Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1972.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
27 people listed on the 990; $572K paid to officers and key staff.
Michael K Clayborne’s $299K as President is at the 69th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Michael K Clayborne | $299,295 | $275,994 | $258,828 | $247,444 | $238,240 | $227,823 |
| Juanita Floyd | $143,000 | $129,661 | $119,057 | $111,295 | $103,858 | $100,349 |
| Lewis Whitfield | — | — | — | $103,419 | $141,617 | $141,389 |
| Kristy Luse | $129,247 | $124,610 | $123,527 | $119,028 | $118,486 | $115,729 |
| Katie Stuart | — | — | — | — | — | $68,774 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Stimulates giving for community projects in education, health, culture, and leadership.
Questions for Create Foundation INC
Your first name shows with your question. Create Foundation INC answers here, for everyone.
Know this org? Add your story
Contributions were made to various charitable organizations including public schools and universities to improve education and community life and to promote charitable giving. The organization also operates as a fiscal agent for a number of charitable projects as well as building permanent community endowments, encouraging philanthropy…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $23.9M | $24.0M |
| InvestmentsLn 11–13 | $154.3M | $172.7M |
| Land, buildings, equipmentLn 10c | $3.1M | $2.9M |
| Total assetsLn 16 | $181.6M | $199.8M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $181.6M | $199.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $19.0M | $19.0M | ||
| Grants to domestic individualsLn 2 | $937K | $937K | ||
| Pay of current officers, directors and key staffLn 5 | $442K | $146K | $193K | $103K |
| Other salaries and wagesLn 7 | $701K | $422K | $155K | $124K |
| Pension plan contributionsLn 8 | $69K | $43K | $16K | $10K |
| Other employee benefitsLn 9 | $99K | $65K | $21K | $13K |
| Payroll taxesLn 10 | $78K | $55K | $14K | $9K |
| Accounting feesLn 11c | $24K | $24K | ||
| Office expensesLn 13 | $55K | $29K | $16K | $11K |
| Information technologyLn 14 | $72K | $72K | ||
| OccupancyLn 16 | $2.3M | $1.1M | $757K | $448K |
| TravelLn 17 | $26K | $16K | $6K | $4K |
| Conferences, conventions and meetingsLn 19 | $39K | $30K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $60K | $60K | ||
| InsuranceLn 23 | $146K | $14K | $27K | $105K |
| Other expenses (24a–d)Ln 24 | $143K | $36K | $22K | $85K |
| All other expensesLn 24e | $33K | $18K | $11K | $5K |
| Total functional expensesLn 25 | $24.2M | $21.9M | $1.4M | $917K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $23.6M | $24.2M | −$599K | $199.8M | 990 PDF |
| FY2024 | $26.2M | $22.4M | $3.8M | $181.6M | 990 PDF |
| FY2023 | $22.2M | $14.5M | $7.7M | $167.1M | 990 PDF |
| FY2022 | $17.7M | $14.7M | $3.0M | $145.0M | 990 PDF |
| FY2021 | $21.1M | $11.9M | $9.2M | $167.2M | 990 PDF |
| FY2020 | $14.9M | $13.0M | $1.9M | $144.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $23,645,992 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, no flags
Part VIII · Statement of revenue $23,645,992 across 8 lines filed
Part IX · Statement of functional expenses $24,244,940 across 17 lines filed
Part X · Balance sheet $199,798,321 assets, 12 lines filed
Part XI · Reconciliation of net assets $199,798,321 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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