Creative Netwerk EIN 45-2107249

Creative Netwerk

EIN  45-2107249 Public charity (501(c)(3)) Astoria, NY Founded 2011
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Size
$100K–1M
What they do
Provides weekly hip hop and street dance classes to empower underserved youth.
Leadership
Kelli Forman · Executive Di · $83K
Money in and out
$941K revenue, $886K expenses
Bottom line
75% program efficiency

Provides weekly hip hop and street dance classes to empower underserved youth. For fiscal year 2024 it reported $941K in revenue, $886K in expenses, and $544K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$941K
Pt VIII · Ln 12
Total expenses
$886K
Pt IX · Ln 25
Net assets
$544K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.18 Fundraising $0.07
Program efficiency
75%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -63% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$941K
FY2024▲ +30%
Expenses
$886K
FY2024▲ +45%
Total assets
$583K
FY2024▲ +17%
Total liabilities
$39K
FY2024▲ +385%
Total revenue
$941K
Pt VIII · Ln 12
Total expenses
$886K
Pt IX · Ln 25
Net assets
$544K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$583K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $660K of program spending, described in the organization's own filed words · FY2024.
01

Through high-quality dance programming, creative netwerk develops the next generation of leaders, builds a vibrant network of artists, and increases access to cultural education to strengthen our multicultural movement.

$526Kprogram expense
02

Through our programming, we address risk factors in the lives of underresourced youth and help increase school engagement and career success for youth of low-income communities.

$130Kprogram expense
03

We provide professional development opportunities to creatives within our netwerk, and contribute to the growth and diversification of the arts and entertainment industry.

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreative Netwerk
EINHdr · item D45-2107249
Principal addressHdr · item CAstoria, NY
WebsiteHdr · item Jwww.creativenetwerk.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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 Di
$83,200Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jacqueline Rotman$94,990
Natalie Marrero$88,367
Kelli Forman$83,200$83,200$83,200
Bethany Sutherland$52,236$65,606

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$510K · 54%
Program service revenue$429K · 46%
Contributions & grants54%$510K
Program service revenue46%$429K
Investment income$2K
— government grantsLn 1e$167K
Total revenueLn 12$941K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.18 Fundraising $0.07
Program services75%$661K
Management & general18%$162K
Fundraising7%$62K
Total functional expensesLn 25$886K

Balance Sheet

Part X · end of year
CashLn 1$523K
Total assetsLn 16$583K
Total liabilitiesLn 26$39K
Total net assetsLn 32$544K
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $523K · Operating expenses (Pt IX) $886K · Less non-cash grants $2K · Cash operating expenses/yr $884K
7.1 months
Where the money goes
Program services
Program services $661K · Total expenses $886K
75%
Management & General
Management & general $162K · Total expenses $886K
18%
Fundraising
Fundraising $62K · Total expenses $886K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $53K · Solicited contributions (3-yr avg) $243K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $510K · Total revenue $941K
54%
Government reliance
Government grants $167K · Total revenue $941K
18%
Earned-income share
Program service revenue $429K · Total revenue $941K
46%
Investment reliance
Investment income $2K · Total revenue $941K
0%
Program self-sufficiency
Program service revenue $429K · Total expenses $886K
48%
Growth & trend
Revenue growth (YoY)
This year $941K · Prior year $726K
+30%
Revenue CAGR
FY2019 $424K · FY2024 $941K
+17%
Net-asset trend (YoY)
End of year $544K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $941K · Expenses $886K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $583K
Net-asset ratio
Net assets $544K · Total assets $583K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $583K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelli Forman · Reported title EXECUTIVE DI · Highest reported compensation $83K · Total expenses $886K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $674K · Total expenses $886K
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 18%
Fundraising cost ratio 12%
Revenue growth 30%

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 · funders on record
Grants received · FY2024
See all 6 funders →

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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$726K revenue · ⤓ 990 PDF
FY2023$320K revenue · ⤓ 990 PDF
FY2022$381K revenue · ⤓ 990 PDF
FY2021$300K revenue · ⤓ 990 PDF
FY2020$424K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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