Civic Intelligence

Creativets

990 • Fiscal year 2022 • EIN 46-3617663

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 27, 2023

1123 12th Ave S Unit BNashville, TN 37203

(888) 585-3799

Siviq Scores

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

Liabilities / Assets

81st percentile

0.30x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.17x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

42nd percentile

2.0%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

80th percentile

$77,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

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

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

67th percentile

26%

Faster revenue growth than 67% of similar nonprofits.

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

Assets

Up

$484,880

Up $46,395 (+11%) from 2021

Net Assets

Up

$339,000

Up $17,527 (+5.5%) from 2021

Liabilities

Up

$145,880

Up $28,868 (+25%) from 2021

Revenue

Up

$860,430

Up $179,727 (+26%) from 2021

Expenses

Up

$842,903

Up $200,330 (+31%) from 2021

Net Income

Down

$17,527

Down $20,603 (-54%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $7,130Liabilities 2014: $02014Assets 2015: $56,259Liabilities 2015: $6,1562015Assets 2016: $37,518Liabilities 2016: $2,9472016Assets 2017: $45,627Liabilities 2017: $13,1962017Assets 2018: $191,946Liabilities 2018: $44,014Net Assets 2018: $147,9322018Assets 2019: $253,404Liabilities 2019: $3,800Net Assets 2019: $249,6042019Assets 2020: $323,997Liabilities 2020: $40,654Net Assets 2020: $283,3432020Assets 2021: $438,485Liabilities 2021: $117,012Net Assets 2021: $321,4732021Assets 2022: $484,880Liabilities 2022: $145,880Net Assets 2022: $339,0002022Assets 2023: $1,230,302Liabilities 2023: $628,487Net Assets 2023: $601,8152023Assets 2024: $1,472,485Liabilities 2024: $586,473Net Assets 2024: $886,0122024Assets 2025: $4,637,769Liabilities 2025: $1,685,972Net Assets 2025: $2,951,7972025

Highlighted filing

2022

Assets$484,880
Liabilities$145,880
Net Assets$339,000

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $32,122Expenses 2014: $24,992Net Income 2014: $7,1302014Revenue 2015: $118,193Expenses 2015: $75,220Net Income 2015: $42,9732015Revenue 2016: $117,731Expenses 2016: $133,263Net Income 2016: -$15,5322016Revenue 2017: $120,558Expenses 2017: $122,698Net Income 2017: -$2,1402017Revenue 2018: $308,898Expenses 2018: $215,399Net Income 2018: $93,4992018Revenue 2019: $397,635Expenses 2019: $302,096Net Income 2019: $95,5392019Revenue 2020: $664,281Expenses 2020: $630,542Net Income 2020: $33,7392020Revenue 2021: $680,703Expenses 2021: $642,573Net Income 2021: $38,1302021Revenue 2022: $860,430Expenses 2022: $842,903Net Income 2022: $17,5272022Revenue 2023: $1,437,638Expenses 2023: $1,254,305Net Income 2023: $183,3332023Revenue 2024: $2,221,915Expenses 2024: $1,937,718Net Income 2024: $284,1972024Revenue 2025: $4,344,407Expenses 2025: $2,278,622Net Income 2025: $2,065,7852025

Highlighted filing

2022

Revenue$860,430
Expenses$842,903
Net Income$17,527
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 27, 2023
Return Version
2021v4.0
Gross Receipts
$892,206
Mission and Program Overview

Mission

The mission of creativets is to empower wounded veterans to heal through the arts and music. The goal of creativets' programs is to empower veterans with tools they can use the rest of their lives to combat stress, depression, and other side effects of war. These programs also enable veterans to see their own capacity for success in an arena outside the battlefield.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$95,340$342,501▲ $247,161
Land, Buildings, and Equipment, Net$29,363$52,092▲ $22,729
Cash and Non-Interest-Bearing Accounts$257,566$50,508▼ $207,058
Pledges and Grants Receivable$45,000$23,550▼ $21,450
Prepaid Expenses and Deferred Charges$11,216$16,229▲ $5,013
Total Assets$438,485$484,880▲ $46,395
Liabilities
Deferred Revenue-$79,482-
Accounts Payable and Accrued Expenses$117,012$66,398▼ $50,614
Total Liabilities$117,012$145,880▲ $28,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$210,836$320,450▲ $109,614
Net Assets With Donor Restrictions$110,637$18,550▼ $92,087
Total Net Assets Fund Balance$321,473$339,000▲ $17,527
Total Liabilities and Net Assets / Fund Balance$438,485$484,880▲ $46,395

