2024-02-05T11:57:19-05:00 2023-06-30 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2022-07-01 275003133 CENTER FOR CREATIVE ECONOMY CENT 3365801037 5212 CEDARWOOD CREEK DRIVE WINSTONSALEM NC 27104 ROBERTS BASS TREASURER 3365801037 2024-01-25 true ROBERTS BASS 999009999 false JANE R POTTER P01057495 3367682310 2024-01-25 2022 2023-04-26 12:10:37Z MARGARET COLLINS 5212 CEDARWOOD CREEK DRIVE WINSTONSALEM NC 27104 255848 false X CCETRIAD.COM X 2011 NC TO LAUNCH, GROW, AND ACCELERATE CREATIVE ENTREPRENEURS AND BUSINESS OWNERS. OUR VISION FOR CENTER FOR CREATIVE ECONOMY IS TO BE KNOWN AS A PREMIER ECONOMIC DEVELOPMENT ORGANIZATION THAT IS BUILDING THE CREATIVE ECONOMY AND CREATIVE COMMUNITY IN WINSTON-SALEM, THE TRIAD, NORTH CAROLINA, AND THE SOUTHEAST REGION. 16 15 5 85 0 257871 237576 8615 15991 1439 2281 -17978 0 249947 255848 0 0 184072 214909 0 28378 95389 97119 279461 312028 -29514 -56180 203616 146370 88700 87634 114916 58736 X TO LAUNCH, GROW, AND ACCELERATE CREATIVE ENTREPRENEURS AND BUSINESS OWNERS. OUR VISION FOR THE COMMUNITY: - CREATIVES WILL SEEK OUT AND SET UP BUSINESSES IN WINSTON-SALEM - THE CITY IS KNOWN AS AN IDEAL PLACE FOR CREATIVES TO BOTH LEARN ARTISTIC SKILLS AND SET UP CREATIVE ENTERPRISES - WINSTON-SALEM IS AN IMPORTANT HUB AND MARKET FOR CREATIVE BUSINESS. OUR VISION FOR CENTER FOR CREATIVE ECONOMY: -TO BE KNOWN AS A PREMIER ECONOMIC DEVELOPMENT ORGANIZATION THAT IS BUILDING THE CREATIVE ECONOMY AND CREATIVE COMMUNITY IN WINSTON-SALEM, THE TRIAD, NORTH CAROLINA, AND THE SOUTHEAST REGION. false false 146658 11843 IN 2022 THE CENTER FOR CREATIVE ECONOMY HOSTED THE VELOCITY ACCELERATOR FOR CREATIVE BUSINESSES. THIS IS THE SEVENTH CONSECUTIVE YEAR OF HOSTING A BUSINESS ACCELERATOR; AND THE FOURTH UNDER THE REBRANDED NAME OF VELOCITY. THE ORGANIZATION MARKETS TO CREATIVE BUSINESSES IN NC, AND NATIONALLY. THE VELOCITY BUSINESS ACCELERATOR HELPS ENTREPRENEURS DEVELOP VIABLE BUSINESSES ROOTED IN CREATIVITY. THIS 10-WEEK, COHORT-BASED PROGRAM INCLUDES A ROBUST CURRICULUM (WITH IN-PERSON AND REMOTE OPTIONS), SKILLED FACILITATORS, AND A CUSTOMIZED MENTOR TEAM OF SUBJECT MATTER EXPERTS FROM EVERY BUSINESS DISCIPLINE. PARTICIPANTS MASTER BUSINESS BASICS, SOLIDIFY THEIR POSITIONING, AND REFINE THEIR PITCH. THE PROGRAM CULMINATES IN VELOCITY WEEK WHERE ALL PARTICIPANTS COME TO WINSTON-SALEM, NC FOR AN IMMERSIVE IN-PERSON EXPERIENCE OF WORKSHOPS AND IN-PERSON MENTORING. VELOCITY WEEK CONCLUDES WITH A PUBLIC DEMO DAY OPEN TO THE COMMUNITY, AND A PITCH COMPETITION IN WHICH THREE COMPANIES ARE CHOSEN TO SPLIT 50,000 IN SEED STAGE INVESTMENT. 