Creative Enterprise Zone EIN 47-3199574

Creative Enterprise Zone FY2020 filing

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Attracts and supports creative people and businesses to foster community and economic well-being. For fiscal year 2020 it reported $119K in revenue, $182K in expenses, and $360K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Saint Paul, MN
Website
www.creativeenterprisezone.org
Filings
5 on file (2020–2020)
Revenue
$119KFY2020
Expenses
$182K
Net assets
$360K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3199574 Public charity (501(c)(3)) Saint Paul, MN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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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 · Contracted E · $36K
Money in and out
$119K revenue, $182K expenses
Bottom line
77% program efficiency
Where the money goes · FY2020
Total revenue
$119K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$360K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$62K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.05 Fundraising $0.18
Program efficiency
77%
of spending reaches programs
Operating runway
20.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-52%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$119K
FY2020
Expenses
$182K
FY2020
Total assets
$387K
FY2020
Total liabilities
$27K
FY2020
Total revenue
$119K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$360K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$62K
Total assetsPt X · Ln 16$387K
Program-expense ratioPt IX · col B77%
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 $114K of program spending, described in the organization's own filed words · FY2020.
01

Real Estate Development

We recruit creative entrepreneurs, artists and makers to the district, and collaborate with landlords to prevent displacement and encourage preservation of fair and affordable creative spaces.

$63Kprogram expense
02

Chroma Zone Mural and Arts Festival

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

$51Kprogram expense
03

Public Spaces

We collaborate on initiatives to improve public health, beauty, safety and the environment by implementing programs that expand the urban tree canopy, create new parks and places to connect, and lead a neighborhood-wide conversation about the environment and our public spaces.

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
Contracted E
$36,477Pt VII · Sec A
Board Vice C
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
$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$97K · 81%
Program service revenue$21K · 18%
Investment income$828 · 1%
Contributions & grants81%$97K
Program service revenue18%$21K
Investment income1%$828
Other revenue$101
— government grantsLn 1e$65K
Total revenueLn 12$119K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.05 Fundraising $0.18
Program services77%$140K
Management & general5%$9K
Fundraising18%$32K
Total functional expensesLn 25$182K

Balance Sheet

Part X · end of year
CashLn 1$309K
Total assetsLn 16$387K
Total liabilitiesLn 26$27K
Total net assetsLn 32$360K
Months of cash on handcomputed20.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $309K · Operating expenses/yr $182K
20.4 months
Where the money goes
Program services
Program services $140K · Total expenses $182K
77%
Management & General
Management & general $9K · Total expenses $182K
5%
Fundraising
Fundraising $32K · Total expenses $182K
18%
Cost to raise $1
Fundraising expense $32K · Solicited contributions $32K
$1.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $97K · Total revenue $119K
81%
Government reliance
Government grants $65K · Total revenue $119K
55%
Earned-income share
Program service revenue $21K · Total revenue $119K
18%
Investment reliance
Investment income $828 · Total revenue $119K
+0.7%
Program self-sufficiency
Program service revenue $21K · Total expenses $182K
12%
Growth & trend
Revenue growth (YoY)
This year $119K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $360K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $119K · Expenses $182K
-52%
Liabilities-to-Assets
Total liabilities — · Total assets $387K
Net-asset ratio
Net assets $360K · Total assets $387K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $387K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angela Casselton · Reported title CONTRACTED E · Highest reported compensation $36K · Total expenses $182K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $182K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 5%
Fundraising cost ratio 33%
Legal fee ratio 0.2%
Accounting fee ratio 2%
Fundraising fee ratio 13%

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 · ⤓ 990 PDF
FY2023$269K revenue · ⤓ 990 PDF
FY2022$324K revenue · ⤓ 990 PDF
FY2021$236K revenue · ⤓ 990 PDF
FY2020$119K 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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