Cromar Charitable Supporting Organization EIN 94-3382321

Cromar Charitable Supporting Organization

EIN  94-3382321 Supporting organization Mill Valley, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Supports the Belvedere Cove Foundation and other charitable causes.
Leadership
Matthew M Cromar · Trustee
Money in and out
$52K revenue, $50K expenses
Bottom line
+4% net inflow

Supports the Belvedere Cove Foundation and other charitable causes. For fiscal year 2024 it reported $52K in revenue, $50K in expenses, and $567K in net assets.Pt I

Money in and out · FY2024
Total revenue
$52K
Pt VIII · Ln 12
Total expenses
$50K
Pt IX · Ln 25
Net assets
$567K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Net inflow
+4%
revenue over expenses, this year▲ +101% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
82%
of expenses reach stated programs▲ +38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$52K
FY2024▲ ×11
Expenses
$50K
FY2024▲ +153%
Total assets
$567K
FY20240%
Total liabilities
$0
FY2024
Total revenue
$52K
Pt VIII · Ln 12
Total expenses
$50K
Pt IX · Ln 25
Net assets
$567K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$567K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $41K of program spending, described in the organization's own filed words · FY2024.
01

The purpose of the Organization is to distribute substantially all of its income in support of the Belvedere Cove Foundation's (the "Primary Charity") programs and operations. In addition, the Organization will directly conduct charitable and educational programs and may also make grants other public charities.

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCromar Charitable Supporting Organization
EINHdr · item D94-3382321
Principal addressHdr · item CMill Valley, CA
WebsiteHdr · item Jwww.cromar.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJun 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income100%$52K
Total revenueLn 12$52K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$41K
Management & general18%$9K
Total functional expensesLn 25$50K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$567K
Total liabilitiesLn 26$0
Total net assetsLn 32$567K
Months of cash on handcomputed16.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $567K · Operating expenses/yr $50K
136.4 months
Where the money goes
Program services
Program services $41K · Total expenses $50K
82%
Management & General
Management & general $9K · Total expenses $50K
18%
Fundraising
Fundraising $0 · Total expenses $50K
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 $52K
0%
Government reliance
Government grants — · Total revenue $52K
Earned-income share
Program service revenue $0 · Total revenue $52K
0%
Investment reliance
Investment income $52K · Total revenue $52K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $50K
0%
Growth & trend
Revenue growth (YoY)
This year $52K · Prior year $5K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $567K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $52K · Expenses $50K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $567K
Net-asset ratio
Net assets $567K · Total assets $567K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $497K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $567K
88%
People & payroll
Highest Reported Total Compensation
Individual Matthew M Cromar · Reported title Trustee · Highest reported compensation $0 · Total expenses $50K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $50K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Revenue growth ×11
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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 · this organization's grantmaking
Grants paid · 5 grants · $138K · 2020–2024

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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)$52K revenue · viewing · ⤓ 990 PDF
FY2023$5K revenue · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$40K revenue · ⤓ 990 PDF
FY2020$-94K 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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