Civic Intelligence

Crea Foundation Inc.

EIN 85-3787409 • 501(c)3 • Indianapolis, IN

Pub. 78 Eligible990-N Coverage

Profile

Through strategic partnerships, crea foundation seeks to improve the lives of youth and young adults facing financial barriers to success in the communities we serve by creating opportunities to further their learning, development and education.

30 S Meridian St Ste 400Indianapolis, IN 46204

creallc.com/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.17x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.19x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

91st percentile

54%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

3.0%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$640,862

Up $71,771 (+13%) from 2023

Liabilities

Down

$106,803

Down $224,985 (-68%) from 2023

Net Assets

Up

$534,059

Up $296,756 (+125%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin91st percentile

Revenue

Up

$554,217

Up $16,179 (+3.0%) from 2023

Expenses

Down

$257,461

Down $577 (-0.2%) from 2023

Net Income

Up

$296,756

Up $16,756 (+6.0%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2021: $213,854Liabilities 2021: $88,355Net Assets 2021: $125,4992021Assets 2022: $362,303Liabilities 2022: $405,000Net Assets 2022: -$42,6972022Assets 2023: $569,091Liabilities 2023: $331,788Net Assets 2023: $237,3032023Assets 2024: $640,862Liabilities 2024: $106,803Net Assets 2024: $534,0592024

Highlighted filing

2024

Assets$640,862
Liabilities$106,803
Net Assets$534,059
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $196,704Expenses 2021: $71,205Net Income 2021: $125,4992021Revenue 2022: $546,041Expenses 2022: $714,237Net Income 2022: -$168,1962022Revenue 2023: $538,038Expenses 2023: $258,038Net Income 2023: $280,0002023Revenue 2024: $554,217Expenses 2024: $257,461Net Income 2024: $296,7562024

Highlighted filing

2024

Revenue$554,217
Expenses$257,461
Net Income$296,756
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$640,862
Liabilities
$106,803
Net assets
$534,059
Revenue
$554,217
Expenses
$257,461
Net income
$296,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.41$1.07$5.34$5.54$2.57$2.97
2023Detailed filing. Detailed filing data is available for this year.$5.69$3.32$2.37$5.38$2.58$2.80
2022Detailed filing. Detailed filing data is available for this year.$3.62$4.05$0.43$5.46$7.14$1.68
2021Detailed filing. Detailed filing data is available for this year.$2.14$0.88$1.25$1.97$0.71$1.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 23, 2025
Return Version
2024v5.0
Gross Receipts
$595,802
Mission and Program Overview

Mission

Through strategic partnerships, crea foundation seeks to improve the lives of youth and young adults facing financial barriers to success in the communities we serve by creating opportunities to further their learning, development and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$467,976$640,862▲ $172,886
Accounts Receivable$101,115--
Total Assets$569,091$640,862▲ $71,771
Liabilities
Accounts Payable and Accrued Expenses$266,788$106,803▼ $159,985
Other Liabilities$65,000--
Total Liabilities$331,788$106,803▼ $224,985
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$237,303$491,617▲ $254,314
Net Assets With Donor Restrictions-$42,442-
Total Net Assets Fund Balance$237,303$534,059▲ $296,756
Total Liabilities and Net Assets / Fund Balance$569,091$640,862▲ $71,771
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Arvetta JideonwoExecutive Di$110,633$110,633

Board Members and Trustees

NameTitle
Jeff WhitingChair
Arvetta JideonwoExecutive Director
Brian VillaMember
Charles AndersonMember
Katy McshaneMember
Kyle MaloneMember
Laurie Levitt SchoenburgMember
Pam McintyreMember
Roger ShankMember
Stefanie BrownMember
Tony BertoldiMember
Revenue and Support

