The Warren Billy Cherry scholarship fund was established in memory of Warren Cherry, a much loved and respected educator from Evanston, Illinois. The Organizations mission is to perpetuate his total acceptance of all people, his commitment to the highest standards of educational excellence and his energetic dedication to enriching children and institutions of Evanston. The Organization awards scholarships to individuals allowing them to pursue their dreams of higher education.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $175K a year · 54% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Plus $2.8M in investments, Pt X · Ln 11–13
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $36K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 24 voting members
Looks good: 26 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$401K
-19% vs prior year
Spent
$188K
To programs
76%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$401K
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$229K
FY2021$216K
FY2022$268K
FY2023$498K
FY2024$401K
Expenses
$188K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$110K
FY2021$106K
FY2022$129K
FY2023$203K
FY2024$188K
Net assets
$3.1M
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.5M
FY2024$3.1M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1994.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $143K Management & general 21% · $39K Fundraising 3% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Warren Billy Cherry Scholarship Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to help Evanston students achieve higher education dreams.

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Provided by the organization

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1 program · $143K · in their own filed words · FY2024
01

The Organization awarded total of 25 scholarships to individuals allowing them to pursue their dreams of higher education.

$143Kprogram expense

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
Total grants receivedfrom 3 funders$36K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$401K
Ln 12
Investment incomeLn 3$164K
Gifts and grantsLn 1h$143K
Other incomeLn 4–11$94K
Money outPt IX
$188K
Ln 25
Programscol B$143K
Managementcol C$39K
Fundraisingcol D$6K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$3.1M
LiabilitiesLn 26$43K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$143K
Investment incomeLn 3$164K
Other incomeLn 4–11$94K
Gains on assetsLn 7$99K
Total revenueLn 12$401K
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$52K
Cash and savings togetherLn 1–2$192K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$83K
Total assetsLn 16$3.1M
LiabilitiesLn 26$43K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$247K$192K
InvestmentsLn 11–13$2.2M$2.8M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.6M$3.1M
LiabilitiesLn 26$42K$43K
Net assetsLn 32$2.5M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$780$780
Other expenses (24a–d)Ln 24$169K$143K$23K$3K
All other expensesLn 24e$8K$5K$3K
Total functional expensesLn 25$188K$143K$39K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $401K$188K$213K$3.1M 990 PDF
FY2023 $498K$203K$295K$2.5M 990 PDF
FY2022 $268K$129K$140K$2.0M 990 PDF
FY2021 $216K$106K$110K$2.2M 990 PDF
FY2020 $229K$110K$119K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $400,995 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $402,434$142,928
I-9 Program service revenue$0
I-10 Investment incomePrior year $45,992$164,492
I-11 Other revenuePrior year $49,553$93,575
I-12 Total revenuePrior year $497,979$400,995
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 $202,654$188,141
I-18 Total expensesPrior year $202,654$188,141
I-19 Revenue less expensesPrior year $295,325$212,854
Part VI · Governance 26 of 24 board members independent, 4 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $400,995 across 8 lines filed
VIII-1f All other contributions, gifts and grants$142,928
VIII-1h Total contributions, gifts and grants$142,928
VIII-3 Investment incomeRelated to mission $65,988$65,988
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $98,504$98,504
VIII-8 Net income from fundraising events$93,575
VIII-12 Total revenueRelated to mission $164,492$400,995
Part IX · Statement of functional expenses $188,141 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,000$5,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $3,770$3,770
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,245$1,245
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $780$780
IX-24 Other expenses (24a–d)Programs $143,439 · Management $23,290 · Fundraising $2,664$169,393
IX-24e All other expensesManagement $4,803 · Fundraising $3,150$7,953
IX-25 Total functional expensesPrograms $143,439 · Management $38,888 · Fundraising $5,814$188,141
Part X · Balance sheet $3,132,494 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $231,714$139,681
X-2 Savings and temporary cash investmentsStart of year $14,828$52,217
X-3 Pledges and grants receivableStart of year $82,000$45,500
X-4 Accounts receivableStart of year $9,990$30,000
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $2,168,700$2,781,817
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $75,293$83,279
X-16 Total assetsStart of year $2,582,525$3,132,494
X-17 Accounts payable and accrued expensesStart of year $42,474$43,357
X-26 Total liabilitiesStart of year $42,474$43,357
X-27 Net assets without donor restrictionsStart of year $2,540,051$3,089,137
X-32 Total net assets or fund balancesStart of year $2,540,051$3,089,137
X-33 Total liabilities and net assetsStart of year $2,582,525$3,132,494
Part XI · Reconciliation of net assets $3,089,137 net assets at year end
XI-1 Total revenue$400,995
XI-2 Total expenses$188,141
XI-3 Revenue less expenses$212,854
XI-4 Net assets at start of year$2,540,051
XI-5 Net unrealized gains (losses) on investments$336,232
XI-10 Net assets at end of year$3,089,137

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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