The corporation is organized and at times thereafter shall be operated exclusively for the benefit of, to perform the functions of, or to carry out the tax-exempt purposes of the center of creative arts ("Coca") under sections 501(c)(3) and 509(a)(3) of the internal revenue code of 1986. The purposes for which the corporation is organized include, but are not limited to, the following: to receive gifts and grants and to use such gifts and grants for its proper purposes, or to make distributions thereof for purposes and activities that qualify as exempt under code section 501(c)(3); and to otherwise operate in support of and in furtherance of the tax-exempt purposes of the supported organization.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $8K a year · 9% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$105K
0% vs prior year
Spent
$109K
To programs
96%
Net assets
$10.5M
By yearFY2020–FY2024
Revenue
$105K
FY20240%
Tap a bar for its year
Revenue by fiscal year
FY2020$61K
FY2022$105K
FY2023$105K
FY2024$105K
FY2024$105K
Expenses
$109K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$79K
FY2022$105K
FY2023$52K
FY2024$108K
FY2024$109K
Net assets
$10.5M
FY2024-0.04%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.5M
FY2022$10.5M
FY2023$10.6M
FY2024$10.5M
FY2024$10.5M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $105K Management & general 4% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Coca Leverage Lender INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds the Center of Creative Arts to advance its artistic and educational programs.

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Provided by the organization

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1 program · $105K · in their own filed words · FY2024
01

Coca leverage lender is a party to the new markets tax credit financing transaction which is allowing center of creative arts, its supported organization, to expand and improve its facilities in furtherance of its exempt mission.

$105Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $550K · 2020–2024
Center of Creative ArtsMO · FY2024$104,814
Center of Creative ArtsMO · FY2023$104,814
Center of Creative ArtsMO · FY2022$52,407
Center of Creative ArtsMO · FY2021$104,814
Center of Creative ArtsMO · FY2020$104,814
Center of Creative ArtsMO · FY2020$78,610

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$105K
Ln 12
Investment incomeLn 3$105K
Money outPt IX
$109K
Ln 25
Programscol B$105K
Managementcol C$4K
Owns and owesPt X
$10.5M
net assets · Ln 32
Total assetsLn 16$10.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$105K
Total revenueLn 12$105K
Assets in detailPt X, end of year
Other assetsLn 15$45K
Total assetsLn 16$10.5M
LiabilitiesLn 26$0
Net assetsLn 32$10.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$10.5M$10.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$10.5M$10.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105K$105K
Accounting feesLn 11c$4K$4K
Total functional expensesLn 25$109K$105K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $105K$108K−$3K$10.5M 990 PDF
FY2023 $105K$52K$52K$10.6M 990 PDF
FY2022 $105K$105K$0$10.5M 990 PDF
FY2021 Not on file
FY2020 $61K$79K−$17K$10.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $104,814 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $104,814$104,814
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $104,814$104,814
I-13 Grants and similar amounts paidPrior year $104,814$104,814
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,976$4,325
I-18 Total expensesPrior year $107,790$109,139
I-19 Revenue less expensesPrior year −$2,976−$4,325
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $104,814 across 2 lines filed
VIII-3 Investment incomeRelated to mission $104,814$104,814
VIII-12 Total revenueRelated to mission $104,814 · Unrelated business $0 · Excluded from tax $0$104,814
Part IX · Statement of functional expenses $109,139 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $104,814$104,814
IX-11c Accounting feesManagement $4,325$4,325
IX-25 Total functional expensesPrograms $104,814 · Management $4,325 · Fundraising $0$109,139
Part X · Balance sheet $10,543,976 assets, 6 lines filed
Asset lines not itemized here account for $10,498,870; see the IRS return.
X-15 Other assetsStart of year $49,432$45,106
X-16 Total assetsStart of year $10,548,301$10,543,976
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $10,548,301$10,543,976
X-32 Total net assets or fund balancesStart of year $10,548,301$10,543,976
X-33 Total liabilities and net assetsStart of year $10,548,301$10,543,976
Part XI · Reconciliation of net assets $10,543,976 net assets at year end
XI-1 Total revenue$104,814
XI-2 Total expenses$109,139
XI-3 Revenue less expenses−$4,325
XI-4 Net assets at start of year$10,548,301
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,543,976

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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