Civic Intelligence

Creation Foundation Inc.

990 • Fiscal year 2015 • EIN 59-3631650

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 28, 2015

9732 Little RoadNew Port Richey, FL 34654

(727) 857-6922

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.63x

Higher debt load relative to assets than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.34x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

44th percentile

1.0%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

57th percentile

2.5%

Faster asset growth than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

5.0%

Faster revenue growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,604,049

Up $64,386 (+2.5%) from 2014

Net Assets

Up

$958,278

Up $48,302 (+5.3%) from 2014

Liabilities

Up

$1,645,771

Up $16,084 (+1.0%) from 2014

Revenue

Up

$4,911,453

Up $233,363 (+5.0%) from 2014

Expenses

Up

$4,863,151

Up $220,318 (+4.7%) from 2014

Net Income

Up

$48,302

Up $13,045 (+37%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $1,936,836Liabilities 2011: $1,089,666Net Assets 2011: $847,1702011Assets 2012: $2,386,122Liabilities 2012: $1,560,223Net Assets 2012: $825,8992012Assets 2013: $2,376,840Liabilities 2013: $1,483,171Net Assets 2013: $893,6692013Assets 2014: $2,539,663Liabilities 2014: $1,629,687Net Assets 2014: $909,9762014Assets 2015: $2,604,049Liabilities 2015: $1,645,771Net Assets 2015: $958,2782015Assets 2016: $4,503,361Liabilities 2016: $3,635,236Net Assets 2016: $868,1252016Assets 2017: $4,632,463Liabilities 2017: $3,751,897Net Assets 2017: $880,5662017Assets 2018: $4,486,842Liabilities 2018: $3,621,897Net Assets 2018: $864,9452018Assets 2019: $5,523,879Liabilities 2019: $3,616,052Net Assets 2019: $1,907,8272019Assets 2020: $6,581,832Liabilities 2020: $4,295,924Net Assets 2020: $2,285,9082020Assets 2021: $13,715,095Liabilities 2021: $11,450,166Net Assets 2021: $2,264,9292021Assets 2022: $13,687,467Liabilities 2022: $11,445,719Net Assets 2022: $2,241,7482022Assets 2025: $38,713,824Liabilities 2025: $11,047,351Net Assets 2025: $27,666,4732025

Highlighted filing

2015

Assets$2,604,049
Liabilities$1,645,771
Net Assets$958,278

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $3,855,3232011Expenses 2012: $4,138,1172012Expenses 2013: $4,200,3792013Revenue 2014: $4,678,090Expenses 2014: $4,642,833Net Income 2014: $35,2572014Revenue 2015: $4,911,453Expenses 2015: $4,863,151Net Income 2015: $48,3022015Revenue 2016: $5,322,459Expenses 2016: $5,412,612Net Income 2016: -$90,1532016Revenue 2017: $5,683,288Expenses 2017: $5,670,847Net Income 2017: $12,4412017Revenue 2018: $6,165,811Expenses 2018: $6,154,232Net Income 2018: $11,5792018Revenue 2019: $7,864,220Expenses 2019: $6,821,338Net Income 2019: $1,042,8822019Revenue 2020: $7,816,108Expenses 2020: $7,438,027Net Income 2020: $378,0812020Revenue 2021: $8,851,502Expenses 2021: $8,872,481Net Income 2021: -$20,9792021Revenue 2022: $11,272,510Expenses 2022: $11,295,691Net Income 2022: -$23,1812022Revenue 2025: $45,458,964Expenses 2025: $19,576,146Net Income 2025: $25,882,8182025

Highlighted filing

2015

Revenue$4,911,453
Expenses$4,863,151
Net Income$48,302
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$4,945,482
Mission and Program Overview

Mission

Provide Education in Academics and Fine Arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,161,865$2,291,785▲ $129,920
Pd in Cap Srpls Land Bldg Eqp Fund$782,584$919,769▲ $137,185
Cash and Non-Interest-Bearing Accounts$258,502$208,029▼ $50,473
Prepaid Expenses and Deferred Charges$46,034$42,787▼ $3,247
Rtn Earn Endowment Incm Other Fnds$127,392$38,509▼ $88,883
Pledges and Grants Receivable-$26,826-
Accounts Receivable$41,983$352▼ $41,631
Total Assets$2,539,663$2,604,049▲ $64,386
Other Assets Total$31,279$34,270▲ $2,991
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,379,281$1,372,016▼ $7,265
Accounts Payable and Accrued Expenses$250,406$273,755▲ $23,349
Total Liabilities$1,629,687$1,645,771▲ $16,084
Net Assets / Fund Balance
Total Net Assets Fund Balance$909,976$958,278▲ $48,302
Total Liabilities and Net Assets / Fund Balance$2,539,663$2,604,049▲ $64,386