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,598$16,653$64,251
Other Land Buildings-$7,703$7,703
Leasehold Improvements$4,494$2,897$7,391
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard CasperExecutive DiFT$77,000$77,000

Board Members and Trustees

NameTitle
Luke PellBoard Chair
Nanette LeonardVice Chair
Brandon DeatheridgeBoard Member
Bryce JenneyBoard Member
Kelly RichBoard Member
Linda TarrsonBoard Member
Sheila YepsenLifetime Boa
Will ParkerSecretary
Larry FeltsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$866,340
Program Service Revenue
$0
Investment Income
$1,297
Other Revenue
$-7,207
All Other Contributions
$786,118
Change in Net Assets
$17,527

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$29,350Fair Market Value
Other Non Cash Contri Table1$18,402Fair Market Value (FMV)
Total Noncash Contributions2$47,752-

Audited Revenue Reconciliation

Revenue per Audited Statements
$860,430
Revenue Not Reported on Form 990
$90,765
Total Revenue per Audited Statements
$951,195
Total Revenue per Form 990
$860,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$477,816
Salaries, Compensation, and Employee Benefits$316,865
Total Fundraising Expense$75,037
Grants and Similar Amounts Paid$48,222
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$161,951$17,969$37,628$217,548
Occupancy$64,985$14,091-$79,076
Current Officers, Directors, Trustees, and Key Employees$65,450$1,925$9,625$77,000
Office Expenses$52,991$5,654$10,186$68,831
Travel$58,334-$363$58,697
Grants to Domestic Individuals$48,222--$48,222
Advertising-$40,513$1,054$41,567
Fees for Services Other$30,835$6,970$475$38,280
Other Expenses$26,223$5,825$841$27,064
Fees for Services Accounting-$24,500-$24,500
Payroll Taxes$17,180$1,522$3,615$22,317
Depreciation Depletion-$13,194-$13,194
Conferences and Meetings--$6,803$6,803
Insurance-$4,270-$4,270
Information Technology-$2,917-$2,917
Total Functional Expenses$628,516$139,350$75,037$842,903

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$933,668
Expenses per Audited Statements$842,903
Total Expenses per Form 990$842,903
Expenses Not Reported on Form 990$90,765
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$31,776
Fundraising Gross Income$24,569
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$104,791$24,569$1,821$22,748
Total Events$104,791$24,569$31,776$-7,207
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kyle YepsenSonEmployeeNo$59,412
-OfficerAccounting FeesNo$16,500
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
Yes
Business relationship with organization members
Yes
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

A copy of the form 990 will be provided to the full board prior to filing. The board will be asked for acknowledgement of their review.

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

Compensation for the executive director is determined by the board of directors. The board votes to approve salaries and bonuses for the fiscal year.

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

Compensation for other employees is reviewed by the executive director. The board votes to approve salaries and bonuses for the fiscal year.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are made available to the public upon request and at giving matters.

Filing and Contact Details

Filer

Filer Name
Creativets
EIN
46-3617663
Phone
8885853799
Address
1123 12TH AVE S UNIT B, NASHVILLE, TN 37203

Signing Officer

Name
Richard Casper
Title
Executive Director
Phone
8885853799
Signed
2023-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Casper
Formed
2013
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
10
Volunteers
179

Preparer

Firm
Blankenship CPA Group Pllc
Address
215 WARD CIRCLE, BRENTWOOD, TN 37027-2304
Preparer
Abigail L Campbell CPA
Phone
6153733771
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of creativets is to empower wounded veterans to heal through the arts and music. The goal of creativets' programs is to empower veterans with tools they can use the rest of their lives to combat stress, depression, and other side effects of war. These programs also enable veterans to see their own capacity for success in an arena outside the battlefield.

