Civic Intelligence

Creative City Project Inc.

990 • Fiscal year 2021 • EIN 47-1158982

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 06, 2022

1316 Portland AvenueOrlando, FL 32803

(407) 394-9340

Siviq Scores

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

Liabilities / Assets

89th percentile

0.68x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.40x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$61,667

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

78th percentile

32%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

84%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$787,544

Up $188,755 (+32%) from 2020

Net Assets

Down

$248,463

Down $150,580 (-38%) from 2020

Liabilities

Up

$539,081

Up $339,335 (+170%) from 2020

Revenue

Up

$1,362,412

Up $620,767 (+84%) from 2020

Expenses

Up

$1,512,992

Up $1,009,052 (+200%) from 2020

Net Income

Down

-$150,580

Down $388,285 (-163%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $1,679Liabilities 2015: $0Net Assets 2015: $1,6792015Assets 2016: $1,050Liabilities 2016: $0Net Assets 2016: $1,0502016Assets 2017: $54,766Liabilities 2017: $0Net Assets 2017: $54,7662017Assets 2018: $36,783Liabilities 2018: $2,931Net Assets 2018: $33,8522018Assets 2019: $175,955Liabilities 2019: $14,617Net Assets 2019: $161,3382019Assets 2020: $598,789Liabilities 2020: $199,746Net Assets 2020: $399,0432020Assets 2021: $787,544Liabilities 2021: $539,081Net Assets 2021: $248,4632021Assets 2022: $542,477Liabilities 2022: $523,946Net Assets 2022: $18,5312022Assets 2023: $765,654Liabilities 2023: $608,620Net Assets 2023: $157,0342023Assets 2024: $931,024Liabilities 2024: $493,203Net Assets 2024: $437,8212024

Highlighted filing

2021

Assets$787,544
Liabilities$539,081
Net Assets$248,463

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $94,913Expenses 2015: $93,234Net Income 2015: $1,6792015Revenue 2016: $142,336Expenses 2016: $142,965Net Income 2016: -$6292016Revenue 2017: $309,801Expenses 2017: $256,085Net Income 2017: $53,7162017Revenue 2018: $550,119Expenses 2018: $571,033Net Income 2018: -$20,9142018Revenue 2019: $1,184,107Expenses 2019: $1,056,621Net Income 2019: $127,4862019Revenue 2020: $741,645Expenses 2020: $503,940Net Income 2020: $237,7052020Revenue 2021: $1,362,412Expenses 2021: $1,512,992Net Income 2021: -$150,5802021Revenue 2022: $870,053Expenses 2022: $1,099,985Net Income 2022: -$229,9322022Revenue 2023: $1,554,487Expenses 2023: $1,415,984Net Income 2023: $138,5032023Revenue 2024: $1,498,968Expenses 2024: $1,218,181Net Income 2024: $280,7872024

Highlighted filing

2021

Revenue$1,362,412
Expenses$1,512,992
Net Income-$150,580
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 6, 2022
Return Version
2021v4.2
Gross Receipts
$1,362,412
Mission and Program Overview

Mission

Our threefold mission is to: 1. Cultivate a thriving arts community in orlando, 2. Nurture a deeper sense of ownership of and care for orlando amongst its residents, and 3. Shape the global perception of our city as one known for innovation and creativity.

To provide immersive and interactive experiences that bring the city of orlando to life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$561,142$668,340▲ $107,198
Accounts Receivable$5,350$96,053▲ $90,703
Land, Buildings, and Equipment, Net$32,297$23,151▼ $9,146
Total Assets$598,789$787,544▲ $188,755
Liabilities
Mortgage Notes Payable Secured by Investment Property$150,000$500,000▲ $350,000
Unsecured Notes Loans Payable$33,100$0▼ $33,100
Accounts Payable and Accrued Expenses$16,646$27,372▲ $10,726
Other Liabilities$0$11,709▲ $11,709
Total Liabilities$199,746$539,081▲ $339,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$399,043$248,463▼ $150,580
Total Net Assets Fund Balance$399,043$248,463▼ $150,580
Total Liabilities and Net Assets / Fund Balance$598,789$787,544▲ $188,755

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,151$22,579$45,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melyssa MarshallExecutive ProducerFT$61,667$61,667
Cole NesmithExecutive DirectorFT$13,333$13,333

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Memoir Agency LLCEvent Management & Social Media ManagemePO BOX 2628, Orlando, FL 32802$265,250
Apav SolutionsProduction & Tech Services For Immerse F825 SUNSHINE LANE, Altamonte Springs, FL 32714$237,725
Revenue and Support

Revenue Composition

Contributions and Grants
$996,227
Program Service Revenue
$366,110
Investment Income
$0
Other Revenue
$75
All Other Contributions
$238,854
Change in Net Assets
$-150,580

