Cerise Family Foundation
- Assets
- $5.7m
- Revenue
- $4.4m
- Investments
- $1.3m
- Employees
- 0
- Location
- Friendswood, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-3235329
Organization Overview
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
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 |
|---|---|---|---|
Leonard Cherry Director | 1 | $0 | |
Regina Cherry Director | 1 | $0 | |
Elaine Stark Director | 1 | $0 | |
Hayley Wagoner Director | 1 | $0 |
Financial Statements
| 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 |
Grants Awarded
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 |