Carl Cherry Foundation

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EIN 94-1207693 Public charity (501(c)(3)) Carmel by the, CA NTEE A200
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$180K
FY2024▼ -7%
Expenses
$195K
FY2024▼ -3%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Supports experimental fine arts and science projects through diverse programs. For fiscal year 2024 it reported $180K in revenue, $195K in expenses, and $356K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Carmel by the, CA
Website
www.carlcherrycenter.org
Filings
5 on file (2020–2024)
Revenue
$180KFY2024
Expenses
$195K
Net assets
$356K
People
20
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Provided by the organization

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Size
$100K–1M
What they do
Supports experimental fine arts and science projects through diverse programs.
Leadership
Robert Reese · Executive Director · $47K
Money in and out
$180K revenue, $195K expenses
Bottom line
50% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Arts Council for Monterey County

1 distinct foundation funder(s) on file, $8K received in the most recent year with grants. See detail →

How is the money spent?

WARNING

50% to programs

50% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -7% vs prior year

Revenue band $100K–1M, -7% versus the prior filing year (down). See detail →

Where the money goes · FY2024
Total revenue
$180K
Pt VIII · Ln 12
Total expenses
$195K
Pt IX · Ln 25
Net assets
$356K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.34 Fundraising $0.16
Program efficiency
50%
of spending reaches programs>-0.01% vs prior filing year
Operating runway
8.4mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -135% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$431K
FY2024▼ -3%
Total liabilities
$75K
FY2024▼ -3%
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$431K
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCarl Cherry Foundation
EINHdr · item D94-1207693
Principal addressHdr · item CCarmel by the, CA
WebsiteHdr · item Jwww.carlcherrycenter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A200)
Ruling yearIRS BMFJun 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$46,501Pt VII · Sec A
Office Manager
$33,999Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Reese’s $47K as Executive Director is at the 41st percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Robert Reese$46,501$44,050$43,400
Cathy Prager$33,999——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $98K of program spending, described in the organization's own filed words · FY2024.
01

Cataloguing, recording and restoring the work of jeanne dorge and rotate DISPLAYS.ADDITIONALLY, co-producing plays with local drama groups. Staging recitals, lectures, science and art shows.

$98Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$98K · 54%
Contributions & grants$77K · 43%
Investment income$5K · 3%
Program service revenue54%$98K
Contributions & grants43%$77K
Investment income3%$5K
Total revenueLn 12$180K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.34 Fundraising $0.16
Program services50%$98K
Management & general34%$66K
Fundraising16%$31K
Total functional expensesLn 25$195K

Balance Sheet

Part X · end of year
CashLn 1$88K
Total assetsLn 16$431K
Total liabilitiesLn 26$75K
Total net assetsLn 32$356K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $136K · Operating expenses/yr $195K
8.4 months
Where the money goes
Program services
Program services $98K · Total expenses $195K
50%
Management & General
Management & general $66K · Total expenses $195K
34%
Fundraising
Fundraising $31K · Total expenses $195K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $68K
$0.42 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $77K · Total revenue $180K
43%
Government reliance
Government grants — · Total revenue $180K
—
Earned-income share
Program service revenue $98K · Total revenue $180K
54%
Investment reliance
Investment income $5K · Total revenue $180K
+3%
Program self-sufficiency
Program service revenue $98K · Total expenses $195K
50%
Growth & trend
Revenue growth (YoY)
This year $180K · Prior year $194K
-7%
Revenue CAGR
FY2020 $119K · FY2024 $180K
+11%
Net-asset trend (YoY)
End of year $356K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $180K · Expenses $195K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $431K
—
Net-asset ratio
Net assets $356K · Total assets $431K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $48K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $431K
11%
People & payroll
Highest Reported Total Compensation
Individual Robert Reese · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $47K · Total expenses $195K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $89K · Total expenses $195K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 50%——
Overhead ratio 34%——
Fundraising cost ratio 41%——
Revenue growth -7%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 4%——
Fundraising fee ratio 0%——

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$8K

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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)$180K revenue · viewing · ⤓ 990 PDF
FY2023$194K revenue · ⤓ 990 PDF
FY2022$130K revenue · ⤓ 990 PDF
FY2021$153K revenue · ⤓ 990 PDF
FY2020$119K 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
Names, privacy, and removal requests More

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