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

Veteran songwriting programs - 40 veterans and 40 veteran mentors participated in our introduction to songwriting program during the 2021- 2022 fiscal year. This program pairs veterans with accomplished songwriters and music artists to allow the veteran the opportunity to creatively express their story through a song. The veteran travels to nashville, tn, where he or she is met by a veteran that has gone through the program and can help make the veteran comfortable with the experience. The veteran then participates in a songwriting session to write a song that is recorded and made available for the veteran to share with family and friends. Through the songwriting sessions, veterans are provided with an opportunity to tell their stories in a different way, and they take something from the program they can keep forever. We also launched our in-house songwriting and guitar lessons, hosted at the creativets headquarters in nashville, tn with hit song writer jesse wayne taylor. Through this program, veterans can simply walk in to our facility, or log on virtually, where they are provided with life saving songwriting and music lessons without the need to wait for our next scheduled program. Creativets had 60 veterans participate in these programs this fiscal year. 51 veterans also completed our veteran songwriting program in partnership with the country music hall of fame (cmhof). This program is based on the cmhof worlds & music program - their cornerstone k-12 program providing education resources for language, arts, music, and other curriculum. 87 veterans completed our songwriting program hosted in partnership with joni & friends, the mission continues, heroes haven and other partners. These programs are unlike our main songwriting program because it is a group setting that multiple veterans collaborate to create a single song.

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

Introduction to art for veterans - due to reduced covid restrictions, creativets was able to host 2 full introduction to art for veterans programs where 20 veterans completed and/or taught the 3-week course. One class was hosted at the school of the art institute of chicago and the second was with a brand new partner, belmont university. These programs are three week, fully-accredited art programs for disabled veterans at no cost to the veteran. Veterans have full access to studios and equipment at the school, and the program gives them an opportunity to create and discuss art with some of the best art instructors in the country. Creativets also continued offering programs both virtually and in person from our very own art facility in nashville in partnership with numerous organizations and va hospitals across the country. Creativets also launched new astrophotography follow up programs, as well as a specific mentor training class to keep our mentors up to date with the latest veteran service information and techniques. These new programs, as well as maintaining our current programs allowed us to serve more veterans, without sacrificing program quality. These art programs, along with our songwriting programs ended up costing almost exactly the same amount as the revenues received for the year. While we know that we exceeded our total expense budget for the fiscal year (due mostly to the effort to make up for reduced programming in 2020 because of covid), a surplus in revenue allowed us to maintain a solid cash flow projection. As the market recovers and restrictions continue to relax, we expect that we will maintain solid growth over the coming months and years.

Form 990, Part XI, Line 9

Special event expenses 7,207 special event expenses -7,207

Financial Statement Notes

Schedule D, Page 3, Part X

Creativets is exempt from federal and state income taxes under internal revenue code section 501(c)(3) and the tax laws of the state of illinois. Creativets has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. Creativets is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the statement of financial position date.