37982 948 IN 2022 CCE CONTINUED THE MONTHLY MOMENTUM PROGRAM. THIS MARKED THE SEVENTH CONSECUTIVE YEAR FOR THE PROGRAM WHICH IS A HUB FOR CREATIVES IN WINSTON-SALEM AND THE TRIAD. THE PROGRAM IS ORGANIZED WITH 4-6 EVENTS PER YEAR FEATURING SPEAKERS FOCUSED ON HELPING CREATIVES GROW THEIR BUSINESSES. THE PROGRAM IS MEMBERSHIP FEE BASED WHICH INCLUDES A LUNCH OR AN EVENING RECEPTION. EVENTS ARE OFFERED IN HYBRID FORMAT, BOTH VIRTUALLY AND IN PERSON. 41743 3200 IN 2022, CCE HOSTED KINETIC, A 6-WEEK, COHORT-BASED PROGRAM THAT HELPS ASPIRING ENTREPRENEURS WORKSHOP THEIR EARLY-STAGE CREATIVE BUSINESS IDEAS AND EXPLORE THEIR CUSTOMER BASE. WEEKLY CURRICULUM (WITH IN-PERSON AND REMOTE OPTIONS) IS TAUGHT BY A TEAM OF SUBJECT MATTER EXPERTS WHO MENTOR AND COUNSEL FOUNDERS. KINETIC GRADUATES HAVE SUCCESSFULLY LAUNCHED THEIR STARTUPS, EARNED SPOTS IN BUSINESS ACCELERATORS, AND SECURED GRANTS. HISTORICALLY, CCE HAS SERVED MOSTLY WOMEN AND PEOPLE OF COLOR DESIRING TO START AND RUN A BUSINESS. KINETIC INTENTIONALLY FOCUSES ON THIS DEMOGRAPHIC AS WE BUILD AND GROW THE PROGRAM. 226383 true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 11 0 true 5 true false false false false false false false false false false false false X 16 15 false false false false false false false true false false false true true true true false false false true false NC X MARGARET COLLINS 3365801037 500 W FIFTH ST SUITE 800 WINSTONSALEM NC 27101 MARGARET COLLINS EXECUTIVE DI 40.00 X X 75000 0 3491 BILL KNOWLES MEMBER 1.00 X 0 0 0 LEE THOMPSON MEMBER 1.00 X 0 0 0 SHUYI MO MEMBER 1.00 X 0 0 0 DARYL SHAW MEMBER 1.00 X 0 0 0 ALISE RAAK MEMBER 1.00 X 0 0 0 BONNIE BOWEN MEMBER 1.00 X 0 0 0 HAYDEN HOLLIMAN MEMBER 1.00 X 0 0 0 RICK LEANDER MEMBER 1.00 X 0 0 0 DAWN BOOKER BEG DECEMBER MEMBER 1.00 X 0 0 0 JAY TURNER BEG DECEMBER MEMBER 1.00 X 0 0 0 FREDERICK VAUGHAN BEG DECEMBER MEMBER 1.00 X 0 0 0 ALAN COX END SEPTEMBER MEMBER 1.00 X 0 0 0 ANTHONY ABNEY END SEPTEMBER MEMBER 1.00 X 0 0 0 CHRIS JONES CHAIR 1.00 X X 0 0 0 MICHAEL FULKS VICE CHAIR 1.00 X X 0 0 0 ROBERTS BASS BEG DECEMBER TREASURER 1.00 X X 0 0 0 JULIA TOWNSEND SECRETARY 1.00 X X 0 0 0 75000 3491 false false false 50000 187576 237576 PROGRAM REVENUE 900099 15991 15991 15991 2281 2281 255848 15991 2281 81254 63567 13166 4521 115553 90888 18499 6166 4200 2940 840 420 13902 9731 4171 3350 3350 150 150 17315 15735 1580 10936 4369 3520 3047 9226 4613 4613 18121 16963 888 270 3418 2051 1367 GENERAL FUNDRAISING 13596 13596 PROGRAM EXPENSE 11408 11408 MISCELLANEOUS 7810 3581 4229 MEMBERSHIP DUES 1789 537 894 358 312028 226383 57267 28378 189078 131520 14538 14850 203616 146370 88700 87634 88700 87634 X 114916 46236 12500 114916 58736 203616 146370 -56180 X true X false false false X 90860 227119 272248 257871 237576 1085674 90860 227119 272248 257871 237576 1085674 291645 794029 2698 2625 1192 1439 2281 10235 330 3952 4282 1100191 225904 0.72170 0.76650 X PART II, LINE 10 FUNDRAISING REVENUE 4,282 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X SCHEDULE D, PAGE 3, PART X