Overview
What is The Cromar Charitable Supporting Organization?
The Cromar Charitable Supporting Organization is a nonprofit entity headquartered at 50 Ryan Avenue, Mill Valley, CA 94941. Its primary role is to contribute a significant portion of its earnings to bolster the initiatives and operations of the Belvedere Cove Foundation, serving as a supporting entity. Beyond this, the organization also engages in independent charitable and educational projects and may even grant funds to other public charities, expanding its role in the philanthropic sector.
Official website here: www.cromar.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star Rating
The Cromar Charitable Supporting Organization has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 89%, the organization has shown a commitment to maintaining high standards of governance and financial accountability.
Strengths of the organization include having a fully independent board of directors and no material diversion of assets, both of which contribute positively to its evaluation. The organization scores well in various areas, such as having a clear conflict of interest policy and providing documentation of board meeting minutes, indicating transparency and proper governance practices.
However, the program expense ratio is slightly below the ideal threshold, standing at 63.34%. While this is a respectable figure, it suggests that a portion of the resources may not be fully allocated to direct program expenses. Overall, The Cromar Charitable Supporting Organization demonstrates strong financial health and governance, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Cromar Charitable Supporting Organization legitimate?
The Cromar Charitable Supporting Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cromar Charitable Supporting Organization submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.cromar.net
What is the mission statement of The Cromar Charitable Supporting Organization?
The Cromar Charitable Supporting Organization's mission is centered around providing support for the Belvedere Cove Foundation's charitable activities and initiatives. Additionally, this organization independently conducts charitable and educational programs, and it may also grant funds to other public charities, all with the intention of contributing to various philanthropic endeavors. The primary objective of this organization is to distribute a substantial portion of its income to support the operations and programs of the Belvedere Cove Foundation.
Official website here: www.cromar.net
Who is the CEO of The Cromar Charitable Supporting Organization?
Matthew M Cromar is the Trustee of The Cromar Charitable Supporting Organization.
Official website here: www.cromar.net
What is the revenue of The Cromar Charitable Supporting Organization?
The Cromar Charitable Supporting Organization's revenue in 2022 was $100,070.
Official website here: www.cromar.net
Who are the executives of The Cromar Charitable Supporting Organization and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.cromar.net
Where can I find the form 990 for The Cromar Charitable Supporting Organization?
The Cromar Charitable Supporting Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cromar.net
Learn more at the official website: www.cromar.net
Mission Statement of The Cromar Charitable Supporting Organization
The Cromar Charitable Supporting Organization, as its mission statement suggests, serves as a supporting entity for the Belvedere Cove Foundation and various other charitable activities. This organization's primary role is to distribute a significant portion of its income in support of the Belvedere Cove Foundation's programs and operations. Beyond this, the Cromar Charitable Supporting Organization also engages in conducting its own charitable and educational programs. Furthermore, it may extend its reach by providing grants to other public charities, continuing to uphold its commitment to charitable activities.
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Impact
October, 2024
The Cromar Charitable Supporting Organization significantly enhances community welfare by channeling financial resources to the Belvedere Cove Foundation and various charitable endeavors. Its primary mission involves distributing the majority of its income to bolster the programs and operations of the Belvedere Cove Foundation, ensuring that essential services reach those in need.
In addition to these core activities, the organization directly engages in conducting charitable and educational programs, enriching the community through initiatives that promote learning and social support. Furthermore, it supports other public charities through grants, thereby broadening its impact across diverse areas of need.
Operating out of Mill Valley, California, The Cromar Charitable Supporting Organization stands as a critical pillar in philanthropic efforts, demonstrating a strong commitment to improving the local and broader community through strategic financial support and innovative programming.
This information is meant to be a general summary of The Cromar Charitable Supporting Organization. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $100,070
- Gross Receipts: $730,666
Assets and Liabilities:
- Total Assets: $580,121
- Total Liabilities: $0
- Net Assets: $580,121
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Organization Details
Founding Year
2000
Phone
(415) 307-3739Principal Officer
Matthew M Cromar
Main Address
50 Ryan Avenue, Mill Valley, CA, 94941
Website
www.cromar.netNTEE Category
Code: T22 - Philanthropy
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