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

Special event expenses 7,207

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

Special event expenses 7,207

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IRS990/Desc0VETERAN SONGWRITING PROGRAMS - 40 VETERANS AND 40 VETERAN MENTORS PARTICIPATED IN OUR INTRODUCTION TO SONGWRITING PROGRAM DURING THE 2021- 2022 FISCAL YEAR. THIS PROGRAM PAIRS VETERANS WITH ACCOMPLISHED SONGWRITERS AND MUSIC ARTISTS TO ALLOW THE VETERAN THE OPPORTUNITY TO CREATIVELY EXPRESS THEIR STORY THROUGH A SONG. THE VETERAN TRAVELS TO NASHVILLE, TN, WHERE HE OR SHE IS MET BY A VETERAN THAT HAS GONE THROUGH THE PROGRAM AND CAN HELP MAKE THE VETERAN COMFORTABLE WITH THE EXPERIENCE. THE VETERAN THEN PARTICIPATES IN A SONGWRITING SESSION TO WRITE A SONG THAT IS RECORDED AND MADE AVAILABLE FOR THE VETERAN TO SHARE WITH FAMILY AND FRIENDS. THROUGH THE SONGWRITING SESSIONS, VETERANS ARE PROVIDED WITH AN OPPORTUNITY TO TELL THEIR STORIES IN A DIFFERENT WAY, AND THEY TAKE SOMETHING FROM THE PROGRAM THEY CAN KEEP FOREVER. WE ALSO LAUNCHED OUR IN-HOUSE SONGWRITING AND GUITAR LESSONS, HOSTED AT THE CREATIVETS HEADQUARTERS IN NASHVILLE, TN WITH HIT SONG WRITER JESSE WAYNE TAYLOR. THROUGH THIS PROGRAM, VETERANS CAN SIMPLY WALK IN TO OUR FACILITY, OR LOG ON VIRTUALLY, WHERE THEY ARE PROVIDED WITH LIFE SAVING SONGWRITING AND MUSIC LESSONS WITHOUT THE NEED TO WAIT FOR OUR NEXT SCHEDULED PROGRAM. CREATIVETS HAD 60 VETERANS PARTICIPATE IN THESE PROGRAMS THIS FISCAL YEAR. 51 VETERANS ALSO COMPLETED OUR VETERAN SONGWRITING PROGRAM IN PARTNERSHIP WITH THE COUNTRY MUSIC HALL OF FAME (CMHOF). THIS PROGRAM IS BASED ON THE CMHOF WORLDS & MUSIC PROGRAM - THEIR CORNERSTONE K-12 PROGRAM PROVIDING EDUCATION RESOURCES FOR LANGUAGE, ARTS, MUSIC, AND OTHER CURRICULUM. 87 VETERANS COMPLETED OUR SONGWRITING PROGRAM HOSTED IN PARTNERSHIP WITH JONI & FRIENDS, THE MISSION CONTINUES, HEROES HAVEN AND OTHER PARTNERS. THESE PROGRAMS ARE UNLIKE OUR MAIN SONGWRITING PROGRAM BECAUSE IT IS A GROUP SETTING THAT MULTIPLE VETERANS COLLABORATE TO CREATE A SINGLE SONG.
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTRODUCTION TO ART FOR VETERANS - DUE TO REDUCED COVID RESTRICTIONS, CREATIVETS WAS ABLE TO HOST 2 FULL INTRODUCTION TO ART FOR VETERANS PROGRAMS WHERE 20 VETERANS COMPLETED AND/OR TAUGHT THE 3-WEEK COURSE. ONE CLASS WAS HOSTED AT THE SCHOOL OF THE ART INSTITUTE OF CHICAGO AND THE SECOND WAS WITH A BRAND NEW PARTNER, BELMONT UNIVERSITY. THESE PROGRAMS ARE THREE WEEK, FULLY-ACCREDITED ART PROGRAMS FOR DISABLED VETERANS AT NO COST TO THE VETERAN. VETERANS HAVE FULL ACCESS TO STUDIOS AND EQUIPMENT AT THE SCHOOL, AND THE PROGRAM GIVES THEM AN OPPORTUNITY TO CREATE AND DISCUSS ART WITH SOME OF THE BEST ART INSTRUCTORS IN THE COUNTRY. CREATIVETS ALSO CONTINUED OFFERING PROGRAMS BOTH VIRTUALLY AND IN PERSON FROM OUR VERY OWN ART FACILITY IN NASHVILLE IN PARTNERSHIP WITH NUMEROUS