Create Conway EIN 85-3649837 Form 990 (PDF) Claim this org

Create Conway FY2021 filing

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Empowers Arkansas creatives with skills and resources to thrive. For fiscal year 2021 it reported $98K in revenue, $67K in expenses, and $30K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Conway, AR
Website
www.createconway.com
Filings
5 on file (2021–2021)
Revenue
$98KFY2021
Expenses
$67K
Net assets
$30K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-3649837 Public charity (501(c)(3)) Conway, AR
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers Arkansas creatives with skills and resources to thrive.
Leadership
Jessica Crum · Director
Money in and out
$98K revenue, $67K expenses
Bottom line
91% program efficiency
Where the money goes · FY2021
Total revenue
$98K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$30K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.06 Fundraising $0.03
Program efficiency
91%
of spending reaches programs
Operating runway
5.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$98K
FY2021
Expenses
$67K
FY2021
Total assets
$30K
FY2021
Total liabilities
$169
FY2021
Total revenue
$98K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$30K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$30K
Program-expense ratioPt IX · col B91%
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 Conway
EINHdr · item D85-3649837
Principal addressHdr · item CConway, AR
WebsiteHdr · item Jwww.createconway.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFJan 2021

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 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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Nick Stevens$47,000$42,638
Kathryn Wilson$45,481
Jessica Crum$750$2,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2020.
01

Were on a mission to refine emerging creative talent. The institutes signature offering is a creative career launch program that prepares students for media, marketing, and design careers in arkansas.

Pt IX · col B
02

In our first year, we engaged in capacity building activities by building out our physical space, establishing partnerships, and beginning participant and volunteer recruitment.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$80K · 82%
Program service revenue$17K · 18%
Contributions & grants82%$80K
Program service revenue18%$17K
Total revenueLn 12$98K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.06 Fundraising $0.03
Program services91%$61K
Management & general6%$4K
Fundraising3%$2K
Total functional expensesLn 25$67K

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$30K
Total liabilitiesLn 26$169
Total net assetsLn 32$30K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $30K · Operating expenses (Pt IX) $67K · Less non-cash grants $3K · Cash operating expenses/yr $64K
5.7 months
Where the money goes
Program services
Program services $61K · Total expenses $67K
91%
Management & General
Management & general $4K · Total expenses $67K
6%
Fundraising
Fundraising $2K · Total expenses $67K
3%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $80K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $98K
82%
Government reliance
Government grants — · Total revenue $98K
Earned-income share
Program service revenue $17K · Total revenue $98K
18%
Investment reliance
Investment income $0 · Total revenue $98K
0%
Program self-sufficiency
Program service revenue $17K · Total expenses $67K
25%
Growth & trend
Revenue growth (YoY)
This year $98K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $30K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $98K · Expenses $67K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $30K
Net-asset ratio
Net assets $30K · Total assets $30K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Crum · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $67K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23K · Total expenses $67K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 6%
Fundraising cost ratio 3%
Legal fee ratio 1%
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.

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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)$123K revenue · ⤓ 990 PDF
FY2024$107K revenue · ⤓ 990 PDF
FY2023$239K revenue · ⤓ 990 PDF
FY2022$111K revenue · ⤓ 990 PDF
FY2021$98K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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