Creative Million INC EIN 83-2573369 Form 990 (PDF) Claim this org

Creative Million INC FY2024 filing

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Creative Million INC is a public foundation based in Manhasset, NY, formed in 2019. For fiscal year 2024 it reported $950K in revenue, $351K in expenses, and $856K in net assets.Pt I

Founded
2019
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Manhasset, NY
Website
www.creative-million.org
Filings
3 on file (2020–2024)
Revenue
$950KFY2024
Expenses
$351K
Net assets
$856K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  83-2573369 Public foundation / grantmaker Manhasset, NY Founded 2019
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a public foundation
Leadership
Neelam Chibber · Board Member
Money in and out
$950K revenue, $351K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2024
Total revenue
$950K
Pt VIII · Ln 12
Total expenses
$351K
Pt IX · Ln 25
Net assets
$856K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $599K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
30.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+63%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$950K
FY2024▲ ×41
Expenses
$351K
FY2024
Total assets
$876K
FY2024
Total liabilities
$20K
FY2024
Total revenue
$950K
Pt VIII · Ln 12
Total expenses
$351K
Pt IX · Ln 25
Net assets
$856K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$599K
Total assetsPt X · Ln 16$876K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $351K of program spending, described in the organization's own filed words · FY2024.
01

Assist economic development of women and adolescent girls in india and connecting them to markets

$351Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreative Million INC
EINHdr · item D83-2573369
Principal addressHdr · item CManhasset, NY
WebsiteHdr · item Jwww.creative-million.org
Year of formationHdr · item L2019
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFSep 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
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
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$950K
Total revenueLn 12$950K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$351K
Total functional expensesLn 25$351K

Balance Sheet

Part X · end of year
CashLn 1$456K
Total assetsLn 16$876K
Total liabilitiesLn 26$20K
Total net assetsLn 32$856K
Months of cash on handcomputed15.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $876K · Operating expenses/yr $351K
30.0 months
Where the money goes
Program services
Program services $351K · Total expenses $351K
100%
Management & General
Management & general $0 · Total expenses $351K
0%
Fundraising
Fundraising $0 · Total expenses $351K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $950K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $950K · Total revenue $950K
100%
Government reliance
Government grants — · Total revenue $950K
Earned-income share
Program service revenue $0 · Total revenue $950K
0%
Investment reliance
Investment income $0 · Total revenue $950K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $351K
0%
Growth & trend
Revenue growth (YoY)
This year $950K · Prior year $23K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $856K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $950K · Expenses $351K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $876K
Net-asset ratio
Net assets $856K · Total assets $876K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $420K · Total assets (Pt X, ln 16) $876K
48%
People & payroll
Highest Reported Total Compensation
Individual Neelam Chibber · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $351K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $64K · Total expenses $351K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth ×41
Accounting fee ratio 1%

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 · FY2022
Total grants receivedfrom 1 funder$5K

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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
FY2025 (Latest)$0 revenue · ⤓ 990 PDF
FY2024$950K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022not on file
FY2021not on file
FY2020$23K 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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