ORGANIZATIONS AND VA HOSPITALS ACROSS THE COUNTRY. CREATIVETS ALSO LAUNCHED NEW ASTROPHOTOGRAPHY FOLLOW UP PROGRAMS, AS WELL AS A SPECIFIC MENTOR TRAINING CLASS TO KEEP OUR MENTORS UP TO DATE WITH THE LATEST VETERAN SERVICE INFORMATION AND TECHNIQUES. THESE NEW PROGRAMS, AS WELL AS MAINTAINING OUR CURRENT PROGRAMS ALLOWED US TO SERVE MORE VETERANS, WITHOUT SACRIFICING PROGRAM QUALITY. THESE ART PROGRAMS, ALONG WITH OUR SONGWRITING PROGRAMS ENDED UP COSTING ALMOST EXACTLY THE SAME AMOUNT AS THE REVENUES RECEIVED FOR THE YEAR. WHILE WE KNOW THAT WE EXCEEDED OUR TOTAL EXPENSE BUDGET FOR THE FISCAL YEAR (DUE MOSTLY TO THE EFFORT TO MAKE UP FOR REDUCED PROGRAMMING IN 2020 BECAUSE OF COVID), A SURPLUS IN REVENUE ALLOWED US TO MAINTAIN A SOLID CASH FLOW PROJECTION. AS THE MARKET RECOVERS AND RESTRICTIONS CONTINUE TO RELAX, WE EXPECT THAT WE WILL MAINTAIN SOLID GROWTH OVER THE COMING MONTHS AND YEARS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CREATIVETS IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX LAWS OF THE STATE OF ILLINOIS. CREATIVETS HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. CREATIVETS IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 7,207
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KYLE YEPSEN
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0KYLE YEPSEN, DEPUTY DIRECTOR, IS THE SON OF SHEILA YEPSEN, LIFETIME BOARD MEMBER. LARRY FELTS OWNS 4FOCUS LLC, A COMPANY THAT PROVIDES THE ORGANIZATION WITH ACCOUNTING SERVICES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF CREATIVETS IS TO EMPOWER WOUNDED VETERANS TO HEAL THROUGH THE ARTS AND MUSIC. THE GOAL OF CREATIVETS' PROGRAMS IS TO EMPOWER VETERANS WITH TOOLS THEY CAN USE THE REST OF THEIR LIVES TO COMBAT STRESS, DEPRESSION, AND OTHER SIDE EFFECTS OF WAR. THESE PROGRAMS ALSO ENABLE VETERANS TO SEE THEIR OWN CAPACITY FOR SUCCESS IN AN ARENA OUTSIDE THE BATTLEFIELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VETERAN SONGWRITING PROGRAMS - 40 VETERANS AND 40 VETERAN MENTORS PARTICIPATED IN OUR INTRODUCTION TO SONGWRITING PROGRAM DURING THE 2021- 2022 FISCAL YEAR. THIS PROGRAM PAIRS VETERANS WITH ACCOMPLISHED SONGWRITERS AND MUSIC ARTISTS TO ALLOW THE VETERAN THE OPPORTUNITY TO CREATIVELY EXPRESS THEIR STORY THROUGH A SONG. THE VETERAN TRAVELS TO NASHVILLE, TN, WHERE HE OR SHE IS MET BY A VETERAN THAT HAS GONE THROUGH THE PROGRAM AND CAN HELP MAKE THE VETERAN COMFORTABLE WITH THE EXPERIENCE. THE VETERAN THEN PARTICIPATES IN A SONGWRITING SESSION TO WRITE A SONG THAT IS RECORDED AND MADE AVAILABLE FOR THE VETERAN TO SHARE WITH FAMILY AND FRIENDS. THROUGH THE SONGWRITING SESSIONS, VETERANS ARE PROVIDED WITH AN OPPORTUNITY TO TELL THEIR STORIES IN A DIFFERENT WAY, AND THEY TAKE SOMETHING FROM THE PROGRAM THEY CAN KEEP FOREVER. WE ALSO LAUNCHED OUR IN-HOUSE SONGWRITING AND GUITAR LESSONS, HOSTED AT THE CREATIVETS HEADQUARTERS IN NASHVILLE, TN WITH HIT SONG WRITER JESSE WAYNE