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Create Foundation EIN 26-2588619

Create Foundation

EIN  26-2588619 Public charity (501(c)(3)) Bellevue, NE
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Size
$100K–1M
What they do
Sponsors robotics competitions for students before high school.
Leadership
James E Schulte · President
Money in and out
$358K revenue, $84K expenses
Bottom line
67% program efficiency

Sponsors robotics competitions for students before high school. For fiscal year 2025 it reported $358K in revenue, $84K in expenses, and $859K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$358K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$859K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $274K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Program efficiency
67%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
50.4mo
months of highly liquid reserves at operating expense rate▲ +116% vs prior filing year
Surplus margin
+76%
revenue over expenses, this year▲ +360% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$358K
FY2025▲ +148%
Expenses
$84K
FY2025▼ -55%
Total assets
$860K
FY2025▲ +77%
Total liabilities
$990
FY2025▲ +61%
Total revenue
$358K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$859K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$274K
Total assetsPt X · Ln 16$860K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $57K of program spending, described in the organization's own filed words · FY2024.
01

The organization is dedicated to the advancement of science, technology, engineering, and mathematics education for middle and high school aged students. This is done by developing annual robotic competitions.

$57Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreate Foundation
EINHdr · item D26-2588619
Principal addressHdr · item CBellevue, NE
WebsiteHdr · item Jwww.create-found.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ted Bridges
Director
$0Pt VII · Sec A
Dan Myers
Director
$0Pt VII · Sec A
Peter F Snawerdt III
Vice President
$0Pt VII · Sec A
See Create Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$284K · 79%
Investment income$74K · 21%
Other revenue79%$284K
Investment income21%$74K
Total revenueLn 12$358K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$57K
Management & general33%$28K
Total functional expensesLn 25$84K

Balance Sheet

Part X · end of year
CashLn 1$354K
Total assetsLn 16$860K
Total liabilitiesLn 26$990
Total net assetsLn 32$859K
Months of cash on handcomputed50.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $354K · Operating expenses/yr $84K
50.4 months
Where the money goes
Program services
Program services $57K · Total expenses $84K
67%
Management & General
Management & general $28K · Total expenses $84K
33%
Fundraising
Fundraising $0 · Total expenses $84K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $358K
0%
Government reliance
Government grants — · Total revenue $358K
—
Earned-income share
Program service revenue $0 · Total revenue $358K
0%
Investment reliance
Investment income $74K · Total revenue $358K
+21%
Program self-sufficiency
Program service revenue $0 · Total expenses $84K
0%
Growth & trend
Revenue growth (YoY)
This year $358K · Prior year $144K
+148%
Net-asset trend (YoY)
End of year $859K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $358K · Expenses $84K
+76%
Liabilities-to-Assets
Total liabilities — · Total assets $860K
—
Net-asset ratio
Net assets $859K · Total assets $860K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $860K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James E Schulte · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $84K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $52K · Total expenses $84K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 33%——
Revenue growth 148%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
Kids Robotic FoundationTX
Volunteer State Robotics FoundationTN
Robotics Education and Competition Foundation INCTX
RobogamesCA
Robotics Science and Systems FoundationTX
First California RoboticsCA
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$358K revenue · viewing · ⤓ 990 PDF
FY2024$144K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$123K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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