Croom Foundation EIN 83-2648430

Croom Foundation

EIN  83-2648430 Public charity (501(c)(3)) Tuscaloosa, AL
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides equitable opportunities for disadvantaged youth in West and Central Alabama.
Leadership
Dr Kelvin Croom · Board of Directors
Money in and out
$84K revenue, $79K expenses
Bottom line
100% program efficiency

Provides equitable opportunities for disadvantaged youth in West and Central Alabama. For fiscal year 2025 it reported $84K in revenue, $79K in expenses, and $5K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$84K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$5K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year▲ ×25 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$84K
FY2025▼ -76%
Expenses
$79K
FY2025▼ -78%
Total assets
$5K
FY2025▲ ×53
Total liabilities
$0
FY2025
Total revenue
$84K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$5K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$5K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $79K of program spending, described in the organization's own filed words · FY2024.
01

Officer Kennis Croom Memorial Scholarship awards students an academic scholarship to the college/university of their choice.

$34Kprogram expense
02

ELITE Program works with high school students as they are prepared for post high school opportunities that center around college/university as well as armed service and workforce jobs.

$32Kprogram expense
03

Project 180 mentors 5th grade students at a local performing arts school and works with them in the areas of creativity, behavior and attendance.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCroom Foundation
EINHdr · item D83-2648430
Principal addressHdr · item CTuscaloosa, AL
WebsiteHdr · item Jwww.thecroomfoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$62K · 74%
Other revenue$21K · 26%
Contributions & grants74%$62K
Other revenue26%$21K
Total revenueLn 12$84K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$79K
Total functional expensesLn 25$79K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$5K
Total liabilitiesLn 26$0
Total net assetsLn 32$5K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $79K
0.8 months
Where the money goes
Program services
Program services $79K · Total expenses $79K
100%
Management & General
Management & general $0 · Total expenses $79K
0%
Fundraising
Fundraising $0 · Total expenses $79K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $218K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $62K · Total revenue $84K
74%
Government reliance
Government grants $0 · Total revenue $84K
0%
Earned-income share
Program service revenue $0 · Total revenue $84K
0%
Investment reliance
Investment income $0 · Total revenue $84K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $79K
0%
Growth & trend
Revenue growth (YoY)
This year $84K · Prior year $355K
-76%
Net-asset trend (YoY)
End of year $5K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $84K · Expenses $79K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $5K
Net-asset ratio
Net assets $5K · Total assets $5K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Kelvin Croom · Reported title Board of Directors · Highest reported compensation $0 · Total expenses $79K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $538 · Total expenses $79K
1%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -76%

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$6K

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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
FY2025 (Latest)$84K revenue · viewing · ⤓ 990 PDF
FY2024$355K revenue · ⤓ 990 PDF
FY2023$237K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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