Revenue Composition

Contributions and Grants
$570,489
Program Service Revenue
$0
Investment Income
$25,313
Other Revenue
$-41,585
All Other Contributions
$215,407
Change in Net Assets
$296,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,961
Total Fundraising Expense$110,609
Grants and Similar Amounts Paid$5,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$19,373-$19,373
Travel$5,987--$5,987
Grants to Domestic Orgs$5,500--$5,500
All Other Expenses$2,353$517$2,200$5,070
Other Expenses$2,544$2,708$3,093$3,093
Insurance-$1,250-$1,250
Advertising-$937-$937
Office Expenses$214--$214
Conferences and Meetings-$152-$152
Total Functional Expenses$16,598$130,254$110,609$257,461
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dr Richard Barnett Foundation IncNew York, NY501c3Education$5,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$41,585
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Gol$173,152-$5,989-
Total Events$173,152-$41,585$-41,585
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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 form 990 will be provided to each board memeber prior to filing with the internal revenue service. A formal review is done only if requested by a board member.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Crea Foundation Inc
EIN
85-3787409
Phone
3178087376
Address
30 S MERIDIAN ST STE 400, INDIANAPOLIS, IN 46204

Signing Officer

Name
Roger Shank
Title
Member
Phone
3178087376
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Shank
Formed
2021
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
30

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240-3797
Preparer
James J Cline
Phone
3175661000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Through strategic partnerships, crea foundation seeks to improve the lives of youth and young adults facing financial barriers to success in the communities we serve by creating opportunities to further their learning, development and education.”

Form 990, Page 2, Part III, Line 4D

“Raise, hold, administer, and expense resources to support and fund scholarships or grants to residents of low-income housing communities”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation was created on october 22, 2020. The foundation has been determined by the internal revenue service to be tax exempt under section 501(c)(3) of the internal revenue code (the code). As a result, contributions made to the foundation qualify as charitable deductions as described in section 170(c) of the code. The foundation has been classified as an organization that is public charity under section 170(b)(1)(a)(vi) of the code. Management evaluates all tax positions taken or expected to be taken on its annual information returns, including the position that the foundation continues to qualify to be treated as a section 501(c)(3) organization for both federal and state purposes. For the year ended december 31, 2024 and december 31, 2023, management does not feel it has taken any tax positions that would not be sustained under examination. Therefore, no interest or penalties have been accrued or charged to expense as of december 31, 2024,or the years then ended. The annual information returns for the foundation are subject to examination by taxing authorities for a period of three years from the date they are filed.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS CREATED ON OCTOBER 22, 2020. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). AS A RESULT, CONTRIBUTIONS MADE TO THE FOUNDATION QUALIFY AS CHARITABLE DEDUCTIONS AS DESCRIBED IN SECTION 170(C) OF THE CODE. THE FOUNDATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS PUBLIC CHARITY UNDER SECTION 170(B)(1)(A)(VI) OF THE CODE. MANAGEMENT EVALUATES ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON ITS ANNUAL INFORMATION RETURNS, INCLUDING THE POSITION THAT THE FOUNDATION CONTINUES TO QUALIFY TO BE TREATED AS A SECTION 501(C)(3) ORGANIZATION FOR BOTH FEDERAL AND STATE PURPOSES. FOR THE YEAR ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023, MANAGEMENT DOES NOT FEEL IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT BE SUSTAINED UNDER EXAMINATION. THEREFORE, NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF DECEMBER 31, 2024,OR THE YEARS THEN ENDED. THE ANNUAL INFORMATION RETURNS FOR THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
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IRS990ScheduleI/RecipientTable/RecipientEIN0850862224
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 8667
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH STRATEGIC PARTNERSHIPS, CREA FOUNDATION SEEKS TO IMPROVE THE LIVES OF YOUTH AND YOUNG ADULTS FACING FINANCIAL BARRIERS TO SUCCESS IN THE COMMUNITIES WE SERVE BY CREATING OPPORTUNITIES TO FURTHER THEIR LEARNING, DEVELOPMENT AND EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RAISE, HOLD, ADMINISTER, AND EXPENSE RESOURCES TO SUPPORT AND FUND SCHOLARSHIPS OR GRANTS TO RESIDENTS OF LOW-INCOME HOUSING COMMUNITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE PROVIDED TO EACH BOARD MEMEBER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. A FORMAL REVIEW IS DONE ONLY IF REQUESTED BY A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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