501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 7
filings with a surplus
Average surplus $112K a year · 37% of revenue · last 7 filings
Fine: a surplus in 5 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Plus $835K in investments, Pt X · Ln 11–13
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $75K
Looks good: 3 funders name it on their filings; 3 or more.
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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$329K
+4% vs prior year
Spent
$342K
To programs
96%
Net assets
$1.1M
By yearFY2019–FY2025
Revenue
$329K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2019$138K
FY2020$90K
FY2021$317K
FY2022$329K
FY2023$161K
FY2024$401K
FY2025$699K
Expenses
$342K
FY2022▲ +299%
Tap a bar for its year
Expenses by fiscal year
FY2019$58K
FY2020$12K
FY2021$86K
FY2022$342K
FY2023$39K
FY2024$471K
FY2025$345K
Net assets
$1.1M
FY2022▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2019$780K
FY2020$858K
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.1M
FY2025$1.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 2021.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $329K Management & general 4% · $13K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Ryan Bennett’s $15K as Treasurer is at the 14th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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.

See The Cherry River Foundation INC 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 people make a lasting difference in their community through charitable giving.

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Provided by the organization

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2 programs · $329K · in their own filed words · FY2022
01

The cherry river foundation will distribute grants to other nonprofits to help them serve the needs of the community. Grants and scholarships will be awarded through an application. Organizations will submit a project or need and discuss the reasoning and benefits of the project as well as a budget for the project.

$323Kprogram expense
02

Our organization will provide grant funds to organizations that serve the greater richwood area as well as scholarships to students of richwood high school. A grant application will be utilized to award grant funds, this will involve understanding the project, the need for the project, budget and impact on the community.

$6Kprogram 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$75K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$329K
Ln 12
Gifts and grantsLn 1h$412K
Investment incomeLn 3$14K
Fees for servicesLn 2g$425
Money outPt IX
$342K
Ln 25
Programscol B$329K
Managementcol C$13K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$412K
Fees for servicesLn 2g$425
Investment incomeLn 3$14K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$241K
Cash and savings togetherLn 1–2$241K
InvestmentsLn 11–13$835K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY22End FY22
Cash and savingsLn 1–2$175K$241K
InvestmentsLn 11–13$915K$835K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$6K$6K
InsuranceLn 23$740$740
Other expenses (24a–d)Ln 24$320K$320K
All other expensesLn 24e$10K$10K$616
Total functional expensesLn 25$342K$329K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $699K$345K$355K$1.5M 990 PDF
FY2024 $401K$471K−$70K$1.1M 990 PDF
FY2023 $161K$39K$122K$1.2M 990 PDF
FY2022 Viewing $329K$342K−$13K$1.1M 990 PDF
FY2021 $317K$86K$231K$1.1M 990 PDF
FY2020 $90K$12K$78K$858K 990 PDF
FY2019 $138K$58K$79K$780K 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 FY2022 990 (6 parts)
Part I · Summary $328,735 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,226$412,079
I-9 Program service revenue$425
I-10 Investment incomePrior year $35,569$14,146
I-11 Other revenuePrior year $61,046−$97,915
I-12 Total revenuePrior year $316,841$328,735
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 $85,714$342,106
I-18 Total expensesPrior year $85,714$342,106
I-19 Revenue less expensesPrior year $231,127−$13,371
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $328,735 across 6 lines filed
VIII-1f All other contributions, gifts and grants$412,079
VIII-1h Total contributions, gifts and grants$412,079
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $425$425
VIII-3 Investment incomeRelated to mission $14,146$14,146
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$97,915−$97,915
VIII-12 Total revenueRelated to mission $14,571 · Excluded from tax −$97,915$328,735
Part IX · Statement of functional expenses $342,106 across 5 lines filed
IX-11c Accounting feesManagement $4,913$4,913
IX-11f Investment management feesManagement $6,447$6,447
IX-23 InsuranceManagement $740$740
IX-24 Other expenses (24a–d)Programs $319,623$319,623
IX-24e All other expensesPrograms $9,767 · Management $616$10,383
IX-25 Total functional expensesPrograms $329,390 · Management $12,716 · Fundraising $0$342,106
Part X · Balance sheet $1,076,031 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $174,844$241,038
X-11 Publicly traded securitiesStart of year $914,558$834,993
X-16 Total assetsStart of year $1,089,402$1,076,031
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,089,402$1,076,031
X-32 Total net assets or fund balancesStart of year $1,089,402$1,076,031
X-33 Total liabilities and net assetsStart of year $1,089,402$1,076,031
Part XI · Reconciliation of net assets $1,076,031 net assets at year end
XI-1 Total revenue$328,735
XI-2 Total expenses$342,106
XI-3 Revenue less expenses−$13,371
XI-4 Net assets at start of year$1,089,402
XI-10 Net assets at end of year$1,076,031

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

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