Cherith Foundation Inc
- Assets
- $15.7m
- Revenue
- $820.1k
- Investments
- $11.2m
- Employees
- 0
- Location
- Prides Crossing, MA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-3126397
Organization Overview
Cherith Foundation Inc is located in Prides Crossing, MA. The organization was established in 2013. 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. Cherith Foundation Inc 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, Cherith Foundation Inc generated $820.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cherith Foundation Inc has awarded 77 individual grants totaling $8,767,167. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Child President | 40 | $75,000 | |
Scott S Chen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $11,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $808,478 |
| Capital Gain Net Income | $808,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $820,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111,763 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,517 |
| Total operating and administrative expenses | $242,780 |
| Contributions, gifts, grants paid | $1,764,992 |
| Total expenses and disbursements | $2,007,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,447,460 |
| Savings and temporary cash investments | $226 |
| 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 | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,215,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,000 |
| Total assets | $15,734,931 |
| 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, Cherith Foundation Inc has awarded $1,764,992 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BETHANY INTERNATIONAL PURPOSE: THEOLOGICAL EDUCATION AND EVANGELISM | $1,042,532 |
BETHANY INTERNATIONAL PURPOSE: THEOLOGICAL EDUCATION AND EVANGELISM | $158,000 |
BETHANY INTERNATIONAL PURPOSE: THEOLOGICAL EDUCATION AND EVANGELISM | $115,000 |
CHINA EVANGELICAL SEMINARY PURPOSE: THEOLOGICAL EDUCATION AND EVANGELISM | $114,360 |
BETHANY INTERNATIONAL PURPOSE: THEOLOGICAL EDUCATION AND EVANGELISM | $110,000 |
ASIA PACIFIC MISSION LTD PURPOSE: THEOLOGICAL EDUCATION AND EVANGELISM | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cherith Foundation Inc has recieved totaling $152,500.
| Awarding Organization | Amount |
|---|---|
The@sdsc Global Foundation Andover, MA PURPOSE: GENERAL PURPOSE | $152,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |