Creativets EIN 46-3617663

Creativets

EIN  46-3617663 Public charity (501(c)(3)) Nashville, TN
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Teaches veterans multi-discipline visual arts, including sculpture, ceramics, and mixed media, to support their well-being.
Leadership
Richard Casper · Executive Director · $148K
Money in and out
$4.3M revenue, $2.3M expenses
Bottom line
88% program efficiency

Teaches veterans multi-discipline visual arts, including sculpture, ceramics, and mixed media, to support their well-being. For fiscal year 2025 it reported $4.3M in revenue, $2.3M in expenses, and $3.0M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$4.3M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.09 Fundraising $0.04
Program efficiency
88%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
5.7mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +272% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$4.3M
FY2025▲ +96%
Expenses
$2.3M
FY2025▲ +18%
Total assets
$4.6M
FY2025▲ +215%
Total liabilities
$1.7M
FY2025▲ +187%
Total revenue
$4.3M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$4.6M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $2.0M of program spending, described in the organization's own filed words · FY2024.
01

Veteran Songwriting Programs

Program offerings, both for songwriting and visual arts PROGRAMS.DURING the 2024-2025 fiscal year we hosted more veteran songwriting programs in nashville, TN than any year before. We also increased our participation with each of our other PARTNERS/VETERAN service organizations to bring the healing power of music to more veterans than…

$1.3Mprogram expense
02

Introduction to Art for Veterans

These programs provided our high quality, multi-discipline visual art programming. Creativets continued to partner with the glassell school of art at the museum of fine arts - houston for our recurring winter art program.

$717Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreativets
EINHdr · item D46-3617663
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jwww.creativets.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A99)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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 (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$148,363Pt VII · Sec A
$115,848Pt VII · Sec A
$100,630Pt VII · Sec A
Co-Founder and Board Membe
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Richard Casper’s $148K as Executive Director is at the 65th percentile of top reported officer pay among 3916 $1–10M arts & culture 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard Casper$148,363$120,000$100,500$77,000$76,143
Kyle L Yepson$115,848
Brett F Gillan$100,630
Richard Casper$70,000

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$4.2M · 96%
Other revenue$114K · 3%
Investment income$59K · 1%
Contributions & grants96%$4.2M
Other revenue3%$114K
Investment income1%$59K
Total revenueLn 12$4.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.04
Program services88%$2.0M
Management & general9%$197K
Fundraising4%$85K
Total functional expensesLn 25$2.3M

Balance Sheet

Part X · end of year
CashLn 1$773K
Total assetsLn 16$4.6M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$3.0M
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $773K · Operating expenses (Pt IX) $2.3M · Less non-cash grants $657K · Cash operating expenses/yr $1.6M
5.7 months
Where the money goes
Program services
Program services $2.0M · Total expenses $2.3M
88%
Management & General
Management & general $197K · Total expenses $2.3M
9%
Fundraising
Fundraising $85K · Total expenses $2.3M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $88K · Solicited contributions (3-yr avg) $2.5M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.2M · Total revenue $4.3M
96%
Government reliance
Government grants — · Total revenue $4.3M
Earned-income share
Program service revenue $0 · Total revenue $4.3M
0%
Investment reliance
Investment income $59K · Total revenue $4.3M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.3M
0%
Growth & trend
Revenue growth (YoY)
This year $4.3M · Prior year $2.2M
+96%
Revenue CAGR
FY2019 $664K · FY2024 $4.3M
+46%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.3M · Expenses $2.3M
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $4.6M
Net-asset ratio
Net assets $3.0M · Total assets $4.6M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Casper · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $148K · Total expenses $2.3M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $770K · Total expenses $2.3M
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 9%
Fundraising cost ratio 2%
Revenue growth 96%

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 · FY2025
Gibson GivesFY2025$9K
Total grants receivedfrom 3 funders$59K
See all 3 funders →
Grants paid · 1 grant · $50K · 2022–2022
Unitemized GrantFY2022$50,135

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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)$4.3M revenue · viewing · ⤓ 990 PDF
FY2024$2.2M revenue · ⤓ 990 PDF
FY2023$1.4M revenue · ⤓ 990 PDF
FY2022$860K revenue · ⤓ 990 PDF
FY2021$681K revenue · ⤓ 990 PDF
FY2020$664K 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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