Civic Intelligence

Created Institute Inc.

990 • Fiscal year 2020 • EIN 81-3014851

Sep 01, 2019 to Aug 31, 2020 • Filed on Jun 14, 2021

Organization Profilewww.created.education
2 TUCKER ROAD Room 191Ridgecrest, NC 28770

(612) 834-1899

Siviq Scores

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

Liabilities / Assets

96th percentile

2.04x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • NTEE X • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.61x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • NTEE X • $500k-$1M nonprofits • Source year 2020

Net Margin

25th percentile

-2.0%

Higher net margin than 25% of similar nonprofits.

2020 filings • NTEE X • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

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

2020 filings • NTEE X • $500k-$1M nonprofits • Source year 2020

Asset Growth

84th percentile

90%

Faster asset growth than 84% of similar nonprofits.

2020 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-2.7%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$183,079

Up $86,593 (+90%) from 2019

Net Assets

Down

-$191,249

Down $58,774 (-44%) from 2019

Liabilities

Up

$374,328

Up $145,367 (+63%) from 2019

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin25th percentile

Revenue

Down

$614,508

Down $16,908 (-2.7%) from 2019

Expenses

Down

$626,730

Down $216,890 (-26%) from 2019

Net Income

Up

-$12,222

Up $199,982 (+94%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2017: $144,388Liabilities 2017: $265,526Net Assets 2017: -$121,1382017Assets 2018: $338,595Liabilities 2018: $254,100Net Assets 2018: $84,4952018Assets 2019: $96,486Liabilities 2019: $228,961Net Assets 2019: -$132,4752019Assets 2020: $183,079Liabilities 2020: $374,328Net Assets 2020: -$191,2492020Assets 2021: $39,895Liabilities 2021: $302,932Net Assets 2021: -$263,0372021Assets 2022: $374,091Liabilities 2022: $690,568Net Assets 2022: -$316,4772022Assets 2023: $286,809Liabilities 2023: $960,984Net Assets 2023: -$674,1752023Assets 2024: $230,629Liabilities 2024: $1,108,504Net Assets 2024: -$877,8752024

Highlighted filing

2020

Assets$183,079
Liabilities$374,328
Net Assets-$191,249
Open 2020 Filing

Operations Trend

Revenue Growth46th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $612,191Expenses 2017: $733,329Net Income 2017: -$121,1382017Revenue 2018: $989,629Expenses 2018: $785,721Net Income 2018: $203,9082018Revenue 2019: $631,416Expenses 2019: $843,620Net Income 2019: -$212,2042019Revenue 2020: $614,508Expenses 2020: $626,730Net Income 2020: -$12,2222020Revenue 2021: $535,076Expenses 2021: $608,286Net Income 2021: -$73,2102021Revenue 2022: $835,025Expenses 2022: $955,901Net Income 2022: -$120,8762022Revenue 2023: $939,193Expenses 2023: $1,298,423Net Income 2023: -$359,2302023Revenue 2024: $1,305,445Expenses 2024: $1,498,074Net Income 2024: -$192,6292024

Highlighted filing

2020

Revenue$614,508
Expenses$626,730
Net Income-$12,222
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jun 14, 2021
Return Version
2019v5.1
Gross Receipts
$614,508
Mission and Program Overview

Mission

Created is a private college where theology, culture, and entrepreneurialism become one story.the mission is to provide a transformative, christian based approach to cultivating habits of learning and innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,710$126,069▲ $110,359
Accounts Receivable$17,825$29,506▲ $11,681
Intangible Assets$31,764$21,836▼ $9,928
Loans From Officers Directors$26,132$11,132▼ $15,000
Prepaid Expenses and Deferred Charges$9,867$5,668▼ $4,199
Pledges and Grants Receivable$5,000--
Other Notes and Loans Receivable, Net$3,820--
Total Assets$96,486$183,079▲ $86,593
Other Assets Total$12,500--
Liabilities
Unsecured Notes Loans Payable-$247,619-
Deferred Revenue$141,134$61,983▼ $79,151
Accounts Payable and Accrued Expenses$61,695$53,594▼ $8,101
Total Liabilities$228,961$374,328▲ $145,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-132,475$-191,249▼ $58,774
Total Net Assets Fund Balance$-132,475$-191,249▼ $58,774
Total Liabilities and Net Assets / Fund Balance$96,486$183,079▲ $86,593

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,590$3,590
Compensation and Service Providers
Top Officer Pay60th percentile

