Creative Minds Care FY2022 filing

Public charity (501(c)(3)) Studio City, CA EIN 46-5602137 NTEE A20
Revenue
$373K
▲ +586%
FY2022 · Pt VIII · Ln 12
Expenses
$132K
▲ +159%
FY2022 · Pt IX · Ln 25
Net assets
$365K
FY2022 · Pt X · Ln 32
To programs
98%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$373K
FY2022▲ +586%
Expenses
$132K
FY2022▲ +159%

Promote brain health and fund research to end neurodegenerative diseases.

Is this your organization?
Claim it free, then get the verified mark.
Claim
Tax-deductible?
Yes
Per the IRS master file.
Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Details →
Foundation funders?
2 funders, incl. Greater Houston Community Foundation
$380K in the latest grant year.
Details →
Spent on programs?
98% to programs
Form 990 Part IX, latest filing.
Details →
Size and trend
$100K–1M
↑ +586% vs prior year
Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Promote brain health and fund research to end neurodegenerative diseases.

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Studio City, CA
Website
www.creativemindscare.org
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Provided by the organization

This section is blank until Creative Minds Care claims this page.

Know this organization? Claim it to add your story

Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
33.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+65%
revenue over expenses, this year

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Creative Minds Care →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$365K
FY2022▲ +193%
Total liabilities
$0
FY2022
Revenue less expensesPt I · Ln 19$241K
Total assetsPt X · Ln 16$365K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCreative Minds Care
EINHdr · item D46-5602137
Principal addressHdr · item CStudio City, CA
WebsiteHdr · item Jwww.creativemindscare.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Creative Minds Care executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $130K of program spending, described in the organization's own filed words · FY2022.
01

Further research with the highest probability of preventing, slowing or reversing alzheimer's disease.

$130Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Other revenue100%$373K
Total revenueLn 12$373K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$130K
Management & general2%$2K
Total functional expensesLn 25$132K

Balance Sheet

Part X · end of year
CashLn 1$365K
Total assetsLn 16$365K
Total liabilitiesLn 26$0
Total net assetsLn 32$365K
Months of cash on handcomputed33.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $365K · Operating expenses/yr $132K
33.1 months
Where the money goes
Program services
Program services $130K · Total expenses $132K
98%
Management & General
Management & general $2K · Total expenses $132K
2%
Fundraising
Fundraising $0 · Total expenses $132K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $373K
0%
Government reliance
Government grants — · Total revenue $373K
—
Earned-income share
Program service revenue $0 · Total revenue $373K
0%
Investment reliance
Investment income $0 · Total revenue $373K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $132K
0%
Growth & trend
Revenue growth (YoY)
This year $373K · Prior year $54K
+586%
Net-asset trend (YoY)
End of year $365K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $373K · Expenses $132K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $365K
—
Net-asset ratio
Net assets $365K · Total assets $365K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $365K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michelle Gonzalez · Reported title TREASURER · Highest reported compensation $0 · Total expenses $132K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $132K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Revenue growth 586%——
Accounting fee ratio 0.9%——

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 · FY2023
Total grants receivedfrom 2 funders$380K
Grants paid · 11 grants · $561K · 2020–2024

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 (Latest)$58K revenue · ⤓ 990 PDF
FY2023$-144K revenue · ⤓ 990 PDF
FY2022$373K revenue · viewing · ⤓ 990 PDF
FY2021$54K revenue · ⤓ 990 PDF
FY2020$249K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.