Cherry Street Services Foundation
- Assets
- $1.6m
- Revenue
- $609.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 03/1997
- Data as of
- 03/2022
- EIN
- 38-3308516
Organization Overview
Cherry Street Services Foundation is located in Grand Rapids, MI. The organization was established in 1997. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry Street Services 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 03/2022, Cherry Street Services Foundation generated $609.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $310.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATE COMMUNITY AWARENESS, TRUST AND FINANCIAL INVESTMENT AND SHARE THE CHERRY HEALTH STORY TO INSPIRE APPRECIATION, ENGAGEMENT AND SUPPORT OF ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES AND ADMINISTERS FUNDS TO PROMOTE AND SUPPORT THE COMPREHENSIVE HEALTHCARE MISSION AND PHILOSOPHY OF CHERRY STREET SERVICES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
India Manns Chair | OfficerTrustee | 2 | $0 |
Patti Griswold Vice Chair | OfficerTrustee | 2 | $0 |
Ann Liefer Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Joy Fossel Secretary | OfficerTrustee | 2 | $0 |
Tasha Blackmon CEO Related | Officer | 2 | $0 |
Shelley Irwin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,256 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,738 |
| Noncash contributions included in lines 1a–1f | $62,719 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $601,994 |
| Total Program Service Revenue | $0 |
| Investment income | $14,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,587 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $609,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,032 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,708 |
| Advertising and promotion | $5,935 |
| Office expenses | $11,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,678 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $58,521 |
| Total functional expenses | $310,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $133,016 |
| Accounts receivable, net | $6,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,028 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $501,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,614,616 |
| Accounts payable and accrued expenses | $132,025 |
| Grants payable | $0 |
| Deferred revenue | $110,066 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $242,091 |
| Net assets without donor restrictions | $934,775 |
| Net assets with donor restrictions | $437,750 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,614,616 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cherry Street Services Foundation has recieved totaling $45,250.
| Awarding Organization | Amount |
|---|---|
Rotary Club Of Grand Rapids- Charities Foundation Grand Rapids, MI PURPOSE: COMMUNITY | $19,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $14,250 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $10,000 |
Comerica Charitable Foundation Detroit, MI PURPOSE: CONTINUITY OF CARE DURING COVID-19 | $2,000 |
Endowment Analysis
| Beg. Balance | $129,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Community Services Inc Milwaukee, WI | $23,809,088 | $39,591,625 |
Mahoning County Community Corrections Assoc Inc Youngstown, OH | $10,219,696 | $8,740,239 |
Crime Victim Services Inc Lima, OH | $1,519,298 | $2,579,285 |
Community Transition Inc Lancaster, OH | $320,876 | $1,993,013 |
Truly Reaching You Akron, OH | $939,128 | $2,288,687 |
Stark County T A S C Inc Canton, OH | $869,629 | $1,464,822 |
Next Step Of West Michigan Grand Rapids, MI | $3,095,128 | $1,042,566 |
Court Community Service Cleveland, OH | $590,446 | $1,136,388 |
Victory Project Dayton, OH | $1,236,238 | $1,072,899 |
Ohio Bird Sanctuary Mansfield, OH | $2,338,995 | $1,333,026 |
Motherly Intercession Flint, MI | $222,554 | $366,278 |
Cherry Street Services Foundation Grand Rapids, MI | $1,614,616 | $609,423 |