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Christermon Foundation FY2023 filing

Tax-deductible

Lake Forest, CA501(c)(3)Education EIN 33-0262226Revenue $672K in FY2023

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.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 4.0 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
$9K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$672K
-10% vs prior year
Spent
$628K
To programs
85%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$672K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$215K
FY2021$671K
FY2022$747K
FY2023$672K
FY2024$612K
Expenses
$628K
FY2023▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$418K
FY2021$461K
FY2022$692K
FY2023$628K
FY2024$642K
Net assets
$2.1M
FY2023▲ +8%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

85 cents of each dollar spent went to programs.

Program services 85% · $534K Management & general 10% · $61K Fundraising 5% · $33K

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

25 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
$0Pt VII · Sec A
Bob Thompson
Director
$0Pt VII · Sec A
Jon Scriven
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $534K · in their own filed words · FY2023
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.

$534Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$672K
Ln 12
Gifts and grantsLn 1h$564K
Investment incomeLn 3$65K
Other incomeLn 4–11$42K
Money outPt IX
$628K
Ln 25
Programscol B$534K
Managementcol C$61K
Fundraisingcol D$33K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$2.1M
LiabilitiesLn 26$9K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$564K
Fundraising eventsLn 1c$368K
Investment incomeLn 3$65K
Other incomeLn 4–11$42K
Gains on assetsLn 7$15K
Total revenueLn 12$672K
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$140K
Cash and savings togetherLn 1–2$208K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$6K
Total assetsLn 16$2.1M
LiabilitiesLn 26$9K
Net assetsLn 32$2.1M
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 FY23End FY23
Cash and savingsLn 1–2$217K$208K
InvestmentsLn 11–13$1.6M$1.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.9M$2.1M
LiabilitiesLn 26−$24K$9K
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$270K$270K
Other salaries and wagesLn 7$100K$80K$10K$10K
Other employee benefitsLn 9$9K$7K$899$899
Payroll taxesLn 10$8K$6K$776$776
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$10K$10K
Office expensesLn 13$3K$3K$339$339
Information technologyLn 14$7K$5K$661$661
OccupancyLn 16$36K$29K$4K$4K
Conferences, conventions and meetingsLn 19$5K$4K$525$525
InsuranceLn 23$9K$7K$905$905
Other expenses (24a–d)Ln 24$153K$122K$15K$15K
Total functional expensesLn 25$628K$534K$61K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $612K$642K−$30K$2.2M 990 PDF
FY2023 Viewing $672K$628K$44K$2.1M 990 PDF
FY2022 $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $671,532 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $664,786$564,033
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $52,941$65,492
I-11 Other revenuePrior year $28,981$42,007
I-12 Total revenuePrior year $746,708$671,532
I-13 Grants and similar amounts paidPrior year $335,061$270,073
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $103,068$116,752
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $253,424$240,871
I-18 Total expensesPrior year $691,553$627,696
I-19 Revenue less expensesPrior year $55,155$43,836
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $671,532 across 7 lines filed
VIII-1c Fundraising events$367,604
VIII-1f All other contributions, gifts and grants$196,429
VIII-1h Total contributions, gifts and grants$564,033
VIII-3 Investment incomeExcluded from tax $50,728$50,728
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,764$14,764
VIII-8 Net income from fundraising eventsExcluded from tax $42,007$42,007
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $107,499$671,532
Part IX · Statement of functional expenses $627,696 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $270,073$270,073
IX-7 Other salaries and wagesPrograms $80,000 · Management $10,000 · Fundraising $10,000$100,000
IX-9 Other employee benefitsPrograms $7,192 · Management $899 · Fundraising $899$8,990
IX-10 Payroll taxesPrograms $6,210 · Management $776 · Fundraising $776$7,762
IX-11c Accounting feesManagement $17,540$17,540
IX-11f Investment management feesManagement $10,000$10,000
IX-13 Office expensesPrograms $2,713 · Management $339 · Fundraising $339$3,391
IX-14 Information technologyPrograms $5,286 · Management $661 · Fundraising $661$6,608
IX-16 OccupancyPrograms $28,794 · Management $3,599 · Fundraising $3,599$35,992
IX-19 Conferences, conventions and meetingsPrograms $4,199 · Management $525 · Fundraising $525$5,249
IX-23 InsurancePrograms $7,237 · Management $905 · Fundraising $905$9,047
IX-24 Other expenses (24a–d)Programs $122,434 · Management $15,305 · Fundraising $15,305$153,044
IX-25 Total functional expensesPrograms $534,138 · Management $60,549 · Fundraising $33,009$627,696
Part X · Balance sheet $2,125,455 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $115,934$67,233
X-2 Savings and temporary cash investmentsStart of year $101,256$140,267
X-4 Accounts receivableStart of year $45,495$62,046
X-9 Prepaid expenses and deferred chargesStart of year $25,224$39,250
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,635,235$1,810,732
X-15 Other assetsStart of year $5,927$5,927
X-16 Total assetsStart of year $1,929,071$2,125,455
X-17 Accounts payable and accrued expensesStart of year $5,705$4,606
X-25 Other liabilitiesStart of year −$29,497$4,203
X-26 Total liabilitiesStart of year −$23,792$8,809
X-32 Total net assets or fund balancesStart of year $1,952,863$2,116,646
X-33 Total liabilities and net assetsStart of year $1,929,071$2,125,455
Part XI · Reconciliation of net assets $2,116,646 net assets at year end
XI-1 Total revenue$671,532
XI-2 Total expenses$627,696
XI-3 Revenue less expenses$43,836
XI-4 Net assets at start of year$1,952,863
XI-5 Net unrealized gains (losses) on investments$120,017
XI-8 Prior period adjustments−$70
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,116,646

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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