Gwen Cherry Park Foundation Inc
- Assets
- $779.6k
- Revenue
- $36.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 65-0690643
Organization Overview
Gwen Cherry Park Foundation Inc is located in Miami, FL. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gwen Cherry Park 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 12/2022, Gwen Cherry Park Foundation Inc generated $36.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $93.7k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO THE ACADEMIC,HEALTH,CULTURAL,SOCIAL AND ATHLETIC PROGRAMMING AT THE YOUTH EDUCATION TOWN IN MIAMI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND RECREATIONAL OPPORTUNITIES WERE PROVIDED FOR MINORITY DISADVANTAGE AND AT RISK YOUTHS
EDUCATIONAL AND RECREATIONAL OPPORTUNITIES WERE PROVIDED FOR MINORITY DISADVANTAGE AND AT RISK YOUTHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Black Secretarytrustee | OfficerTrustee | 2 | $0 |
Harold T Smith Presidenttrustee | OfficerTrustee | 6 | $0 |
Jerry Sawyer Trustee | Trustee | 2 | $0 |
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 | $107,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,005 |
| Total Program Service Revenue | $0 |
| Investment income | -$70,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,984 |
| Grants and other assistance to domestic individuals. | $20,000 |
| 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 | $3,654 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,993 |
| Fees for services: Other | $0 |
| Advertising and promotion | $572 |
| Office expenses | $2,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $93,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,595 |
| Savings and temporary cash investments | $14,153 |
| 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 | $693,837 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,585 |
| 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 | $779,585 |
| 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 | $779,585 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gwen Cherry Park Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $10,000 |
South Florida Sports Foundation Inc Miami Gardens, FL PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |
Broward Healthy Start Coalition Inc Fort Lauderdale, FL | $7,243,529 | $8,773,268 |
A Plus Education Partnership Montgomery, AL | $5,680,033 | $9,890,128 |
Palm Bay Education Group Inc Panama City, FL | $22,445,635 | $7,030,723 |
School Of Arts And Sciences Foundation Inc Tallahassee, FL | $10,374,797 | $7,405,221 |
Lake Worth Christian School Society Inc Boynton Beach, FL | $6,651,410 | $7,849,031 |
Alabama Christian Academy Montgomery, AL | $8,754,762 | $7,432,342 |
Sigsbee Charter School Inc Key West, FL | $19,242,847 | $7,585,354 |
Towers Home Care And Rehabilitation Services Inc Orlando, FL | $3,299,514 | $7,055,692 |