Overview
What is Creative Capital Foundation?
Creative Capital Foundation is a nonprofit organization situated in New York City, specifically at 15 Maiden Lane 18th Floor, NY 10038. Their primary mission is to support individual artists and their projects through awards and career development services. In the fiscal year 2022, they funded 50 new awardee projects, maintained relationships with artists from previous years, and offered non-monetary support in the form of consultations and meetings. They also hosted in-person community building events for the first time since the COVID-19 pandemic began in 2020. Furthermore, Creative Capital provided skills building webinars on various topics and administered the 2022 Hewlett 50 Art Commissions for Media Arts Awards. The Arts Writers Grant Program made 20 new grants and offered consultations to grant applicants. With a team of 22 employees, Creative Capital continues to empower artists and foster their career growth.
Official website here: www.creative-capital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Creative Capital Foundation has achieved a remarkable Four-Star rating from Charity Navigator, indicating exceptional performance in terms of accountability and finance. The foundation's overall score is bolstered by a perfect rating across multiple metrics, particularly in accountability practices, with all board members being independent and robust policies in place for oversight and transparency.
The organization demonstrates financial strength with a program expense ratio of 81.48%, which highlights its commitment to using the majority of its resources directly for its charitable programs. Additionally, the foundation exhibits excellent fundraising efficiency, with a low cost of $0.09 to raise a dollar, showcasing its effective management of donor funds.
While the ratings reflect outstanding governance and fiscal responsibility, there are no noted limitations or concerns within the data provided. Overall, Creative Capital Foundation stands out as a well-managed nonprofit, dedicated to its mission with a strong emphasis on accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Creative Capital Foundation legitimate?
Creative Capital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Creative Capital 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: $564,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,129,552
For more financial information, click here
Official website here: www.creative-capital.org
What is the mission statement of Creative Capital Foundation?
The Creative Capital Foundation supports individual artists' projects by providing awards and career development services. Their mission is to aid artists in bringing their projects to life by offering both financial and non-monetary assistance. This support includes consultations, meetings, and workshops on planning, marketing, and distribution. In addition, the foundation organizes skills building webinars in subjects like fundraising, public relations, marketing, strategic planning, and social media. Furthermore, the foundation hosts community building events for awarded artists and administers various arts commission awards. The Arts Writers Grant Program is another initiative, offering grants to arts writers and providing them with opportunities to meet with professionals for advice and consultations on their work.
Official website here: www.creative-capital.org
What is the revenue of Creative Capital Foundation?
Creative Capital Foundation's revenue in 2024 was $6,771,500.
Official website here: www.creative-capital.org
Who are the executives of Creative Capital Foundation and what are their salaries?
The average compensation at Creative Capital Foundation during 2024 was $84,705. There are 20 employees and 19 volunteers at Creative Capital Foundation.
Here are 24 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $184,554
- Related: $0
- Other: $28,082
- Compensation: $276,719
- Related: $0
- Other: $34,724
- Compensation: $117,640
- Related: $0
- Other: $23,359
- Compensation: $141,132
- Related: $0
- Other: $19,924
- Compensation: $131,100
- Related: $0
- Other: $24,322
Official website here: www.creative-capital.org
Where can I find the form 990 for Creative Capital Foundation?
Creative Capital Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.creative-capital.org
Learn more at the official website: www.creative-capital.org
Mission Statement of Creative Capital Foundation
Creative Capital Foundation, a distinguished organization, is dedicated to supporting individual artists and their projects. This is accomplished through the provision of awards and career development services. The mission of Creative Capital Foundation is to empower artists by investing in their creative endeavors, offering them non-monetary support, and fostering their growth through consultations, meetings, and skills building workshops. In addition, the foundation organizes community building events and provides opportunities for artists to connect with industry professionals for advice and guidance. By funding new projects and nurturing relationships with past awardees, Creative Capital Foundation plays a crucial role in the artistic community, helping artists bring their visions to life and advance their careers.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Creative Capital Foundation significantly impacts the arts community by providing essential support and resources to individual artists. In FY22, the organization funded a cohort of 50 new awardee projects, fostering creativity and innovation across various artistic disciplines. Beyond financial assistance, Creative Capital nurtures long-term relationships with past awardees, offering strategic consultations that enhance project planning, marketing, and distribution.
The foundation also emphasizes skill development through webinars on critical topics such as fundraising, public relations, and social media, making these resources available not only to awardees but also to a wider audience of artists. Community building is another cornerstone of their approach, as evidenced by the successful in-person events that reconnected artists after the isolation of the pandemic.
In addition to these initiatives, Creative Capital administers grants such as the Hewlett 50 Art Commissions and collaborates with platforms like Kickstarter to fund creators of color, expanding access and opportunities within the arts. Through the Arts Writers Grant Program, they further empower arts writers, offering grants and professional development opportunities to support their careers.
Overall, Creative Capital Foundation plays a vital role in strengthening the artistic landscape by cultivating talent, fostering collaboration, and creating pathways for diverse voices in the arts.
This information is meant to be a general summary of Creative Capital 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 2024.
- Investment Income: $247,419
- Program Service Revenue: $38,650
- Gross Receipts: $8,783,354
Assets and Liabilities:
- Total Assets: $9,066,763
- Total Liabilities: $981,175
- Net Assets: $8,085,588
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$30,000
CONTRACT INCOME
Revenue
$8,650
Organization Details
Founding Year
1998
Principal Officer
Leslie Singer
Website
www.creative-capital.orgNTEE Category
Code: P20 - Human services
If you are a representative of Creative Capital Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.