Creativets

Nonprofit profile at a glance

EIN
463617663
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Nashville, TN, USA
Phone
2817829232
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Official website

Reported finances

Revenue
$4,344,407
Expenses
$2,278,622
Assets
$4,637,769
Liabilities
$1,685,972

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • RICHARD CASPER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RICHARD CASPER (EXECUTIVE DIRECTOR): $148,363 total reported compensation
  • KYLE L YEPSON (EMPLOYEE): $115,848 total reported compensation
  • BRETT F GILLAN (EMPLOYEE): $100,630 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To empower wounded veterans to heal through the arts and music, using tools they can use the rest of their lives to combat stress, depression, and other side effects of war. These programs also enable veterans to see their own capacity for success in an area outside the battlefield.

What it reported doing in 2024

Introduction to art for veterans - these programs provided our high quality, multi-discipline visual art programming. Creativets continued to partner with the glassell school of art at the museum of fine arts - houston for our recurring winter art program. This 2-week program was modeled after our summer programs but offered in houston, tx where the winter weather was not so extreme. This class focused on sculpture and ceramics, but it also included elements of mixed media, woodworking, metal working, photography, and other mediums. The program was a huge success and gave us the opportunity to showcase our healing process with an entire new community of veterans and civilians. As with songwriting, we also introduced community art programs in nashville, tn that ranged from collage and painting, to photography and leatherworking. These single day programs allow those local veterans with a busy schedule to have the opportunity to learn about art, meet other veterans and create something healing.all of this was made possible with the support of our generous donors and supporters. Due to this support, we were able to afford these additional programs to build on to our foundation for the future.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 87
  • Accountability: 90
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.7%; rating input score 47
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: $48.99 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 47.6%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 2.04; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 16%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 32.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 39.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 50.7% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 46.7% of revenue deployed · 87.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $148K · 12 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.