Jerome J Choromanski Foundation is a 501(c)(3) organization based in Plymouth, Minnesota, registered in 1994, with $169,946 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$170K
▲ 15.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$375K
Net assets
$368K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jerome J Choromanski Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jerome J Choromanski Foundation: 12 mo reserves · -121% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Jerome J Choromanski Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jerome J Choromanski Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $28K (FY2013) to $170K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-120.7%
Spent more than it raised in the latest fiscal year.
Total assets
$368K
Total liabilities
$0
Net assets
$368K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $169,946▲15.0% | $375,097▼8.7% | $367,879▼35.8% | $367,879▼35.8% | 990PF |
| 2023 | $147,745▼18.5% | $410,632▲24.6% | $573,030▼31.4% | $573,030▼31.4% | 990PF |
| 2022 | $181,245▲6.8% | $329,659▲2.4% | $835,917▼15.1% | $835,917▼15.1% | 990PF |
| 2021 | $169,678▲26.9% | $321,985▲20.9% | $984,331▼13.4% | $984,331▼13.4% | 990PF |
| 2020 | $133,693▼15.3% | $266,317▲13.8% | $1,136,638▼10.4% | $1,136,638▼10.4% | 990PF |
| 2019 | $157,843▲39.3% | $234,098▲5.7% | $1,269,262▼5.7% | $1,269,262▼5.7% | 990PF |
| 2018 | $113,310▲17.6% | $221,564▲14.2% | $1,345,517▼7.4% | $1,345,517▼7.4% | 990PF |
| 2017 | $96,359▼93.8% | $193,963▼13.7% | $1,453,771▼7.1% | $1,453,771▼7.1% | 990PF |
| 2016 | $1,556,728▲4027% | $224,847▲1092% | $1,565,291▲571% | $1,565,291▲571% | 990PF |
| 2015 | $37,720▲257% | $18,860▲12.2% | $233,410▲8.8% | $233,410▲8.8% | 990PF |
| 2014 | $10,568▼62.1% | $16,804▲4.9% | $214,550▲2.8% | $214,550▲2.8% | 990PF |
| 2013 | $27,894 | $16,025▼15.7% | $208,667▲21.5% | $208,667▲21.5% | 990PF |
| 2012 | — | $19,012 | $171,798 | $171,798 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Jerome J Choromanski Foundation (EIN 41-1792024) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.