To provide funding for educational opportunities, scholarships, and medical research

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $276K a year · 89% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$524K
×12 vs prior year
Spent
$59K
To programs
97%
Net assets
$681K
By yearFY2020–FY2025
Revenue
$524K
FY2024▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2020$65K
FY2021$74K
FY2022$3K
FY2023$43K
FY2024$524K
FY2025$98K
Expenses
$59K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$59K
FY2025$10K
Net assets
$681K
FY2024▲ +215%
Tap a bar for its year
Net assets by fiscal year
FY2020$166K
FY2021$188K
FY2022$182K
FY2023$216K
FY2024$681K
FY2025$769K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2016.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $58K Management & general 3% · $2K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cel Charitable Fund INC 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 15aYes

Programs and updates

Funds educational opportunities, scholarships, and medical research.

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1 program · $58K · in their own filed words · FY2024
01

Educational scholarships and charitable donations.

$58Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$524K
Ln 12
Gifts and grantsLn 1h$500K
Investment incomeLn 3$24K
Money outPt IX
$59K
Ln 25
Programscol B$58K
Managementcol C$2K
Owns and owesPt X
$681K
net assets · Ln 32
Total assetsLn 16$681K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$500K
Investment incomeLn 3$24K
Total revenueLn 12$524K
Assets in detailPt X, end of year
InvestmentsLn 11–13$681K
Total assetsLn 16$681K
LiabilitiesLn 26$0
Net assetsLn 32$681K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
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 FY24End FY24
InvestmentsLn 11–13$216K$681K
Total assetsLn 16$216K$681K
LiabilitiesLn 26$0$0
Net assetsLn 32$216K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$58K$58K
Investment management feesLn 11f$2K$0$2K$0
Total functional expensesLn 25$59K$58K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $98K$10K$88K$769K 990 PDF
FY2024 Viewing $524K$59K$465K$681K 990 PDF
FY2023 $43K$216K 990 PDF
FY2022 $3K$182K 990 PDF
FY2021 $74K$188K 990 PDF
FY2020 $65K$166K 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 FY2024 990 (6 parts)
Part I · Summary $523,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,000$499,832
I-9 Program service revenue$0
I-10 Investment incomePrior year $27,011$24,100
I-11 Other revenue$0
I-12 Total revenuePrior year $43,011$523,932
I-13 Grants and similar amounts paidPrior year $7,500$57,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,927$1,818
I-18 Total expensesPrior year $9,427$59,318
I-19 Revenue less expensesPrior year $33,584$464,614
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $523,932 across 4 lines filed
VIII-1f All other contributions, gifts and grants$499,832
VIII-1h Total contributions, gifts and grants$499,832
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$24,100
VIII-12 Total revenueRelated to mission $24,100 · Unrelated business $0 · Excluded from tax $0$523,932
Part IX · Statement of functional expenses $59,318 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $57,500$57,500
IX-11f Investment management feesPrograms $0 · Management $1,818 · Fundraising $0$1,818
IX-25 Total functional expensesPrograms $57,500 · Management $1,818 · Fundraising $0$59,318
Part X · Balance sheet $680,596 assets, 5 lines filed
X-11 Publicly traded securitiesStart of year $215,982$680,596
X-16 Total assetsStart of year $215,982$680,596
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $215,982$680,596
X-33 Total liabilities and net assetsStart of year $215,982$680,596
Part XI · Reconciliation of net assets $680,596 net assets at year end
XI-1 Total revenue$523,932
XI-2 Total expenses$59,318
XI-3 Revenue less expenses$464,614
XI-4 Net assets at start of year$215,982
XI-10 Net assets at end of year$680,596

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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