Cherry Family Foundation
- Assets
- $1.7m
- Revenue
- $204.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 16-1675283
Organization Overview
Cherry Family Foundation is located in Naples, FL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cherry Family 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 12/2023, Cherry Family Foundation generated $204.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $307.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cherry Family Foundation has awarded 120 individual grants totaling $1,326,201. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur L Cherry President | 1 | $0 | |
Beverly M Cherry Treasurer | 1 | $0 | |
Alison L Cherry Vice President/secretary | 1 | $0 | |
Carolyn N Cherry Vice President | 1 | $0 | |
Christopher R Cherry Vice President | 1 | $0 | |
John Scott Cherry Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,190 |
| Dividends & Interest | $18,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $179,533 |
| Capital Gain Net Income | $179,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73 |
| Depreciation | $683 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,565 |
| Total operating and administrative expenses | $26,511 |
| Contributions, gifts, grants paid | $280,757 |
| Total expenses and disbursements | $307,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $110,415 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,023 |
| Other assets | $0 |
| Total assets | $1,692,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cherry Family Foundation has awarded $280,757 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREA BOCELLI FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |
BOYS AND GIRLS CLUB PURPOSE: UNRESTRICTED | $10,000 |
CAPE ABILITIES PURPOSE: UNRESTRICTED | $1,000 |
COMMUNITY FOUNDATION OF COLLIER COUNTY PURPOSE: UNRESTRICTED | $850 |
GREATER NAPLES LEADERSHIP PURPOSE: UNRESTRICTEDUNRESTRICTED | $190 |
GUADALUPE CENTER PURPOSE: UNRESTRICTEDUNRESTRICTED | $92,065 |