Cherry Blossom Inc
- Assets
- $674.4k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Bethesda, MD
- Founding
- 12/2005
- Data as of
- 10/2023
- EIN
- 52-1640318
Organization Overview
Cherry Blossom Inc is located in Bethesda, MD. The organization was established in 2005. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Cherry Blossom Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry Blossom 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 10/2023, Cherry Blossom Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.5m during the year ending 10/2023. While expenses have increased by 6.7% 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 2015, Cherry Blossom Inc has awarded 17 individual grants totaling $274,801. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTH AND FITNESS THROUGH EDUCATION AND ATHLETIC COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ANNUALLY CONDUCTS A RUNNING EVENT FORMALLY TITLED "THE CREDIT UNION CHERRY BLOSSOM TEN MILE RUN", WHICH CONSISTS OF THREE ELEMENTS: A TEN-MILE RUN, A FIVE KILOMETER RUN-WALK, AND A HALF-MILE CHILDREN'S RUN. THE EVENT PROVIDED THE OPPORTUNITY FOR 16,755 TEN-MILE PARTICIPANTS AND 5,853 FIVE-KILOMETER PARTICIPANTS TO TAKE PART IN ACTIVITIES THAT PROMOTED THEIR HEALTH AND FITNESS, PROVIDED AN ENJOYABLE EXPERIENCE AND HELPED FIGHT CONCERNS OVER THE GROWING OBESITY CRISIS IN THE UNITED STATES. THE EVENT OFFERED EDUTCATIONAL OPPORTUNITIES FOR PARTICIPANTS AT A SERIES OF CLINICS COVERING TRAINING, INJURY PREVENTION AND NUTRITION AT THE HEALTH AND FITNESS EXPOSITION.
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 |
|---|---|---|---|
Philip Stewart Event Director | 40 | $131,667 | |
Becky Lambros Deputy Director | 40 | $121,667 | |
Pam Balcke At-Large Director | Trustee | 1 | $37,632 |
Charlie Harr At-Large Director | Trustee | 1 | $4,000 |
Nita Roncone At-Large Director | Trustee | 1 | $4,000 |
Jean Arthur President | OfficerTrustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $792,045 |
| Noncash contributions included in lines 1a–1f | $294,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $792,045 |
| Total Program Service Revenue | $1,561,948 |
| Investment income | $304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,704 |
| Net Gain/Loss on Asset Sales | $41,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,497,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,839 |
| 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. | $9,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,210 |
| Pension plan accruals and contributions | $16,271 |
| Other employee benefits | $0 |
| Payroll taxes | $22,886 |
| Fees for services: Management | $133,630 |
| Fees for services: Legal | $1,772 |
| Fees for services: Accounting | $26,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,297 |
| Advertising and promotion | $7,490 |
| Office expenses | $125,764 |
| Information technology | $56,194 |
| Royalties | $0 |
| Occupancy | $90,313 |
| Travel | $47,942 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,120,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,918 |
| All other expenses | $0 |
| Total functional expenses | $2,473,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,361 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $674,361 |
| Net assets with donor restrictions | $0 |
| 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 | $674,361 |
Grants Awarded
Over the last fiscal year, Cherry Blossom Inc has awarded $99,440 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MIRACLE NETWORK PURPOSE: GENERAL OPERATING SUPPORT | $87,627 |
CHERRY BLOSSOM FESTIVAL PURPOSE: FESTIVAL SUPPORT | $6,450 |
PRRO CLEAN SPORT PURPOSE: GENERAL OPERATING SUPPORT | $5,363 |