Project Create EIN 42-1559894

Project Create FY2020 filing

EIN  42-1559894 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 9/3/26 · see original filing: IRS
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Size
$1–10M
What they do
Offers creative arts education to empower young people and amplify their voices.
Leadership
Christie Walser · Executive Director · $83K
Money in and out
$761K revenue, $708K expenses
Bottom line
71% program efficiency

Offers creative arts education to empower young people and amplify their voices. For fiscal year 2020 it reported $761K in revenue, $708K in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$761K
Pt VIII · Ln 12
Total expenses
$708K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.17 Fundraising $0.12
Program efficiency
71%
of spending reaches programs
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$761K
FY2020
Expenses
$708K
FY2020
Total assets
$1.9M
FY2020
Total liabilities
$632K
FY2020
Total revenue
$761K
Pt VIII · Ln 12
Total expenses
$708K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $502K of program spending, described in the organization's own filed words · FY2020.
01

At the Project Create Arts Center, we offer daily in-person and virtual arts courses all year long for over 200 students, based on an innovative curriculum that combines multi-disciplinary arts education with social- emotional learning and a positive youth development framework.

$450Kprogram expense
02

Project Create's longest-running program includes weekly multi-disciplinary arts education classes in partnership with community-based organizations such as housing providers, low-income/Section 8 housing, community centers, Department of Parks and Recreation, D.C. Public and Public Charter Schools, mentorship organizations, and more.

$46Kprogram expense
03

Two Saturdays a month, we host local families in artistic exploration, art-making and creative play serving two (or three!) generations of family members, from infants to grandparents, all of whom enjoy the chance to create art in community.

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Create
EINHdr · item D42-1559894
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.projectcreatedc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMar 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$83,077Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christie Walser’s $102K as Executive Director is at the 28th percentile of top reported officer pay among 1547 $1–10M youth development 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christie Walser$101,600
Christie Walser$89,563$82,400$76,289$83,077
Nicola Charles$5,000

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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Statement of Revenue

Part VIII
Contributions & grants$727K · 96%
Program service revenue$33K · 4%
Contributions & grants96%$727K
Program service revenue4%$33K
Investment income$316
Other revenue$669
— government grantsLn 1e$271K
Total revenueLn 12$761K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.17 Fundraising $0.12
Program services71%$502K
Management & general17%$119K
Fundraising12%$88K
Total functional expensesLn 25$708K

Balance Sheet

Part X · end of year
CashLn 1$393K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$632K
Total net assetsLn 32$1.2M
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $393K · Operating expenses/yr $708K
6.7 months
Where the money goes
Program services
Program services $502K · Total expenses $708K
71%
Management & General
Management & general $119K · Total expenses $708K
17%
Fundraising
Fundraising $88K · Total expenses $708K
12%
Cost to raise $1
Fundraising expense $88K · Solicited contributions $456K
$0.19 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $727K · Total revenue $761K
96%
Government reliance
Government grants $271K · Total revenue $761K
36%
Earned-income share
Program service revenue $33K · Total revenue $761K
4%
Investment reliance
Investment income $316 · Total revenue $761K
0%
Program self-sufficiency
Program service revenue $33K · Total expenses $708K
5%
Growth & trend
Revenue growth (YoY)
This year $761K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $761K · Expenses $708K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.2M · Total assets $1.9M
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christie Walser · Reported title Executive Director · Highest reported compensation $83K · Total expenses $708K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $279K · Total expenses $708K
39%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $40K · Gross raised $87K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 17%
Fundraising cost ratio 12%
Accounting fee ratio 3%
Fundraising fee ratio 6%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 1 grant · $7K · 2023–2023
Unitemized GrantFY2023$7,468

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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
FY2024 (Latest)$2.3M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$771K revenue · ⤓ 990 PDF
FY2020$761K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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