TAYLOR. THROUGH THIS PROGRAM, VETERANS CAN SIMPLY WALK IN TO OUR FACILITY, OR LOG ON VIRTUALLY, WHERE THEY ARE PROVIDED WITH LIFE SAVING SONGWRITING AND MUSIC LESSONS WITHOUT THE NEED TO WAIT FOR OUR NEXT SCHEDULED PROGRAM. CREATIVETS HAD 60 VETERANS PARTICIPATE IN THESE PROGRAMS THIS FISCAL YEAR. 51 VETERANS ALSO COMPLETED OUR VETERAN SONGWRITING PROGRAM IN PARTNERSHIP WITH THE COUNTRY MUSIC HALL OF FAME (CMHOF). THIS PROGRAM IS BASED ON THE CMHOF WORLDS & MUSIC PROGRAM - THEIR CORNERSTONE K-12 PROGRAM PROVIDING EDUCATION RESOURCES FOR LANGUAGE, ARTS, MUSIC, AND OTHER CURRICULUM. 87 VETERANS COMPLETED OUR SONGWRITING PROGRAM HOSTED IN PARTNERSHIP WITH JONI & FRIENDS, THE MISSION CONTINUES, HEROES HAVEN AND OTHER PARTNERS. THESE PROGRAMS ARE UNLIKE OUR MAIN SONGWRITING PROGRAM BECAUSE IT IS A GROUP SETTING THAT MULTIPLE VETERANS COLLABORATE TO CREATE A SINGLE SONG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INTRODUCTION TO ART FOR VETERANS - DUE TO REDUCED COVID RESTRICTIONS, CREATIVETS WAS ABLE TO HOST 2 FULL INTRODUCTION TO ART FOR VETERANS PROGRAMS WHERE 20 VETERANS COMPLETED AND/OR TAUGHT THE 3-WEEK COURSE. ONE CLASS WAS HOSTED AT THE SCHOOL OF THE ART INSTITUTE OF CHICAGO AND THE SECOND WAS WITH A BRAND NEW PARTNER, BELMONT UNIVERSITY. THESE PROGRAMS ARE THREE WEEK, FULLY-ACCREDITED ART PROGRAMS FOR DISABLED VETERANS AT NO COST TO THE VETERAN. VETERANS HAVE FULL ACCESS TO STUDIOS AND EQUIPMENT AT THE SCHOOL, AND THE PROGRAM GIVES THEM AN OPPORTUNITY TO CREATE AND DISCUSS ART WITH SOME OF THE BEST ART INSTRUCTORS IN THE COUNTRY. CREATIVETS ALSO CONTINUED OFFERING PROGRAMS BOTH VIRTUALLY AND IN PERSON FROM OUR VERY OWN ART FACILITY IN NASHVILLE IN PARTNERSHIP WITH NUMEROUS ORGANIZATIONS AND VA HOSPITALS ACROSS THE COUNTRY. CREATIVETS ALSO LAUNCHED NEW ASTROPHOTOGRAPHY FOLLOW UP PROGRAMS, AS WELL AS A SPECIFIC MENTOR TRAINING CLASS TO KEEP OUR MENTORS UP TO DATE WITH THE LATEST VETERAN SERVICE INFORMATION AND TECHNIQUES. THESE NEW PROGRAMS, AS WELL AS MAINTAINING OUR CURRENT PROGRAMS ALLOWED US TO SERVE MORE VETERANS, WITHOUT SACRIFICING PROGRAM QUALITY. THESE ART PROGRAMS, ALONG WITH OUR SONGWRITING PROGRAMS ENDED UP COSTING ALMOST EXACTLY THE SAME AMOUNT AS THE REVENUES RECEIVED FOR THE YEAR. WHILE WE KNOW THAT WE EXCEEDED OUR TOTAL EXPENSE BUDGET FOR THE FISCAL YEAR (DUE MOSTLY TO THE EFFORT TO MAKE UP FOR REDUCED PROGRAMMING IN 2020 BECAUSE OF COVID), A SURPLUS IN REVENUE ALLOWED US TO MAINTAIN A SOLID CASH FLOW PROJECTION. AS THE MARKET RECOVERS AND RESTRICTIONS CONTINUE TO RELAX, WE EXPECT THAT WE WILL MAINTAIN SOLID GROWTH OVER THE COMING MONTHS AND YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 WILL BE PROVIDED TO THE FULL BOARD PRIOR TO FILING. THE BOARD WILL BE ASKED FOR ACKNOWLEDGEMENT OF THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD VOTES TO APPROVE SALARIES AND BONUSES FOR THE FISCAL YEAR.

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