Civic Intelligence

The Creative Coast Inc.

990 • Fiscal year 2014 • EIN 58-2234133

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

415 West Boundary StreetSavannah, GA 31401

(912) 447-8457

Siviq Scores

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

Liabilities / Assets

75th percentile

0.09x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.05x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$104,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 29.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$184,782

Down $42,150 (-19%) from 2013

Net Assets

Down

$168,424

Down $50,563 (-23%) from 2013

Liabilities

Up

$16,358

Up $8,413 (+106%) from 2013

Revenue

Up

$358,340

Up $44,856 (+14%) from 2013

Expenses

Up

$408,903

Up $141,347 (+53%) from 2013

Net Income

Down

-$50,563

Down $96,491 (-210%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $208,315Liabilities 2011: $5,959Net Assets 2011: $202,3562011Assets 2012: $178,441Liabilities 2012: $5,382Net Assets 2012: $173,0592012Assets 2013: $226,932Liabilities 2013: $7,945Net Assets 2013: $218,9872013Assets 2014: $184,782Liabilities 2014: $16,358Net Assets 2014: $168,4242014Assets 2015: $220,665Liabilities 2015: $80,599Net Assets 2015: $140,0662015Assets 2016: $45,285Liabilities 2016: $71,229Net Assets 2016: -$25,9442016Assets 2017: $73,151Liabilities 2017: $23,340Net Assets 2017: $49,8112017Assets 2018: $96,114Liabilities 2018: $45,151Net Assets 2018: $50,9632018Assets 2019: $118,863Liabilities 2019: $62,955Net Assets 2019: $55,9082019Assets 2020: $311,362Liabilities 2020: $224,755Net Assets 2020: $86,6072020Assets 2021: $353,168Liabilities 2021: $274,667Net Assets 2021: $78,5012021Assets 2022: $394,992Liabilities 2022: $317,798Net Assets 2022: $77,1942022Assets 2023: $288,353Liabilities 2023: $245,756Net Assets 2023: $42,5972023Assets 2024: $126,126Liabilities 2024: $113,608Net Assets 2024: $12,5182024

Highlighted filing

2014

Assets$184,782
Liabilities$16,358
Net Assets$168,424

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $287,610Expenses 2011: $192,632Net Income 2011: $94,9782011Revenue 2012: $196,156Expenses 2012: $225,453Net Income 2012: -$29,2972012Revenue 2013: $313,484Expenses 2013: $267,556Net Income 2013: $45,9282013Revenue 2014: $358,340Expenses 2014: $408,903Net Income 2014: -$50,5632014Revenue 2015: $407,494Expenses 2015: $435,852Net Income 2015: -$28,3582015Revenue 2016: $331,223Expenses 2016: $497,233Net Income 2016: -$166,0102016Revenue 2017: $251,096Expenses 2017: $175,341Net Income 2017: $75,7552017Revenue 2018: $253,847Expenses 2018: $252,695Net Income 2018: $1,1522018Revenue 2019: $302,574Expenses 2019: $297,629Net Income 2019: $4,9452019Revenue 2020: $173,839Expenses 2020: $143,140Net Income 2020: $30,6992020Revenue 2021: $220,403Expenses 2021: $228,749Net Income 2021: -$8,3462021Revenue 2022: $300,733Expenses 2022: $302,040Net Income 2022: -$1,3072022Revenue 2023: $364,186Expenses 2023: $398,783Net Income 2023: -$34,5972023Revenue 2024: $284,241Expenses 2024: $314,320Net Income 2024: -$30,0792024

Highlighted filing

2014

Revenue$358,340
Expenses$408,903
Net Income-$50,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$358,340
Mission and Program Overview

Mission

The creative coast is a non-profit organization supported by the city of savannah and the savannah economic development authority. We exist to nurture the members of the commumity engaged in creative or innovative endeavors and to cultivate an environment in which they can thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$180,016$136,389▼ $43,627
Cash and Non-Interest-Bearing Accounts$18,342$12,965▼ $5,377
Pledges and Grants Receivable$20,875$10,240▼ $10,635
Land, Buildings, and Equipment, Net$3,394$6,503▲ $3,109
Prepaid Expenses and Deferred Charges-$5,780-
Total Assets$226,932$184,782▼ $42,150
Other Assets Total$4,305$12,905▲ $8,600
Liabilities
Other Liabilities-$11,653-
Accounts Payable and Accrued Expenses$7,945$4,705▼ $3,240
Total Liabilities$7,945$16,358▲ $8,413
Net Assets / Fund Balance
Unrestricted Net Assets$218,987$168,424▼ $50,563
Total Net Assets Fund Balance$218,987$168,424▼ $50,563
Total Liabilities and Net Assets / Fund Balance$226,932$184,782▼ $42,150

