Civic Intelligence

Crea Foundation Inc.

990 • Fiscal year 2023 • EIN 85-3787409

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 20, 2024

Organization ProfileCREALLC.COM/FOUNDATION
30 S Meridian St Ste 400Indianapolis, IN 46204

(317) 808-7376

Siviq Scores

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

Liabilities / Assets

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.62x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$180,810

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 33.6% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

89th percentile

57%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-1.5%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$569,091

Up $206,788 (+57%) from 2022

Net Assets

Up

$237,303

Up $280,000 (+656%) from 2022

Liabilities

Down

$331,788

Down $73,212 (-18%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin91st percentile

Revenue

Down

$538,038

Down $8,003 (-1.5%) from 2022

Expenses

Down

$258,038

Down $456,199 (-64%) from 2022

Net Income

Up

$280,000

Up $448,196 (+266%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$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

2023

Assets$569,091
Liabilities$331,788
Net Assets$237,303
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$538,038
Expenses$258,038
Net Income$280,000
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 20, 2024
Return Version
2023v5.0
Gross Receipts
$592,629
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$362,278$467,976▲ $105,698
Accounts Receivable$25$101,115▲ $101,090
Total Assets$362,303$569,091▲ $206,788
Liabilities
Accounts Payable and Accrued Expenses$130,000$266,788▲ $136,788
Other Liabilities$275,000$65,000▼ $210,000
Total Liabilities$405,000$331,788▼ $73,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-42,697$237,303▲ $280,000
Total Net Assets Fund Balance$-42,697$237,303▲ $280,000
Total Liabilities and Net Assets / Fund Balance$362,303$569,091▲ $206,788
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Arvetta JideonwoExecutive DiPT$180,810$180,810

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$576,092
Program Service Revenue
$0
Investment Income
$16,537
Other Revenue
$-54,591
All Other Contributions
$252,581
Change in Net Assets
$280,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$258,038
Total Fundraising Expense$108,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$10,671-$10,671
All Other Expenses$2,122-$4,562$6,684
Office Expenses$6,484--$6,484
Conferences and Meetings-$5,051-$5,051
Other Expenses$2,879$4,774$43,207$4,774
Travel$3,826--$3,826
Insurance-$1,250-$1,250
Advertising-$848-$848
Information Technology-$269-$269
Total Functional Expenses$15,311$134,425$108,302$258,038
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$54,591
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Gol$126,365-$21,404-
Total Events$126,365-$54,591$-54,591
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarship Payable$65,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Arvetta Jideonwo
Title
Executive Director
Phone
3178087376
Signed
2024-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arvetta Jideonwo
Formed
2021
Legal Domicile
In
Voting Board Members
11
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, 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, 2023, or the year 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.”

