CREATION DEVELOPMENT FOUNDATION INC

Address
599 CELEBRATION PLACE
CELEBRATION, FL 34747
Contact
Website: http://www.creationdevelopment.org
Phone: +1 (407) 900-7708
Nonprofit
NTEE: B80 - Student Services, Organizations of Students
EIN: 45-3411581

Mission

CREATION DEVELOPMENT FOUNDATION'S PURPOSE IS TO ESTABLISH AND MAINTAIN INSTITUTIONS THAT WILL PROVIDE FOR STUDENTS FROM THE INFANT AGE THROUGH TWELFTH GRADE AN EDUCATION DESIGNED AND COMMITTED TO PREPARING STUDENTS TO OBTAIN QUALIFICATIONS AND SKILLS FOR HIGHER LEARNING.
 20162015201420132012
Basic features of the organization
Year of formation2011
Metropolitan statistical area5960
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$109,803.00$105,923.00$103,671.00$104,487.00$70,513.00
Sum of reportable (W2/1099) compensation$109,803.00$105,923.00$103,671.00$104,487.00$70,513.00
Number of employees646761291
Number of people compensated >$100k11110
Number of highly compensated contractors   0 
Personnel
Chen, Jiming
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personJIMING CHENJIMING CHENJIMING CHENJiming ChenJiming Chen
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Cummings, Desmond
TitleCHAIRMANCHAIRMANCHAIRMANChairmanChairman
Name of key/compensated personDESMOND DEREK CUMMINGSDESMOND DEREK CUMMINGSDESMOND DEREK CUMMINGSDesmond Derek CummingsDesmond Derek Cummings
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org10.0010.0010.0010.0030.00
Reportable compensation from org$109,803.00$105,923.00$103,671.00$104,487.00$70,513.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs40.0040.0040.0040.0030.00
Cummings, Mary
TitleSEC/TREASSEC/TREASSEC/TREASSec/TreasSec/Treas
Name of key/compensated personMARY LOU CUMMINGSMARY LOU CUMMINGSMARY LOU CUMMINGSMary Lou CummingsMary Lou Cummings
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4.004.004.004.004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Harrison, Donald
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personDONALD HARRISONDONALD HARRISONDONALD HARRISONDonald HarrisonDonald Harrison
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Lim, John
TitleDIRECTORDIRECTORDIRECTORDirector 
Name of key/compensated personJOHN LIMJOHN LIMJOHN LIMJohn Lim 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs 0.00 0.00 
Lim, Jon
Title    Director
Name of key/compensated person    Jon Lim
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Zwart, Cheryl
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personCHERYL ZWARTCHERYL ZWARTCHERYL ZWARTCheryl ZwartCheryl Zwart
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCREATION DEVELOPMENT FOUNDATION'S PURPOSE IS TO ESTABLISH AND MAINTAIN INSTITUTIONS THAT WILL PROVIDE FOR STUDENTS FROM THE INFANT AGE THROUGH TWELFTH GRADE AN EDUCATION DESIGNED AND COMMITTED TO PREPARING STUDENTS TO OBTAIN QUALIFICATIONS AND SKILLS FOR HIGHER LEARNING.CREATION DEVELOPMENT FOUNDATION'S PURPOSE IS TO ESTABLISH AND MAINTAIN INSTITUTIONS THAT WILL PROVIDE FOR STUDENTS FROM THE INFANT AGE THROUGH TWELFTH GRADE AN EDUCATION DESIGNED AND COMMITTED TO PREPARING STUDENTS TO OBTAIN QUALIFICATIONS AND SKILLS FOR HIGHER LEARNING.CREATION DEVELOPMENT FOUNDATION'S PURPOSE IS TO ESTABLISH AND MAINTAIN INSTITUTIONS THAT WILL PROVIDE FOR STUDENTS FROM THE INFANT AGE THROUGH TWELFTH GRADE AN EDUCATION DESIGNED AND COMMITTED TO PREPARING STUDENTS TO OBTAIN QUALIFICATIONS AND SKILLS FOR HIGHER LEARNING.Creation Development Foundations purpose is to establish and maintain institutions that will provide for students from the infant age through twelfth grade an education designed and committed to preparing students to obtain qualifications and skills for higher learning.Creation Development Foundations purpose is to establish and maintain institutions that will provide for students from the infant age through twelfth grade an education designed and committed to preparing students to obtain qualifications and skills for higher learning.