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,213$817$6,030
Equipment$1,290$1,984$3,274
Other Assets Org$100--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bea WrayExecutive Di$104,000$104,000

Board Members and Trustees

NameTitle
Sean BrandonChairman
Kevin LawverVice Chairma
Blake EllisDirector
Cathy HillDirector
Chad WarnerDirector
Dana BraunDirector
Franz GilbertDirector
Jennifer AbshireDirector
Lori JudgeDirector
Mary Ellen SpragueDirector
Murray WilsonDirector
Radford HarrellDirector
Victor ErmoliDirector
Yvonne JouffraultTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$267,368
Program Service Revenue
$90,681
Investment Income
$291
Other Revenue
$0
All Other Contributions
$20,383
Change in Net Assets
$-50,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$358,340
Total Revenue per Audited Statements
$358,340
Total Revenue per Form 990
$358,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,968
Salaries, Compensation, and Employee Benefits$173,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,822$15,869-$158,691
Fees for Services Other$83,911$6-$83,917
Occupancy$73,887$8,211-$82,098
Office Expenses$15,942$1,361-$17,303
Advertising$16,033--$16,033
Fees for Services Accounting-$11,811-$11,811
Payroll Taxes$8,995$999-$9,994
Insurance-$9,984-$9,984
Information Technology$7,394$466-$7,860
Other Employee Benefits$4,725$525-$5,250
Travel$3,799$422-$4,221
Depreciation Depletion$1,562$179-$1,741
Total Functional Expenses$359,070$49,833$0$408,903

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$408,903
Total Expenses per Audited Statements$408,903
Total Expenses per Form 990$408,903
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
Deferred Rent$6,920
Accrued Expenses$4,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

Form 990 was provided as part of regular board of directors meeting along with audited report for approval.

Form 990, Page 6, Part VI, Line 19

Posting has been made on organization's website notifying the public of process to review documents.

Filing and Contact Details

Filer

Filer Name
The Creative Coast Inc
EIN
58-2234133
Phone
9124478457
Address
415 WEST BOUNDARY STREET, SAVANNAH, GA 31401

Signing Officer

Name
Bea Wray
Title
Executive Director
Phone
9124478457
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bea Wray
Formed
1996
Legal Domicile
Ga
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
100

Preparer

Firm
Dabbs Hickman Hill & Cannon Llp
Address
33 BULL ST SUITE 400, SAVANNAH, GA 31401
Preparer
Karl D Bohnstedt
Phone
9122339004
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The creative coast is a non-profit organization supported by the city of savannah and the savannah economic development authority. We exist to nurture the members of the commumity engaged in creative or innovative endeavors and to cultivate an environment in which they can thrive.

Form 990, Page 2, Part III, Line 2

In august of 2014, the creative coast moved to creators' foundry, a 16,000 square foot innovation hub allowing the creative coast to add more programing and services. A newly included service is the bizlab program, a 12-18 month mentoring, coaching, and intensive assistance program developed to nurture high growth organizations in savannah, georgia. Selected individuals and teams have access to workshops, networks, and resources as well as dedicated office space inside the creators' foundry. Additionally the creative coast began hosting kauffman foundation's 1 million cups program. 1 million cups is a free, weekly national program designed to educate, engage, and connect entrepreneurs. Creators' foundry also offers tenant space for companies looking to collaborate in a creative and innovative environment.

