Cherished Creations INC EIN 22-3460913 Form 990 (PDF) Claim this org

Cherished Creations INC

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Helps seriously ill children and their families navigate difficult times. For fiscal year 2024 it reported $235K in revenue, $167K in expenses, and $499K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Berkeley Hts, NJ
Filings
5 on file (2020–2024)
Revenue
$235KFY2024
Expenses
$167K
Net assets
$499K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-3460913 Public foundation / grantmaker Berkeley Hts, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps seriously ill children and their families navigate difficult times.
Leadership
Anthony Grande · Trustee
Money in and out
$235K revenue, $167K expenses
Bottom line
83% program efficiency
Grants paid & assets · FY2024
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $68K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
35.2mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▼ -41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$235K
FY2024▼ -4%
Expenses
$167K
FY2024▲ +35%
Total assets
$504K
FY2024▲ +15%
Total liabilities
$5K
FY2024▼ -14%
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$504K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCherished Creations INC
EINHdr · item D22-3460913
Principal addressHdr · item CBerkeley Hts, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFFeb 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Executive Director
$0Pt VII · Sec A
President/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $139K of program spending, described in the organization's own filed words · FY2024.
01

Donating cash, trips, computers and any other wish requests seriously ill children have provided to us

$139Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants132%$311K
Investment income$14
Total revenueLn 12$235K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$139K
Management & general17%$28K
Total functional expensesLn 25$167K

Balance Sheet

Part X · end of year
CashLn 1$483K
Total assetsLn 16$504K
Total liabilitiesLn 26$5K
Total net assetsLn 32$499K
Months of cash on handcomputed34.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $491K · Operating expenses/yr $167K
35.2 months
Where the money goes
Program services
Program services $139K · Total expenses $167K
83%
Management & General
Management & general $28K · Total expenses $167K
17%
Fundraising
Fundraising $0 · Total expenses $167K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $275K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $311K · Total revenue $235K
132%
Government reliance
Government grants — · Total revenue $235K
Earned-income share
Program service revenue $0 · Total revenue $235K
0%
Investment reliance
Investment income $14 · Total revenue $235K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $167K
0%
Growth & trend
Revenue growth (YoY)
This year $235K · Prior year $244K
-4%
Revenue CAGR
FY2020 $157K · FY2024 $235K
+11%
Net-asset trend (YoY)
End of year $499K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $235K · Expenses $167K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $504K
Net-asset ratio
Net assets $499K · Total assets $504K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $504K
2%
People & payroll
Highest Reported Total Compensation
Individual Anthony Grande · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $167K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $35K · Total expenses $167K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth -4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$235K revenue · viewing · ⤓ 990 PDF
FY2023$244K revenue · ⤓ 990 PDF
FY2022$172K revenue · ⤓ 990 PDF
FY2021$175K revenue · ⤓ 990 PDF
FY2020$157K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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