Board Members and Trustees

NameTitle
Lee BybergChair and Provost
Daniel Davis NormentPresident
Bob NicholsDirector
David FredrikszDirector
Portia WadeSecretary
Andrew ChambersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,683
Program Service Revenue
$388,821
Investment Income
$4
Other Revenue
$0
All Other Contributions
$221,683
Change in Net Assets
$-12,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$373,085
Salaries, Compensation, and Employee Benefits$253,645
Total Fundraising Expense$35,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$162,956$31,970$122$195,048
Occupancy$133,492$16,300-$149,792
Other Employee Benefits$35,299$6,332-$41,631
Fees for Services Legal-$41,582-$41,582
Advertising$3,161$3,239$33,338$39,738
Fees for Services Management-$33,462-$33,462
Royalties$32,100--$32,100
Payroll Taxes$7,499$9,467-$16,966
Depreciation Depletion$3,979$9,949-$13,928
Insurance$89$7,216-$7,305
Travel$504$4,616-$5,120
Office Expenses$251$4,753$27$5,031
Fees for Services Accounting-$4,059-$4,059
Information Technology$1,475$934$1,527$3,936
Interest-$2,165-$2,165
All Other Expenses-$1,962$43$2,005
Other Expenses$974$1,980-$1,980
Conferences and Meetings-$1,679-$1,679
Total Functional Expenses$403,453$188,220$35,057$626,730
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
-Vendor Service ProviderManagement and ConsultingNo$129,083

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$26,132$11,132▼ $15,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Prepaid Tution-student Deposits-
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
Yes
Business relationship with organization members
Yes
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, Part VI, Section B, Line 12C

“The board memers annually review and complete a conflict of interest attestation and signs and provides to the board.”

Form 990, Part VI, Section 12, Line 19

“Documents are available to the general public through request via board members or at the organizations location at 84 blue ridge circle , black mountain nc”

Filing and Contact Details

Filer

Filer Name
Created Institute Inc
EIN
81-3014851
Phone
6128341899
Address
2 TUCKER ROAD Room 191, RIDGECREST, NC 28770
Doing Business As
Created Institute

Signing Officer

Name
Lee Byberg
Title
President
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Byberg
Formed
2016
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
JAMES M RUFF INC-CPA'S
Address
2015 1ST ST SO, WILLMAR, MN 56201
Preparer
JAMES M RUFF cpa
Phone
3202351002
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Correction to prior year revenue from student tuition”

Raw XML AppendixShowing 400 of 413 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03590
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03590
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID TUTION-STUDENT DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RIVENDELL WORLDSIDE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0VENDOR SERVICE PROVIDER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0129083
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT AND CONSULTING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt011132
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0RIVENDELL WORLDWIDE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ADVANCES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt011132
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0VENDOR SERVICE PROVIDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt011132
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMERS ANNUALLY REVIEW AND COMPLETE A CONFLICT OF INTEREST ATTESTATION AND SIGNS AND PROVIDES TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC THROUGH REQUEST VIA BOARD MEMBERS OR AT THE ORGANIZATIONS LOCATION AT 84 BLUE RIDGE CIRCLE , BLACK MOUNTAIN NC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CORRECTION TO PRIOR YEAR REVENUE FROM STUDENT TUITION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section 12, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0183079
IRS990/TotalAssetsGrp/BOYAmt096486
IRS990/TotalAssetsGrp/EOYAmt0183079
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IRS990/TotalContributionsAmt0225683
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035057
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0188220
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0403453
IRS990/TotalFunctionalExpensesGrp/TotalAmt0626730
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0228961
IRS990/TotalLiabilitiesEOYAmt0374328
IRS990/TotalLiabilitiesGrp/BOYAmt0228961
IRS990/TotalLiabilitiesGrp/EOYAmt0374328
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-132475
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-191249
IRS990/TotalProgramServiceExpensesAmt0403453
IRS990/TotalProgramServiceRevenueAmt0388821
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0388825
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0614508
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096486
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0183079
IRS990/TravelGrp/ManagementAndGeneralAmt04616
IRS990/TravelGrp/ProgramServicesAmt0504
IRS990/TravelGrp/TotalAmt05120
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0247619
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02505 COUNTRY CLUB DRIVE NE
IRS990/USAddress/CityNm0WILLMAR
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056201
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.created.education
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE BYBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATED INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0813014851
ReturnHeader/Filer/PhoneNum06128341899
ReturnHeader/Filer/USAddress/AddressLine1Txt02 TUCKER ROAD Room 191
ReturnHeader/Filer/USAddress/CityNm0RIDGECREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028770

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$183,079
Liabilities
$374,328
Net assets
-$191,249
Revenue
$614,508
Expenses
$626,730
Net income
-$12,222
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.23$1.11$0.88$1.31$1.50$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.96$0.67$0.94$1.30$0.36
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.69$0.32$0.84$0.96$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.04$0.30$0.26$0.54$0.61$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.37$0.19$0.61$0.63$0.01
2019Summary only. Only limited summary data is available for this year.$0.10$0.23$0.13$0.63$0.84$0.21
2018Summary only. Only limited summary data is available for this year.$0.34$0.25$0.08$0.99$0.79$0.20
2017Summary only. Only limited summary data is available for this year.$0.14$0.27$0.12$0.61$0.73$0.12