Form 990, Part IX, Line 11G

Event costs 44,890 0 0 contractors 7,818 0 0 internships 23,188 0 0 grant writing 7,960 0 0 other 55 6 0

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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0BEA WRAY
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt07,604
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0233500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0183000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0259000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0121500
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0291
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0222
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt090681
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06939
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0165
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07604
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0233500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0183000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0259000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0121500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01064368
IRS990ScheduleA/TotalSupportAmt01073262
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01290
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01984
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03274
IRS990ScheduleD/ExpensesSubtotalAmt0408903
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12805
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TRADEMARK
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05213
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0817
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt0358340
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06503
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012905
IRS990ScheduleD/TotalExpensesPerForm990Amt0408903
IRS990ScheduleD/TotalLiabilityAmt011653
IRS990ScheduleD/TotalRevenuePerForm990Amt0358340
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0358340
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0408903
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREATIVE COAST IS A NON-PROFIT ORGANIZATION SUPPORTED BY THE CITY OF SAVANNAH AND THE SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY. WE EXIST TO NURTURE THE MEMBERS OF THE COMMUMITY ENGAGED IN CREATIVE OR INNOVATIVE ENDEAVORS AND TO CULTIVATE AN ENVIRONMENT IN WHICH THEY CAN THRIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN AUGUST OF 2014, THE CREATIVE COAST MOVED TO CREATORS' FOUNDRY, A 16,000 SQUARE FOOT INNOVATION HUB ALLOWING THE CREATIVE COAST TO ADD MORE PROGRAMING AND SERVICES. A NEWLY INCLUDED SERVICE IS THE BIZLAB PROGRAM, A 12-18 MONTH MENTORING, COACHING, AND INTENSIVE ASSISTANCE PROGRAM DEVELOPED TO NURTURE HIGH GROWTH ORGANIZATIONS IN SAVANNAH, GEORGIA. SELECTED INDIVIDUALS AND TEAMS HAVE ACCESS TO WORKSHOPS, NETWORKS, AND RESOURCES AS WELL AS DEDICATED OFFICE SPACE INSIDE THE CREATORS' FOUNDRY. ADDITIONALLY THE CREATIVE COAST BEGAN HOSTING KAUFFMAN FOUNDATION'S 1 MILLION CUPS PROGRAM. 1 MILLION CUPS IS A FREE, WEEKLY NATIONAL PROGRAM DESIGNED TO EDUCATE, ENGAGE, AND CONNECT ENTREPRENEURS. CREATORS' FOUNDRY ALSO OFFERS TENANT SPACE FOR COMPANIES LOOKING TO COLLABORATE IN A CREATIVE AND INNOVATIVE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS PROVIDED AS PART OF REGULAR BOARD OF DIRECTORS MEETING ALONG WITH AUDITED REPORT FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POSTING HAS BEEN MADE ON ORGANIZATION'S WEBSITE NOTIFYING THE PUBLIC OF PROCESS TO REVIEW DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVENT COSTS 44,890 0 0 CONTRACTORS 7,818 0 0 INTERNSHIPS 23,188 0 0 GRANT WRITING 7,960 0 0 OTHER 55 6 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0359070
IRS990/TotalFunctionalExpensesGrp/TotalAmt0408903
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07945
IRS990/TotalLiabilitiesEOYAmt016358
IRS990/TotalLiabilitiesGrp/BOYAmt07945
IRS990/TotalLiabilitiesGrp/EOYAmt016358
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0218987
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IRS990/TotalProgramServiceExpensesAmt0359070
IRS990/TotalProgramServiceRevenueAmt090681
IRS990/TotalReportableCompFromOrgAmt0104000
IRS990/TotalRevenueGrp/ExclusionAmt0291
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090681
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0358340
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0226932
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0184782
IRS990/TravelGrp/ManagementAndGeneralAmt0422
IRS990/TravelGrp/ProgramServicesAmt03799
IRS990/TravelGrp/TotalAmt04221
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0218987
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0168424
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0415 WEST BOUNDARY STREET
IRS990/USAddress/CityNm0SAVANNAH
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031401
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.THECREATIVECOAST.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$1.14$0.13$2.84$3.14$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$2.46$0.43$3.64$3.99$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$3.18$0.77$3.01$3.02$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$2.75$0.79$2.20$2.29$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$2.25$0.87$1.74$1.43$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.63$0.56$3.03$2.98$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.45$0.51$2.54$2.53$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.23$0.50$2.51$1.75$0.76
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.71$0.26$3.31$4.97$1.66
2015Detailed filing. Detailed filing data is available for this year.$2.21$0.81$1.40$4.07$4.36$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.85$0.16$1.68$3.58$4.09$0.51
2013Detailed filing. Detailed filing data is available for this year.$2.27$0.08$2.19$3.13$2.68$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.05$1.73$1.96$2.25$0.29
2011Summary only. Only limited summary data is available for this year.$2.08$0.06$2.02$2.88$1.93$0.95
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • <$500k nonprofits