CREATIVE TIME INC

EIN: 132835847 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,976,047
Total Expenses
$2,883,952
Total Assets
$3,362,836
Net Assets
$3,321,240
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
JON NEIDICH
Phone
2122066674
Tax Period
2024-01-01 to 2024-12-31

CREATIVE TIME INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 46% operating deficit.

Mission

CREATIVE TIME COMMISSIONS, PRODUCES AND PRESENTS TEMPORARY PUBLIC ARTS PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $2,077,702

R&D FELLOWSHIP THE CREATIVE TIME R&D (RESEARCH & DEVELOPMENT) FELLOWSHIP, IS A PROGRAM DESIGNED TO SUPPORT INTERDISCIPLINARY RESEARCH AND DEVELOPMENT OF PROJECTS FROM FIVE ESTABLISHED ARTISTS WITH A...

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R&D FELLOWSHIP THE CREATIVE TIME R&D (RESEARCH & DEVELOPMENT) FELLOWSHIP, IS A PROGRAM DESIGNED TO SUPPORT INTERDISCIPLINARY RESEARCH AND DEVELOPMENT OF PROJECTS FROM FIVE ESTABLISHED ARTISTS WITH A TRACK RECORD IN SOCIALLY ENGAGED ART. THE PROGRAM ACTS AS A CATALYST FOR AN ARTIST WITH A WELL-DEFINED CONCEPT, PERHAPS ALREADY UNDERWAY, AND CONNECTS THEM TO AN INTERDISCIPLINARY NETWORK OF COLLABORATORS AND ADVISERS TO DEVELOP THEIR WORK IN THE PUBLIC REALM AT A MEANINGFUL DEPTH OR SCALE. CREATIVE TIME PROVIDES ACCESS TO AN INTERDISCIPLINARY GROUP OF ADVISORS RELEVANT TO EACH PROPOSED PROJECT TO SUPPORT PROJECT RESEARCH AND INITIATE COLLABORATIONS. THE R&D FELLOWSHIP IS FACILITATED BY CREATIVE TIME'S CURATOR R&D FELLOWSHIP. THE CREATIVE TIME R&D (RESEARCH & DEVELOPMENT) FELLOWSHIP, IS A PROGRAM DESIGNED TO SUPPORT INTERDISCIPLINARY RESEARCH AND DEVELOPMENT OF PROJECTS FROM FIVE ESTABLISHED ARTISTS WITH A TRACK RECORD IN SOCIALLY ENGAGED ART. THE PROGRAM ACTS AS A CATALYST FOR AN ARTIST WITH A WELL-DEFINED CONCEPT, PERHAPS ALREADY UNDERWAY, AND CONNECTS THEM TO AN INTERDISCIPLINARY NETWORK OF COLLABORATORS AND ADVISERS TO DEVELOP THEIR WORK IN THE PUBLIC REALM AT A MEANINGFUL DEPTH OR SCALE. CREATIVE TIME PROVIDES ACCESS TO AN INTERDISCIPLINARY GROUP OF ADVISORS RELEVANT TO EACH PROPOSED PROJECT TO SUPPORT PROJECT RESEARCH AND INITIATE COLLABORATIONS. THE R&D FELLOWSHIP IS FACILITATED BY CREATIVE TIME'S CURATOR. COSMOLOGYSCAPE COSMOLOGYSCAPE IS A COLLABORATIVE PROJECT ROOTED IN BLACK AND INDIGENOUS TRADITION, INVITING THE PUBLIC TO CONSIDER WHAT OUR DREAMS COULD SIGNIFY ABOUT OUR FUTURE, IF WE COULD ONLY DECODE THEM. MANY OF US UNDERSTAND DREAMING TO BE AN IMPORTANT TOOL IN SELF-AWARENESS, A GLIMPSE AT OUR SUBCONSCIOUS, BUT DREAMING IS ALSO A COLLECTIVE ACT: TO DREAM IS TO PRACTICE FOR A BETTER FUTURE THAN THE REALITY WE PRESENTLY LIVE WITHIN. OGLLA LAKTA ARTIST AND ACADEMIC DR. SUZANNE KITE AND AFRO-FUTURIST ARTIST ALISHA WORMSLEY'S COSMOLOGYSCAPE WILL ENCOURAGE AND FACILITATE PUBLIC DREAMING THROUGH AN ARTIST-DESIGNED AI DREAM JOURNAL AND CHATBOT. THE DREAM APP INVITED THE PUBLIC TO FOLLOW DIFFERENT DREAM PATHS, SUCH AS A GUIDED MEDITATION OR SOUND BATH, INTENDED TO FACILITATE DREAMING AND REST. BOOKENDED BY PUBLIC ART ACTIVATIONS ON THE SUMMER SOLSTICE AND FALL EQUINOX, COSMOLOGYSCAPE WAS A TEMPORARY PLATFORM DESIGNED TO ENGAGE THE PUBLIC IN THE PROCESS OF BUILDING THE FUTURE THROUGH DREAMS. CTHQ CTHQ IS A GATHERING SPACE SUPPORTING ARTISTS WORKING AT THE INTERSECTION OF ART AND POLITICS AS THEY CONTINUE TO PLOT, ORCHESTRATE, AND RECHARGE FROM CULTURAL, POLITICAL AND SOCIAL ORGANIZING WORK. THE SPACE IS ROOTED IN THE LEGACY OF ART AND ACTIVISM, IN THE REBELLIOUSNESS OF ARTIST-ORGANIZERS IN THE LOWER EAST SIDE SUCH AS SELF-ORGANIZED NEIGHBORHOOD ART, HEALTH AND EDUCATION CENTERS, EXPERIMENTAL THEATER, PROTEST COLLECTIVES, AND COMMUNITY-OWNED HOUSING, CULTURAL AND GREENSPACES, TO CLAIM AND SHAPE SPACE FOR ARTISTIC AND POLITICAL PRODUCTION. ADDITIONALLY, CTHQ SITS WITHIN CREATIVE TIME'S HISTORIC AND ONGOING WORK TO GATHER ARTISTS TO SHARE TACTICS FOR POLITICAL CHANGE MOST NOTABLY THROUGH THE CREATIVE TIME SUMMIT, CREATIVE TIME REPORTS, AND ITS GLOBAL FELLOWSHIP. GROWING WITHIN A LINEAGE OF VISIONARY AND TRANSGRESSIVE CREATIVE MOMENTS, CTHQ SERVES AS A HUB FOR TODAY AND TOMORROW'S COMMUNITY OF SOCIALLY ENGAGED AND POLITICALLY ORIENTED ARTISTS IN THE NEIGHBORHOOD, CITYWIDE, ACROSS THE COUNTRY, AND AROUND THE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,261,438
Program Service Revenue $0
Investment Income $64,247
Other Revenue $-349,638
TOTAL REVENUE $1,976,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,270,634
Fundraising Expenses $388,784
Program Expenses $2,077,702
Other Expenses $1,613,318
TOTAL EXPENSES $2,883,952

