Creativets EIN 46-3617663

Creativets FY2022 filing

EIN  46-3617663 Public charity (501(c)(3)) Nashville, TN
Form 990 (PDF)
You’re viewing the FY2022 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 Di · $77K
Money in and out
$860K revenue, $843K expenses
Bottom line
75% program efficiency

Teaches veterans multi-discipline visual arts, including sculpture, ceramics, and mixed media, to support their well-being. For fiscal year 2022 it reported $860K in revenue, $843K in expenses, and $339K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$860K
Pt VIII · Ln 12
Total expenses
$843K
Pt IX · Ln 25
Net assets
$339K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.17 Fundraising $0.09
Program efficiency
75%
of spending reaches programs
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$860K
FY2022▲ +26%
Expenses
$843K
FY2022▲ +31%
Total assets
$485K
FY2022▲ +11%
Total liabilities
$146K
FY2022▲ +25%
Total revenue
$860K
Pt VIII · Ln 12
Total expenses
$843K
Pt IX · Ln 25
Net assets
$339K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$485K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $629K of program spending, described in the organization's own filed words · FY2021.
01

Introduction to Art for Veterans

Due to reduced covid restrictions, creativets was able to host 2 full introduction to art for veterans programs where 20 veterans completed AND/OR taught the 3-WEEK course. One class was hosted at the school of the art institute of chicago and the second was with a brand new partner, belmont university.

$323Kprogram expense
02

Veteran Songwriting Programs

40 veterans and 40 veteran mentors participated in our introduction to songwriting program during the 2021- 2022 fiscal year. This program pairs veterans with accomplished songwriters and music artists to allow the veteran the opportunity to creatively express their story through a song.

$306Kprogram 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 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 (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$77,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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 & grants101%$866K
Investment income$1K
Total revenueLn 12$860K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.17 Fundraising $0.09
Program services75%$629K
Management & general17%$139K
Fundraising9%$75K
Total functional expensesLn 25$843K

Balance Sheet

Part X · end of year
CashLn 1$393K
Total assetsLn 16$485K
Total liabilitiesLn 26$146K
Total net assetsLn 32$339K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $393K · Operating expenses (Pt IX) $843K · Less non-cash grants $48K · Cash operating expenses/yr $795K
5.9 months
Where the money goes
Program services
Program services $629K · Total expenses $843K
75%
Management & General
Management & general $139K · Total expenses $843K
17%
Fundraising
Fundraising $75K · Total expenses $843K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $72K · Solicited contributions (3-yr avg) $734K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $866K · Total revenue $860K
101%
Government reliance
Government grants — · Total revenue $860K
Earned-income share
Program service revenue $0 · Total revenue $860K
0%
Investment reliance
Investment income $1K · Total revenue $860K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $843K
0%
Growth & trend
Revenue growth (YoY)
This year $860K · Prior year $681K
+26%
Net-asset trend (YoY)
End of year $339K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $860K · Expenses $843K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $485K
Net-asset ratio
Net assets $339K · Total assets $485K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $485K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Casper · Reported title EXECUTIVE DI · Highest reported compensation $77K · Total expenses $843K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $317K · Total expenses $843K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 17%
Fundraising cost ratio 9%
Revenue growth 26%
Accounting fee ratio 3%

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 · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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