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Christermon Foundation FY2022 filing

Tax-deductible

Lake Forest, CA501(c)(3)EducationEIN 33-0262226Revenue $747K in FY2022

On file with the IRSchristermon.com9 Orchard Ste 100, 92630-8317 · Lake Forest, CATax-exempt since Jul 1992Publicly supported — 509(a)(2)

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Awarding educational scholarships.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $15K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
−$24K
-1% of total assets
Looks good: liabilities are -1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$747K
+11% vs prior year
Spent
$692K
To programs
77%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$747K
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$215K
FY2021$671K
FY2022$747K
FY2023$672K
FY2024$612K
Expenses
$692K
FY2022▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$418K
FY2021$461K
FY2022$692K
FY2023$628K
FY2024$642K
Net assets
$2.0M
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.1M
FY2024$2.2M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $530K Management & general 14% · $95K Fundraising 10% · $66K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
Phil Markert
Director
$0Pt VII · Sec A
Mike Ross
Director
$0Pt VII · Sec A
Cheri Hoffer
Director
$0Pt VII · Sec A
Dick Williams
Director (retired)
$0Pt VII · Sec A
Rob Fortin
Director
$0Pt VII · Sec A
Bob Thompson
Director
$0Pt VII · Sec A
Jon Scriven
Director
$0Pt VII · Sec A
Andy Goodman
Director
$0Pt VII · Sec A
See Christermon Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to help students achieve their educational goals.

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Provided by the organization

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1 program · $530K · in their own filed words · FY2022
01

Scholarships are awarded to students entering a 4 year college or university that have a parent, grandparent or legal guardian affiliated with the california beverage alcohol industry.

$530Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Fidelity Investments Charitable Gift FundFY2023$36K
Total grants receivedfrom 1 funder$36K
Grants paid · 6 grants · $1.4M · 2020–2024
Unitemized GrantFY2024$271,955
Unitemized GrantFY2023$246,000
Unitemized GrantFY2023$22,500
Unitemized GrantFY2022$333,000
Unitemized GrantFY2021$257,227
Unitemized GrantFY2020$219,348

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$747K
Ln 12
Gifts and grantsLn 1h$665K
Investment incomeLn 3$53K
Other incomeLn 4–11$29K
Money outPt IX
$692K
Ln 25
Programscol B$530K
Managementcol C$95K
Fundraisingcol D$66K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$1.9M
LiabilitiesLn 26−$24K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$665K
Fundraising eventsLn 1c$454K
Investment incomeLn 3$53K
Other incomeLn 4–11$29K
Gains on assetsLn 7$19K
Total revenueLn 12$747K
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$217K
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$6K
Total assetsLn 16$1.9M
LiabilitiesLn 26−$24K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$343K$217K
InvestmentsLn 11–13$1.8M$1.6M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.2M$1.9M
LiabilitiesLn 26$5K−$24K
Net assetsLn 32$2.2M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$335K$335K
Other salaries and wagesLn 7$89K$71K$9K$9K
Other employee benefitsLn 9$8K$7K$847$847
Payroll taxesLn 10$5K$4K$531$531
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$1K$519$260$260
Office expensesLn 13$7K$3K$2K$2K
Information technologyLn 14$4K$2K$1K$1K
OccupancyLn 16$35K$17K$9K$9K
Conferences, conventions and meetingsLn 19$3K$1K$682$682
InsuranceLn 23$9K$4K$2K$2K
Other expenses (24a–d)Ln 24$168K$84K$43K$41K
All other expensesLn 24e$127$65$31$31
Total functional expensesLn 25$692K$530K$95K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $612K$642K−$30K$2.2M 990 PDF
FY2023 $672K$628K$44K$2.1M 990 PDF
FY2022 Viewing $747K$692K$55K$2.0M 990 PDF
FY2021 $671K$461K$210K$2.2M 990 PDF
FY2020 $215K$418K−$203K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $746,708 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $634,944$664,786
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $66,487$52,941
I-11 Other revenuePrior year −$30,594$28,981
I-12 Total revenuePrior year $670,837$746,708
I-13 Grants and similar amounts paidPrior year $257,227$335,061
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $100,761$103,068
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $102,657$253,424
I-18 Total expensesPrior year $460,645$691,553
I-19 Revenue less expensesPrior year $210,192$55,155
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $746,708 across 7 lines filed
VIII-1c Fundraising events$453,916
VIII-1f All other contributions, gifts and grants$210,870
VIII-1h Total contributions, gifts and grants$664,786
VIII-3 Investment incomeExcluded from tax $34,425$34,425
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,516$18,516
VIII-8 Net income from fundraising eventsExcluded from tax $28,981$28,981
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $81,922$746,708
Part IX · Statement of functional expenses $691,553 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $335,061$335,061
IX-7 Other salaries and wagesPrograms $71,434 · Management $8,929 · Fundraising $8,929$89,292
IX-9 Other employee benefitsPrograms $6,775 · Management $847 · Fundraising $847$8,469
IX-10 Payroll taxesPrograms $4,245 · Management $531 · Fundraising $531$5,307
IX-11c Accounting feesManagement $17,355$17,355
IX-11f Investment management feesManagement $10,000$10,000
IX-11g Other fees for servicesPrograms $519 · Management $260 · Fundraising $260$1,039
IX-13 Office expensesPrograms $3,327 · Management $1,663 · Fundraising $1,663$6,653
IX-14 Information technologyPrograms $2,235 · Management $1,118 · Fundraising $1,118$4,471
IX-16 OccupancyPrograms $17,421 · Management $8,710 · Fundraising $8,710$34,841
IX-19 Conferences, conventions and meetingsPrograms $1,364 · Management $682 · Fundraising $682$2,728
IX-23 InsurancePrograms $4,268 · Management $2,134 · Fundraising $2,134$8,536
IX-24 Other expenses (24a–d)Programs $83,512 · Management $42,906 · Fundraising $41,256$167,674
IX-24e All other expensesPrograms $65 · Management $31 · Fundraising $31$127
IX-25 Total functional expensesPrograms $530,226 · Management $95,166 · Fundraising $66,161$691,553
Part X · Balance sheet $1,929,071 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $167,279$115,934
X-2 Savings and temporary cash investmentsStart of year $175,980$101,256
X-4 Accounts receivableStart of year $10,555$45,495
X-9 Prepaid expenses and deferred chargesStart of year $25,962$25,224
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,796,529$1,635,235
X-15 Other assetsStart of year $5,927$5,927
X-16 Total assetsStart of year $2,182,232$1,929,071
X-17 Accounts payable and accrued expensesStart of year $5,065$5,705
X-25 Other liabilitiesStart of year $0−$29,497
X-26 Total liabilitiesStart of year $5,065−$23,792
X-32 Total net assets or fund balancesStart of year $2,177,167$1,952,863
X-33 Total liabilities and net assetsStart of year $2,182,232$1,929,071
Part XI · Reconciliation of net assets $1,952,863 net assets at year end
XI-1 Total revenue$746,708
XI-2 Total expenses$691,553
XI-3 Revenue less expenses$55,155
XI-4 Net assets at start of year$2,177,167
XI-5 Net unrealized gains (losses) on investments−$279,459
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,952,863

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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