Civic Intelligence

Creative World Inc

EIN 95-4351317 • 501(c)3 • Van Nuys, CA

Profile

Provide child care services

7243 Encino AvenueVan Nuys, CA 91406-2460

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

0.56x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

66th percentile

7.7%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

48th percentile

-3.0%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$199,741

Up $14,298 (+7.7%) from 2024

Liabilities

Up

$198,650

Up $14,911 (+8.1%) from 2024

Net Assets

Down

$1,091

Down $613 (-36%) from 2024

Revenue

Down

$357,806

Down $10,889 (-3.0%) from 2024

Expenses

Down

$357,806

Down $10,889 (-3.0%) from 2024

Net Income

Flat

$0

Flat from 2024

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $76,839Liabilities 2011: $74,917Net Assets 2011: $1,9222011Assets 2012: $61,852Liabilities 2012: $60,147Net Assets 2012: $1,7052012Assets 2013: $31,304Liabilities 2013: $29,685Net Assets 2013: $1,6192013Assets 2014: $25,794Liabilities 2014: $24,175Net Assets 2014: $1,6192014Assets 2015: $44,787Liabilities 2015: $39,501Net Assets 2015: $5,2862015Assets 2016: $38,290Liabilities 2016: $33,024Net Assets 2016: $5,2662016Assets 2017: $70,813Liabilities 2017: $65,547Net Assets 2017: $5,2662017Assets 2018: $131,144Liabilities 2018: $125,878Net Assets 2018: $5,2662018Assets 2019: $112,083Liabilities 2019: $106,817Net Assets 2019: $5,2662019Assets 2020: $90,270Liabilities 2020: $84,206Net Assets 2020: $6,0642020Assets 2021: $144,965Liabilities 2021: $138,901Net Assets 2021: $6,0642021Assets 2022: $169,412Liabilities 2022: $163,348Net Assets 2022: $6,0642022Assets 2023: $103,756Liabilities 2023: $99,765Net Assets 2023: $3,9912023Assets 2024: $185,443Liabilities 2024: $183,739Net Assets 2024: $1,7042024Assets 2025: $199,741Liabilities 2025: $198,650Net Assets 2025: $1,0912025

Highlighted filing

2025

Assets$199,741
Liabilities$198,650
Net Assets$1,091

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $331,821Expenses 2011: $331,675Net Income 2011: $1462011Revenue 2012: $284,217Expenses 2012: $284,217Net Income 2012: $02012Revenue 2013: $259,881Expenses 2013: $259,967Net Income 2013: -$862013Revenue 2014: $249,721Expenses 2014: $249,721Net Income 2014: $02014Revenue 2015: $265,416Expenses 2015: $265,428Net Income 2015: -$122015Revenue 2016: $264,233Expenses 2016: $264,253Net Income 2016: -$202016Revenue 2017: $287,668Expenses 2017: $287,668Net Income 2017: $02017Revenue 2018: $309,894Expenses 2018: $309,894Net Income 2018: $02018Revenue 2019: $334,186Expenses 2019: $334,186Net Income 2019: $02019Revenue 2020: $354,600Expenses 2020: $353,802Net Income 2020: $7982020Revenue 2021: $301,427Expenses 2021: $301,427Net Income 2021: $02021Revenue 2022: $316,017Expenses 2022: $316,017Net Income 2022: $02022Revenue 2023: $325,068Expenses 2023: $325,068Net Income 2023: $02023Revenue 2024: $368,695Expenses 2024: $368,695Net Income 2024: $02024Revenue 2025: $357,806Expenses 2025: $357,806Net Income 2025: $02025

Highlighted filing

2025

Revenue$357,806
Expenses$357,806
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$1.99$0.01$3.58$3.58$0.00
2024Detailed filing. Detailed filing data is available for this year.$1.85$1.84$0.02$3.69$3.69$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.04$1.00$0.04$3.25$3.25$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.69$1.63$0.06$3.16$3.16$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.45$1.39$0.06$3.01$3.01$0.00
2020Summary only. Only limited summary data is available for this year.$0.90$0.84$0.06$3.55$3.54$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.12$1.07$0.05$3.34$3.34$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.31$1.26$0.05$3.10$3.10$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.66$0.05$2.88$2.88$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.33$0.05$2.64$2.64$0.00
2015Summary only. Only limited summary data is available for this year.$0.45$0.40$0.05$2.65$2.65$0.00
2014Summary only. Only limited summary data is available for this year.$0.26$0.24$0.02$2.50$2.50$0.00
2013Summary only. Only limited summary data is available for this year.$0.31$0.30$0.02$2.60$2.60$0.00
2012Summary only. Only limited summary data is available for this year.$0.62$0.60$0.02$2.84$2.84$0.00
2011Summary only. Only limited summary data is available for this year.$0.77$0.75$0.02$3.32$3.32$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$357,806
Mission and Program Overview

Mission

Provide child care services

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$120,682$151,834▲ $31,152
Savings and Temporary Cash Investments$46,904$47,907▲ $1,003
Prepaid Expenses and Deferred Charges$17,857$0▼ $17,857
Total Assets$185,443$199,741▲ $14,298
Liabilities
Other Liabilities$163,226$147,588▼ $15,638
Accounts Payable and Accrued Expenses$20,513$51,062▲ $30,549
Total Liabilities$183,739$198,650▲ $14,911
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,704$1,091▼ $613
Total Net Assets Fund Balance$1,704$1,091▼ $613
Total Liabilities and Net Assets / Fund Balance$185,443$199,741▲ $14,298
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jaime Troncone LomeliBoard Member/program DirectorFT$85,440$85,440

