Civic Intelligence

Creative World Inc.

990 • Fiscal year 2023 • EIN 95-4351317

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 18, 2023

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

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.31x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

43rd percentile

0.0%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$56,960

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

14th percentile

-39%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

48th percentile

2.9%

Faster revenue growth than 48% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$103,756

Down $65,656 (-39%) from 2022

Net Assets

Down

$3,991

Down $2,073 (-34%) from 2022

Liabilities

Down

$99,765

Down $63,583 (-39%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin43rd percentile

Revenue

Up

$325,068

Up $9,051 (+2.9%) from 2022

Expenses

Up

$325,068

Up $9,051 (+2.9%) from 2022

Net Income

Flat

$0

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2023

Assets$103,756
Liabilities$99,765
Net Assets$3,991
Open 2023 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

2023

Revenue$325,068
Expenses$325,068
Net Income$0
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$325,068
Mission and Program Overview

Mission

Provide child care services

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$74,114$0▼ $74,114
Cash and Non-Interest-Bearing Accounts$76,684$65,923▼ $10,761
Prepaid Expenses and Deferred Charges$0$19,218▲ $19,218
Savings and Temporary Cash Investments$18,614$18,615▲ $1
Total Assets$169,412$103,756▼ $65,656
Liabilities
Other Liabilities$56,392$79,452▲ $23,060
Deferred Revenue$23,400$0▼ $23,400
Accounts Payable and Accrued Expenses$83,556$20,313▼ $63,243
Total Liabilities$163,348$99,765▼ $63,583
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,064$3,991▼ $2,073
Total Net Assets Fund Balance$6,064$3,991▼ $2,073
Total Liabilities and Net Assets / Fund Balance$169,412$103,756▼ $65,656
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jaime Troncone LomeliBoard Member/program DirectorFT$56,960$56,960

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$265,736
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$59,332
All Other Contributions
$26,813
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$298,255
Revenue Not Reported on Form 990
$26,813
Total Revenue per Audited Statements
$325,068
Total Revenue per Form 990
$298,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$201,648
Other Expenses$123,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,208$13,094$0$110,302
Current Officers, Directors, Trustees, and Key Employees$50,198$6,762$0$56,960
Other Expenses$36,692$3,140$0$39,832
Occupancy$23,768$3,045$0$26,813
Payroll Taxes$20,851$733$0$21,584
Fees for Services Accounting$17,383$2,117$0$19,500
Other Employee Benefits$7,255$5,547$0$12,802
Conferences and Meetings$5,744$1,724$0$7,468
Insurance$3,581$471$0$4,052
Total Functional Expenses$283,956$41,112$0$325,068

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$325,068
Expenses per Audited Statements$298,255
Total Expenses per Form 990$298,255
Expenses Not Reported on Form 990$26,813
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$60,837
Child development reserve account$18,615
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
2023-10-18
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
6
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 2023.”

Pt XI

“Payment to California Department of Education for 2020-2021 excess apportionments in the amount of $2073.”

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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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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt026813
IRS990ScheduleD/DonatedServicesUseFcltsAmt026813
IRS990ScheduleD/ExpensesNotReportedAmt026813
IRS990ScheduleD/ExpensesSubtotalAmt0298255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160837
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Child development reserve account
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO FUNDING SOURCE
IRS990ScheduleD/RevenueNotReportedAmt026813
IRS990ScheduleD/RevenueSubtotalAmt0298255
IRS990ScheduleD/TotalExpensesPerForm990Amt0298255
IRS990ScheduleD/TotalLiabilityAmt079452
IRS990ScheduleD/TotalRevenuePerForm990Amt0298255
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0325068
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0325068
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 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payment to California Department of Education for 2020-2021 excess apportionments in the amount of $2073.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0169412
IRS990/TotalAssetsEOYAmt0103756
IRS990/TotalAssetsGrp/BOYAmt0169412
IRS990/TotalAssetsGrp/EOYAmt0103756
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0265736
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041112
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0283956
IRS990/TotalFunctionalExpensesGrp/TotalAmt0325068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0163348
IRS990/TotalLiabilitiesEOYAmt099765
IRS990/TotalLiabilitiesGrp/BOYAmt0163348
IRS990/TotalLiabilitiesGrp/EOYAmt099765
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03991
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0283956
IRS990/TotalReportableCompFromOrgAmt056960
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059332
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325068
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0169412
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0103756
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jaime Troncone Lomeli
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Program Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08183423611
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-18
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/PreparationDt02023-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Wilfredo A Penoliar
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-10-22T15:57:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jaime Troncone
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Lomeli
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$103,756
Liabilities
$99,765
Net assets
$3,991
Revenue
$325,068
Expenses
$325,068
Net income
$0
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