INSTITUTE FOR THE CREATIVE ARTS

EIN: 990970070 501(c)(3) Education

FORT SMITH, AR

Total Revenue
$1,242,193
Total Expenses
$1,261,270
Total Assets
$809,844
Net Assets
$577,660
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
AR
Principal Officer
DR DAVID TYSON
Phone
4794342020
Tax Period
2024-07-01 to 2025-06-30

INSTITUTE FOR THE CREATIVE ARTS, founded in 2024, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE A RIGOROUS ARTS AND ACADEMIC CURRICULUM THAT PREPARES HIGH SCHOOLERS FOR A CAREER IN A CREATIVE FIELD. IT IS AN IMMERSIVE ARTS SCHOOL-CHARTER SCHOOL FUNDED BY THE STATE. FREE TO THE PUBLIC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,187,075
Program Service Revenue $45,302
Investment Income $0
Other Revenue $9,816
TOTAL REVENUE $1,242,193

Expense Breakdown

Grants Paid $0
Salaries & Benefits $877,422
Fundraising Expenses $1,644
Program Expenses $983,902
Other Expenses $383,848
TOTAL EXPENSES $1,261,270

Year-over-Year Comparison

2024 2023 Change
Revenue $1,242,193 N/A N/A
Expenses $1,261,270 N/A N/A
Net Income $-19,077 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
24
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DAVID TYSON OFFICER 0.00
Officer
$0 $0 $0
NORMA ROWLAND OFFICER 0.00
Officer
$0 $0 $0
WAYNE KING OFFICER 0.00
Officer
$0 $0 $0
CHAD HULL OFFICER 0.00
Officer
$0 $0 $0
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
2025 $1,242,193 $1,261,270 $809,844 $-19,077
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