Program service expenses, total$1,534,474.00$1,241,947.00$1,148,629.00$486,755.00 
Programs, including revenue & expenses
CONTRIBUTIONS ARE UTILIZED TO FURTHER THE ORGANIZATION'S PRIMARY PURPOSE INCLUDING THE CONSTRUCTION AND IMPROVEMENT OF EDUCATIONAL BUILDINGS AND OTHER REAL ESTATE ASSETS AND THE MAINTENANCE OF THOSE FACILITIES. THE PRIMARY ACTIVITIES THE CHARITY'S FUNDS SUPPORT ARE IMPROVEMENT OF EARLY EDUCATION FACILITIES AND SCHOLARSHIPS FOR EARLY EDUCATION WITHIN THE FACILITIES.
Program expenses$1,534,474.00$1,241,947.00$1,148,629.00$486,755.00 
Program revenue$1,767,937.00$1,419,665.00$1,207,430.00$305,754.00 
Program descriptionCONTRIBUTIONS ARE UTILIZED TO FURTHER THE ORGANIZATION'S PRIMARY PURPOSE INCLUDING THE CONSTRUCTION AND IMPROVEMENT OF EDUCATIONAL BUILDINGS AND OTHER REAL ESTATE ASSETS AND THE MAINTENANCE OF THOSE FACILITIES. THE PRIMARY ACTIVITIES THE CHARITY'S FUNDS SUPPORT ARE IMPROVEMENT OF EARLY EDUCATION FACILITIES AND SCHOLARSHIPS FOR EARLY EDUCATION WITHIN THE FACILITIES.CONTRIBUTIONS ARE UTILIZED TO FURTHER THE ORGANIZATION'S PRIMARY PURPOSE INCLUDING THE CONSTRUCTION AND IMPROVEMENT OF EDUCATIONAL BUILDINGS AND OTHER REAL ESTATE ASSETS AND THE MAINTENANCE OF THOSE FACILITIES. THE PRIMARY ACTIVITIES THE CHARITY'S FUNDS SUPPORT ARE IMPROVEMENT OF EARLY EDUCATION FACILITIES AND SCHOLARSHIPS FOR EARLY EDUCATION WITHIN THE FACILITIES.CONTRIBUTIONS ARE UTILIZED TO FURTHER THE ORGANIZATION'S PRIMARY PURPOSE INCLUDING THE CONSTRUCTION AND IMPROVEMENT OF EDUCATIONAL BUILDINGS AND OTHER REAL ESTATE ASSETS AND THE MAINTENANCE OF THOSE FACILITIES. THE PRIMARY ACTIVITIES THE CHARITY'S FUNDS SUPPORT ARE IMPROVEMENT OF EARLY EDUCATION FACILITIES AND SCHOLARSHIPS FOR EARLY EDUCATION WITHIN THE FACILITIES.Contributions are utilized to further the organization's primary purpose including the construction and improvement of educational buildings and other real estate assets and the maintenance of those facilities. The primary activities the charity's funds support are improvement of early education facilities and scholarships for early education within the facilities. 
During 2012, efforts were focused on fundraising and finalizing the development of an early childhood education facility in order to begin providing early education services in August 2013.
Program description    During 2012, efforts were focused on fundraising and finalizing the development of an early childhood education facility in order to begin providing early education services in August 2013.
