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Cherry Avenue Foundation FY2024 filing

Tax-deductible

Wayzata, MN501(c)(3)Since 2019International EIN 83-3421353Revenue $721K in FY2024Latest return filed Jun 17, 2026

On file with the IRScherryave.org153 Lake St E, 55391-1606 · Wayzata, MNTax-exempt since Sep 2019Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation works to support those in poverty by partnering with organizations around the world to build homes, provide scholarships, build schools, support local orphans and offer womens' medical clinics.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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 $54K a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $190K
Looks good: 5 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
$721K
+41% vs prior year
Spent
$801K
To programs
100%
Net assets
$225K
By yearFY2020–FY2025
Revenue
$721K
FY2024▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$283K
FY2021$329K
FY2022$409K
FY2023$511K
FY2024$721K
FY2025$697K
Expenses
$801K
FY2024▲ +118%
Tap a bar for its year
Expenses by fiscal year
FY2020$155K
FY2021$324K
FY2022$383K
FY2023$367K
FY2024$801K
FY2025$597K
Net assets
$225K
FY2024▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2020$131K
FY2021$136K
FY2022$161K
FY2023$305K
FY2024$225K
FY2025$324K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Sep 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $797K Management & general 0% · $4K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Daly
Director
$0Pt VII · Sec A
Kelly Daly
Director
$0Pt VII · Sec A
See Cherry Avenue Foundation executive salaries →

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

Builds homes and schools, supports orphans, and funds women's medical clinics for those in poverty.

Questions for Cherry Avenue Foundation

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1 program · $797K · in their own filed words · FY2024
01

The foundation works to support those in poverty by partnering with organizations around the world to build homes, provide scholarships, build schools, support local orphans and offer womens' medical clinics.

$797Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$88K
The Minneapolis FoundationFY2024$60K
Donor Advised Charitable Giving INCFY2024$27K
National Philanthropic TrustFY2024$9K
Natl Christian Charitable Fdn INCFY2024$6K
Total grants receivedfrom 5 funders$190K
See all 5 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$721K
Ln 12
Gifts and grantsLn 1h$719K
Investment incomeLn 3$2K
Money outPt IX
$801K
Ln 25
Programscol B$797K
Managementcol C$4K
Owns and owesPt X
$225K
net assets · Ln 32
Cash and savingsLn 1–2$224K
Total assetsLn 16$225K
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$719K
Investment incomeLn 3$2K
Total revenueLn 12$721K
Assets in detailPt X, end of year
CashLn 1$224K
Cash and savings togetherLn 1–2$224K
Other assetsLn 15$1K
Total assetsLn 16$225K
LiabilitiesLn 26$0
Net assetsLn 32$225K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$794K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$304K$224K
Total assetsLn 16$305K$225K
LiabilitiesLn 26$0$0
Net assetsLn 32$305K$225K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$794K$794K
Accounting feesLn 11c$2K$2K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$801K$797K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 17, 2026 $697K$597K$99K$324K 990 PDF
FY2024 ViewingFiled with the IRS Apr 30, 2025 $721K$801K−$80K$225K 990 PDF
FY2023Filed with the IRS May 13, 2024 $511K$367K$144K$305K 990 PDF
FY2022Filed with the IRS Jul 14, 2023 $409K$383K$25K$161K 990 PDF
FY2021Filed with the IRS May 26, 2022 $329K$324K$5K$136K 990 PDF
FY2020Filed with the IRS May 17, 2021 $283K$155K$128K$131K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $720,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $509,889$718,691
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,347$2,065
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $511,236$720,756
I-13 Grants and similar amounts paidPrior year $363,197$794,388
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,144$6,114
I-18 Total expensesPrior year $367,341$800,502
I-19 Revenue less expensesPrior year $143,895−$79,746
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $720,756 across 4 lines filed
VIII-1f All other contributions, gifts and grants$718,691
VIII-1h Total contributions, gifts and grants$718,691
VIII-3 Investment incomeExcluded from tax $2,065$2,065
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,065$720,756
Part IX · Statement of functional expenses $800,502 across 4 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $794,388$794,388
IX-11c Accounting feesManagement $2,310$2,310
IX-17 TravelPrograms $2,353$2,353
IX-24 Other expenses (24a–d)Management $1,451$1,451
IX-25 Total functional expensesPrograms $796,741 · Management $3,761 · Fundraising $0$800,502
Part X · Balance sheet $225,053 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $303,799$224,053
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $304,799$225,053
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $304,799$225,053
X-32 Total net assets or fund balancesStart of year $304,799$225,053
X-33 Total liabilities and net assetsStart of year $304,799$225,053
Part XI · Reconciliation of net assets $225,053 net assets at year end
XI-1 Total revenue$720,756
XI-2 Total expenses$800,502
XI-3 Revenue less expenses−$79,746
XI-4 Net assets at start of year$304,799
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$225,053

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

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