CCE IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSES. CCE'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSES. IT IS THE OPINION OF MANAGEMENT THAT CCE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. CCE IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. CCE IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR GROSS UNRELATED BUSINESS INCOME EXCEEDS 1,000. CCE'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. FORM 990 - ORGANIZATION'S MISSION TO LAUNCH, GROW, AND ACCELERATE CREATIVE ENTREPRENEURS AND BUSINESS OWNERS. OUR VISION FOR THE COMMUNITY: - CREATIVES WILL SEEK OUT AND SET UP BUSINESSES IN WINSTON-SALEM - THE CITY IS KNOWN AS AN IDEAL PLACE FOR CREATIVES TO BOTH LEARN ARTISTIC SKILLS AND SET UP CREATIVE ENTERPRISES - WINSTON-SALEM IS AN IMPORTANT HUB AND MARKET FOR CREATIVE BUSINESS. OUR VISION FOR CENTER FOR CREATIVE ECONOMY: -TO BE KNOWN AS A PREMIER ECONOMIC DEVELOPMENT ORGANIZATION THAT IS BUILDING THE CREATIVE ECONOMY AND CREATIVE COMMUNITY IN WINSTON-SALEM, THE TRIAD, NORTH CAROLINA, AND THE SOUTHEAST REGION. FORM 990, PAGE 2, PART III, LINE 4A IN 2022 THE CENTER FOR CREATIVE ECONOMY HOSTED THE VELOCITY ACCELERATOR FOR CREATIVE BUSINESSES. THIS IS THE SEVENTH CONSECUTIVE YEAR OF HOSTING A BUSINESS ACCELERATOR; AND THE FOURTH UNDER THE REBRANDED NAME OF VELOCITY. THE ORGANIZATION MARKETS TO CREATIVE BUSINESSES IN NC, AND NATIONALLY. THE VELOCITY BUSINESS ACCELERATOR HELPS ENTREPRENEURS DEVELOP VIABLE BUSINESSES ROOTED IN CREATIVITY. THIS 10-WEEK, COHORT-BASED PROGRAM INCLUDES A ROBUST CURRICULUM (WITH IN-PERSON AND REMOTE OPTIONS), SKILLED FACILITATORS, AND A CUSTOMIZED MENTOR TEAM OF SUBJECT MATTER EXPERTS FROM EVERY BUSINESS DISCIPLINE. PARTICIPANTS MASTER BUSINESS BASICS, SOLIDIFY THEIR POSITIONING, AND REFINE THEIR PITCH. THE PROGRAM CULMINATES IN VELOCITY WEEK WHERE ALL PARTICIPANTS COME TO WINSTON-SALEM, NC FOR AN IMMERSIVE IN-PERSON EXPERIENCE OF WORKSHOPS AND IN-PERSON MENTORING. VELOCITY WEEK CONCLUDES WITH A PUBLIC DEMO DAY OPEN TO THE COMMUNITY, AND A PITCH COMPETITION IN WHICH THREE COMPANIES ARE CHOSEN TO SPLIT 50,000 IN SEED STAGE INVESTMENT. FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR BEFORE IT IS FILED. THE BOARD AS A WHOLE DOES NOT REVIEW THE 990 BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS SIGN A WRITTEN FORM WHEN THEY JOIN THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15B BOARD VOTES ON AND APPROVES BUDGET ANNUALLY, WHICH INCLUDES ANNUAL COMPENSATION AMOUNT FOR THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION FILES GOVERNING DOCUMENTS, PROGRAM DESCRIPTIONS AND FINANCIAL INFORMATION WITH THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE ON AN ANNUAL BASIS. ALL OF THE AFOREMENTIONED INFORMATION CAN BE ACCESSED BY THE PUBLIC AT THE NC SECRETARY OF STATE WEBSITE.