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Community Development : Community Foundations

CREATE Foundation

Northeast Mississippi's community foundation

four stars

93.48

213 West Main Street Tupelo, MS 38804
tel: (662) 844-8989   Web Site
EIN: 23-7248582

Board Leadership
Bo Collins
Chair

CEO
Mike Clayborne
President

  Score
(out of 100)
Rating
Overall Score & Rating 93.48 four stars
  Financial 91.70 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

CREATE is an acronym for Christian Research Education Action Technical Enterprise. Today, the CREATE Foundation is the region's premier philanthropic resource regarding comprehensive charitable planning for individuals, nonprofits, communities, and businesses. CREATE Foundation is committed to good stewardship of the funds entrusted to us. Sound financial practices protect investment principal from erosion, provide a steady stream of income for grants, and add value to investment assets through growth. For more than 35 years, CREATE has been working together with fund donors, grant recipients, organizations and communities, the Foundation is a powerful catalyst for building charitable resources for our region.

CREATE is an acronym for Christian Research Education Action Technical Enterprise. Today, the CREATE Foundation is the region's premier philanthropic resource regarding comprehensive charitable planning for individuals, nonprofits, communities, and businesses. CREATE Foundation is committed to good stewardship of the funds entrusted to us. Sound financial practices protect investment principal from erosion, provide a steady stream of income for grants, and add value to investment assets through growth. For more than 35 years, CREATE has been working together with fund donors, grant recipients, organizations and communities, the Foundation is a powerful catalyst for building charitable resources for our region.

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Financial

four stars

91.70

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
92.7%
  Administrative Expenses 4.7%
  Fundraising Expenses 2.4%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 14.63
  Program Expenses Growth 1.7%
  Liabilities to Assets < 0.1%
All data for Financial Performance Metrics calculations was provided by CREATE Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by CREATE Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
CREATE Foundation (MS) 93.48 four stars
Michigan Gateway Community Foundation (MI) 89.15 three stars
The Columbus Foundation (OH) 95.05 four stars
Community Foundation for Northeast Michigan (MI) 88.18 three stars
Wyoming Community Foundation (WY) 86.29 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $21,576,310
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $356,750
Total Contributions $21,933,060
   Program Service Revenue $32,426
Total Primary Revenue $21,965,486
   Other Revenue $4,536,975
TOTAL REVENUE $26,502,461
   
EXPENSES  
   Program Expenses $10,087,000
   Administrative Expenses $396,059
   Fundraising Expenses $222,466
TOTAL FUNCTIONAL EXPENSES $10,705,525
   
Payments to Affiliates $0
Excess (or Deficit) for the year $15,796,936
   
Net Assets $134,524,324

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Improving Education and Community Life $10,087,000 100.0%

Ratings History
CREATE Foundation has received 10 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 12/01/2020 93.48 four stars
2018-12 12/01/2019 93.07 four stars
2017-12 10/01/2018 90.58 four stars
2016-12 12/22/2017 96.61 four stars
2015-12 11/01/2016 98.06 four stars
2014-12 06/01/2016 97.10 four stars
 
CN 2.0
2014-12 11/01/2015 96.67 four stars
2013-12 05/01/2015 93.95 four stars
2012-12 11/01/2013 94.37 four stars
2011-12 12/01/2012 96.75 four stars
2010-12 03/01/2012 95.03 four stars
2009-12 09/20/2011 82.65 three stars
 
CN 1.0
2009-12 02/01/2011 75.73 two stars
2008-12 02/01/2010 90.42 four stars
2007-12 02/01/2009 96.39 four stars
2006-12 07/01/2008 94.17 four stars
2005-12 11/01/2006 98.83 four stars
2004-12 10/01/2005 92.49 four stars
2003-12 09/01/2004 85.45 three stars
2002-12 10/01/2003 92.92 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7248582
Name in IRS Master File CREATE FOUNDATION INC
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (29) Other religious activities
(45) Student operated business
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1972
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$220,140 2.05% Michael K. Clayborne President

Highly Rated

Charity Name & State Overall Score Overall Rating
CREATE Foundation (MS) 93.48 four stars
Community Foundation for Monterey County (CA) 94.69 four stars
Community Foundation of Greater Huntsville (AL) 93.98 four stars
Richland County Foundation (OH) 94.67 four stars
Greater Kansas City Community Foundation (MO) 92.61 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

CREATE Foundation
213 West Main Street
Tupelo, MS 38804
tel: (662) 844-8989
fax: (662) 844-8149
EIN: 23-7248582

Mail donations to:
P.O. Box 1053
Tupelo, MS 38802

Visit Web Site

Board Leadership

Bo Collins
Chair

CEO

Mike Clayborne
President

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