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Nonprofiteer
← CRUISE INDUSTRY CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by CRUISE INDUSTRY CHARITABLE FOUNDATION INC.

Totals

Total revenue
$0
Total expenses
$112,946
Contributions and grants received
$0
Grants paid
$60,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$202,387
Total liabilities, end of year
$61,449
Net assets or fund balances, end of year
$140,938
Program services expenses (Part IX)
$60,000
Management and general expenses
$52,946
Fundraising expenses
$0
Program service expenses (Part III)
$60,000

Program services were 53.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 11a · Fees: management

    total $50,000 · management and general $50,000

  • 11c · Fees: accounting

    total $2,400 · management and general $2,400

  • 23 · Insurance

    total $546 · management and general $546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $272,384 · end of year $202,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,500 · end of year $61,449

  • 27 · Net assets without donor restrictions

    beginning of year $253,884 · end of year $140,938

Mission and programs · 2023

Mission

THE FOUNDATION'S EFFORTS ARE FOCUSED ON PROGRAMS THAT HELP STRENGTHEN AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITITES SERVED BY THE CRUISE INDUSTRY WITH SPECIFIC EMPHASIS ON CIVIC AND COMMUNITY DEVELOPMENT, EDUCATIONAL ASSISTANCE AND TRAINING PROGRAMS, PUBLIC HEALTH PROGRAMS AND ENVIRONMENTAL PRESERVATION INITIATIVES.

Activities or mission (Part I)

FOCUSES ON PROGRAMS TO IMPROVE THE QUALIFY OF LIFE IN AREAS SERVED BY THE CRUISE INDUSTRY.

  • CIVIC AND COMMUNITY DEVELOPMENT SEEKS TO ENHANCE COMMUNITY DEVELOPMENT THROUGH JOB CREATION AND TRAINING, AND ASSISTANCE TO LOCAL COMMUNITY IMPROVEMENT PROJECTS.EDUCATIONAL ASSISTANCE AND TRAINING ENCOURAGES THE CREATION AND EXPANSION OF LEARNING EXPERIENCES AT THE PRIMARY, SECONDARY, AND HIGHER EDUCATION LEVELS, PARTICULARLY FOR MINORITY AND DISADVANTAGED STUDENTS.PUBLIC HEALTH PROGRAMS SUPPORTS PROGRAMS DESIGNED TO PROMOTE ENVIRONMENTAL AWARENESS AND PUBLIC EDUCATION.

    Expenses $60,000 · Grants $60,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kelly Craighead

    PRESIDENT & CEO & SEC./TREAS.

    Total calculated
    $1,273,395
    From this org
    $0
    From related orgs
    $1,203,443
    Other
    $69,952
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $775,388 related
    Bonus
    $0 + $328,055 related
    Other
    $0 + $100,000 related
    Deferred
    $0 + $34,100 related
    Nontaxable benefits
    $0 + $35,852 related
    Filer's total
    $0 + $1,273,395 related

  • Richard Sasso

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Daniel Farkas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
KELLY CRAIGHEAD RECEIVED 457(F) PLAN CONTRIBUTIONS OF $100,000.
PART I, LINE 3:
CICF RELIES ON A RELATED ORGANIZATION, CLIA, TO DETERMINE COMPENSATION OF OFFICERS. CICF USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF ITS OFFICERS AND EMPLOYEES. - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202443059349300624

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