Creative Foundation
Creative Foundation is a private foundation, based in NORTH MANKATO, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $891K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$891K
+84.3% YoY
Annual Giving
$2K
+135.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$1K
+17.5% YoY
Under IRS private-foundation payout rules, Creative Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About Creative Foundation
Based on IRS filings
Creative Foundation is a private foundation, based in NORTH MANKATO, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $891K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $10K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $890,655 | $483,360 | $235,460 |
| Revenue | $538,849 | $354,477 | $386,573 |
| Expenses | $140,795 | $113,657 | $190,630 |
| Qualifying Distributions | $133,496 | $109,630 | $189,420 |
| Net Investment Income | $9,748 | — | — |
| Distributable Amount | $31,579 | $10,651 | $5,816 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ronald Mcdonald Charities ($1,350), Links Players ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LINKS PLAYERS N PEACH AVE STE E, CA | OPERATIONS | $1,000 |
| RONALD MCDONALD CHARITIES CHICAGO, IL | LITERACY GALA | $1,350 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE PETERSON JR | PRESIDENT | 0.01 | — |
| KRISTIN PETERSON CAIN | TREASURER/SECRETARY | 0.01 | — |
| ROD MEYER | TRUSTEE | 0.01 | — |
| TIMOTHY CAIN | TRUSTEE | 0.01 | — |
| TIM PETERSON | TRUSTEE | 0.01 | — |
Frequently Asked Questions
How large is Creative Foundation?
As of 2024, Creative Foundation holds $891K in total assets with $539K in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does Creative Foundation operate?
Creative Foundation has awarded grants in California, Illinois, Minnesota.
What size grants does Creative Foundation award?
In 2024, Creative Foundation awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Creative Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Creative Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Creative Foundation's EIN?
Creative Foundation's EIN (Employer Identification Number) is 23-7456793. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Creative Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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