Foundation for Creative Expression EIN 74-3198671 Form 990 (PDF) Claim this org

Foundation for Creative Expression

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Explores and promotes understanding of countercultural movements and their lasting impact. For fiscal year 2024 it reported $120K in revenue, $30K in expenses, and $605K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
San Francisco, CA
Website
counterculturemuseum.org
Filings
2 on file (2023–2024)
Revenue
$120KFY2024
Expenses
$30K
Net assets
$605K
People
5
Filings
2
Updates
0
More identity details & actions ⌄
EIN  74-3198671 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Explores and promotes understanding of countercultural movements and their lasting impact.
Leadership
Estelle Cimino · President
Money in and out
$120K revenue, $30K expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$120K
Pt VIII · Ln 12
Total expenses
$30K
Pt IX · Ln 25
Net assets
$605K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.01 Fundraising $0.02
Program efficiency
96%
of spending reaches programs
Operating runway
181.3mo
months of highly liquid reserves at operating expense rate▼ -35% vs prior filing year
Surplus margin
+75%
revenue over expenses, this year▼ -22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$120K
FY2024▼ -40%
Total revenue
$120K
Pt VIII · Ln 12
Total expenses
$30K
Pt IX · Ln 25
Net assets
$605K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$90K
Total assetsPt X · Ln 16$605K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundation for Creative Expression
EINHdr · item D74-3198671
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jcounterculturemuseum.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A119)
Ruling yearIRS BMFDec 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
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
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $29K of program spending, described in the organization's own filed words · FY2024.
01

Sponsor events with poetry, music, readings, and film related to counter-cultural movements. A new, ideal museum location was established in effort to promote and spread the organization's mission further to the community. Additionally, research was conducted in finding new exhibits and artifacts.

$29Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$117K · 98%
Investment income$3K · 2%
Contributions & grants98%$117K
Investment income2%$3K
Total revenueLn 12$120K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.01 Fundraising $0.02
Program services96%$29K
Management & general1%$371
Fundraising2%$733
Total functional expensesLn 25$30K

Balance Sheet

Part X · end of year
CashLn 1$456K
Total assetsLn 16$605K
Total liabilitiesLn 26$0
Total net assetsLn 32$605K
Months of cash on handcomputed181.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $456K · Operating expenses/yr $30K
181.3 months
Where the money goes
Program services
Program services $29K · Total expenses $30K
96%
Management & General
Management & general $371 · Total expenses $30K
1%
Fundraising
Fundraising $733 · Total expenses $30K
2%
Cost to raise $1
Fundraising expense $733 · Solicited contributions $117K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $117K · Total revenue $120K
98%
Government reliance
Government grants — · Total revenue $120K
Earned-income share
Program service revenue $0 · Total revenue $120K
0%
Investment reliance
Investment income $3K · Total revenue $120K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $30K
0%
Growth & trend
Revenue growth (YoY)
This year $120K · Prior year $199K
-40%
Net-asset trend (YoY)
End of year $605K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $120K · Expenses $30K
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $605K
Net-asset ratio
Net assets $605K · Total assets $605K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $605K
0%
People & payroll
Highest Reported Total Compensation
Individual Estelle Cimino · Reported title President · Highest reported compensation $0 · Total expenses $30K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9K · Total expenses $30K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 1%
Fundraising cost ratio 0.6%
Revenue growth -40%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.7%
Fundraising fee ratio 0%

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
Total grants receivedfrom 1 funder$100K

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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)$120K revenue · viewing · ⤓ 990 PDF
FY2023$199K 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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