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Creatella Impact INC

Tax-deductible

New York, NY501(c)(3)Since 2021EIN 86-1598589Revenue $159K in FY2025

On file with the IRS240 E 39th St Apt 24h, 10016-7207 · New York, NYTax-exempt since Sep 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Creatella Impact bridges the sustainable development goals (sdg) gap bysupporting start up social enterprises and sustainability and social impactbusinesses principally in emerging markets to build sustainable enterprisesaddressing social and environmental challenges, with a strong focus on thesdgs. Organization provides technical assistance, education and trainingprograms, incubation and acceleration programs, advisory and executionsupport in the areas of strategy, operations, technology, impactperformance measurement and management, market analysis, etc.Creatella Impact is committed to contributing to the achievement of thesdgs and empowering women globally. With this objective, in 2021 createllaimpact designed a model shedisrupts mentorship and pre- accelerationprograms (SD) for women led early stage startups (micro andsmall enterprises with growth potential) to: a) provide training, capacitybuilding and pre-acceleration support on business, technology, genderequality and Impact man

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $4K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
+196% vs prior year
Spent
$177K
To programs
100%
Net assets
$19K
By yearFY2021–FY2025
Revenue
$159K
FY2025▲ +196%
Tap a bar for its year
Revenue by fiscal year
FY2021$60K
FY2022$72K
FY2023$159K
FY2024$54K
FY2025$159K
Expenses
$177K
FY2025▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2021$30K
FY2022$91K
FY2023$57K
FY2024$129K
FY2025$177K
Net assets
$19K
FY2025▼ -49%
Tap a bar for its year
Net assets by fiscal year
FY2021$30K
FY2022$11K
FY2023$114K
FY2024$38K
FY2025$19K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $177K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Karen Vardanyan
Coexecutive
$0Pt VII · Sec A
See Creatella Impact 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

Supports social startups and businesses in emerging markets to address global challenges.

Questions for Creatella Impact INC

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Launcher

Pt IX · col B
02

Abic

Pt IX · col B
03

SVS

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$159K
Money outPt IX
$177K
Ln 25
Programscol B$177K
Owns and owesPt X
$19K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$159K
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$0
Net assetsLn 32$19K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$38K$19K
Total assetsLn 16$38K$19K
LiabilitiesLn 26$0$0
Net assetsLn 32$38K$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$400$400
Other fees for servicesLn 11g$161K$161K
Advertising and promotionLn 12$140$140
Office expensesLn 13$801$801
TravelLn 17$9K$9K
InsuranceLn 23$6K$6K
Total functional expensesLn 25$177K$177K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $159K$177K−$19K$19K 990 PDF
FY2024 $54K$129K−$76K$38K 990 PDF
FY2023 $159K$57K$102K$114K 990 PDF
FY2022 $72K$91K−$19K$11K 990 PDF
FY2021 $60K$30K$30K$30K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $158,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,541$158,722
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $53,541$158,722
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $129,134$177,478
I-18 Total expensesPrior year $129,134$177,478
I-19 Revenue less expensesPrior year −$75,593−$18,756
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $158,722 across 3 lines filed
VIII-1f All other contributions, gifts and grants$158,722
VIII-1h Total contributions, gifts and grants$158,722
VIII-12 Total revenue$158,722
Part IX · Statement of functional expenses $177,478 across 6 lines filed
IX-11c Accounting feesPrograms $400$400
IX-11g Other fees for servicesPrograms $160,973$160,973
IX-12 Advertising and promotionPrograms $140$140
IX-13 Office expensesPrograms $801$801
IX-17 TravelPrograms $8,807$8,807
IX-23 InsurancePrograms $6,357$6,357
IX-25 Total functional expensesPrograms $177,478 · Management $0 · Fundraising $0$177,478
Part X · Balance sheet $19,360 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $38,116$19,360
X-16 Total assetsStart of year $38,116$19,360
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $38,116$19,360
X-32 Total net assets or fund balancesStart of year $38,116$19,360
X-33 Total liabilities and net assetsStart of year $38,116$19,360
Part XI · Reconciliation of net assets $19,360 net assets at year end
XI-1 Total revenue$158,722
XI-2 Total expenses$177,478
XI-3 Revenue less expenses−$18,756
XI-4 Net assets at start of year$38,116
XI-10 Net assets at end of year$19,360

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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