Civic Intelligence

Creative World Inc.

990 • Fiscal year 2016 • EIN 95-4351317

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 11, 2016

Organization ProfileN/A
7243 Encino AvenueVan Nuys, CA 91406-2460

(818) 342-3611

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

41st percentile

-0.0%

Higher net margin than 41% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

48th percentile

-0.4%

Faster revenue growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$38,290

Down $6,497 (-15%) from 2015

Net Assets

Down

$5,266

Down $20 (-0.4%) from 2015

Liabilities

Down

$33,024

Down $6,477 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin41st percentile

Revenue

Down

$264,233

Down $1,183 (-0.4%) from 2015

Expenses

Down

$264,253

Down $1,175 (-0.4%) from 2015

Net Income

Down

-$20

Down $8 (-67%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$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

2016

Assets$38,290
Liabilities$33,024
Net Assets$5,266
Open 2016 Filing

Operations Trend

Revenue Growth48th percentile

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

2016

Revenue$264,233
Expenses$264,253
Net Income-$20
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 11, 2016
Return Version
2015v2.1
Gross Receipts
$264,233
Mission and Program Overview

Mission

Provide child care services

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$44,787$31,111▼ $13,676
Pledges and Grants Receivable-$7,179-
Total Assets$44,787$38,290▼ $6,497
Liabilities
Accounts Payable and Accrued Expenses$39,444$33,024▼ $6,420
Other Liabilities$57--
Total Liabilities$39,501$33,024▼ $6,477
Net Assets / Fund Balance
Unrestricted Net Assets$5,286$5,266▼ $20
Total Net Assets Fund Balance$5,286$5,266▼ $20
Total Liabilities and Net Assets / Fund Balance$44,787$38,290▼ $6,497
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jaime TronconeBoard Member/Program DirectorFT$54,000$54,000

Board Members and Trustees

NameTitle
Stacie SantoyaChairwoman
Amy GironBoard Member
Connie BergstromBoard Member
Carrie VentrellaSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$256,328
Program Service Revenue
$7,905
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-20

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,233
Total Revenue per Audited Statements
$264,233
Total Revenue per Form 990
$264,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$181,131
Other Expenses$83,122
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,810$9,090$0$90,900
Current Officers, Directors, Trustees, and Key Employees$48,600$5,400$0$54,000
Other Employee Benefits$21,758$2,418$0$24,176
Travel$15,428$1,714$0$17,142
Payroll Taxes$10,850$1,205$0$12,055
Fees for Services Accounting$8,550$950$0$9,500
Other Expenses$7,996$888$0$8,884
Insurance$4,450$495$0$4,945
Total Functional Expenses$237,828$26,425$0$264,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$264,253
Total Expenses per Audited Statements$264,253
Total Expenses per Form 990$264,253
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
Other Accounts Payable-
Due to Funding Source-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Title
Program Director
Phone
8183423611
Signed
2016-10-11
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
8
Volunteers
0

Preparer

Firm
Wilfredo A Penoliar CPA CGMA
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 independent auditor who audited its financial statements.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 November 2015.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Creative World, Inc.'s Form 990 was prepared by the independent auditor who audited its financial statements.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 November 2015.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 3b
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IRS990/TotalLiabilitiesBOYAmt039501
IRS990/TotalLiabilitiesEOYAmt033024
IRS990/TotalLiabilitiesGrp/BOYAmt039501
IRS990/TotalLiabilitiesGrp/EOYAmt033024
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05286
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05266
IRS990/TotalProgramServiceExpensesAmt0237828
IRS990/TotalProgramServiceRevenueAmt07905
IRS990/TotalReportableCompFromOrgAmt054000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07905
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264233
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt044787
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038290
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01714
IRS990/TravelGrp/ProgramServicesAmt015428
IRS990/TravelGrp/TotalAmt017142
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05286
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05266
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAIME TRONCONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PROGRAM DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08183423611
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-11
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/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wilfredo A Penoliar CPA CGMA
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/PreparationDt02016-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILFREDO A PENOLIAR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-18T08:55:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,290
Liabilities
$33,024
Net assets
$5,266
Revenue
$264,233
Expenses
$264,253
Net income
-$20
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