CREATIVE FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CREATIVE FOUNDATION (EIN 23-7456793)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-29
IRS object ID
202103029349101000
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-29T10:13:25-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN462815829PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KITCHENMASTER KLOOSTER & BEGALKA CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11660 COMMERCE DRIVEAddressLine1Txt
CityNORTH MANKATOCityNm
State AbbreviationMNStateAbbreviationCd
ZIP560031912ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237456793EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CREATIVE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCREABusinessNameControlTxt
Phone9529063939PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line147 DEERWOOD CTAddressLine1Txt
CityNORTH MANKATOCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56003ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKRISTIN PETERSON CAINPersonNm
Person TitleSECRETARYPersonTitleTxt
Signature2021-10-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKRISTINPersonFirstNm
Person LastCAINPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEXANDER SWANSONPreparerPersonNm
PTINP00795704PTIN
Phone5076254910PhoneNum
Preparation2021-10-27PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$201,273FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,424DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,424DividendsNetInvstIncmAmt
Total Rev And Expnss$4,428TotalRevAndExpnssAmt
Total Net Invst Incm$4,428TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$805LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$805LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,210AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,210AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$207TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$25TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$5,039OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$5,039OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,261TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,079TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,261TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$7,079TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,833ExcessRevenueOverExpensesAmt
Net Investment Income$4,428NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,560CashBOYAmt
Cash EOY$5,299CashEOYAmt
Cash EOYFMV$5,299CashEOYFMVAmt
Sav And Temp Cash Invst BOY$47,943SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$37,947SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$37,947SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$123,172OtherInvestmentsBOYAmt
Other Investments EOY$127,596OtherInvestmentsEOYAmt
Other Investments EOYFMV$158,027OtherInvestmentsEOYFMVAmt
Total Assets BOY$173,675TotalAssetsBOYAmt
Total Assets EOY$170,842TotalAssetsEOYAmt
Total Assets EOYFMV$201,273TotalAssetsEOYFMVAmt
Loans From Officers BOY$86LoansFromOfficersBOYAmt
Loans From Officers EOY$86LoansFromOfficersEOYAmt
Total Liabilities BOY$86TotalLiabilitiesBOYAmt
Total Liabilities EOY$86TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$173,589RetainedEarningBOYAmt
Retained Earning EOY$170,756RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$173,589TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$170,756TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$173,675TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$170,842TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$173,589TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,833ExcessRevenueOverExpensesAmt
Subtotal$170,756SubtotalAmt
Tot Net Ast Or Fund Balances EOY$170,756TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$62InvestmentIncomeExciseTaxAmt
Subtotal$62SubtotalAmt
Tax Based On Investment Income$62TaxBasedOnInvestmentIncomeAmt
Tax Due$62TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKRISTIN PETERSON CAINIndividualWithBooksNm
Phone9529063939PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line147 DEERWOOD COURTAddressLine1Txt
CityNORTH MANKATOCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56003ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12019UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GEORGE PETERSON JR
1574 SHERWOOD DRIVENORTH MANKATOMN56003PRESIDENT000.00$0$0$0
KRISTIN PETERSON CAIN
47 DEERWOOD COURTNORTH MANKATOMN56003SECRETARY000.00$0$0$0
TIMOTHY PETERSON
8787 STEELHEADKINGS BEACHCA96143TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$139,869AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$46,227AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$186,096TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$186,096AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,791CashDeemedCharitableAmt
Net Vl Noncharitable Assets$183,305NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,165MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,165MinimumInvestmentReturnAmt
Tax Based On Investment Income$62TaxBasedOnInvestmentIncomeAmt
Total Tax$62TotalTaxAmt
Distributable Before Adj$9,103DistributableBeforeAdjAmt
Distributable Before Ded$9,103DistributableBeforeDedAmt
Distributable As Adjusted$9,103DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,079ExpensesAndContributionsAmt
Qualifying Distributions$7,079QualifyingDistributionsAmt
Adjusted Qualifying Distri$7,079AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,103DistributableAsAdjustedAmt
Undistributed Income PY$7,891UndistributedIncomePYAmt
Qualifying Distributions$7,079QualifyingDistributionsAmt
Applied To Year1$7,079AppliedToYear1Amt
Taxable2$812Taxable2Amt
Undistributed Income CY$9,103UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,424ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,428ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,428TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryKITCHENMASTER, KLOOSTER & BEGALKCategoryTxt
Amt$1,210Amt
Disbursements Charitable Prps$1,210DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$127,596BookValueAmt
EOYFMV$158,027EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$805LegalFeesAmt
Disbursements Charitable Prps$805DisbursementsCharitablePrpsAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonTIMOTHY PETERSONLenderPersonNm
Loan Original$86LoanOriginalAmt
Balance Due$86BalanceDueAmt
Note2007-12NoteDt
Security Provided BorrowerUNSECUREDSecurityProvidedBorrowerTxt
Loan PurposePAY EXPENSESLoanPurposeTxt
Lender ConsiderationCASHLenderConsiderationDesc

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
MARKETING$5,039$5,039

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE FEE$25$25
EXCISE TAX$182

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