CREATIVE FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CREATIVE FOUNDATION (EIN 23-7456793)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-04-15
IRS object ID
201611069349100001
Schema version
2015v2.1
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)
Return2016-04-15T06:26:10-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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 Line1PO BOX 1601AddressLine1Txt
CityKINGS BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP96143ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIMOTHY PETERSONPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9529063939PhoneNum
Signature2016-03-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJILLIANN KLOOSTERPreparerPersonNm
PTINP00214839PTIN
Phone5076254910PhoneNum
Preparation2016-03-30PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$189,038FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$784DividendsRevAndExpnssAmt
Dividends Net Invst Incm$770DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$7,612NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$7,612GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$7,612CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$8,396TotalRevAndExpnssAmt
Total Net Invst Incm$8,382TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,155AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,155AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$102TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$25TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,257TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,180TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,857TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$9,780TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,461ExcessRevenueOverExpensesAmt
Net Investment Income$8,382NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,222CashBOYAmt
Cash EOY$1,966CashEOYAmt
Cash EOYFMV$1,966CashEOYFMVAmt
Sav And Temp Cash Invst BOY$95,137SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$86,550SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$86,550SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$82,825OtherInvestmentsBOYAmt
Other Investments EOY$91,207OtherInvestmentsEOYAmt
Other Investments EOYFMV$100,522OtherInvestmentsEOYFMVAmt
Total Assets BOY$181,184TotalAssetsBOYAmt
Total Assets EOY$179,723TotalAssetsEOYAmt
Total Assets EOYFMV$189,038TotalAssetsEOYFMVAmt
Loans From Officers BOY$86LoansFromOfficersBOYAmt
Loans From Officers EOY$86LoansFromOfficersEOYAmt
Total Liabilities BOY$86TotalLiabilitiesBOYAmt
Total Liabilities EOY$86TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$181,098RetainedEarningBOYAmt
Retained Earning EOY$179,637RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$181,098TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$179,637TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$181,184TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$179,723TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$181,098TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,461ExcessRevenueOverExpensesAmt
Subtotal$179,637SubtotalAmt
Tot Net Ast Or Fund Balances EOY$179,637TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$7,612CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$9,694AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$197,268NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.049141DistributionYr1Rt
Adjusted Qlfy Distri Yr2$9,163AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$194,050NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.047220DistributionYr2Rt
Adjusted Qlfy Distri Yr3$9,109AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$190,120NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.047912DistributionYr3Rt
Adjusted Qlfy Distri Yr4$9,164AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$184,400NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.049696DistributionYr4Rt
Adjusted Qlfy Distri Yr5$8,114AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$176,159NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.046061DistributionYr5Rt
Total Distribution0.240030TotalDistributionRt
Average Distribution0.048006AverageDistributionRt
Net Vl Noncharitable Assets$194,772NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$9,350AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$84NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$9,434AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$9,780QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$84InvestmentIncomeExciseTaxAmt
Subtotal$84SubtotalAmt
Tax Based On Investment Income$84TaxBasedOnInvestmentIncomeAmt
Tax Due$84TaxDueAmt

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 BooksTIMOTHY PETERSONIndividualWithBooksNm
Phone9529063939PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1601AddressLine1Txt
CityKINGS BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP96143ZIPCd
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 PYfalseUndistributedIncomePYInd
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

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 MANKATOMN56003PRESIDENT1.00$0$0$0
KRISTIN PETERSON CAIN
47 DEERWOOD COURTNORTH MANKATOMN56003SECRETARY1.00$0$0$0
TIMOTHY PETERSON
8787 STEELHEADKINGS BEACHCA96143TRUSTEE1.00$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$99,696AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$98,042AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$197,738TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$197,738AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,966CashDeemedCharitableAmt
Net Vl Noncharitable Assets$194,772NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,739MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,739MinimumInvestmentReturnAmt
Tax Based On Investment Income$84TaxBasedOnInvestmentIncomeAmt
Total Tax$84TotalTaxAmt
Distributable Before Adj$9,655DistributableBeforeAdjAmt
Distributable Before Ded$9,655DistributableBeforeDedAmt
Distributable As Adjusted$9,655DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$9,780ExpensesAndContributionsAmt
Qualifying Distributions$9,780QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$84PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$9,696AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,655DistributableAsAdjustedAmt
Undistributed Income PY$8,574UndistributedIncomePYAmt
Qualifying Distributions$9,780QualifyingDistributionsAmt
Applied To Year1$8,574AppliedToYear1Amt
Applied To Current Year$1,206AppliedToCurrentYearAmt
Undistributed Income CY$8,449UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ARTS FOR THE SCHOOLSBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 866AddressLine1Txt
CityTRUCKEECityNm
State AbbreviationCAStateAbbreviationCd
ZIP96160ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Grant Or Contribution PurposePROVIDE HIGH QUALITY ARTS LEARNINGGrantOrContributionPurposeTxt
Amt$8,600Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$784ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,612ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,396ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,396TotalIncomeProducingActyAmt

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$1,155Amt
Disbursements Charitable Prps$1,155DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$91,207BookValueAmt
EOYFMV$100,522EOYFMVAmt

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE FEE$25$25
EXCISE TAX$77

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