Totals
- Total revenue
- $400,587
- Total expenses
- $470,524
- Contributions and grants received
- $270,506
- Grants paid
- $0
- Program service revenue
- $10,185
- Investment income
- $167,507
- Other revenue
- -$47,611
- Total assets, end of year
- $1,134,458
- Total liabilities, end of year
- $6,338
- Net assets or fund balances, end of year
- $1,128,120
- Program services expenses (Part IX)
- $448,686
- Management and general expenses
- $21,838
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $448,686
Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$270,506
-
2a · Program service revenue: COMMUNITY CENTER RENTAL
total $8,495 · related or exempt $8,495
-
2b · Program service revenue: ALUMNI HALL RENTAL
total $1,690 · related or exempt $1,690
-
3 · Investment income
total $35,083 · related or exempt $35,083
-
7a · Gross sales of assets other than inventory
securities $943,408
-
7b · Less cost or other basis and sales expenses
securities $810,984
-
7c · Gain or loss
securities $132,424
-
7d · Net gain or loss
total $132,424 · related or exempt $132,424
-
11a · Other revenue: CHANGE IN UNREALIZED GAIN
total -$47,611 · excluded -$47,611
-
11e · Other revenue, total
-$47,611
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $4,175 · management and general $4,175
-
11f · Fees: investment management
total $8,205 · management and general $8,205
-
13 · Office expenses
total $1,594 · management and general $1,594
-
23 · Insurance
total $2,341 · management and general $2,341
-
24a · Other expenses: COMMUNITY CENTER IMPROVEM
total $412,360 · program services $412,360
-
24b · Other expenses: COMMUNITY CENTER EXPENSES
total $16,851 · program services $16,851
-
24c · Other expenses: SUPPLIES
total $4,433 · management and general $4,433
-
24d · Other expenses: ALUMNI HALL EXPENSES
total $4,195 · program services $4,195
-
24e · All other expenses
total $16,370 · program services $15,280 · management and general $1,090
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $259,108 · end of year $138,571
-
11 · Investments: publicly traded securities
beginning of year $938,949 · end of year $989,549
-
15 · Other assets
end of year $6,338
-
25 · Other liabilities
end of year $6,338
-
27 · Net assets without donor restrictions
beginning of year $1,198,057 · end of year $1,128,120
Mission and programs · 2024
Mission
THE CHERRY RIVER FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO BE A VEHICLE FOR PEOPLE OF ALL MEANS TO MAKE A LASTING DIFFERENCE IN THEIR COMMUNITY. THE CENTRAL PURPOSE OF THE FOUNDATION IS TO SERVE THE NEEDS AND PHILANTHROPIC AIMS OF DONORS WHO WISH TO BETTER THEIR COMMUNITY, NOW, AND IN THE FUTURE.
Activities or mission (Part I)
THE CHERRY RIVER FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO BE A VEHICLE FOR PEOPLE OF ALL MEANS TO MAKE A LASTING DIFFERENCE IN THEIR COMMUNITY. THE CENTRAL PURPOSE OF A COMMUNITY FOUNDATION IS TO SERVE THE NEEDS AND PHILANTHROPIC AIMS OF DONORS WHO WISH TO BETTER THEIR COMMUNITY, NOW AND IN THE FUTURE.
-
OUR ORGANIZATION WILL PROVIDE GRANT FUNDS TO ORGANIZATIONS THAT SERVE THE GREATER RICHWOOD AREA AS WELL AS SCHOLARSHIPS TO STUDENTS OF RICHWOOD HIGH SCHOOL. A GRANT APPLICATION WILL BE UTILIZED TO AWARD GRANT FUNDS, THIS WILL INVOLVE UNDERSTANDING THE PROJECT, THE NEED FOR THE PROJECT, BUDGET AND IMPACT ON THE COMMUNITY. SHCOLARSHIPS WILL BE AWARDED BASED ON THE CRITERIAL SET UP BY EACH DONOR FOR THEIR SCHOLARSHIP. COMMON FACTORS ARE GPA, ACT/SAT SCORES, EXTRACURRICULAR ACTIVITIES, COMMUNITY SERVICE, WORK EXPERIENCE AND RECOMMENDATION.
Expenses $1,000
-
THE CHERRY RIVER FOUNDATION WILL DISTRIBUTE GRANTS TO OTHER NONPROFITS TO HELP THEM SERVE THE NEEDS OF THE COMMUNITY. GRANTS AND SCHOLARSHIPS WILL BE AWARDED THROUGH AN APPLICATION. ORGANIZATIONS WILL SUBMIT A PROJECT OR NEED AND DISCUSS THE REASONING AND BENEFITS OF THE PROJECT AS WELL AS A BUDGET FOR THE PROJECT.
Expenses $11,830
-
THE ORGANIZATION RENOVATED ALUMNI HALL AND THE COMMUNITY CENTER TO SERVE THE COMMUNITY OF RICHWOOD. THESE ARE AVAILABLE TO RENT FOR VARIOUS SOCIAL FUNCTIONS. RENOVATION IN 2024 INCLUDED ROOFING AND FLOORING.
Expenses $435,856 · Revenue $10,185
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ryan BennettRYAN BENNETT
TREASURER
- Total calculated
- $0
-
Cory ChambersCORY CHAMBERS
PRESIDENT
- Total calculated
- $0
-
Marsha HannaMARSHA HANNA
BOARD MEMBER
- Total calculated
- $0
-
Dan RitcheyDAN RITCHEY
BOARD MEMBER
- Total calculated
- $0
-
Denise TaylorDENISE TAYLOR
SECRETARY
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 June 2025
- IRS schema version
- 2024v5.0
- Source object
- 202531889349300688
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