Creativets EIN 46-3617663

Creativets FY2020 filing

EIN  46-3617663 Public charity (501(c)(3)) Nashville, TN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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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 Dir. · $70K
Money in and out
$664K revenue, $631K expenses
Bottom line
74% program efficiency

Teaches veterans multi-discipline visual arts, including sculpture, ceramics, and mixed media, to support their well-being. For fiscal year 2020 it reported $664K in revenue, $631K in expenses, and $283K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$664K
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$283K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.16 Fundraising $0.11
Program efficiency
74%
of spending reaches programs
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$664K
FY2020
Expenses
$631K
FY2020
Total assets
$324K
FY2020
Total liabilities
$41K
FY2020
Total revenue
$664K
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$283K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$324K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $465K of program spending, described in the organization's own filed words · FY2019.
01

Song Writing Program

See schedule O

$367Kprogram expense
02

Art Program

See schedule O

$98Kprogram 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 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Dir.
$70,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$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$651K · 98%
Other revenue$10K · 2%
Contributions & grants98%$651K
Other revenue2%$10K
Investment income$3K
Total revenueLn 12$664K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.16 Fundraising $0.11
Program services74%$465K
Management & general16%$98K
Fundraising11%$67K
Total functional expensesLn 25$631K

Balance Sheet

Part X · end of year
CashLn 1$263K
Total assetsLn 16$324K
Total liabilitiesLn 26$41K
Total net assetsLn 32$283K
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $263K · Operating expenses (Pt IX) $631K · Less non-cash grants $152K · Cash operating expenses/yr $479K
6.6 months
Where the money goes
Program services
Program services $465K · Total expenses $631K
74%
Management & General
Management & general $98K · Total expenses $631K
16%
Fundraising
Fundraising $67K · Total expenses $631K
11%
Cost to raise $1
Fundraising expense $67K · Solicited contributions $651K
$0.10 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $651K · Total revenue $664K
98%
Government reliance
Government grants — · Total revenue $664K
Earned-income share
Program service revenue $0 · Total revenue $664K
0%
Investment reliance
Investment income $3K · Total revenue $664K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $631K
0%
Growth & trend
Revenue growth (YoY)
This year $664K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $283K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $664K · Expenses $631K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $324K
Net-asset ratio
Net assets $283K · Total assets $324K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $324K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Casper · Reported title Executive Dir. · Highest reported compensation $70K · Total expenses $631K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $235K · Total expenses $631K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 16%
Fundraising cost ratio 10%
Investment management fee ratio 0%
Legal fee ratio 4%
Accounting fee ratio 4%
Fundraising fee ratio 0%

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 · ⤓ 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 · 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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