The Crean Foundation
- Assets
- $63.2m
- Revenue
- $7.1m
- Investments
- $59.3m
- Employees
- 0
- Location
- Laguna Hills, CA
- Founding
- 02/1982
- Data as of
- 12/2021
- EIN
- 95-3676334
Organization Overview
The Crean Foundation is located in Laguna Hills, CA. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crean Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Crean Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Crean Foundation has awarded 699 individual grants totaling $25,141,499. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF BOOKS ON ALCOHOLISM INTENDED TO EDUCATE AND ASSIST THE GENERAL PUBLIC CONCERNING THE DISEASE. THE TOTAL NUMBER OF BOOKS DISTRIBUTED DURING 2021 WAS 13,774.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc S Goldin CFO | 30 | $483,017 | |
Andrew Crean President | 1 | $0 | |
Emily Crean Vogler Vice President | 1 | $0 | |
Susan E Thomas Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $206 |
| Dividends & Interest | $3,362,073 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,730,126 |
| Capital Gain Net Income | $3,730,126 |
| Net ST Capital Gain | $466,000 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $30,014 |
| Other Income | $0 |
| Total Revenue | $7,122,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $483,017 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,237 |
| Depreciation | $816 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $853 |
| Other expenses | $304,527 |
| Total operating and administrative expenses | $828,225 |
| Contributions, gifts, grants paid | $3,537,590 |
| Total expenses and disbursements | $4,365,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,923,468 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $23,177 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,839,409 |
| Net Land, buildings, and equipment | $1,999 |
| Other assets | $0 |
| Total assets | $63,201,193 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,620,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $356 |
| Total liabilities | $2,620,356 |
Grants Awarded
Over the last fiscal year, The Crean Foundation has awarded $3,537,590 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
Orange, CA PURPOSE: EDUCATION. | $1,015,000 |
Newport Beach, CA PURPOSE: CONSTRUCTION OF NEW HOSPITAL FACILITIES. | $500,000 |
CHILDREN'S BUREAU PURPOSE: PROGRAMS FOR DISADVANTAGED CHILDREN. | $245,000 |
ANAHEIM FAMILY YMCA PURPOSE: PROGRAMS FOR YOUTH AND DEVELOPMENT OF NEW ATHLETIC FACILITIES. | $215,000 |
Irvine, CA PURPOSE: CONSTRUCTION OF NEW MUSIC, WORSHIP AND THEOLOGY BUILDING. | $200,000 |
CHILDREN'S HOSPITAL OF OC FOUNDATIO PURPOSE: PEDIATRIC MEDICAL CARE. | $117,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |