Civic Intelligence

Creativefuture Inc

990 • Fiscal year 2021 • EIN 45-1647569

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 04, 2022

4525 Wilshire Blvd Suite Ste 150Los Angeles, CA 90010-3846

(323) 591-3012

Siviq Scores

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

Liabilities / Assets

61st percentile

0.21x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.12x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

19th percentile

-1.5%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$709,547

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

4th percentile

-17%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

24th percentile

-5.3%

Faster revenue growth than 24% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,231,755

Down $257,150 (-17%) from 2020

Net Assets

Down

$967,343

Down $33,243 (-3.3%) from 2020

Liabilities

Down

$264,412

Down $223,907 (-46%) from 2020

Revenue

Down

$2,250,000

Down $125,000 (-5.3%) from 2020

Expenses

Up

$2,283,243

Up $58,680 (+2.6%) from 2020

Net Income

Down

-$33,243

Down $183,680 (-122%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $2,031,100Liabilities 2013: $2,031,100Net Assets 2013: $02013Assets 2014: $1,386,419Liabilities 2014: $1,386,419Net Assets 2014: $02014Assets 2015: $1,046,369Liabilities 2015: $1,046,369Net Assets 2015: $02015Assets 2016: $1,256,541Liabilities 2016: $672,160Net Assets 2016: $584,3812016Assets 2017: $943,545Liabilities 2017: $341,704Net Assets 2017: $601,8412017Assets 2018: $1,258,313Liabilities 2018: $508,825Net Assets 2018: $749,4882018Assets 2019: $1,581,768Liabilities 2019: $731,619Net Assets 2019: $850,1492019Assets 2020: $1,488,905Liabilities 2020: $488,319Net Assets 2020: $1,000,5862020Assets 2021: $1,231,755Liabilities 2021: $264,412Net Assets 2021: $967,3432021Assets 2022: $900,408Liabilities 2022: $354,354Net Assets 2022: $546,0542022Assets 2023: $634,185Liabilities 2023: $168,414Net Assets 2023: $465,7712023Assets 2024: $1,537,099Liabilities 2024: $967,757Net Assets 2024: $569,3422024

Highlighted filing

2021

Assets$1,231,755
Liabilities$264,412
Net Assets$967,343

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2013: $1,939,170Expenses 2013: $1,939,170Net Income 2013: $02013Revenue 2014: $2,681,896Expenses 2014: $2,681,896Net Income 2014: $02014Revenue 2015: $3,780,281Expenses 2015: $3,780,281Net Income 2015: $02015Revenue 2016: $3,502,748Expenses 2016: $2,918,367Net Income 2016: $584,3812016Revenue 2017: $3,082,000Expenses 2017: $3,064,540Net Income 2017: $17,4602017Revenue 2018: $3,000,000Expenses 2018: $2,852,353Net Income 2018: $147,6472018Revenue 2019: $2,800,000Expenses 2019: $2,699,339Net Income 2019: $100,6612019Revenue 2020: $2,375,000Expenses 2020: $2,224,563Net Income 2020: $150,4372020Revenue 2021: $2,250,000Expenses 2021: $2,283,243Net Income 2021: -$33,2432021Revenue 2022: $2,475,000Expenses 2022: $2,896,289Net Income 2022: -$421,2892022Revenue 2023: $2,975,000Expenses 2023: $3,055,283Net Income 2023: -$80,2832023Revenue 2024: $2,964,902Expenses 2024: $2,861,332Net Income 2024: $103,5702024

Highlighted filing

2021

Revenue$2,250,000
Expenses$2,283,243
Net Income-$33,243
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 4, 2022
Return Version
2021v4.2
Gross Receipts
$2,250,000
Mission and Program Overview

Mission

We're mobilizing our members to speak up about creativity's cultural and economic value, the importance of copyright in protecting creativity, and the massive harm caused by the global theft of our creative works. Millions of creatives and thousands of businesses around the world depend on copyright to bring all of us countless moments of inspiration, learning, and joy. Our mission is to advocate for strong but appropriate copyright protections and to empower creatives to speak out against piracy and how it affects their ability to create and to make a living.

