Cherryville High School Education Foundation EIN 27-4027430

Cherryville High School Education Foundation

EIN  27-4027430 Public charity (501(c)(3)) Cherryville, NC
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Size
$100K–1M
What they do
Funds Cherryville High School to enrich curriculum and student educational experiences.
Leadership
Nan Davis · Executive Di · $4K
Money in and out
$399K revenue, $307K expenses
Bottom line
100% program efficiency

Funds Cherryville High School to enrich curriculum and student educational experiences. For fiscal year 2025 it reported $399K in revenue, $307K in expenses, and $772K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$307K
Pt IX · Ln 25
Net assets
$772K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $92K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate▼ -28% vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▼ -37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$399K
FY2025▲ +47%
Expenses
$307K
FY2025▲ +78%
Total assets
$772K
FY2025▲ +14%
Total liabilities
$0
FY2025
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$307K
Pt IX · Ln 25
Net assets
$772K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$92K
Total assetsPt X · Ln 16$772K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $307K of program spending, described in the organization's own filed words · FY2024.
01

The foundation seeks to enrich the curriculum, instruction, and overall educational experience for all cherryville high school students by providing grants to the school and teachers and by purchasing school supplies for teachers.

$307Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCherryville High School Education Foundation
EINHdr · item D27-4027430
Principal addressHdr · item CCherryville, NC
WebsiteHdr · item Jwww.chsefnc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$3,600Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nan Davis’s $4K as Executive Di is at the 3rd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nan Davis$3,600$6,400$3,600$5,200$5,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$371K · 93%
Investment income$36K · 9%
Contributions & grants93%$371K
Investment income9%$36K
Total revenueLn 12$399K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$307K
Total functional expensesLn 25$307K

Balance Sheet

Part X · end of year
CashLn 1$193K
Total assetsLn 16$772K
Total liabilitiesLn 26$0
Total net assetsLn 32$772K
Months of cash on handcomputed7.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $193K · Operating expenses (Pt IX) $307K · Less non-cash grants $50K · Cash operating expenses/yr $257K
9.0 months
Where the money goes
Program services
Program services $307K · Total expenses $307K
100%
Management & General
Management & general $0 · Total expenses $307K
0%
Fundraising
Fundraising $0 · Total expenses $307K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $237K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $371K · Total revenue $399K
93%
Government reliance
Government grants — · Total revenue $399K
Earned-income share
Program service revenue $0 · Total revenue $399K
0%
Investment reliance
Investment income $36K · Total revenue $399K
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $307K
0%
Growth & trend
Revenue growth (YoY)
This year $399K · Prior year $271K
+47%
Revenue CAGR
FY2020 $182K · FY2024 $399K
+22%
Net-asset trend (YoY)
End of year $772K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $399K · Expenses $307K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $772K
Net-asset ratio
Net assets $772K · Total assets $772K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $772K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nan Davis · Reported title EXECUTIVE DI · Highest reported compensation $4K · Total expenses $307K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5K · Total expenses $307K
2%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 47%
Investment management fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$10K
Grants paid · 2 grants · $74K · 2023–2024
Cherryville High SchoolFY2024$20,668
Cherryville High SchoolFY2023$53,076

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$399K revenue · viewing · ⤓ 990 PDF
FY2024$271K revenue · ⤓ 990 PDF
FY2023$123K revenue · ⤓ 990 PDF
FY2022$93K revenue · ⤓ 990 PDF
FY2021$182K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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