Creative Netwerk EIN 45-2107249 Form 990 (PDF) Claim this org

Creative Netwerk FY2023 filing

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Provides weekly hip hop and street dance classes to empower underserved youth. For fiscal year 2023 it reported $320K in revenue, $320K in expenses, and $375K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Nonprofit
Location
Astoria, NY
Website
www.creativenetwerk.org
Filings
5 on file (2020–2023)
Revenue
$320KFY2023
Expenses
$320K
Net assets
$375K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-2107249 Public charity (501(c)(3)) Astoria, NY Founded 2011
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
$320K revenue, $320K expenses
Bottom line
76% program efficiency
Where the money goes · FY2023
Total revenue
$320K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$375K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.11 Fundraising $0.13
Program efficiency
76%
of spending reaches programs
Operating runway
13.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
<0.01%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$320K
FY2023▼ -16%
Expenses
$320K
FY2023▲ +37%
Total assets
$382K
FY2023▲ +0.9%
Total liabilities
$7K
FY2023▲ +96%
Revenue less expensesPt I · Ln 19$25
Total assetsPt X · Ln 16$382K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

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 1a6
Independent voting membersPt VI · Ln 1b6
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
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 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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Mission & Programs · Part III

Where the work happens

3 program services account for $242K of program spending, described in the organization's own filed words · FY2022.
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.

$176Kprogram expense
02

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

$41Kprogram expense
03

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.

$26Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$297K · 93%
Program service revenue$22K · 7%
Contributions & grants93%$297K
Program service revenue7%$22K
Investment income$35
— government grantsLn 1e$246K
Total revenueLn 12$320K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.11 Fundraising $0.13
Program services76%$242K
Management & general11%$36K
Fundraising13%$41K
Total functional expensesLn 25$320K

Balance Sheet

Part X · end of year
CashLn 1$367K
Total assetsLn 16$382K
Total liabilitiesLn 26$7K
Total net assetsLn 32$375K
Months of cash on handcomputed13.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $367K · Operating expenses/yr $320K
13.8 months
Where the money goes
Program services
Program services $242K · Total expenses $320K
76%
Management & General
Management & general $36K · Total expenses $320K
11%
Fundraising
Fundraising $41K · Total expenses $320K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $121K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $297K · Total revenue $320K
93%
Government reliance
Government grants $246K · Total revenue $320K
77%
Earned-income share
Program service revenue $22K · Total revenue $320K
7%
Investment reliance
Investment income $35 · Total revenue $320K
+0.01%
Program self-sufficiency
Program service revenue $22K · Total expenses $320K
7%
Growth & trend
Revenue growth (YoY)
This year $320K · Prior year $381K
-16%
Net-asset trend (YoY)
End of year $375K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $320K · Expenses $320K
<0.01%
Liabilities-to-Assets
Total liabilities — · Total assets $382K
Net-asset ratio
Net assets $375K · Total assets $382K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $382K
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 $320K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $226K · Total expenses $320K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 11%
Fundraising cost ratio 14%
Revenue growth -16%
Legal fee ratio 0.09%

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 · FY2025
Total grants receivedfrom 1 funder$10K

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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 · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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