Board Members and Trustees

NameTitle
Stacie SantoyaPresident
Connie BergstromBoard Member
Carrie VentrellaSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$357,806
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$42,339
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$357,806
Total Revenue per Audited Statements
$357,806
Total Revenue per Form 990
$357,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$242,811
Other Expenses$114,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$111,782$15,003$0$126,785
Current Officers, Directors, Trustees, and Key Employees$75,330$10,110$0$85,440
Occupancy$36,644$4,918$0$41,562
Payroll Taxes$21,003$2,819$0$23,822
Fees for Services Accounting$15,958$2,142$0$18,100
Other Expenses$14,170$1,902$0$16,072
Travel$11,245$1,509$0$12,754
Other Employee Benefits$5,964$800$0$6,764
Insurance$555$75$0$630
Total Functional Expenses$315,467$42,339$0$357,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$357,806
Total Expenses per Audited Statements$357,806
Total Expenses per Form 990$357,806
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
Due to Funding Source$99,681
Child development reserve account$47,907
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Creative World Inc
EIN
95-4351317
Phone
8183423611
Address
7243 ENCINO AVENUE, VAN NUYS, CA 91406-2460

Signing Officer

Name
Jaime Troncone Lomeli
Title
Executive Program Director
Phone
8183423611
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
9
Volunteers
0

Preparer

Firm
Wilfredo A Penoliar CRTP
Address
858 N Alexandria Ave, Los Angeles, CA 90029
Preparer
Wilfredo A Penoliar
Phone
3237757884
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Creative World, Inc.s Form 990 was prepared by the California Registered Tax Preparer based on the audit reports issued by the independent auditor.The completed form was reviewed by management prior to submitting the form to the full board for their review and approval for filing.

Pt VI, Line 15B

There is no written process in determining compensation for the program director and other key employee. However, their salaries are benchmarked with other like-sized agency in the area. Deliberation and decision for approving the salary is documented in the books and records of the organization.

Pt VI, Line 19

The organization makes its financial statements and its governing documents and policies available to the public upon request. To obtain these documents write or call: Creative World, Inc., 7243 Encino Avenue, Van Nuys, CA 91406-2460; telephone number (818) 342-3611.

Pt XII, Line 3B

The organization did not undergo audit in accordance with the Uniform Guidance because its federal expenditures did not amount to $750,000 or more. However, it underwent audit in accordance with Government Auditing Standards and California Department Audit Guide of July 2025.

Pt XI

Prior period adjustment for error correction in the amount of $613.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0368695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0325068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0342830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0301427
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01695826
IRS990ScheduleA/TotalSupportAmt01695826
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0357806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt199681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Child development reserve account
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO FUNDING SOURCE
IRS990ScheduleD/RevenueSubtotalAmt0357806
IRS990ScheduleD/TotalExpensesPerForm990Amt0357806
IRS990ScheduleD/TotalLiabilityAmt0147588
IRS990ScheduleD/TotalRevenuePerForm990Amt0357806
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0357806
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0357806
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Creative World, Inc.s Form 990 was prepared by the California Registered Tax Preparer based on the audit reports issued by the independent auditor.The completed form was reviewed by management prior to submitting the form to the full board for their review and approval for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There is no written process in determining compensation for the program director and other key employee. However, their salaries are benchmarked with other like-sized agency in the area. Deliberation and decision for approving the salary is documented in the books and records of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its financial statements and its governing documents and policies available to the public upon request. To obtain these documents write or call: Creative World, Inc., 7243 Encino Avenue, Van Nuys, CA 91406-2460; telephone number (818) 342-3611.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization did not undergo audit in accordance with the Uniform Guidance because its federal expenditures did not amount to $750,000 or more. However, it underwent audit in accordance with Government Auditing Standards and California Department Audit Guide of July 2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior period adjustment for error correction in the amount of $613.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
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IRS990/TotalContributionsAmt0357806
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042339
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315467
IRS990/TotalFunctionalExpensesGrp/TotalAmt0357806
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0183739
IRS990/TotalLiabilitiesEOYAmt0198650
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IRS990/TotalLiabilitiesGrp/EOYAmt0198650
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01091
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0315467
IRS990/TotalReportableCompFromOrgAmt085440
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0357806
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0199741
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01509
IRS990/TravelGrp/ProgramServicesAmt011245
IRS990/TravelGrp/TotalAmt012754
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt07243 ENCINO AVENUE
IRS990/USAddress/CityNm0VAN NUYS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0914062460
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jaime Troncone Lomeli
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Program Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08183423611
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATIVE WORLD INC
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0954351317
ReturnHeader/Filer/PhoneNum08183423611
ReturnHeader/Filer/USAddress/AddressLine1Txt07243 ENCINO AVENUE
ReturnHeader/Filer/USAddress/CityNm0VAN NUYS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0914062460
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0956550693
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wilfredo A Penoliar CRTP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0858 N Alexandria Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Angeles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090029
ReturnHeader/PreparerPersonGrp/PhoneNum03237757884
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Wilfredo A Penoliar
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-11T10:17:58-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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