Creatempls EIN 47-5122723

Creatempls

EIN  47-5122723 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Prepares students in underserved communities for future work with technology learning programs.
Leadership
Mike Mroszak · Director
Money in and out
$599K revenue, $622K expenses
Bottom line
82% program efficiency

Prepares students in underserved communities for future work with technology learning programs. For fiscal year 2024 it reported $599K in revenue, $622K in expenses, and $74K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$622K
Pt IX · Ln 25
Net assets
$74K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.09 Fundraising $0.09
Program efficiency
82%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▲ +133% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -256% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$599K
FY2024▲ +21%
Expenses
$622K
FY2024▲ +28%
Total assets
$101K
FY2024▼ -16%
Total liabilities
$28K
FY2024▲ +13%
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$622K
Pt IX · Ln 25
Net assets
$74K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$101K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $512K of program spending, described in the organization's own filed words · FY2023.
01

Worked with over 300 students within the past 5 years and is on track to work with over 200 new students this academic year. Currently leading 9 competitive teams, grades 4-11 have consulted, developed curriculum for, and co-teach hope academy's new technology classes that are a part of a bigger school initiative to prepare students for…

$512Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreatempls
EINHdr · item D47-5122723
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jcreatempls.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$444K · 74%
Program service revenue$155K · 26%
Contributions & grants74%$444K
Program service revenue26%$155K
Total revenueLn 12$599K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.09 Fundraising $0.09
Program services82%$512K
Management & general9%$55K
Fundraising9%$55K
Total functional expensesLn 25$622K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$101K
Total liabilitiesLn 26$28K
Total net assetsLn 32$74K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $622K
1.4 months
Where the money goes
Program services
Program services $512K · Total expenses $622K
82%
Management & General
Management & general $55K · Total expenses $622K
9%
Fundraising
Fundraising $55K · Total expenses $622K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $50K · Solicited contributions (2-yr avg) $397K
$0.12 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $444K · Total revenue $599K
74%
Government reliance
Government grants — · Total revenue $599K
Earned-income share
Program service revenue $155K · Total revenue $599K
26%
Investment reliance
Investment income $0 · Total revenue $599K
0%
Program self-sufficiency
Program service revenue $155K · Total expenses $622K
25%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $496K
+21%
Net-asset trend (YoY)
End of year $74K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $622K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $101K
Net-asset ratio
Net assets $74K · Total assets $101K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $101K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mike Mroszak · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $622K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $521K · Total expenses $622K
84%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 9%
Fundraising cost ratio 12%
Revenue growth 21%

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 · funders on record
Grants received · FY2024
See all 12 funders →

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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)$599K revenue · viewing · ⤓ 990 PDF
FY2023$496K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$159K 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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