CreativeFuture promotes the value of expanded digital access to legitimate content, and the fundamental right of creatives to determine how their works are distributed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,339,419$1,098,483▼ $240,936
Prepaid Expenses and Deferred Charges$73,545$70,971▼ $2,574
Land, Buildings, and Equipment, Net$71,428$59,744▼ $11,684
Accounts Receivable$4,513$2,557▼ $1,956
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,488,905$1,231,755▼ $257,150
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$375,521$247,999▼ $127,522
Other Liabilities$112,798$16,413▼ $96,385
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$488,319$264,412▼ $223,907
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,000,586$967,343▼ $33,243
Total Liabilities and Net Assets / Fund Balance$1,488,905$1,231,755▼ $257,150

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,042$64,113$88,155
Other Land Buildings$35,316$38,608$73,924
Leasehold Improvements$386$18,144$18,530
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ruth VitaleCEOFT$564,480$145,067$709,547
Brett WilliamsEVP, External Affairs & PublicFT$203,500$58,076$261,576
James TaylorSenior Director, Policy & CommFT$104,000$11,347$115,347

Board Members and Trustees

NameTitle
Alan BravermanDirector
John RogovinDirector
Kimberley HarrisDirector
Leah WeilDirector
Nathan HardySecretary
Suzanne NallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,250,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-33,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,490,602
Other Expenses$791,732
Grants and Similar Amounts Paid$909
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$709,547
Other Salaries and Wages---$627,488
Occupancy---$252,153
Information Technology---$134,852
Fees for Services Other---$122,212
Payroll Taxes---$68,261
Other Employee Benefits---$68,067
Advertising---$65,993
Office Expenses---$38,693
Fees for Services Accounting---$30,876
Insurance---$28,581
Conferences and Meetings---$27,999
Depreciation Depletion---$23,065
Fees for Services Management---$21,996
Fees for Services Legal---$21,288
Travel---$20,443
Pension Plan Contributions---$17,239
Other Expenses---$3,581
Grants to Domestic Orgs---$909
Total Functional Expenses$0$0$0$2,283,243
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$15,370
Deferred Lease Incentives$1,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
CreativeFuture Inc
EIN
45-1647569
In Care Of
% SUZANNE NALL TREASURER
Phone
3235913012
Address
4525 Wilshire Blvd Suite Ste 150, Los Angeles, CA 90010-3846

Signing Officer

Name
Ruth Vitale
Title
CEO
Phone
3235913001
Signed
2022-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruth Vitale
Formed
2011
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
13
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
18101 VON KARMAN AVE SUITE 1700, IRVINE, CA 92612
Preparer
Kara Adams
Phone
9497942300
Supplemental Narrative

Additional Explanations

Schedule O Detail

Program Service Form 990, Part III, Line 4a CreativeFuture accomplishes their program service goals through 3 main initiatives: 1) We mobilize the creative communities to speak up about the value of creativity and how our works strengthen the fabric of our society. CreativeFuture brings creatives to Washington, D.C. to speak with policymakers about the importance of copyright. We also work closely within our communities to publish op-eds in outlets nationwide. 2) Our Youth Outreach initiative raises awareness about the cultural, ethical, and economic implications of creative ownership to foster greater respect for artists and the creative process. 3) "StandCreative" aims to change the perception that art is 'easy' by putting a face to some of the hardworking people who are trying to make a living by doing what they love and by bringing together our creative communities to use our collective, unified, and powerful voice to speak up about the value of creativity. Members or Stockholders / Power to Elect or Appoint Form 990, Part VI, Questions 6 & 7a The Organization has 4 Full-Dues Member Companies. Each Company has one appointed representative that sits on the Board of Directors and is entitled to vote on behalf of the Member Company. As of mid-2020, the organization also has 2 associate member companies, each of which has one appointed representative to attend board meetings in a non-voting capacity. Governance decisions Form 990, Part VI, Question 7b All full-dues members are voting members on the board of directors, therefore the full-dues members have de facto approval of all actions of the governing body Mailing Address of Persons to be contacted at a different address Form 990, Part VI, Question 9 1) ALAN BRAVERMAN - WALT DISNEY STUDIOS MOTION PICTURES 500 S. BUENA VISTA ST., BURBANK, CA 91521 2) KIMBERLEY HARRIS - NBC UNIVERSAL 30 ROCKEFELLER PLAZA 51ST FLOOR, NEW YORK, NY 10112 3) JOHN ROGOVIN - WARNER BROS. ENTERTAINMENT, INC. 4000 WARNER BLVD., BURBANK, CA 91522 4) LEAH WEIL - SONY PICTURES ENTERTAINMENT INC. 10202 WASHINGTON BLVD., CULVER CITY, CA 90232 5) NATHAN HARDY - REED & DAVIDSON, LLP 515 S. FIGUEROA STREET, STE. 1110 LOS ANGELES, CA 90071 Review Process of Form 990 Form 990, Part VI, Question 11b Form 990 is prepared internally and reviewed by our external tax advisors, who are paid preparers. The final return is reviewed with the Chief Executive Officer and Treasurer prior to filing. Conflict of Interest Policy Compliance Form 990, Part VI, Question 12c The Conflict of Interest policy mandates that directors and officers have a responsibility to disclose their interests that could give rise to financial conflicts of interest. These parties are surveyed annually to identify potential conflicts and ensure compliance with the organization's policy. Responses are reviewed by our Treasurer to determine whether a conflict may exist; if so, the following is evaluated: a) whether the conflict influenced any transaction or decisions, b) if so, whether any present measure can cure or mitigate that conflict, and c) what can be done in the future to prevent such conflicts. If an actual past conflict is discovered it will be brought to the attention of the board and the conflicted person(s) may be subject to discipline if the conflict was not reported, and also for participating in a decision or transaction that posed a conflict of interest. Process for Determining Compensation Form 990, Part VI, Question 15a Compensation for the Chief Executive Officer is determined by the Board of Directors. Compensation data, compiled by an outside law firm, is obtained to provide comparability data for other similarly-situated trade associations. The board's deliberations and discussions are duly noted in the minutes of the meeting. The board is comprised of independent persons. This was last performed in 2021. Availability of Governing Docs, Conflict of Interest Policy, & Financial Statements Form 990, Part VI, Question 19 The Organ

