The Center for Recreation Education Arts Technology & Enterprise Inc.

“| Other Expenses:, Amount:| Advertising-Promotion, $1135| Auto Expenses, $1850| Event Expenses, $5750| Offc Supplies and Materials, $1416| Professional Services, $2350| Repairs and Maintenece, $1150| Travel and Meals, $2200| Utilities and Internet, $1318| Misc. Band Fees, $600|”

“| Explanation:, BOYAmount:, EOYAmount:| See Schedule O, $0, $15665|”

“| Explanation:| 1 Explanation of Change in Net Assets and Balance Sheet Adjustment During 2024 the organization recognized approximately $12,000 in accumulated depreciation on its facility and improvements to reflect the book value of fixed assets. The organization also recorded a short-term loan of $15,665 used for program operations and cash-flow purposes reported on Part II Line 26. These non-cash and non-revenue transactions account for the difference between beginning and ending net assets in Part I and Part II. Cash balances and program activity remained consistent with the prior year.”

“| Explanation:| 2 Accounting Method The organization prepares its return on the cash basis of accounting consistent with its QuickBooks records. Revenue is reported when received and expenses when paid.”

“| Explanation:| 3 Prior-Year Information The beginning-of-year balances reported on this return agree with the ending balances on the organizations 2023 cash basis.”

“| Explanation:| 4 Description of Program Services CREATE Inc. provides community-based arts recreation and educational programs promoting health wellness and youth engagement in Baldwin County and Middle Georgia. Key programs during 2024 included the ArtHealthy Festival 2nd Saturday FunCause Events and Jobs through Arts Media & Music JAMM youth development initiative.”

“| Explanation:| 5 Fundraising Activities if applicable for your ArtHealthy events The organization conducted limited fundraising events such as ArtHealthy Festival activities and FunCause Saturdays. Proceeds from these events support CREATE Inc.s community wellness and youth arts programs.”

“| Explanation:| 6 Governance No Paid Staff Disclosure The organization had no paid employees or consultants during 2024. All programs and administrative functions were carried out by volunteers and board members.”

“| Explanation:| 7 Fixed Assets Statement The organizations facility and improvements are recorded at a cost of $426,000 with accumulated depreciation recognized to date of approximately $12,000 leaving a net book value of $414,000 as of December 31 2024.”

“| Explanation:| 8 Explanation of Liabilities The organization reported a short-term loan of $15,665 outstanding at year-end. The loan was obtained for program cash-flow purposes and is expected to be repaid in 2025. No long-term debt was outstanding.”

“| Explanation:| 9 Transparency Statement Optional Catch-All The information on this return is consistent with the organizations internal financial records. All variances between the financial statements and this return are due to timing differences and non-cash adjustments.”