Cerise Family Foundation is located in Friendswood, TX. 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. Cerise 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 12/2022, Cerise Family Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.4% each year .
Since 2021, Cerise Family Foundation has awarded 12 individual grants totaling $442,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO HOUSTON METHODIST FOUNDATION
DONATION TO FRIENDSWOOD ISD EDUCATION FOUNDATION
DONATION TO PRISON ENTREPRENEUR PROGRAM
DONATION TO GALVESTON COUNTY FAIR & RODEO
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leonard Cherry Director | 1 | $0 | |
Regina Cherry Director | 1 | $0 | |
Elaine Stark Director | 1 | $0 | |
Hayley Wagoner Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $5,000,000 |
Interest on Savings | $22,852 |
Dividends & Interest | $112,920 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$771,503 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $4,364,269 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $754 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $13,945 |
Contributions, gifts, grants paid | $281,250 |
Total expenses and disbursements | $295,195 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,456,552 |
Savings and temporary cash investments | $0 |
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 | $5,707,104 |
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 |
Over the last fiscal year, Cerise Family Foundation has awarded $281,250 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
BRAZORIA COUNTY FAIR ASSOCIATION PURPOSE: DONATION TO LIVESTOCK AUCTION | $250 |
FRIENDSWOOD ISD EDUCATION FOUNDATION PURPOSE: DONATION TO SCHOOL FOUNDATION | $20,000 |
GALVESTON COUNTY FAIR & RODEO PURPOSE: DONATION TO LIVESTOCK AUCTION | $1,000 |
HOUSTON METHODIST FOUNDATION PURPOSE: DONATION TO HOSPITAL | $250,000 |
PRISON ENTREPRENEUR PROGRAM PURPOSE: DONATION TO NON PROFIT PROGRAM | $10,000 |