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Creative Minds Nyc INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Since 2004Arts & Culture EIN 02-0720786Revenue $954K in FY2022

On file with the IRSstorypirateschangemakers.org35 W 35th St Rm 701, 10001-2205 · New York, NYTax-exempt since Apr 2006Publicly supported — 509(a)(2)

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Creative Minds Nyc, INC., doing business as story pirates changemakers, celebrates the words, ideas, and stories of young people by engaging in Creative collaborations between kids and world-class artists, including top comedians, authors, and musicians.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $24K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $417K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$33K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$954K
+34% vs prior year
Spent
$742K
To programs
83%
Net assets
$656K
By yearFY2020–FY2025
Revenue
$954K
FY2022▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$516K
FY2021$709K
FY2022$954K
FY2023$925K
FY2024$995K
FY2025$999K
Expenses
$742K
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$584K
FY2021$655K
FY2022$742K
FY2023$944K
FY2024$973K
FY2025$1.1M
Net assets
$656K
FY2022▲ +128%
Tap a bar for its year
Net assets by fiscal year
FY2020$234K
FY2021$288K
FY2022$656K
FY2023$637K
FY2024$659K
FY2025$600K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $617K Management & general 12% · $91K Fundraising 5% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Charles Russo
Chairman & President
$0Pt VII · Sec A
$0Pt VII · Sec A
Sam Forman
Treasurer & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Creative Minds Nyc INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Adapts children's stories into performances and teaches creative writing to underserved youth.

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Provided by the organization

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1 program · $617K · in their own filed words · FY2021
01

Creative minds nyc inc. Creates opportunities for children to write stories and gain literacy skills. The organization provides resources to elementary schools, both in-person and digitally, to celebrate kids' own self expression and to offer positive reinforcement to young people as they gain the tools to become creative thinkers and…

$617Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$265K
Donor Advised Charitable Giving INCFY2024$100K
Vanguard Charitable Endowment ProgramFY2024$20K
Hispanic Federation INCFY2024$20K
Find Your Light FoundationFY2024$10K
Lpl Financial Foundation INCFY2024$2K
Total grants receivedfrom 6 funders$417K
See all 6 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$954K
Ln 12
Gifts and grantsLn 1h$837K
Fees for servicesLn 2g$68K
Other incomeLn 4–11$48K
Money outPt IX
$742K
Ln 25
Programscol B$617K
Managementcol C$91K
Fundraisingcol D$34K
Owns and owesPt X
$656K
net assets · Ln 32
Cash and savingsLn 1–2$650K
Total assetsLn 16$689K
LiabilitiesLn 26$33K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$837K
Government grantsLn 1e$42K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$68K
Other incomeLn 4–11$48K
Total revenueLn 12$954K
Assets in detailPt X, end of year
CashLn 1$650K
Cash and savings togetherLn 1–2$650K
Land, buildings, equipmentLn 10c$13K
Total assetsLn 16$689K
LiabilitiesLn 26$33K
Net assetsLn 32$656K
OperationsPt I, VI
EmployeesI 558
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$455K$650K
Land, buildings, equipmentLn 10c$9K$13K
Total assetsLn 16$485K$689K
LiabilitiesLn 26$197K$33K
Net assetsLn 32$288K$656K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$514K$457K$41K$15K
Other employee benefitsLn 9$11K$9K$847$318
Payroll taxesLn 10$34K$31K$3K$1K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$8K$641$7K
Office expensesLn 13$4K$3K$350
OccupancyLn 16$55K$48K$5K$2K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$26K$18K$7K$620
Other expenses (24a–d)Ln 24$53K$34K$16K$3K
All other expensesLn 24e$20K$14K$2K$4K
Total functional expensesLn 25$742K$617K$91K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $999K$1.1M−$59K$600K 990 PDF
FY2024 $995K$973K$22K$659K 990 PDF
FY2023 $925K$944K−$19K$637K 990 PDF
FY2022 Viewing $954K$742K$212K$656K 990 PDF
FY2021 $709K$655K$55K$288K 990 PDF
FY2020 $516K$584K−$69K$234K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $953,565 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $697,392$836,701
I-9 Program service revenuePrior year $11,835$68,500
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$48,364
I-12 Total revenuePrior year $709,227$953,565
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $470,990$558,877
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $183,681$183,174
I-18 Total expensesPrior year $654,671$742,051
I-19 Revenue less expensesPrior year $54,556$211,514
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $953,565 across 7 lines filed
VIII-1e Government grants$41,880
VIII-1f All other contributions, gifts and grants$794,821
VIII-1g Noncash contributions (included above)$2,403
VIII-1h Total contributions, gifts and grants$836,701
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,500$68,500
VIII-8 Net income from fundraising eventsExcluded from tax $48,364$48,364
VIII-12 Total revenueRelated to mission $68,500 · Unrelated business $0 · Excluded from tax $48,364$953,565
Part IX · Statement of functional expenses $742,051 across 12 lines filed
IX-7 Other salaries and wagesPrograms $457,304 · Management $41,106 · Fundraising $15,415$513,825
IX-9 Other employee benefitsPrograms $9,425 · Management $847 · Fundraising $318$10,590
IX-10 Payroll taxesPrograms $30,671 · Management $2,757 · Fundraising $1,034$34,462
IX-11c Accounting feesManagement $13,250$13,250
IX-12 Advertising and promotionManagement $641 · Fundraising $7,203$7,844
IX-13 Office expensesPrograms $3,468 · Management $350$3,818
IX-16 OccupancyPrograms $47,987 · Management $4,968 · Fundraising $1,638$54,593
IX-17 TravelPrograms $1,689$1,689
IX-22 Depreciation, depletion and amortizationManagement $2,474$2,474
IX-23 InsurancePrograms $18,391 · Management $6,705 · Fundraising $620$25,716
IX-24 Other expenses (24a–d)Programs $34,416 · Management $15,918 · Fundraising $3,132$53,466
IX-24e All other expensesPrograms $13,550 · Management $2,349 · Fundraising $4,425$20,324
IX-25 Total functional expensesPrograms $616,901 · Management $91,365 · Fundraising $33,785$742,051
Part X · Balance sheet $688,741 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $455,424$650,223
X-3 Pledges and grants receivableStart of year $20,590$25,985
X-10c Land, buildings and equipment, netStart of year $8,817$12,533
X-16 Total assetsStart of year $484,831$688,741
X-17 Accounts payable and accrued expensesStart of year $40,409$32,805
X-25 Other liabilitiesStart of year $156,290$0
X-26 Total liabilitiesStart of year $196,699$32,805
X-27 Net assets without donor restrictionsStart of year $288,132$655,936
X-32 Total net assets or fund balancesStart of year $288,132$655,936
X-33 Total liabilities and net assetsStart of year $484,831$688,741
Part XI · Reconciliation of net assets $655,936 net assets at year end
XI-1 Total revenue$953,565
XI-2 Total expenses$742,051
XI-3 Revenue less expenses$211,514
XI-4 Net assets at start of year$288,132
XI-9 Other changes in net assets$156,290
XI-10 Net assets at end of year$655,936

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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