Carl Cherry Foundation FY2021 filing

Tax-deductible

Carmel by the, CA501(c)(3)Arts & CultureEIN 94-1207693

Founded by Carmel-by-the-Sea artist Jeanne DOrge, the Carl Cherry Center for the Arts was established to help support experimental fine arts and projects in the sciences. Since its opening in 1948, the Center has strived to stay true to its mission of presenting quality and diverse artistic, educational, and cultural programs in Monterey County.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
1 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
50%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
14 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $8K
Funders’ Sch. I, 990-PF
Do they carry debt?
$80K
liabilities
Pt X · Ln 26
Who oversees it?
0
independent of 14 voting board members
Pt VI · Ln 1a–1b
Revenue
$153K
+29% vs prior year
Spent
$138K
To programs
50%
Net assets
$420K
By yearFY2020–FY2024
Revenue
$153K
FY2021▲ +29%
Revenue by fiscal year
FY2020$119K
FY2021$153K
FY2022$130K
FY2023$194K
FY2024$180K
Expenses
$138K
FY2021▲ +0.5%
Expenses by fiscal year
FY2020$137K
FY2021$138K
FY2022$168K
FY2023$201K
FY2024$195K
Net assets
$420K
FY2021▲ +2%
Net assets by fiscal year
FY2020$410K
FY2021$420K
FY2022$370K
FY2023$368K
FY2024$356K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCarl Cherry Foundation
EINHdr · item D94-1207693
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1987
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCarmel by the, CA
NTEE classificationIRS BMFArts & Culture (A200)
WebsiteHdr · item Jwww.carlcherrycenter.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.35 Fundraising $0.15
Program services50%$69K
Management & general35%$48K
Fundraising15%$21K
Total functional expensesLn 25$138K

Financial health

Is it on solid ground?

Program efficiency
50%
of spending reaches programs
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$500K
FY2021▲ +2%
Total assets by fiscal year
FY2020$491K
FY2021$500K
FY2022$450K
FY2023$445K
FY2024$431K
Total liabilities
$80K
FY2021▼ -2%
Total liabilities by fiscal year
FY2020$81K
FY2021$80K
FY2022$80K
FY2023$77K
FY2024$75K
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$500K
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$160K
Total assetsLn 16$500K
Total liabilitiesLn 26$80K
Total net assetsLn 32$420K
Months of cash on handcomputed13.9

Statement of Revenue

Part VIII
Contributions & grants$96K · 63%
Other revenue$25K · 17%
Program service revenue$25K · 16%
Investment income$7K · 4%
Contributions & grants63%$96K
Other revenue17%$25K
Program service revenue16%$25K
Investment income4%$7K
Total revenueLn 12$153K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $160K · Operating expenses/yr $138K
13.9 months
Where the money goes
Program services
Program services $69K · Total expenses $138K
50%
Management & General
Management & general $48K · Total expenses $138K
35%
Fundraising
Fundraising $21K · Total expenses $138K
15%
Cost to raise $1
Fundraising expense (2-yr avg) $21K · Solicited contributions (2-yr avg) $84K
$0.25 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $96K · Total revenue $153K
63%
Government reliance
Government grants — · Total revenue $153K
—
Earned-income share
Program service revenue $25K · Total revenue $153K
16%
Investment reliance
Investment income $7K · Total revenue $153K
+4%
Program self-sufficiency
Program service revenue $25K · Total expenses $138K
18%
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year $119K
+29%
Net-asset trend (YoY)
End of year $420K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $138K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $500K
—
Net-asset ratio
Net assets $420K · Total assets $500K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $500K
0%
People & payroll
Highest Reported Total Compensation
Individual Virginia Crapo · Reported title Director · Highest reported compensation $0 · Total expenses $138K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $138K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 50%——
Overhead ratio 35%——
Fundraising cost ratio 22%——
Revenue growth 29%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 6%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt 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
Director
$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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Governance & Policies

Part VI
  • 14Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports experimental fine arts and science projects through diverse programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $69K of program spending, described in the organization's own filed words · FY2021.
01

Co-producing plays with local drama groups. Staging recitals, lectures, science and art shows.

$69Kprogram expense
02

Cataloguing, recording and restoring the work of jeanne d'orge. Rotate displays.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $180K$195K-7% 990 PDF
FY2023 $194K$201K+49% 990 PDF
FY2022 $130K$168K-15% 990 PDF
FY2021 Viewing $153K$138K+29% 990 PDF
FY2020 $119K$137K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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