Year-over-Year Comparison

2024 2023 Change
Revenue $1,976,047 $3,916,169 -0.5%
Expenses $2,883,952 $3,081,430 -0.1%
Net Income $-907,905 $834,739 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
19
Volunteers
28

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$255,847
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON NEIDICH BOARD CHAIR 5.00
Officer Director
$0 $0 $0
ERIC RICHTER TREASURER 4.00
Officer Director
$0 $0 $0
FRANCESCA CAMPBELL BOARD MEMBER 4.00
Director
$0 $0 $0
PHILIP AARONS FORMER BOARD MEMBER 3.00
Director
$0 $0 $0
WARIS AHLUWALIA BOARD MEMBER 3.00
Director
$0 $0 $0
TAJA CHEEK BOARD MEMBER 3.00
Director
$0 $0 $0
SUZANNE COCHRAN BOARD MEMBER 3.00
Director
$0 $0 $0
SOFIA HERNANDEZ CHONG CUY BOARD MEMBER 3.00
Director
$0 $0 $0
MARIE DOUGLAS BOARD MEMBER 3.00
Director
$0 $0 $0
DANA FAROUKI BOARD MEMBER 3.00
Director
$0 $0 $0
CRISTINA GRAJALES BOARD MEMBER 3.00
Director
$0 $0 $0
PABLO HELGUERA BOARD MEMBER 3.00
Director
$0 $0 $0
STEPHANIE INGRASSIA FORMER BOARD MEMBER 3.00
Director
$0 $0 $0
STEPHEN KRAMARSKY BOARD MEMBER 3.00
Director
$0 $0 $0
SARAH LEWIS BOARD MEMBER 3.00
Director
$0 $0 $0
PATRICK LI BOARD MEMBER 3.00
Director
$0 $0 $0
VIK MUNIZ BOARD MEMBER 3.00
Director
$0 $0 $0
SHIRIN NESHAT BOARD MEMBER 3.00
Director
$0 $0 $0
TREVOR PAGLEN BOARD MEMBER 3.00
Director
$0 $0 $0
BETTINA PRENTICE BOARD MEMBER 3.00
Director
$0 $0 $0
CAROLYN RAMO BOARD MEMBER 3.00
Director
$0 $0 $0
PEDRO REYES BOARD MEMBER 3.00
Director
$0 $0 $0
RENEE ROCKEFELLER BOARD MEMBER 3.00
Director
$0 $0 $0
JED WALENTAS BOARD MEMBER 3.00
Director
$0 $0 $0
MARGARET WANG BOARD MEMBER 3.00
Director
$0 $0 $0
ANNA-MARIE WASCHER BOARD MEMBER 3.00
Director
$0 $0 $0
WILLIAM RICHMOND WATSON BOARD MEMBER 3.00
Director
$0 $0 $0
AMANDA WEIL BOARD MEMBER 3.00
Director
$0 $0 $0
LILY JOHNSON WHITE BOARD MEMBER 3.00
Director
$0 $0 $0
KATE YOUNG BOARD MEMBER 3.00
Director
$0 $0 $0
JUSTINE LUDWIG EXECUTIVE DIRECTOR 40.00
Officer
$243,215 $12,632 $255,847
AMBER SASSE HEAD OF DEVELOPMENT 40.00
Highest
$105,000 $10,174 $115,174
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,976,047 $2,883,952 $3,362,836 $-907,905
2023 $3,916,169 $3,081,430 $4,373,702 $834,739
2022 $6,772,610 $5,081,194 $3,995,835 $1,691,416
2021 $3,167,795 $2,923,233 $1,836,425 $244,562
2020 $1,864,679 $1,659,975 $1,552,112 $204,704
2019 $1,670,516 $1,934,056 $1,301,626 $-263,540
2018 $1,965,710 $2,360,131 $1,571,753 $-394,421
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