Cherry Family Foundation
- Assets
- $515.3k
- Revenue
- $67.8k
- Investments
- $501.2k
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 07/2014
- Data as of
- 06/2022
- 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 06/2022, Cherry Family Foundation generated $67.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $102.3k during the year ending 06/2022. While expenses have increased by 0.1% 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 Family Foundation has awarded 144 individual grants totaling $604,706. 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 | $7,000 | |
Thomas R Cherry Trustee | 5 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $19,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,464 |
| Capital Gain Net Income | $48,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,390 |
| Total operating and administrative expenses | $33,031 |
| Contributions, gifts, grants paid | $69,250 |
| Total expenses and disbursements | $102,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,101 |
| 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 | $515,278 |
| 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 $69,250 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN CT UNIVERSITY FOUNDATION PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $15,000 |
Londonderry, VT PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $9,500 |
Kent, CT PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $5,000 |
FRIENDS OF MCGILL UNIVERSITY INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $5,000 |
SAIL CT ACCESS PROGRAM PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $5,000 |
HARTFORD PROMISE (HARTFORD FOUNDATION PUBLIC GIVING) PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |