Cherith Christian Private Foundation
- Assets
- $1.3m
- Revenue
- $81.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/1989
- Data as of
- 04/2024
- EIN
- 95-4222174
Organization Overview
Cherith Christian Private Foundation is located in Palo Alto, CA. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherith Christian Private 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 04/2024, Cherith Christian Private Foundation generated $81.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $152.1k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cherith Christian Private Foundation has awarded 294 individual grants totaling $1,157,866. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR INDIVIDUALS INVOLVED WITH FULL-TIME OR PART-TIME CHRISTIAN WORK, EITHER AT A CHURCH OR WITH A PARA CHURCH ORGANIZATION, FOR MISSIONARY WORK AND MINISTRY.
ALL DIRECT CHARITABLE ACTIVITIES FALL INTO THE ABOVE CATEGORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felix Yen CEO | 0 | $0 | |
Lucy Chen CFO | 0 | $0 | |
Diane Chen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,022 |
| Interest on Savings | $973 |
| Dividends & Interest | $21,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,886 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,028 |
| Total operating and administrative expenses | $12,627 |
| Contributions, gifts, grants paid | $139,462 |
| Total expenses and disbursements | $152,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,949 |
| Savings and temporary cash investments | $190,378 |
| 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 | $221,726 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,348,431 |
| 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, Cherith Christian Private Foundation has awarded $139,462 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
PIONEERS PURPOSE: MINISTRY | $3,000 |
BRIDGES OF HOPE INTERNATIONAL PURPOSE: MINISTRY | $9,800 |
SUDAN INLAND MISSION USA PURPOSE: MINISTRY | $2,400 |
CHINA OUTREACH MINISTRIES PURPOSE: MINISTRY | $5,400 |
CITY TO CITY TAIWAN ASSOCIATION PURPOSE: MINISTRY | $35,162 |
I WILL SHARE ASSOCIATION PURPOSE: MINISTRY | $35,000 |