Nonprofit · EIN 23-7248582
CREATE FOUNDATION INC
Tax-exempt · TUPELO, MS 38802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $23,645,992 | $24,244,940 | -$598,948 | $199,798,321 | $0 | $199,798,321 |
| December 31, 2024 | 990 | $26,192,583 | $22,369,025 | $3,823,558 | $181,615,605 | $0 | $181,615,605 |
| December 31, 2023 | 990 | $22,231,092 | $14,512,145 | $7,718,947 | $167,121,440 | $0 | $167,121,440 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $17,961,104
- of which government grants
- $551,673
- Program service revenue
- $28,285
- Investment income
- $5,654,803
- Net rental income
- $1,800
- Other revenue
- $1,800
Expenses
- Grants and similar amounts paid
- $19,934,838
- Compensation of officers, directors and key employees
- $442,296
- Other salaries and wages
- $701,347
- Salaries, compensation and benefits (total)
- $1,390,366
- Professional fundraising fees
- $0
- Accounting fees
- $24,284
- Occupancy
- $2,321,663
- Travel
- $26,375
- Depreciation
- $59,525
- Program services (functional)
- $21,926,670
- Management and general (functional)
- $1,401,402
- Fundraising (functional)
- $916,868
Balance sheet and other
- Total assets, start of year
- $181,615,605
- Total assets, end of year
- $199,798,321
- Total liabilities, end of year
- $0
- Net assets, end of year
- $199,798,321
- Land, buildings and equipment
- $2,857,252
- Publicly traded securities
- $165,419,413
- Net assets without donor restrictions
- $10,297,884
- Net assets with donor restrictions
- $189,500,437
- Gross receipts
- $24,645,992
- Employees
- 10
- Year formed
- 1972
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL K CLAYBORNE | PRESIDENT Officer | 40 | $299,295 | $0 |
| EDDIE BLAKELEY | DIRECTOR Trustee or director | 1 | $0 | $147,519 |
| JUANITA FLOYD | SENIOR V.P. Officer | 40 | $143,000 | $0 |
| KRISTY LUSE | VP - TOYOTA Highest-paid employee | 40 | $129,247 | $0 |
| MATT BOGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY CHILDS | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BO COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL FAULKNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA HAWKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANNIE HEDIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAY HOMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK REED JR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KIRK LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY LONG | CHAIR Trustee or director, Officer | 1 | $0 |
| ROBIN MCCORMICK | DIRECTOR Trustee or director | 1 | $0 |
| LUKE MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 |
| MILLETTE NABORS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID RUMBARGER | TREASURER Trustee or director, Officer | 1 | $0 |
| DR DAVID SHAW | DIRECTOR Trustee or director | 1 | $0 |
| KYLE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| ORMA SMITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| SHANE SPEES | DIRECTOR Trustee or director | 1 | $0 |
| BILLYE JEAN STROUD | DIRECTOR Trustee or director | 1 | $0 |
| MARK TAPP | DIRECTOR Trustee or director | 1 | $0 |
| LEE TUCKER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 30 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL K CLAYBORNE | PRESIDENT Officer | 40 | $275,994 | $0 |
| WILLIAM BRONSON | DIRECTOR Trustee or director | 1 | $0 | $224,136 |
| JUANITA FLOYD | SENIOR V.P. Officer | 40 | $129,661 | $0 |
| KRISTY LUSE | VP - TOYOTA Highest-paid employee | 40 | $124,610 | $0 |
| MATT BOGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON BROOKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY CHILDS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GRACE CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BO COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL FAULKNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA HAWKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANNIE HEDIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK REED JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY KIRK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRK LEWIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RANDY LONG | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN MCCORMICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUKE MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKY ROLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID RUMBARGER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR DAVID SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ORMA SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANE SPEES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILLYE JEAN STROUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBYN TANNEHILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK TAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE TUCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCH WAYCASTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL K CLAYBORNE | PRESIDENT Officer | 40 | $258,828 | $0 |
| WILLIAM BRONSON | DIRECTOR Trustee or director | 1 | $0 | $227,766 |
| KRISTY LUSE | VP - TOYOTA Highest-paid employee | 40 | $123,527 | $0 |
| JUANITA FLOYD | SENIOR V.P. Officer | 40 | $119,057 | $0 |
| MATT BOGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON BROOKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY CHILDS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GRACE CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BO COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL FAULKNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA HAWKINS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TIFFANNIE HEDIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK REED JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY KIRK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRK LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY LONG | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN MCCORMICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUKE MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKY ROLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID RUMBARGER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR DAVID SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ORMA SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANE SPEES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILLYE JEAN STROUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBYN TANNEHILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK TAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE TUCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCH WAYCASTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1053, TUPELO, MS 38802-1053
- Principal officer (990 for 2025)
- MICHAEL K CLAYBORNE
- Signed the 990
- JUANITA FLOYD, SENIOR V.P. FINANCE
- Phone
- (662) 844-8989
- Website
- CREATEFOUNDATION.COM
- Return prepared by
- NAIL MCKINNEY PROFESSIONAL ASSOCIATION
Mission
NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.
Program accomplishments
- CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS AS WELL AS BUILDING PERMANENT COMMUNITY ENDOWMENTS, ENCOURAGING PHILANTHROPY AND MANAGING CHARITABLE FUNDS CONTRIBUTED BY INDIVIDUALS, FAMILIES, ORGANIZATIONS, AND CORPORATIONS, SERVES TO STRENTHEN REGIONAL COMMUNITY DEVELOPMENT CAPACITY, AND PROVIDES LEADERSHIP ON KEY COMMUNITY ISSUES.Expenses $21,926,670 · grants $19,934,838 · revenue $28,285
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7248582
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $199,798,321
- Income (IRS master file)
- $24,645,992
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $23,645,992 | $24,244,940 | $199,798,321 | XML |
| 990 | December 2024 | $26,192,583 | $22,369,025 | $181,615,605 | XML |
| 990 | December 2023 | $22,231,092 | $14,512,145 | $167,121,440 | XML |
| 990 | December 2022 | $17,703,695 | $14,742,729 | $145,002,531 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7248582).
Questions about CREATE FOUNDATION INC
- What is the EIN of CREATE FOUNDATION INC?
- The employer identification number (EIN) of CREATE FOUNDATION INC is 23-7248582.
- Is CREATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to CREATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CREATE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREATE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CREATE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names MICHAEL K CLAYBORNE.
- Who are the officers and directors of CREATE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 27 people; 3 received compensation from the organization, the highest $299,295 (MICHAEL K CLAYBORNE, PRESIDENT).
- How much revenue does CREATE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $23,645,992, expenses of $24,244,940 and total assets of $199,798,321 at year end.
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