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,460,973$453,432-
Other Land Buildings$106,406--
Land$544,683--
Equipment$179,723$529,397-
Other Assets Org$34,270--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Darren CurtisChairman
Mike RyanVice Chairman
Suzanne LeggAdministrator
Christy PaganoMember
Denise DoerrfieldMember
Julie RogersMember
Paul ManuelMember
Tom BuyeaMember
Lillian CuavasPrincipal Early Learning
Brenda GarciaPrincipal Elemntary School
Sara CapwellPrincipal Secondary School
Revenue and Support

Revenue Composition

Contributions and Grants
$7,625
Program Service Revenue
$4,143,279
Investment Income
$0
Other Revenue
$760,549
Change in Net Assets
$48,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,863,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,311,125$0$0$1,311,125
Other Expenses$164,602$0$0$164,602
Depreciation Depletion$119,596$0$0$119,596
Interest$98,886$0$0$98,886
Total Functional Expenses$4,355,258$507,893$0$4,863,151
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,761
Fundraising Direct Expenses$34,029
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$71,761$71,761$34,029$37,732
Total Events$71,761$71,761$34,029$37,732
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pre-school Liabilities-
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 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
Yes
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
Creation Foundation Inc
EIN
59-3631650
Phone
7278576922
Address
9732 LITTLE ROAD, NEW PORT RICHEY, FL 34654

Signing Officer

Name
Darren Curtis
Title
Chairman
Phone
7278576922
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darren Curtis
Formed
2000
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
148
Volunteers
200

Preparer

Firm
Robert Walker CPA PA
Address
2803 W Busch Blvd Ste 106, Tampa, FL 33618
Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the board for approval.

Pt VI, Line 12C

At each board meeting, the agenda is notated to remind board members to recuse from voting on any item that may be a conflict of interest.

Pt VI, Line 15B

The principal is paid in accordance with the school district's pay scale.

Form 990, Part IX, Line 24F

Fiscal services 34934. 34934. 0. 0. Pupil transportation 98310. 98310. 0. 0. Operation of plant 458419. 458419. 0. 0. Maintenance of plant 34598. 34598. 0. 0. Community service 391110. 391110. 0. 0. Pupil personnel service 2250. 2250. 0. 0. Pre-school 291504. 291504. 0. 0.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PRE-SCHOOL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02291785
IRS990ScheduleD/TotalBookValueOtherAssetsAmt034270
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0STATES EQUAL OPPORTUNITY IN BROCHURE. NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034029
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071761
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt071761
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt071761
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt071761
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt037732
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034029
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt034029
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL DISTRICT'S PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FISCAL SERVICES 34934. 34934. 0. 0. PUPIL TRANSPORTATION 98310. 98310. 0. 0. OPERATION OF PLANT 458419. 458419. 0. 0. MAINTENANCE OF PLANT 34598. 34598. 0. 0. COMMUNITY SERVICE 391110. 391110. 0. 0. PUPIL PERSONNEL SERVICE 2250. 2250. 0. 0. PRE-SCHOOL 291504. 291504. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CREATION FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0DAYSPRING'S LITTLE SCHOLARS
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0300638463
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt034270
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PRE-SCHOOL
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0294495
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt09732 LITTLE ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEW PORT RICHEY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd034654
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02539663
IRS990/TotalAssetsEOYAmt02604049
IRS990/TotalAssetsGrp/BOYAmt02539663
IRS990/TotalAssetsGrp/EOYAmt02604049
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07625
IRS990/TotalEmployeeCnt0148
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0507893
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04355258
IRS990/TotalFunctionalExpensesGrp/TotalAmt04863151
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01629687
IRS990/TotalLiabilitiesEOYAmt01645771
IRS990/TotalLiabilitiesGrp/BOYAmt01629687
IRS990/TotalLiabilitiesGrp/EOYAmt01645771
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0909976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0958278
IRS990/TotalProgramServiceExpensesAmt04355258
IRS990/TotalProgramServiceRevenueAmt04143279
IRS990/TotalRevenueGrp/ExclusionAmt037732
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04866096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04911453
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02539663
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02604049
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09509 PALM AVE
IRS990/USAddress/CityNm0PORT RICHEY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034668
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DARREN CURTIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07278576922
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0593631650
ReturnHeader/Filer/PhoneNum07278576922
ReturnHeader/Filer/USAddress/AddressLine1Txt09732 LITTLE ROAD
ReturnHeader/Filer/USAddress/CityNm0NEW PORT RICHEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034654
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT WALKER CPA
ReturnHeader/ReturnTs02015-10-30T12:22:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.7$11.0$27.7$45.5$19.6$25.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$11.4$2.24$11.3$11.3$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$11.5$2.26$8.85$8.87$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$4.30$2.29$7.82$7.44$0.38
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$3.62$1.91$7.86$6.82$1.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.49$3.62$0.86$6.17$6.15$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$3.75$0.88$5.68$5.67$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.50$3.64$0.87$5.32$5.41$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.60$1.65$0.96$4.91$4.86$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.54$1.63$0.91$4.68$4.64$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$1.48$0.89$4.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$1.56$0.83$4.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$1.09$0.85$3.86
Peer Organizations

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