Cherokee Community Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 30-0036983)

Revenue by fiscal year
FY2020	$274K
FY2021	$503K
FY2022	$275K
FY2023	$139K
FY2024	$209K
FY2025	$64K

Expenses by fiscal year
FY2020	$178K
FY2021	$820K
FY2022	$103K
FY2023	$97K
FY2024	$449K
FY2025	$35K

Net assets by fiscal year
FY2020	$423K
FY2021	$90K
FY2022	$262K
FY2023	$306K
FY2024	$68K
FY2025	$98K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $103K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Melinda Brown

Director

$0Pt VII · Sec A

Cheryl Ellis

Director

$0Pt VII · Sec A

Lorna Kohn

Director

$0Pt VII · Sec A

Eric List

Director

$0Pt VII · Sec A

Craig Schmidt

Mayor

$0Pt VII · Sec A

David Wilberding

Director

$0Pt VII · Sec A

Sara Lucas

Secretary/Tr

$0Pt VII · Sec A

See Cherokee Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves quality of life facilities and activities in Cherokee, Iowa.

Provided by the organization

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3 programs · in their own filed words · FY2022

01

Magnetic Park

Engineering, construction and equipment costs for the development of a 2.25 mile recreational, paved trail to include outdoor classrooms, historic recognitions sites, pollination gardens and a rustic playground area - grant income reported on part viii

Pt IX · col B

02

Toys for Tots

Purchase toys and clothing for needy children to be distributed during the christmas season - income reported on part viii

Pt IX · col B

03

Skate Park

Engineering, construction and equipment costs for the development of a skate park - income reported on part viii

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$14K

Total grants receivedfrom 1 funder$14K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$275K

Ln 12

Gifts and grantsLn 1h$275K

Investment incomeLn 3$203

Money outPt IX

$103K

Ln 25

Programscol B$103K

Owns and owesPt X

$262K

net assets · Ln 32

Cash and savingsLn 1–2$262K

Total assetsLn 16$262K

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$275K

Government grantsLn 1e$30K

Investment incomeLn 3$203

Total revenueLn 12$275K

Assets in detailPt X, end of year

CashLn 1$262K

Cash and savings togetherLn 1–2$262K

Total assetsLn 16$262K

LiabilitiesLn 26$0

Net assetsLn 32$262K

OperationsPt I, VI

EmployeesI 50

VolunteersI 630

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$90K	$262K
Total assetsLn 16	$90K	$262K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$90K	$262K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$550	$550
Advertising and promotionLn 12	$4K	$4K
Office expensesLn 13	$80	$80
Conferences, conventions and meetingsLn 19	$275	$275
InterestLn 20	$2K	$2K
Other expenses (24a–d)Ln 24	$96K	$96K
All other expensesLn 24e	$428	$428
Total functional expensesLn 25	$103K	$103K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$64K	$35K	$29K	$98K	990 PDF
FY2024	$209K	$449K	−$240K	$68K	990 PDF
FY2023	$139K	$97K	$42K	$306K	990 PDF
FY2022 Viewing	$275K	$103K	$172K	$262K	990 PDF
FY2021	$503K	$820K	−$318K	$90K	990 PDF
FY2020	$274K	$178K	$97K	$423K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $275,411 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $502,612$275,208

I-9 Program service revenue$0

I-10 Investment incomePrior year $274$203

I-11 Other revenue$0

I-12 Total revenuePrior year $502,886$275,411

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $820,457$103,442

I-18 Total expensesPrior year $820,457$103,442

I-19 Revenue less expensesPrior year −$317,571$171,969

Part VI · Governance 0 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $275,411 across 5 lines filed

VIII-1e Government grants$30,322

VIII-1f All other contributions, gifts and grants$244,886

VIII-1h Total contributions, gifts and grants$275,208

VIII-3 Investment incomeRelated to mission $203$203

VIII-12 Total revenueRelated to mission $203$275,411

Part IX · Statement of functional expenses $103,442 across 7 lines filed

IX-11c Accounting feesPrograms $550$550

IX-12 Advertising and promotionPrograms $4,412$4,412

IX-13 Office expensesPrograms $80$80

IX-19 Conferences, conventions and meetingsPrograms $275$275

IX-20 InterestPrograms $1,811$1,811

IX-24 Other expenses (24a–d)Programs $95,886$95,886

IX-24e All other expensesPrograms $428$428

IX-25 Total functional expensesPrograms $103,442 · Management $0 · Fundraising $0$103,442

Part X · Balance sheet $261,658 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $89,689$261,658

X-16 Total assetsStart of year $89,689$261,658

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $89,689$261,658

X-33 Total liabilities and net assetsStart of year $89,689$261,658

Part XI · Reconciliation of net assets $261,658 net assets at year end

XI-1 Total revenue$275,411

XI-2 Total expenses$103,442

XI-3 Revenue less expenses$171,969

XI-4 Net assets at start of year$89,689

XI-10 Net assets at end of year$261,658

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Cherokee Community Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Magnetic Park

Toys for Tots

Skate Park

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV