Creative Capital supports individual artists' projects through awards and career development.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 29 volunteers and 27 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $380K a year · 6% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $7.7M in investments, Pt X · Ln 11–13
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $4.9M
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$772K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.7M
-0.6% vs prior year
Spent
$7.1M
To programs
87%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$6.7M
FY2025▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2021$5.8M
FY2022$5.1M
FY2023$9.5M
FY2024$6.8M
FY2025$6.7M
Expenses
$7.1M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.9M
FY2021$5.5M
FY2022$5.9M
FY2023$6.7M
FY2024$7.0M
FY2025$7.1M
Net assets
$11.1M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.8M
FY2021$9.9M
FY2022$8.1M
FY2023$11.1M
FY2024$11.3M
FY2025$11.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1998.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $6.2M Management & general 5% · $343K Fundraising 8% · $571K

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; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & Executive Dire
$335,556Pt VII · Sec A
Chief Operating Officer
$192,898Pt VII · Sec A
Director of Development
$141,400Pt VII · Sec A
Director of Audience Engagement
$132,300Pt VII · Sec A
Director of Artistic Initi
$130,375Pt VII · Sec A
Director of Arts Writers G
$126,485Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A

Christine Kuan’s $336K as President & Executive Dire is at the 98th percentile of top reported officer pay among 3868 $1–10M human services 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christine Kuan$335,556$276,719$280,539$196,710——
Susan Delvalle————$245,037—
Susan R Delvalle—————$230,593
Leslie Singer$192,898$184,554$174,805$176,554$179,585$161,251
Marianna Schaffer————$167,355$139,540
Emily Gerard$141,400$141,132$124,610———
Jason Bailey$132,300—————
Aliza Shvarts—$131,100$122,925———

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.

See Creative Capital Foundation 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 15aYes

Programs and updates

Funds and develops individual artists' creative projects.

Questions for Creative Capital Foundation

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Provided by the organization

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1 program · $6.2M · in their own filed words · FY2024
01

In FY25 creative capital funded a new cohort of 50 awardee projects. The organization continued to invest in multi-year relationships with artists who were awardees in past years. Creative capital continues to provide non-monetary support to awardees in the form of consultations and meetings at key moments in the lives of the funded…

$6.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 83 grants · $15.6M · 2019–2024
Unitemized GrantFY2024$1,590,000
Unitemized GrantFY2024$1,560,248
Soho Repertory Theatre INCNY · FY2024$21,841
Walking Iris MediaCA · FY2024$20,000
Protocinema INCNY · FY2024$15,000
Found Sound Nation INCNY · FY2024$15,000
Sbdny INCNY · FY2024$10,000
Unitemized GrantFY2023$1,513,995
Unitemized GrantFY2023$1,480,000
Sbdny INCNY · FY2023$35,000
Uniondocs INCNY · FY2023$20,000
Moving Parts Crip InstituteCA · FY2023$15,000
See all 83 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.7M
Ln 12
Gifts and grantsLn 1h$6.1M
Investment incomeLn 3$574K
Fees for servicesLn 2g$24K
Money outPt IX
$7.1M
Ln 25
Programscol B$6.2M
Managementcol C$343K
Fundraisingcol D$571K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$11.9M
LiabilitiesLn 26$772K
PeoplePt VI, VII
27
listed · VII A
PaidVII A6
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Government grantsLn 1e$125K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$38K
Fees for servicesLn 2g$24K
Investment incomeLn 3$574K
Other incomeLn 4–11$9K
Gains on assetsLn 7$322K
Total revenueLn 12$6.7M
Assets in detailPt X, end of year
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$342K
Total assetsLn 16$11.9M
LiabilitiesLn 26$772K
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 527
VolunteersI 629
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 FY25End FY25
Cash and savingsLn 1–2$2.1M$2.1M
InvestmentsLn 11–13$7.2M$7.7M
Land, buildings, equipmentLn 10c$10K$30K
Total assetsLn 16$12.7M$11.9M
LiabilitiesLn 26$1.4M$772K
Net assetsLn 32$11.3M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$184K$184K
Grants to domestic individualsLn 2$3.2M$3.2M
Grants and assistance to foreign recipientsLn 3$45K$45K
Pay of current officers, directors and key staffLn 5$587K$418K$51K$118K
Other salaries and wagesLn 7$1.1M$774K$94K$219K
Pension plan contributionsLn 8$45K$32K$4K$9K
Other employee benefitsLn 9$176K$125K$15K$36K
Payroll taxesLn 10$119K$84K$10K$24K
Legal feesLn 11b$27K$14K$5K$8K
Accounting feesLn 11c$31K$16K$6K$9K
Investment management feesLn 11f$36K$36K
Other fees for servicesLn 11g$497K$418K$58K$21K
Advertising and promotionLn 12$38K$32K$2K$4K
Office expensesLn 13$91K$65K$9K$16K
Information technologyLn 14$116K$97K$5K$13K
OccupancyLn 16$321K$276K$13K$32K
TravelLn 17$88K$52K$1K$35K
Conferences, conventions and meetingsLn 19$76K$22K$30K$24K
Depreciation, depletion and amortizationLn 22$12K$10K$567$1K
InsuranceLn 23$15K$13K$752$2K
Other expenses (24a–d)Ln 24$405K$405K
Total functional expensesLn 25$7.1M$6.2M$343K$571K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.7M$7.1M−$414K$11.1M 990 PDF
FY2024 $6.8M$7.0M−$190K$11.3M 990 PDF
FY2023 $9.5M$6.7M$2.8M$11.1M 990 PDF
FY2022 $5.1M$5.9M−$815K$8.1M 990 PDF
FY2021 $5.8M$5.5M$282K$9.9M 990 PDF
FY2020 $6.5M$5.9M$662K$8.8M 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 F · Foreign J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $6,733,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,470,893$6,126,168
I-9 Program service revenuePrior year $38,650$23,700
I-10 Investment incomePrior year $346,763$574,120
I-11 Other revenuePrior year −$84,806$9,023
I-12 Total revenuePrior year $6,771,500$6,733,011
I-13 Grants and similar amounts paidPrior year $3,326,540$3,379,081
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,054,265$2,015,056
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,580,846$1,752,409
I-18 Total expensesPrior year $6,961,651$7,146,546
I-19 Revenue less expensesPrior year −$190,151−$413,535
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,733,011 across 11 lines filed
VIII-1c Fundraising events$37,680
VIII-1e Government grants$125,238
VIII-1f All other contributions, gifts and grants$5,963,250
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$6,126,168
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,700$23,700
VIII-3 Investment incomeExcluded from tax $252,294$252,294
VIII-7 Net gain or loss on sales of assetsExcluded from tax $321,826$321,826
VIII-8 Net income from fundraising eventsExcluded from tax −$4,624−$4,624
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,647$13,647
VIII-12 Total revenueRelated to mission $37,347 · Unrelated business $0 · Excluded from tax $569,496$6,733,011
Part IX · Statement of functional expenses $7,146,546 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $183,833$183,833
IX-2 Grants to domestic individualsPrograms $3,150,248$3,150,248
IX-3 Grants and assistance to foreign recipientsPrograms $45,000$45,000
IX-5 Pay of current officers, directors and key staffPrograms $417,737 · Management $50,956 · Fundraising $118,198$586,891
IX-7 Other salaries and wagesPrograms $774,268 · Management $94,447 · Fundraising $219,078$1,087,793
IX-8 Pension plan contributionsPrograms $32,080 · Management $3,929 · Fundraising $9,265$45,274
IX-9 Other employee benefitsPrograms $124,972 · Management $15,285 · Fundraising $35,841$176,098
IX-10 Payroll taxesPrograms $84,490 · Management $10,329 · Fundraising $24,181$119,000
IX-11b Legal feesPrograms $13,765 · Management $5,005 · Fundraising $7,953$26,723
IX-11c Accounting feesPrograms $16,081 · Management $5,848 · Fundraising $9,291$31,220
IX-11f Investment management feesManagement $36,166$36,166
IX-11g Other fees for servicesPrograms $417,757 · Management $58,364 · Fundraising $20,846$496,967
IX-12 Advertising and promotionPrograms $31,893 · Management $1,887 · Fundraising $3,954$37,734
IX-13 Office expensesPrograms $65,279 · Management $9,190 · Fundraising $16,234$90,703
IX-14 Information technologyPrograms $97,220 · Management $5,336 · Fundraising $13,046$115,602
IX-16 OccupancyPrograms $275,736 · Management $13,323 · Fundraising $31,975$321,034
IX-17 TravelPrograms $51,924 · Management $1,345 · Fundraising $34,675$87,944
IX-19 Conferences, conventions and meetingsPrograms $22,266 · Management $30,119 · Fundraising $23,679$76,064
IX-22 Depreciation, depletion and amortizationPrograms $9,634 · Management $567 · Fundraising $1,359$11,560
IX-23 InsurancePrograms $12,787 · Management $752 · Fundraising $1,804$15,343
IX-24 Other expenses (24a–d)Programs $405,349$405,349
IX-25 Total functional expensesPrograms $6,232,319 · Management $342,848 · Fundraising $571,379$7,146,546
Part X · Balance sheet $11,895,542 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,094,986$2,060,839
X-3 Pledges and grants receivableStart of year $2,668,126$1,651,632
X-9 Prepaid expenses and deferred chargesStart of year $129,175$141,984
X-10c Land, buildings and equipment, netStart of year $10,149$29,994
X-11 Publicly traded securitiesStart of year $7,213,376$7,668,648
X-15 Other assetsStart of year $577,635$342,445
X-16 Total assetsStart of year $12,693,447$11,895,542
X-17 Accounts payable and accrued expensesStart of year $360,299$163,014
X-18 Grants payableStart of year $376,530$256,530
X-25 Other liabilitiesStart of year $633,892$352,254
X-26 Total liabilitiesStart of year $1,370,721$771,798
X-27 Net assets without donor restrictionsStart of year $1,844,675$2,158,894
X-28 Net assets with donor restrictionsStart of year $9,478,051$8,964,850
X-32 Total net assets or fund balancesStart of year $11,322,726$11,123,744
X-33 Total liabilities and net assetsStart of year $12,693,447$11,895,542
Part XI · Reconciliation of net assets $11,123,744 net assets at year end
XI-1 Total revenue$6,733,011
XI-2 Total expenses$7,146,546
XI-3 Revenue less expenses−$413,535
XI-4 Net assets at start of year$11,322,726
XI-5 Net unrealized gains (losses) on investments$214,553
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,123,744

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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