Cherokee Educational Foundation FY2021 filing

Tax-deductible

Cherokee, IA501(c)(3)Since 1985EducationEIN 42-1342574

Support cherokee community schools

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $91K a year · 26% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 21 voting members
Looks good: 19 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$323K
-43% vs prior year
Spent
$201K
To programs
98%
Net assets
$564K
By yearFY2020–FY2025
Revenue
$323K
FY2021▼ -43%
Revenue by fiscal year
FY2020$569K
FY2021$323K
FY2022$250K
FY2023$313K
FY2024$299K
FY2025$310K
Expenses
$201K
FY2021▲ +38%
Expenses by fiscal year
FY2020$145K
FY2021$201K
FY2022$375K
FY2023$276K
FY2024$266K
FY2025$256K
Net assets
$564K
FY2021
Net assets by fiscal year
FY2020$0
FY2021$564K
FY2022$781K
FY2023$919K
FY2024$979K
FY2025$1.2M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

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

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $198K Fundraising 2% · $3K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cherokee Educational 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

Helps Cherokee Community Schools succeed by providing resources and support.

Provided by the organization

This section is blank until Cherokee Educational Foundation claims this page.

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3 program services, described in the organization's own filed words · FY2021.
01

scholarship(s) awarded through Cherokee Community School District

Pt IX · col B
02

paid for special school programs & resources

Pt IX · col B
03

Paid for athletic department

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 13 grants · $1.5M · 2020–2025
Cherokee Community School DistrictFY2025$210,134
Unitemized GrantFY2025$43,000
Cherokee Community School DistrictFY2024$237,447
Unitemized GrantFY2024$26,100
Cherokee Community School DistrictFY2023$245,710
Unitemized GrantFY2023$27,700
Cherokee Community School DistrictFY2022$347,564
Unitemized GrantFY2022$24,200
Cherokee Community SchoolsFY2021$175,272
Scholarships AwardedFY2021$22,450
Cherokee Community SchoolsFY2020$105,478
Unitemized GrantFY2020$20,700
Scholarships AwardedFY2020$20,700

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$323K
Ln 12
Gifts and grantsLn 1h$181K
Investment incomeLn 3$119K
Other incomeLn 4–11$23K
Money outPt IX
$201K
Ln 25
Programscol B$198K
Fundraisingcol D$3K
Owns and owesPt X
$564K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$564K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$181K
Fundraising eventsLn 1c$0
Investment incomeLn 3$119K
Other incomeLn 4–11$23K
Gains on assetsLn 7$90K
Total revenueLn 12$323K
Assets in detailPt X, end of year
SavingsLn 2$32K
Cash and savings togetherLn 1–2$32K
InvestmentsLn 11–13$533K
Total assetsLn 16$564K
LiabilitiesLn 26$0
Net assetsLn 32$564K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
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
LineStart FY21End FY21
Cash and savingsLn 1–2$32K
InvestmentsLn 11–13$533K
Total assetsLn 16$0$564K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$564K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$175K$175K
Grants to domestic individualsLn 2$22K$22K
Investment management feesLn 11f$3K$0$0$3K
Total functional expensesLn 25$201K$198K$0$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $310K$256K$54K$1.2M 990 PDF
FY2024 $299K$266K$32K$979K 990 PDF
FY2023 $313K$276K$37K$919K 990 PDF
FY2022 $250K$375K−$125K$781K 990 PDF
FY2021 Viewing $323K$201K$122K$564K 990 PDF
FY2020 $569K$145K$424K$0 990 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $323,312 across 7 lines filed
VIII-1c Fundraising events$0
VIII-1f All other contributions, gifts and grants$155,896
VIII-1h Total contributions, gifts and grants$181,254
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$28,680
VIII-7 Net gain or loss on sales of assetsRelated to mission $89,905 · Unrelated business $0 · Excluded from tax $0$89,905
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $23,473$23,473
VIII-12 Total revenueRelated to mission $118,585 · Unrelated business $0 · Excluded from tax $23,473$323,312
Part IX · Statement of functional expenses $201,103 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $175,272$175,272
IX-2 Grants to domestic individualsPrograms $22,450$22,450
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $3,381$3,381
IX-25 Total functional expensesPrograms $197,722 · Management $0 · Fundraising $3,381$201,103
Part X · Balance sheet $564,443 assets, 8 lines filed
X-2 Savings and temporary cash investments$31,516
X-11 Publicly traded securities$532,927
X-16 Total assetsStart of year $0$564,443
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$99,373
X-28 Net assets with donor restrictions$465,070
X-32 Total net assets or fund balancesStart of year $0$564,443
X-33 Total liabilities and net assetsStart of year $0$564,443
Part XI · Reconciliation of net assets $564,443 net assets at year end
XI-1 Total revenue$323,312
XI-2 Total expenses$201,103
XI-3 Revenue less expenses$122,209
XI-10 Net assets at end of year$564,443

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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