Financial data
Revenue
Total revenue$2,217,317.00$1,870,013.00$1,468,224.00$1,273,245.00$1,306,876.00
Revenue from contributions (total)$362,475.00$400,416.00$186,329.00$881,312.00$1,222,553.00
Revenue from noncash contributions   $39,653.00 
Investment income, current yr$12,763.00$12,914.00$9,221.00$6,778.00$65,748.00
Total revenue from grants, etc., current yr$362,475.00$400,416.00$186,329.00$881,312.00$1,222,553.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$74,142.00$37,018.00$65,244.00$79,401.00$18,575.00
Program service revenue (total)$1,767,937.00$1,419,665.00$1,207,430.00$305,754.00$0.00
Gross receipts$2,217,317.00$1,870,013.00$1,468,224.00$1,273,245.00$1,306,876.00
Sources of contributions
Contributions from related organizations   $30,000.00 
Revenue from all other contributions$362,475.00$400,416.00$186,329.00$851,312.00$1,222,553.00
Other types of revenue
Royalties (total)   $0.00$0.00
Miscellaneous revenue (total)$74,142.00$37,018.00$65,244.00$79,401.00$18,575.00
Net revenue from gaming (total)   $0.00$0.00
Income from dividends, interest, and similar investments$12,763.00$12,914.00$9,221.00$6,778.00$65,748.00
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events   $0.00$0.00
Net inventory sales (total)   $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$1,951,234.00$1,571,147.00$1,488,702.00$644,367.00$113,097.00
Total functional expenses: program service $1,534,474.00$1,241,947.00$1,148,629.00$486,755.00$0.00
Total functional expenses: management and general$414,229.00$324,769.00$337,726.00$141,045.00$67,859.00
Total functional expenses: fundraising$2,531.00$4,431.00$2,347.00$16,567.00$45,238.00
Fees for services
Lobbying fees (total)   $0.00$0.00
Legal fees (total)$13,582.00$5,917.00$6,856.00$4,697.00$21,073.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)   $0.00$0.00
Investment management fees (total)   $0.00$0.00
Assets and liabilities
Total assets$4,285,800.00$3,884,613.00$3,501,231.00$3,540,692.00$1,633,872.00
Total assets, beginning of year$3,884,613.00$3,501,231.00$3,540,692.00$1,633,872.00 
Total liabilities$1,918,672.00$1,783,568.00$1,699,052.00$1,718,035.00$440,093.00
Total liabilities, beginning of year$1,783,568.00$1,699,052.00$1,718,035.00$440,093.00 
Pledges & accounts receivable, net   $0.00$0.00
Loans & receivables from key persons$5,924.00$17,752.00$11,141.00$2,795.00$3,865.00
Unrestricted net assets, end of yr$2,367,128.00$2,101,045.00$1,802,179.00$1,822,657.00$1,193,779.00
Net assets$2,367,128.00$2,101,045.00$1,802,179.00$1,822,657.00$1,193,779.00
Net assets, beginning of year$2,101,045.00$1,802,179.00$1,822,657.00$1,193,779.00 
Intangible assets   $0.00$0.00
Other assets $299,908.00$70,913.00$0.00$0.00
Investments: other securities   $0.00$0.00
Investments: publicly traded securities   $0.00$0.00
Cash: non-interest bearing   $0.00$0.00
Investments -- program-related   $0.00$0.00
Inventories for sale or use   $0.00$0.00
Other financial variables
Revenue less expenses$266,083.00$298,866.00-$20,478.00$628,878.00$1,193,779.00
Advertising (total)$15,622.00$9,305.00$11,299.00$1,745.00$0.00
Savings & temp cash investment$614,088.00$408,485.00$210,098.00$206,375.00$1,236,612.00
Accounts receivable, net$21,270.00$24,533.00$15,750.00$96,000.00$391,249.00
Prepaid expenses & deferred charges  $34,932.00$0.00$0.00
Accounts payable & accrued expenses$113,507.00$101,858.00$17,342.00$25,825.00$440,093.00
Unsecured notes & loans to unrelated parties$119,460.00$81,710.00$81,710.00$92,210.00 
Secured mortgages and notes payable$1,685,705.00$1,600,000.00$1,600,000.00$1,600,000.00 
Total net assets or fund balances$2,367,128.00$2,101,045.00$1,802,179.00$1,822,657.00$1,193,779.00
Depreciation, depletion, amortization$123,817.00$113,401.00$100,365.00$41,573.00$406.00
Payment to affiliates   $0.00$0.00
Governance and accountability
Number of voting members66666
Number of independent voting members66666
Relationships among key personnelTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Business transaction with entity owner   TrueTrue
Grants to domestic org/gov't >$5k   True 
Org has controlled entityTrueTrueTrueTrue 
Org transacted with controlled entityTrueTrueTrueTrue 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
First filing    True
Amended return   True 
Date e-filing submitted2017-10-262017-03-072015-07-282014-10-292013-07-12
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.0
Filing identifier201702169349300110201603199349309770201521949349300987201402609349300310201321549349300622
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