Cherry Family Foundation
- Assets
- $490.2k
- Revenue
- $48.9k
- Investments
- $480.0k
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-1203258
Organization Overview
Cherry Family Foundation is located in West Hartford, CT. The organization was established in 2014. 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. 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 06/2023, Cherry Family Foundation generated $48.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $93.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cherry Family Foundation has awarded 160 individual grants totaling $676,431. 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 |
|---|---|---|---|
David A Cherry Trustee | 5 | $0 | |
Thomas R Cherry Trustee | 5 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $20,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,552 |
| Capital Gain Net Income | $28,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,919 |
| Total operating and administrative expenses | $22,104 |
| Contributions, gifts, grants paid | $71,725 |
| Total expenses and disbursements | $93,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,276 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $490,226 |
| 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 $71,725 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BRITTANY RESCUE IN TEXAS INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $2,000 |
DAN COSGROVE ANIMAL SHELTER PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $10,000 |
AURORA WOMENS & GIRLS FOUNDATION PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $750 |
DESMONDS ARMY ANIMAL LAW ADVOCATES PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $3,000 |
FARM RIVER WILDLIFE RESCUE & REHABILITATION INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $10,000 |
GRACE COTTAGE PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $1,000 |