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

Create Conway FY2023 filing

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Empowers Arkansas creatives with skills and resources to thrive. For fiscal year 2023 it reported $239K in revenue, $136K in expenses, and $113K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Conway, AR
Website
www.createconway.com
Filings
5 on file (2021–2023)
Revenue
$239KFY2023
Expenses
$136K
Net assets
$113K
People
10
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 FY2023 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
Nick Stevens · Executive Director · $43K
Money in and out
$239K revenue, $136K expenses
Bottom line
77% program efficiency
Where the money goes · FY2023
Total revenue
$239K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$113K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $103K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.22 Fundraising $0.01
Program efficiency
77%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+43%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$239K
FY2023▲ +115%
Expenses
$136K
FY2023▲ +102%
Total assets
$113K
FY2023▲ +272%
Total liabilities
$114
FY2023▼ -33%
Total revenue
$239K
Pt VIII · Ln 12
Total expenses
$136K
Pt IX · Ln 25
Net assets
$113K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$103K
Total assetsPt X · Ln 16$113K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

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 1a9
Independent voting membersPt VI · Ln 1b8
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 (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$42,638Pt VII · Sec A
President/Chair
$2,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 account for $94K of program spending, described in the organization's own filed words · FY2022.
01

The institute's signature offering is a creative career launch program that prepares students for media, marketing, and design careers in arkansas.

$67Kprogram expense
02

Conway art walk is held each first friday of the month in downtown conway, with the goal of transforming the area into an arts and culture destination through live music, art experiences, and pop-up galleries.

$27Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$191K · 80%
Program service revenue$47K · 20%
Contributions & grants80%$191K
Program service revenue20%$47K
Total revenueLn 12$239K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.22 Fundraising $0.01
Program services77%$105K
Management & general22%$30K
Fundraising1%$1K
Total functional expensesLn 25$136K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$113K
Total liabilitiesLn 26$114
Total net assetsLn 32$113K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses (Pt IX) $136K · Less non-cash grants $110K · Cash operating expenses/yr $26K
1.4 months
Where the money goes
Program services
Program services $105K · Total expenses $136K
77%
Management & General
Management & general $30K · Total expenses $136K
22%
Fundraising
Fundraising $1K · Total expenses $136K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $136K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $191K · Total revenue $239K
80%
Government reliance
Government grants — · Total revenue $239K
Earned-income share
Program service revenue $47K · Total revenue $239K
20%
Investment reliance
Investment income $0 · Total revenue $239K
0%
Program self-sufficiency
Program service revenue $47K · Total expenses $136K
35%
Growth & trend
Revenue growth (YoY)
This year $239K · Prior year $111K
+115%
Net-asset trend (YoY)
End of year $113K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $239K · Expenses $136K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $113K
Net-asset ratio
Net assets $113K · Total assets $113K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $113K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nick Stevens · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $43K · Total expenses $136K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $50K · Total expenses $136K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 22%
Fundraising cost ratio 0.8%
Revenue growth 115%
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 · viewing · ⤓ 990 PDF
FY2022$111K revenue · ⤓ 990 PDF
FY2021$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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