Raw XML AppendixShowing 400 of 440 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0130000
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0266788
IRS990/AccountsReceivableGrp/BOYAmt025
IRS990/AccountsReceivableGrp/EOYAmt0101115
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THROUGH 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0848
IRS990/AdvertisingGrp/TotalAmt0848
IRS990/AllOtherContributionsAmt0252581
IRS990/AllOtherExpensesGrp/FundraisingAmt04562
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02122
IRS990/AllOtherExpensesGrp/TotalAmt06684
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0ARVETTA JIDEONWO
IRS990/BooksInCareOfDetail/PhoneNum03178087376
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt030 S MERIDIAN ST STE 400
IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046204
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0362278
IRS990/CashNonInterestBearingGrp/EOYAmt0467976
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt05051
IRS990/ConferencesMeetingsGrp/TotalAmt05051
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0126365
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0576092
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt016537
IRS990/CYOtherExpensesAmt0258038
IRS990/CYOtherRevenueAmt0-54591
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0280000
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0258038
IRS990/CYTotalFundraisingExpenseAmt0108302
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0538038
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0RAISE, HOLD, ADMINISTER, AND EXPENSE RESOURCES TO SUPPORT AND FUND SCHOLARSHIPS OR GRANTS TO RESIDENTS OF LOW-INCOME HOUSING COMMUNITIES
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt015311
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010671
IRS990/FeesForServicesAccountingGrp/TotalAmt010671
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt018034
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0ARVETTA JIDEONWO
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2TONY BERTOLDI
IRS990/Form990PartVIISectionAGrp/PersonNm3STEFANIE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm4KYLE MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm5PAM MCINTYRE
IRS990/Form990PartVIISectionAGrp/PersonNm6KATY MCSHANE
IRS990/Form990PartVIISectionAGrp/PersonNm7LAURA LEVITT SCHOENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm8ROGER SHANK
IRS990/Form990PartVIISectionAGrp/PersonNm9BRIAN VILLA
IRS990/Form990PartVIISectionAGrp/PersonNm10JEFF WHITING
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0162776
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0126365
IRS990/FundraisingDirectExpensesAmt054591
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0592629
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0269
IRS990/InformationTechnologyGrp/TotalAmt0269
IRS990/InsuranceGrp/ManagementAndGeneralAmt01250
IRS990/InsuranceGrp/TotalAmt01250
IRS990/InvestmentIncomeGrp/ExclusionAmt016537
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016537
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THROUGH 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-42697
IRS990/NetAssetsOrFundBalancesEOYAmt0237303
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-54591
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-42697
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0237303
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt06484
IRS990/OfficeExpensesGrp/TotalAmt06484
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0OVERHEAD AGREEMENT
IRS990/OtherExpensesGrp/Desc1CONTRACTED ASSETS & SERV
IRS990/OtherExpensesGrp/Desc2MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3STATE REGISTRATION FEES
IRS990/OtherExpensesGrp/FundraisingAmt060533
IRS990/OtherExpensesGrp/FundraisingAmt143207
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt060532
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt147996
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23034
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt34774
IRS990/OtherExpensesGrp/ProgramServicesAmt02879
IRS990/OtherExpensesGrp/TotalAmt0121065
IRS990/OtherExpensesGrp/TotalAmt191203
IRS990/OtherExpensesGrp/TotalAmt25913
IRS990/OtherExpensesGrp/TotalAmt34774
IRS990/OtherLiabilitiesGrp/BOYAmt0275000
IRS990/OtherLiabilitiesGrp/EOYAmt065000
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ARVETTA JIDEONWO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0RAISE, HOLD, ADMINISTER, AND EXPENSE RESOURCES TO SUPPORT AND FUND SCHOLARSHIPS OR GRANTS TO RESIDENTS OF LOW-INCOME HOUSING COMMUNITIES
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0583349
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0520000
IRS990/PYInvestmentIncomeAmt01286
IRS990/PYOtherExpensesAmt0194237
IRS990/PYOtherRevenueAmt0-38594
IRS990/PYRevenuesLessExpensesAmt0-168196
IRS990/PYTotalExpensesAmt0714237
IRS990/PYTotalRevenueAmt0546041
IRS990/ReconcilationRevenueExpnssAmt0280000
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0197146
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0576092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0583349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0196659
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01356100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016537
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017868
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98700
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt01356100
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0576092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0583349
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0196659
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01356100
IRS990ScheduleA/TotalSupportAmt01373968
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/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIP PAYABLE
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, 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, 2023, OR THE YEAR 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
IRS990ScheduleD/TotalLiabilityAmt065000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0100
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0126365
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0126365
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt054591
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06336
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06336
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARSHIP GOL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt012763
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt012763
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0126365
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0126365
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-54591
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt013047
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt013047
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021404
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021404
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0941
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0941
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0162776
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ARVETTA JIDEONWO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0180810
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0false
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0352131181
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CREA LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt030 S MERIDIAN ST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine2Txt0STE 400
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd046204
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0197146
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1167146
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CREA LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CREA LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0362303
IRS990/TotalAssetsEOYAmt0569091
IRS990/TotalAssetsGrp/BOYAmt0362303
IRS990/TotalAssetsGrp/EOYAmt0569091
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0576092
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0108302
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0134425
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015311
IRS990/TotalFunctionalExpensesGrp/TotalAmt0258038
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0405000
IRS990/TotalLiabilitiesEOYAmt0331788
IRS990/TotalLiabilitiesGrp/BOYAmt0405000
IRS990/TotalLiabilitiesGrp/EOYAmt0331788
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-42697
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0237303
IRS990/TotalOtherCompensationAmt018034
IRS990/TotalProgramServiceExpensesAmt015311
IRS990/TotalRevenueGrp/ExclusionAmt016537
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0538038
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0362303
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0569091
IRS990/TotReportableCompRltdOrgAmt0162776
IRS990/TravelGrp/ProgramServicesAmt03826
IRS990/TravelGrp/TotalAmt03826
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$569,091
Liabilities
$331,788
Net assets
$237,303
Revenue
$538,038
Expenses
$258,038
Net income
$280,000
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