Creative Enterprise Zone EIN 47-3199574

Creative Enterprise Zone

EIN  47-3199574 Public charity (501(c)(3)) Saint Paul, MN
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Size
$100K–1M
What they do
Attracts and supports creative people and businesses to foster community and economic well-being.
Leadership
Angela Casselton · Executive Di · $92K
Money in and out
$224K revenue, $209K expenses
Bottom line
71% program efficiency

Attracts and supports creative people and businesses to foster community and economic well-being. For fiscal year 2024 it reported $224K in revenue, $209K in expenses, and $215K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$215K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.23 Fundraising $0.05
Program efficiency
71%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
13.1mo
months of highly liquid reserves at operating expense rate▲ +337% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +124% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$224K
FY2024▼ -17%
Expenses
$209K
FY2024▼ -40%
Total assets
$252K
FY2024▼ -2%
Total liabilities
$37K
FY2024▼ -34%
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$215K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$252K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $136K of program spending, described in the organization's own filed words · FY2024.
01

Chroma Zone Mural and Arts Festival

We produce an annual festival which focuses on the creation of large outdoor murals on buildings, along with community-led events and arts programs. Our goals are to raise the profile of the growing district, support and connect creatives who work and live here, and contribute to the long-term beauty, economic vitality, safety and…

$104Kprogram expense
02

Real Estate Services

We collaborate with landlords and tenants to prevent creative displacement, advocate for fair and affordable creative spaces, and recruit entrepreneurs, artists, makers, and small businesses to the district.

$32Kprogram expense
03

City of Saint Paul Neighborhood Star Program

We administer property improvement grants and loans reimbursable through the city of saint paul to help creative businesses respond to make capital improvements.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreative Enterprise Zone
EINHdr · item D47-3199574
Principal addressHdr · item CSaint Paul, MN
WebsiteHdr · item Jwww.creativeenterprisezone.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFOct 2017

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 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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$91,528Pt VII · Sec A
Board Vice C
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Angela Casselton’s $92K as Executive Di is at the 67th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Angela Casselton$91,528$95,696$88,200$142,975$36,477

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$219K · 98%
Program service revenue$5K · 2%
Contributions & grants98%$219K
Program service revenue2%$5K
Investment income$107
— government grantsLn 1e$50K
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.23 Fundraising $0.05
Program services71%$149K
Management & general23%$49K
Fundraising5%$11K
Total functional expensesLn 25$209K

Balance Sheet

Part X · end of year
CashLn 1$229K
Total assetsLn 16$252K
Total liabilitiesLn 26$37K
Total net assetsLn 32$215K
Months of cash on handcomputed13.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $229K · Operating expenses (Pt IX) $209K · Less non-cash grants $150 · Cash operating expenses/yr $209K
13.1 months
Where the money goes
Program services
Program services $149K · Total expenses $209K
71%
Management & General
Management & general $49K · Total expenses $209K
23%
Fundraising
Fundraising $11K · Total expenses $209K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $237K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $219K · Total revenue $224K
98%
Government reliance
Government grants $50K · Total revenue $224K
22%
Earned-income share
Program service revenue $5K · Total revenue $224K
2%
Investment reliance
Investment income $107 · Total revenue $224K
0%
Program self-sufficiency
Program service revenue $5K · Total expenses $209K
2%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $269K
-17%
Revenue CAGR
FY2020 $119K · FY2024 $224K
+17%
Net-asset trend (YoY)
End of year $215K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $209K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $252K
Net-asset ratio
Net assets $215K · Total assets $252K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $252K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angela Casselton · Reported title EXECUTIVE DI · Highest reported compensation $92K · Total expenses $209K
44%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $99K · Total expenses $209K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 23%
Fundraising cost ratio 5%
Revenue growth -17%
Accounting fee ratio 12%

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 · FY2024
See all 6 funders →
Grants paid · 5 grants · $50K · 2021–2022
Social Impact Strategies GroupFY2022$10,000
Urban Growler Brewing Co LLCFY2021$10,000
Northern Hardwood FramesFY2021$10,000

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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
FY2024 (Latest)$224K revenue · viewing · ⤓ 990 PDF
FY2023$269K revenue · ⤓ 990 PDF
FY2022$324K revenue · ⤓ 990 PDF
FY2021$236K revenue · ⤓ 990 PDF
FY2020$119K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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