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,362,412
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,362,412
Total Revenue per Form 990
$1,362,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,430,123
Salaries, Compensation, and Employee Benefits$82,869
Total Fundraising Expense$47,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$454,485-$24,000$478,485
Other Expenses$126,060$4,684-$126,060
Occupancy$88,348--$88,348
Insurance$39,663$39,662-$79,325
Current Officers, Directors, Trustees, and Key Employees$20,750$33,500$20,750$75,000
Advertising$69,139--$69,139
Fees for Services Accounting-$20,000-$20,000
Office Expenses-$12,602-$12,602
Depreciation Depletion$9,146--$9,146
Payroll Taxes$2,361$2,361$3,147$7,869
Interest-$7,211-$7,211
Travel$2,627--$2,627
Conferences and Meetings-$1,013-$1,013
Total Functional Expenses$1,344,062$121,033$47,897$1,512,992

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,512,992
Total Expenses per Audited Statements$1,512,992
Total Expenses per Form 990$1,512,992
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Memoir Agency LLCENTITY OWNED MORE THAN 35% BY EXECUTIVE DIRECTOR, COLE NESMITHMarketing Services and Event ManagementNo$265,250
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$11,709
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
Yes
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, Part VI, Section B, Line 11B

A copy of the form 990 is made available to all members of governing body before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy of the filing organization applies to members of its board of directors and its principal officers (interested persons). In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Each interested person shall annually sign a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activitities which accomplish one or more of its tax-exempt purposes. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted.

Form 990, Part VI, Section B, Line 15

Each year, the executive director's compensation is deliberated along with the full budget proposal for the following year.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Creative City Project Inc
EIN
47-1158982
Phone
4073949340
Address
1316 PORTLAND AVENUE, ORLANDO, FL 32803

Signing Officer

Name
Heide Evans
Title
Executive Director
Phone
4073949340
Signed
2022-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heide Evans
Formed
2014
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
120

Preparer

Firm
Msl Pa
Address
255 S ORANGE AVENUE SUITE 600, ORLANDO, FL 32801
Preparer
Anthony C Losurdo Jr
Phone
4077405400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor: program service expenses 417,018. Management and general expenses 0. Fundraising expenses 24,000. Total expenses 441,018. Event management fees: program service expenses 37,467. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,467.

Form 990

Creative city project, inc. Was formed for the purpose of providing art and performance events throughout the city of orlando. The main event put on by the organization is immerse, which is intended to be held annually. Immerse has resumed in 2021 after being cancelled in 2020 due to restrictions caused by the covid-19 pandemic (see note 5 to the audited financial statements).

Financial Statement Notes

PART X, LINE 2:

The organization is tax-exempt under section 501(c)(3) of the internal revenue code and under similar state statutes. Accordingly, no income tax liability or provision for income taxes is reflected in these financial statements. As of december 31, 2020, the organization is no longer subject to income tax examination for its federal income tax returns prior to 2017.

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IRS990/MissionDesc0CREATIVE CITY PROJECT, INC.'S MISSION IS TO CULTIVATE A THRIVING ARTS COMMUNITY IN ORLANDO, NUTURE A DEEPER SENSE OF OWNERSHIP OF AND CARE AMONGST ITS RESIDENTS, AND SHAPE GLOBAL PERCEPTION OF ORLANDO AS ONE KNOWN FOR INNOVATION AND CREATIVITY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LIABILITIES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND UNDER SIMILAR STATE STATUTES. ACCORDINGLY, NO INCOME TAX LIABILITY OR PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2020, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR ITS FEDERAL INCOME TAX RETURNS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MEMOIR AGENCY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY OWNED MORE THAN 35% BY EXECUTIVE DIRECTOR, COLE NESMITH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MARKETING SERVICES AND EVENT MANAGEMENT
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF GOVERNING BODY BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY OF THE FILING ORGANIZATION APPLIES TO MEMBERS OF ITS BOARD OF DIRECTORS AND ITS PRINCIPAL OFFICERS (INTERESTED PERSONS). IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. EACH INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR, THE EXECUTIVE DIRECTOR'S COMPENSATION IS DELIBERATED ALONG WITH THE FULL BUDGET PROPOSAL FOR THE FOLLOWING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR: PROGRAM SERVICE EXPENSES 417,018. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 24,000. TOTAL EXPENSES 441,018. EVENT MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 37,467. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,467.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CREATIVE CITY PROJECT, INC. WAS FORMED FOR THE PURPOSE OF PROVIDING ART AND PERFORMANCE EVENTS THROUGHOUT THE CITY OF ORLANDO. THE MAIN EVENT PUT ON BY THE ORGANIZATION IS IMMERSE, WHICH IS INTENDED TO BE HELD ANNUALLY. IMMERSE HAS RESUMED IN 2021 AFTER BEING CANCELLED IN 2020 DUE TO RESTRICTIONS CAUSED BY THE COVID-19 PANDEMIC (SEE NOTE 5 TO THE AUDITED FINANCIAL STATEMENTS).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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