Civic Intelligence

Created Institute Inc.

990 • Fiscal year 2022 • EIN 81-3014851

Sep 01, 2021 to Aug 31, 2022 • Filed on May 23, 2023

Organization Profilewww.created.education
2 Tucker Road Apt 191Ridgecrest, NC 28770

(612) 834-1899

Siviq Scores

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

Liabilities / Assets

98th percentile

1.85x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • NTEE X20 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.83x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • NTEE X20 • $500k-$1M nonprofits • Source year 2022

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2022 filings • NTEE X20 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2022 filings • NTEE X20 • $500k-$1M nonprofits • Source year 2022

Asset Growth

99th percentile

838%

Faster asset growth than 99% of similar nonprofits.

2022 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

56%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$374,091

Up $334,196 (+838%) from 2021

Net Assets

Down

-$316,477

Down $53,440 (-20%) from 2021

Liabilities

Up

$690,568

Up $387,636 (+128%) from 2021

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin16th percentile

Revenue

Up

$835,025

Up $299,949 (+56%) from 2021

Expenses

Up

$955,901

Up $347,615 (+57%) from 2021

Net Income

Down

-$120,876

Down $47,666 (-65%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2022

Assets$374,091
Liabilities$690,568
Net Assets-$316,477
Open 2022 Filing

Operations Trend

Revenue Growth82nd 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

2022

Revenue$835,025
Expenses$955,901
Net Income-$120,876
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
May 23, 2023
Return Version
2021v4.2
Gross Receipts
$835,025
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
Accounts Receivable$6,660$138,357▲ $131,697
Prepaid Expenses and Deferred Charges$9,344$37,483▲ $28,139
Cash and Non-Interest-Bearing Accounts$15,618$26,605▲ $10,987
Land, Buildings, and Equipment, Net$498$7,983▲ $7,485
Intangible Assets$7,775$3,663▼ $4,112
Total Assets$39,895$374,091▲ $334,196
Other Assets Total-$160,000-
Liabilities
Unsecured Notes Loans Payable$211,526$532,523▲ $320,997
Accounts Payable and Accrued Expenses$49,535$96,408▲ $46,873
Deferred Revenue$41,871$61,637▲ $19,766
Total Liabilities$302,932$690,568▲ $387,636
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-263,037$-316,477▼ $53,440
Total Net Assets Fund Balance$-263,037$-316,477▼ $53,440
Total Liabilities and Net Assets / Fund Balance$39,895$374,091▲ $334,196

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,983$5,759$13,742
Other Assets Org$160,000--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$271,706
Program Service Revenue
$564,891
Investment Income
$0
Other Revenue
$-1,572
All Other Contributions
$260,706
Change in Net Assets
$-120,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$532,040
Salaries, Compensation, and Employee Benefits$384,809
Total Fundraising Expense$93,500
Professional Fundraising Fees$38,902
Grants and Similar Amounts Paid$150

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$203,526$129,365$26,000$358,891
Occupancy$303,196$650-$303,846
Royalties$52,013--$52,013
Fees for Services Professional Fundraising--$38,902$38,902
Payroll Taxes$13,206$12,712-$25,918
Travel$2,526$11,135$5,959$19,620
Information Technology$7,759$5,882$2,486$16,127
Fees for Services Management$5,947$9,360-$15,307
Conferences and Meetings$2,505$211$10,687$13,403
Office Expenses$3,161$4,807$4,211$12,179
Insurance-$6,942-$6,942
Advertising$1,056-$5,123$6,179
Depreciation Depletion$4,261$1,908-$6,169
Fees for Services Legal-$4,741-$4,741
Other Expenses$20,043$3,250-$3,250
All Other Expenses$2,268$422$132$2,822
Fees for Services Accounting$698$845-$1,543
Interest-$1,456-$1,456
Grants to Domestic Orgs$150--$150
Total Functional Expenses$668,715$193,686$93,500$955,901
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$38,902
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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, Part VI, Section B, Line 12C

“The board members 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 APT 191, RIDGECREST, NC 28770
Doing Business As
Created Institute

Signing Officer

Name
Vidar L Byberg
Title
President
Phone
6128341899
Signed
2023-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vidar L Byberg
Formed
2016
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
20

Preparer

Firm
James M Ruff Inc
Address
2015 1ST ST S, WILLMAR, MN 56201
Preparer
James M Ruff
Phone
3202351002
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0564891
IRS990/RoyaltiesGrp/ProgramServicesAmt052013
IRS990/RoyaltiesGrp/TotalAmt052013
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt07983
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05759
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013742
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0160000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FACILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE -CREEKSIDE
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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07983
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0160000
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/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Notice of Nondiscriminatory Policy as to Students Excel College, Inc. admits students of any race, color, national and ethnic origin, age, family/parental status, or income derived from a federal assistance program to all the rights, privileges, programs and activities generally accorded or made available to students at the school, including in the nondiscriminatory administration of its educational policies, admissions policies, scholarship and loan programs, and all school-administered programs.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc03
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS 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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section 12, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0271706
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt093500
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0193686
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0668715
IRS990/TotalFunctionalExpensesGrp/TotalAmt0955901
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0302932
IRS990/TotalLiabilitiesEOYAmt0690568
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-316477
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt013010
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt013010
IRS990/TotalProgramServiceExpensesAmt0668715
IRS990/TotalProgramServiceRevenueAmt0564891
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0562488
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0835025
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039895
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0374091
IRS990/TravelGrp/FundraisingAmt05959
IRS990/TravelGrp/ManagementAndGeneralAmt011135
IRS990/TravelGrp/ProgramServicesAmt02526
IRS990/TravelGrp/TotalAmt019620
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0211526
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0532523
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VIDAR L BYBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06128341899
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATED INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0813014851
ReturnHeader/Filer/PhoneNum06128341899

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$374,091
Liabilities
$690,568
Net assets
-$316,477
Revenue
$835,025
Expenses
$955,901
Net income
-$120,876
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