Cruise Industry Charitable Foundation INC EIN 52-2082802

Cruise Industry Charitable Foundation INC

EIN  52-2082802 Supporting organization Washington, DC
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Improves quality of life in cruise industry communities through targeted programs.
Leadership
Kelly Craighead · President & CEO & Sec./Treasurer
Money in and out
$0 revenue, $52K expenses
Bottom line
62% program spending

Improves quality of life in cruise industry communities through targeted programs. For fiscal year 2024 it reported $0 in revenue, $52K in expenses, and $89K in net assets.Pt I

Money in and out · FY2024
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$52K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program spending
62%
of expenses reach stated programs▲ +17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$0
FY2024
Expenses
$52K
FY2024▼ -54%
Total assets
$120K
FY2024▼ -41%
Total liabilities
$31K
FY2024▼ -49%
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$52K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $32K of program spending, described in the organization's own filed words · FY2024.
01

Civic and community development seeks to enhance community development through job creation and training, and assistance to local community improvement PROJECTS.EDUCATIONAL assistance and training encourages the creation and expansion of learning experiences at the primary, secondary, and higher education levels, particularly for…

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCruise Industry Charitable Foundation INC
EINHdr · item D52-2082802
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.cruisefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMay 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
President & CEO & Sec./Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Cruise Industry Charitable Foundation INC executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$32K
Management & general38%$20K
Total functional expensesLn 25$52K

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$120K
Total liabilitiesLn 26$31K
Total net assetsLn 32$89K
Months of cash on handcomputed27.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $120K · Operating expenses/yr $52K
27.5 months
Where the money goes
Program services
Program services $32K · Total expenses $52K
62%
Management & General
Management & general $20K · Total expenses $52K
38%
Fundraising
Fundraising $0 · Total expenses $52K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $52K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $89K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $52K
Liabilities-to-Assets
Total liabilities — · Total assets $120K
Net-asset ratio
Net assets $89K · Total assets $120K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $120K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelly Craighead · Reported title PRESIDENT & CEO & SEC./TREASURER · Highest reported compensation $0 · Total expenses $52K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $52K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Accounting fee ratio 27%

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 · this organization's grantmaking
Grants paid · 11 grants · $166K · 2021–2024

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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)$0 revenue · viewing · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF
FY2021$0 revenue · ⤓ 990 PDF
FY2020$0 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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