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Create Academy INC

IRS exemption revoked

Tempe, AZUnknown exempt organization EIN 46-4888123Revenue $1.4M in FY2020

On file with the IRScreateacademy.org32 W Erie Drive · Tempe, AZ

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Through an arts integrated curriculum anchored in project-based learning, Create Academy will prepare students for success in college, career, and society by teaching students to collaboratively invent, design, and implement creative solutions that address social problems and injustices.

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$170K
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.3M
To programs
85%
Net assets
$14K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.1M Management & general 15% · $195K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Victor Sidy
Vice Preside
$0Pt VII · Sec A
See Create Academy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches students to invent and design creative solutions for social problems through arts and project-based learning.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019
01

Create academy is a tuition-free public educational institution with the mission of educating youth to be prepared for college, career and society.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$18K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$195K
Owns and owesPt X
$14K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$184K
LiabilitiesLn 26$170K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$18K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$142K
Cash and savings togetherLn 1–2$142K
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$10K
Total assetsLn 16$184K
LiabilitiesLn 26$170K
Net assetsLn 32$14K
OperationsPt I, VI
EmployeesI 539
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$124K$142K
Land, buildings, equipmentLn 10c$26K$26K
Total assetsLn 16$183K$184K
LiabilitiesLn 26$228K$170K
Net assetsLn 32−$44K$14K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$555K$462K$93K
Other employee benefitsLn 9$46K$30K$15K
Payroll taxesLn 10$43K$36K$7K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$29K$29K
Other fees for servicesLn 11g$240K$234K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$151K$145K$6K
OccupancyLn 16$217K$217K
InsuranceLn 23$19K$19K
Total functional expensesLn 25$1.3M$1.1M$195K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $1.4M$1.3M$58K$14K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,377,364 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,349,996$1,359,825
I-9 Program service revenuePrior year $27,332$17,539
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,377,328$1,377,364
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $773,347$643,445
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $735,526$675,952
I-18 Total expensesPrior year $1,508,873$1,319,397
I-19 Revenue less expensesPrior year −$131,545$57,967
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,377,364 across 5 lines filed
VIII-1e Government grants$1,313,813
VIII-1f All other contributions, gifts and grants$46,012
VIII-1h Total contributions, gifts and grants$1,359,825
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,539$17,539
VIII-12 Total revenueRelated to mission $17,539$1,377,364
Part IX · Statement of functional expenses $1,319,397 across 10 lines filed
IX-7 Other salaries and wagesPrograms $461,892 · Management $92,954$554,846
IX-9 Other employee benefitsPrograms $30,455 · Management $15,316$45,771
IX-10 Payroll taxesPrograms $35,717 · Management $7,111$42,828
IX-11b Legal feesManagement $17,802$17,802
IX-11c Accounting feesManagement $29,050$29,050
IX-11g Other fees for servicesPrograms $234,119 · Management $5,845$239,964
IX-12 Advertising and promotionManagement $2,649$2,649
IX-13 Office expensesPrograms $144,629 · Management $5,964$150,593
IX-16 OccupancyPrograms $217,258$217,258
IX-23 InsuranceManagement $18,636$18,636
IX-25 Total functional expensesPrograms $1,124,070 · Management $195,327 · Fundraising $0$1,319,397
Part X · Balance sheet $184,127 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $123,856$142,149
X-3 Pledges and grants receivableStart of year $14,601$5,549
X-10c Land, buildings and equipment, netStart of year $26,429$26,429
X-15 Other assetsStart of year $10,000$10,000
X-16 Total assetsStart of year $183,498$184,127
X-17 Accounts payable and accrued expensesStart of year $119,020$61,682
X-25 Other liabilitiesStart of year $108,718$108,718
X-26 Total liabilitiesStart of year $227,738$170,400
X-27 Net assets without donor restrictionsStart of year −$44,240$13,727
X-32 Total net assets or fund balancesStart of year −$44,240$13,727
X-33 Total liabilities and net assetsStart of year $183,498$184,127
Part XI · Reconciliation of net assets $13,727 net assets at year end
XI-1 Total revenue$1,377,364
XI-2 Total expenses$1,319,397
XI-3 Revenue less expenses$57,967
XI-4 Net assets at start of year−$44,240
XI-10 Net assets at end of year$13,727

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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