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Form 990, Part III, Line 4a CreativeFuture accomplishes their program service goals through 3 main initiatives: 1) We mobilize the creative communities to speak up about the value of creativity and how our works strengthen the fabric of our society. CreativeFuture brings creatives to Washington, D.C. to speak with policymakers about the importance of copyright. We also work closely within our communities to publish op-eds in outlets nationwide. 2) Our Youth Outreach initiative raises awareness about the cultural, ethical, and economic implications of creative ownership to foster greater respect for artists and the creative process. 3) "StandCreative" aims to change the perception that art is 'easy' by putting a face to some of the hardworking people who are trying to make a living by doing what they love and by bringing together our creative communities to use our collective, unified, and powerful voice to speak up about the value of creativity. Members or Stockholders / Power to Elect or Appoint Form 990, Part VI, Questions 6 & 7a The Organization has 4 Full-Dues Member Companies. Each Company has one appointed representative that sits on the Board of Directors and is entitled to vote on behalf of the Member Company. As of mid-2020, the organization also has 2 associate member companies, each of which has one appointed representative to attend board meetings in a non-voting capacity. Governance decisions Form 990, Part VI, Question 7b All full-dues members are voting members on the board of directors, therefore the full-dues members have de facto approval of all actions of the governing body Mailing Address of Persons to be contacted at a different address Form 990, Part VI, Question 9 1) ALAN BRAVERMAN - WALT DISNEY STUDIOS MOTION PICTURES 500 S. BUENA VISTA ST., BURBANK, CA 91521 2) KIMBERLEY HARRIS - NBC UNIVERSAL 30 ROCKEFELLER PLAZA 51ST FLOOR, NEW YORK, NY 10112 3) JOHN ROGOVIN - WARNER BROS. ENTERTAINMENT, INC. 4000 WARNER BLVD., BURBANK, CA 91522 4) LEAH WEIL - SONY PICTURES ENTERTAINMENT INC. 10202 WASHINGTON BLVD., CULVER CITY, CA 90232 5) NATHAN HARDY - REED & DAVIDSON, LLP 515 S. FIGUEROA STREET, STE. 1110 LOS ANGELES, CA 90071 Review Process of Form 990 Form 990, Part VI, Question 11b Form 990 is prepared internally and reviewed by our external tax advisors, who are paid preparers. The final return is reviewed with the Chief Executive Officer and Treasurer prior to filing. Conflict of Interest Policy Compliance Form 990, Part VI, Question 12c The Conflict of Interest policy mandates that directors and officers have a responsibility to disclose their interests that could give rise to financial conflicts of interest. These parties are surveyed annually to identify potential conflicts and ensure compliance with the organization's policy. Responses are reviewed by our Treasurer to determine whether a conflict may exist; if so, the following is evaluated: a) whether the conflict influenced any transaction or decisions, b) if so, whether any present measure can cure or mitigate that conflict, and c) what can be done in the future to prevent such conflicts. If an actual past conflict is discovered it will be brought to the attention of the board and the conflicted person(s) may be subject to discipline if the conflict was not reported, and also for participating in a decision or transaction that posed a conflict of interest. Process for Determining Compensation Form 990, Part VI, Question 15a Compensation for the Chief Executive Officer is determined by the Board of Directors. Compensation data, compiled by an outside law firm, is obtained to provide comparability data for other similarly-situated trade associations. The board's deliberations and discussions are duly noted in the minutes of the meeting. The board is comprised of independent persons. This was last performed in 2021. Availability of Governing Docs, Conflict of Interest Policy, & Financial Statements Form 990, Part VI, Question 19 The Organ
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