Overview
What is Create Foundation?
Create Foundation is a nonprofit, charitable organization functioning as a community foundation, stimulating giving for human development projects in the areas of education, health and human services, cultural enrichment, and leadership development. Based on the provided information, the organization contributes to various charitable organizations, including public schools and universities, to enhance education and community life. It also acts as a fiscal agent for numerous charitable projects and builds permanent community endowments. Create Foundation promotes philanthropy, manages charitable funds contributed by individuals, families, organizations, and corporations, and provides leadership on key community issues, ultimately strengthening regional community development capacity.
Official website here: www.createfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Create Foundation has achieved an impressive 100% score from Charity Navigator, indicating a strong commitment to accountability and financial management. This rating is based entirely on their financial practices and oversight, demonstrating the organization's transparency and fiscal responsibility. The foundation has a robust governance structure with an entirely independent board and comprehensive policies in place to prevent conflicts of interest.
The organization's financial health is notable, with a high program expense ratio of approximately 92%, showing that the majority of funds are directed towards its programs. Additionally, their fundraising efficiency is commendable, with minimal costs associated with raising funds, indicating effective management of resources. The foundation also maintains a favorable liabilities-to-assets ratio of 0.00%, reflecting strong financial stability.
While the Create Foundation's high rating highlights its strengths, the review data does not indicate any specific challenges or limitations faced by the organization. Overall, the charity exemplifies best practices in nonprofit governance and financial management, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Create Foundation legitimate?
Create Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Create Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $538,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,100
For more financial information, click here
Official website here: www.createfoundation.com
What is the mission statement of Create Foundation?
The Create Foundation functions as a community charitable organization, stimulating giving for human development projects in the areas of education, health and human services, cultural enrichment, and leadership development. Through contributions to various charitable organizations and operating as a fiscal agent for numerous projects, the organization supports improvements in education and community life, encourages philanthropy, and manages charitable funds donated by individuals, families, organizations, and corporations. The foundation's activities aim to strengthen regional community development capacity and provide leadership on key community issues.
Official website here: www.createfoundation.com
Who is the CEO of Create Foundation?
Michael K Clayborne is the President of Create Foundation.
Official website here: www.createfoundation.com
What is the revenue of Create Foundation?
Create Foundation's revenue in 2022 was $17,703,695.
Official website here: www.createfoundation.com
Who are the executives of Create Foundation and what are their salaries?
The average compensation at Create Foundation during 2022 was $99,866. There are 10 employees at Create Foundation.
Here are 31 key members and their salaries:
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Official website here: www.createfoundation.com
Where can I find the form 990 for Create Foundation?
Create Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.createfoundation.com
Learn more at the official website: www.createfoundation.com
Mission Statement of Create Foundation
Create Foundation, a charitable organization, is dedicated to stimulating giving for human development projects in various sectors. The nonprofit focuses on education, health and human services, cultural enrichment, and leadership development. By contributing to these initiatives, Create Foundation aims to enhance community life and promote charitable giving.
In addition to direct donations, the organization functions as a fiscal agent for numerous charitable projects. By doing so, it builds permanent community endowments and encourages philanthropy. Create Foundation manages charitable funds contributed by individuals, families, organizations, and corporations. This work strengthens regional community development capacity and provides leadership on significant community issues.
The nonprofit's impact extends beyond its financial contributions. It supports public schools and universities, contributing to the improvement of educational opportunities for many. Through its fiscal agency role, it also supports various charitable projects, ensuring their continued success and growth. Create Foundation's mission is to make a positive difference in people's lives by investing in their education, health, cultural growth, and leadership development.
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Impact
October, 2024
Create Foundation plays a vital role in enhancing community life and fostering development across various sectors. By stimulating charitable giving, it channels financial resources into education, health and human services, cultural enrichment, and leadership development initiatives. The foundation is instrumental in making significant contributions to public schools and universities, thereby improving educational outcomes and community engagement.
In addition to funding, Create Foundation serves as a fiscal agent for numerous charitable projects, ensuring efficient management of resources. It focuses on building permanent endowments that bolster regional community development capacity, encouraging philanthropy among individuals, families, organizations, and corporations. Through its leadership on critical community issues, Create Foundation not only enhances the quality of life but also strengthens the social fabric of the Tupelo community and beyond.
This information is meant to be a general summary of Create Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,763,513
- Program Service Revenue: $32,732
- Gross Receipts: $17,777,678
Assets and Liabilities:
- Total Assets: $145,002,531
- Total Liabilities: $0
- Net Assets: $145,002,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$32,732
Organization Details
Founding Year
1972
Phone
(662) 844-8989Principal Officer
Michael K Clayborne
Main Address
PO BOX 1053, TUPELO, MS, 38802
Website
www.createfoundation.comNTEE Category
Code: T310 - Philanthropy
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