Civic Intelligence

Creation Studies Institute

990 • Fiscal year 2020 • EIN 65-0039668

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

2200 SW 10th StDeerfield Beach, FL 33442

(954) 771-1652

Siviq Scores

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

Liabilities / Assets

88th percentile

0.50x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.20x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-7.8%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$30,538

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

55th percentile

7.4%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-13%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$107,781

Up $7,451 (+7.4%) from 2019

Net Assets

Down

$53,902

Down $20,822 (-28%) from 2019

Liabilities

Up

$53,879

Up $28,273 (+110%) from 2019

Revenue

Down

$267,477

Down $41,283 (-13%) from 2019

Expenses

Up

$288,299

Up $7,065 (+2.5%) from 2019

Net Income

Down

-$20,822

Down $48,348 (-176%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $47,798Liabilities 2010: $43,680Net Assets 2010: $4,1182010Assets 2011: $78,795Liabilities 2011: $60,350Net Assets 2011: $18,4452011Assets 2012: $62,498Liabilities 2012: $44,584Net Assets 2012: $17,9142012Assets 2013: $58,838Liabilities 2013: $42,758Net Assets 2013: $16,0802013Assets 2014: $69,596Liabilities 2014: $41,446Net Assets 2014: $28,1502014Assets 2015: $62,901Liabilities 2015: $36,589Net Assets 2015: $26,3122015Assets 2016: $54,280Liabilities 2016: $27,437Net Assets 2016: $26,8432016Assets 2017: $43,076Liabilities 2017: $28,222Net Assets 2017: $14,8542017Assets 2018: $73,559Liabilities 2018: $26,361Net Assets 2018: $47,1982018Assets 2019: $100,330Liabilities 2019: $25,606Net Assets 2019: $74,7242019Assets 2020: $107,781Liabilities 2020: $53,879Net Assets 2020: $53,9022020Assets 2021: $103,047Liabilities 2021: $27,102Net Assets 2021: $75,9452021Assets 2022: $98,197Liabilities 2022: $29,066Net Assets 2022: $69,1312022Assets 2023: $158,946Liabilities 2023: $7,580Net Assets 2023: $151,3662023Assets 2024: $97,299Liabilities 2024: $2,368Net Assets 2024: $94,9312024

Highlighted filing

2020

Assets$107,781
Liabilities$53,879
Net Assets$53,902

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $570,8772010Expenses 2011: $491,1532011Expenses 2012: $469,1342012Revenue 2013: $488,073Expenses 2013: $489,907Net Income 2013: -$1,8342013Revenue 2014: $488,248Expenses 2014: $476,178Net Income 2014: $12,0702014Revenue 2015: $435,192Expenses 2015: $437,030Net Income 2015: -$1,8382015Revenue 2016: $381,284Expenses 2016: $380,753Net Income 2016: $5312016Revenue 2017: $322,760Expenses 2017: $334,749Net Income 2017: -$11,9892017Revenue 2018: $324,360Expenses 2018: $292,016Net Income 2018: $32,3442018Revenue 2019: $308,760Expenses 2019: $281,234Net Income 2019: $27,5262019Revenue 2020: $267,477Expenses 2020: $288,299Net Income 2020: -$20,8222020Revenue 2021: $327,385Expenses 2021: $305,342Net Income 2021: $22,0432021Revenue 2022: $300,497Expenses 2022: $307,311Net Income 2022: -$6,8142022Revenue 2023: $410,689Expenses 2023: $328,454Net Income 2023: $82,2352023Revenue 2024: $197,673Expenses 2024: $254,108Net Income 2024: -$56,4352024

Highlighted filing

2020

Revenue$267,477
Expenses$288,299
Net Income-$20,822
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.0
Gross Receipts
$281,226
Mission and Program Overview

Mission

Scientific research promoting the biblical foundation of creation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,506$46,355▲ $849
Cash and Non-Interest-Bearing Accounts$38,373$43,277▲ $4,904
Inventories for Sale or Use$8,951$10,649▲ $1,698
Total Assets$100,330$107,781▲ $7,451
Other Assets Total$7,500$7,500→ $0
Liabilities
Unsecured Notes Loans Payable-$37,149-
Other Liabilities$14,798$12,441▼ $2,357
Accounts Payable and Accrued Expenses$10,808$4,289▼ $6,519
Total Liabilities$25,606$53,879▲ $28,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,724$53,902▼ $20,822
Total Net Assets Fund Balance$74,724$53,902▼ $20,822
Total Liabilities and Net Assets / Fund Balance$100,330$107,781▲ $7,451

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,748$49,307$51,055
Leasehold Improvements$44,607$6,328$50,935
Other Assets Org$7,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tom DerosaExecutive DiFT$30,538$30,538

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$238,533
Program Service Revenue
$20,672
Investment Income
$0
Other Revenue
$8,272
All Other Contributions
$238,533
Change in Net Assets
$-20,822

Audited Revenue Reconciliation

Revenue per Audited Statements
$267,477
Total Revenue per Audited Statements
$267,477
Total Revenue per Form 990
$267,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$164,215
Other Expenses$124,084
Total Fundraising Expense$35,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$64,753$45,526$11,728$122,007
Office Expenses$21,345$7,502$16,030$44,877
Occupancy$28,050$3,217-$31,267
Current Officers, Directors, Trustees, and Key Employees$18,323$9,161$3,054$30,538
Payroll Taxes$6,355$4,184$1,131$11,670
Information Technology$8,263$2,340$341$10,944
Insurance$965$6,971-$7,936
Fees for Services Accounting-$7,700-$7,700
Depreciation Depletion$3,584$896-$4,480
Fees for Services Other-$3,046-$3,046
Advertising--$2,134$2,134
All Other Expenses$1,036$293-$1,329
Other Expenses$1,247$1,516$1,167$1,247
Total Functional Expenses$160,362$92,352$35,585$288,299

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$288,299
Total Expenses per Audited Statements$288,299
Total Expenses per Form 990$288,299
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
Bank of America Credit Card$12,441
Governance and Compliance

Governance Checklist

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

The organization has the form 990 prepared by a cpa firm and then is reviewed by the board of directors prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 19

The organization's form 990 is available to the public on guidestar.org, or upon request.

Filing and Contact Details

Filer

Filer Name
Creation Studies Institute Inc
EIN
65-0039668
Phone
9547711652
Address
2200 SW 10TH ST, DEERFIELD BEACH, FL 33442

Signing Officer

Name
Tom Derosa
Title
Executive Director
Phone
9547711652
Signed
2021-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Derosa
Formed
1988
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
13

Preparer

Firm
Steve Rice CPA Inc
Address
2810 NW 69TH AVE, MARGATE, FL 33063-2000
Preparer
Steve Rice
Phone
9542634878
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC ON GUIDESTAR.ORG, OR UPON REQUEST.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.02$0.95$1.98$2.54$0.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.08$1.51$4.11$3.28$0.82
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.29$0.69$3.00$3.07$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.27$0.76$3.27$3.05$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.54$0.54$2.67$2.88$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.26$0.75$3.09$2.81$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.26$0.47$3.24$2.92$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.28$0.15$3.23$3.35$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.27$0.27$3.81$3.81$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.37$0.26$4.35$4.37$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.41$0.28$4.88$4.76$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.43$0.16$4.88$4.90$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.45$0.18$4.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.60$0.18$4.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.44$0.04$5.71