Assets 2023: $424,7162023Assets 2024: $407,027Liabilities 2024: $65,835Net Assets 2024: $341,1922024

Highlighted filing

2024

Assets$407,027
Liabilities$65,835
Net Assets$341,192
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $253,588Expenses 2010: $155,152Net Income 2010: $98,4362010Expenses 2011: $339,7892011Expenses 2012: $438,8952012Expenses 2013: $262,3402013Revenue 2015: $246,621Expenses 2015: $246,115Net Income 2015: $5062015Revenue 2016: $499,054Expenses 2016: $386,055Net Income 2016: $112,9992016Revenue 2017: $719,932Expenses 2017: $633,017Net Income 2017: $86,9152017Revenue 2018: $627,727Expenses 2018: $682,426Net Income 2018: -$54,6992018Revenue 2019: $687,949Expenses 2019: $715,274Net Income 2019: -$27,3252019Revenue 2020: $781,203Expenses 2020: $634,696Net Income 2020: $146,5072020Revenue 2021: $608,608Expenses 2021: $521,418Net Income 2021: $87,1902021Revenue 2022: $821,438Expenses 2022: $723,221Net Income 2022: $98,2172022Revenue 2023: $703,008Expenses 2023: $845,456Net Income 2023: -$142,4482023Revenue 2024: $618,533Expenses 2024: $702,057Net Income 2024: -$83,5242024

Highlighted filing

2024

Revenue$618,533
Expenses$702,057
Net Income-$83,524
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$407,027
Liabilities
$65,835
Net assets
$341,192
Revenue
$618,533
Expenses
$702,057
Net income
-$83,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.07$0.66$3.41$6.19$7.02$0.84
2023Detailed filing. Detailed filing data is available for this year.$5.04$0.79$4.25$7.03$8.45$1.42
2022Detailed filing. Detailed filing data is available for this year.$5.08$0.12$4.97$8.21$7.23$0.98
2021Detailed filing. Detailed filing data is available for this year.$4.61$0.62$3.98$6.09$5.21$0.87
2020Detailed filing. Detailed filing data is available for this year.$3.64$0.53$3.11$7.81$6.35$1.47
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.31$1.65$6.88$7.15$0.27
2018Detailed filing. Detailed filing data is available for this year.$2.16$0.24$1.92$6.28$6.82$0.55
2017Detailed filing. Detailed filing data is available for this year.$2.96$0.49$2.47$7.20$6.33$0.87
2016Detailed filing. Detailed filing data is available for this year.$1.93$0.33$1.60$4.99$3.86$1.13
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.12$0.47$2.47$2.46$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.14$0.43$2.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.25$1.16$4.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.10$0.43$3.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.21$1.17$2.54$1.55$0.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$618,533
Mission and Program Overview

Mission

Support creative & cultural entrepreneurs working to create and scale their enterprises, advocate for the importance of creative & cultural entrepreneurship and the value of a creative & cultural economy, and connect a global network of creative & cultural entrepreneurs

Creative startups purpose is to support creative and cultural entrepreneurs while working to create and scale their enterprises, by advocating for the importance of creative and cultural entrepreneurship, the organization places a high value on startup eco-systems that connect global networks of cultural and creative entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$230,457$208,305▼ $22,152
Savings and Temporary Cash Investments$92,341$97,334▲ $4,993
Pledges and Grants Receivable$150,306$80,013▼ $70,293
Intangible Assets$14,679$11,836▼ $2,843
Prepaid Expenses and Deferred Charges$2,365$4,112▲ $1,747
Land, Buildings, and Equipment, Net$4,140$3,004▼ $1,136
Inventories for Sale or Use-$21-
Total Assets$503,767$407,027▼ $96,740
Other Assets Total$9,479$2,402▼ $7,077
Liabilities
Accounts Payable and Accrued Expenses$70,095$64,011▼ $6,084
Other Liabilities$8,956$1,824▼ $7,132
Total Liabilities$79,051$65,835▼ $13,216
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$424,716$341,192▼ $83,524
Total Net Assets Fund Balance$424,716$341,192▼ $83,524
Total Liabilities and Net Assets / Fund Balance$503,767$407,027▼ $96,740

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,004$6,450$9,454
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Alice LoyExecutive DiFT$99,096$99,096

