Create Newberry INC EIN 85-1035631 Form 990 (PDF) Claim this org

Create Newberry INC

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Provides free arts education to everyone in the community. For fiscal year 2025 it reported $201K in revenue, $100K in expenses, and $293K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Newberry, SC
Filings
4 on file (2021–2025)
Revenue
$201KFY2025
Expenses
$100K
Net assets
$293K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-1035631 Public charity (501(c)(3)) Newberry, SC
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides free arts education to everyone in the community.
Leadership
Antony Caldwell · Member-At-Large
Money in and out
$201K revenue, $100K expenses
Bottom line
81% program efficiency
Where the money goes · FY2025
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$100K
Pt IX · Ln 25
Net assets
$293K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $101K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program efficiency
81%
of spending reaches programs
Operating runway
68.5mo
months of highly liquid reserves at operating expense rate▲ +37% vs prior filing year
Surplus margin
+50%
revenue over expenses, this year▼ -26% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$201K
FY2025▲ +74%
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$100K
Pt IX · Ln 25
Net assets
$293K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$101K
Total assetsPt X · Ln 16$293K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreate Newberry INC
EINHdr · item D85-1035631
Principal addressHdr · item CNewberry, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFNov 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 (FY2024); the FY2025 filing did not itemize Part VII
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
City of Newberry Representative
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Create Newberry INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $81K of program spending, described in the organization's own filed words · FY2024.
01

Supplied free arts programming for children and youth. Offered scholarships for arts programming and provided funding for professional artists to work with our citizens

$81Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$130K · 64%
Program service revenue$64K · 32%
Investment income$8K · 4%
Contributions & grants64%$130K
Program service revenue32%$64K
Investment income4%$8K
Other revenue$88
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program services81%$81K
Management & general16%$16K
Fundraising3%$3K
Total functional expensesLn 25$100K

Balance Sheet

Part X · end of year
CashLn 1$238K
Total assetsLn 16$293K
Total liabilitiesLn 26$0
Total net assetsLn 32$293K
Months of cash on handcomputed28.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $238K · Operating expenses (Pt IX) $100K · Less non-cash grants $59K · Cash operating expenses/yr $42K
68.5 months
Where the money goes
Program services
Program services $81K · Total expenses $100K
81%
Management & General
Management & general $16K · Total expenses $100K
16%
Fundraising
Fundraising $3K · Total expenses $100K
3%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $130K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $130K · Total revenue $201K
64%
Government reliance
Government grants — · Total revenue $201K
Earned-income share
Program service revenue $64K · Total revenue $201K
32%
Investment reliance
Investment income $8K · Total revenue $201K
+4%
Program self-sufficiency
Program service revenue $64K · Total expenses $100K
64%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $116K
+74%
Net-asset trend (YoY)
End of year $293K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $100K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $293K
Net-asset ratio
Net assets $293K · Total assets $293K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $293K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Antony Caldwell · Reported title Member-At-Large · Highest reported compensation $0 · Total expenses $100K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $100K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 16%
Fundraising cost ratio 3%
Revenue growth 74%
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 · FY2024
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)$201K revenue · viewing · ⤓ 990 PDF
FY2024$116K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$141K revenue · ⤓ 990 PDF
FY2021$45K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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