Board Members and Trustees

NameTitle
Candice OwensBoard Chair
Brian RashopDirector
Denise LoveDirector
Lee FrancisDirector
Miriam DiddyDirector
Roman PonosDirector
Sandy ZaneDirector
Trevor WolfeDirector
Bob BordenSecretary
Steve PrickettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,209
Program Service Revenue
$431,221
Investment Income
$5,103
Other Revenue
$0
All Other Contributions
$21,184
Change in Net Assets
$-83,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$618,533
Total Revenue per Audited Statements
$618,533
Total Revenue per Form 990
$618,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$458,060
Salaries, Compensation, and Employee Benefits$243,997
Total Fundraising Expense$65,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,853$23,921$8,071$131,845
Current Officers, Directors, Trustees, and Key Employees$59,458$14,864$24,774$99,096
Advertising$36,516-$9,129$45,645
Travel$27,072-$14,538$41,610
Fees for Services Legal$26,109$424$5,085$31,618
Insurance$257$20,894$86$21,237
Information Technology$14,975$3,087-$18,062
Other Expenses$6,826$6,826$800$14,452
All Other Expenses$3,662$9,991$373$14,026
Fees for Services Accounting-$13,766-$13,766
Payroll Taxes$6,528$4,348$2,180$13,056
Office Expenses$9,735$957-$10,692
Occupancy$1,688$6,752-$8,440
Fees for Service Investment Mgmnt Fees$947$5,047$316$6,310
Depreciation Depletion-$3,979-$3,979
Total Functional Expenses$517,873$118,832$65,352$702,057

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$702,057
Total Expenses per Audited Statements$702,057
Total Expenses per Form 990$702,057
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$1,824
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, Page 6, Part VI, Line 11B

“The board treasurer and finance committee review the form 990 and report to the board before filing.”

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

“The board of directors reviews the conflict of interest policy annually. All new members are required to discuss and sign the policy.”

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

“The board used census data to determine compensation. It approved the statistical date and the result.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Global Center for Cultural Entrepre
EIN
26-0718018
Phone
5052635180
Address
441 GREG AVE 202, SANTA FE, NM 87501
Doing Business As
Creative Startups

Signing Officer

Name
Alice Loy
Title
Executive Director
Phone
5052635180
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alice Loy
Formed
2007
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
4

Preparer

Firm
Mp Group Inc
Address
8500 MENAUL BLVD NE STE B262, ALBUQUERQUE, NM 87112
Preparer
Donna Peace
Phone
5053402020
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“The organization provided entrepreneurship education for artists and american entrepreneurs, helping them develop essential business skills. The organization also conducted outreach to sacramento's creative entrepreneurs, offering a 12-week accelerator program called "everyday creative" to help scale their businesses. Creative startups has engaged in community organizing efforts to connect entrepreneurs with resources and capital, including opportunities for non- dilutive impact investments ranging from 3,000 to 5,000. Additionally, the organization continued to develop and refine their curriculum, which has been used widely in university classrooms, to assist creative entrepreneurs in raising capital and growing their businesses. Through these efforts, creative startups has contributed to the growth of the creative economy, with their supported companies raising over 300 million in venture financing and creating over 4,000 new jobs.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has been classified as an other-than private foundation and is tax-exempt under section 501(c)(3) of the internal revenue code, although subject to tax on income from unrelated business. Management believes that none of the present activities of the center are subject to taxation as unrelated business income. The organization adopted recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN CLASSIFIED AS AN OTHER-THAN PRIVATE FOUNDATION AND IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, ALTHOUGH SUBJECT TO TAX ON INCOME FROM UNRELATED BUSINESS. MANAGEMENT BELIEVES THAT NONE OF THE PRESENT ACTIVITIES OF THE CENTER ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION ADOPTED RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDED ENTREPRENEURSHIP EDUCATION FOR ARTISTS AND AMERICAN ENTREPRENEURS, HELPING THEM DEVELOP ESSENTIAL BUSINESS SKILLS. THE ORGANIZATION ALSO CONDUCTED OUTREACH TO SACRAMENTO'S CREATIVE ENTREPRENEURS, OFFERING A 12-WEEK ACCELERATOR PROGRAM CALLED "EVERYDAY CREATIVE" TO HELP SCALE THEIR BUSINESSES. CREATIVE STARTUPS HAS ENGAGED IN COMMUNITY ORGANIZING EFFORTS TO CONNECT ENTREPRENEURS WITH RESOURCES AND CAPITAL, INCLUDING OPPORTUNITIES FOR NON- DILUTIVE IMPACT INVESTMENTS RANGING FROM 3,000 TO 5,000. ADDITIONALLY, THE ORGANIZATION CONTINUED TO DEVELOP AND REFINE THEIR CURRICULUM, WHICH HAS BEEN USED WIDELY IN UNIVERSITY CLASSROOMS, TO ASSIST CREATIVE ENTREPRENEURS IN RAISING CAPITAL AND GROWING THEIR BUSINESSES. THROUGH THESE EFFORTS, CREATIVE STARTUPS HAS CONTRIBUTED TO THE GROWTH OF THE CREATIVE ECONOMY, WITH THEIR SUPPORTED COMPANIES RAISING OVER 300 MILLION IN VENTURE FINANCING AND CREATING OVER 4,000 NEW JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD TREASURER AND FINANCE COMMITTEE REVIEW THE FORM 990 AND REPORT TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY. ALL NEW MEMBERS ARE REQUIRED TO DISCUSS AND SIGN THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD USED CENSUS DATA TO DETERMINE COMPENSATION. IT APPROVED THE STATISTICAL DATE AND THE RESULT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
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