NonprofitsCherry River Foundation Inc

Community Foundations

Cherry River Foundation Inc

RICHWOOD, WV

Total revenue

$401K

Total expenses

$471K

Net assets

$1.1M

Grants received

$85K

4 grants

EIN

821696207

Tax year

2024

Mission

The cherry river foundation is a nonprofit corporation organized and operated exclusively for charitable purposes, specifically to be a vehicle for people of all means to make a lasting difference in their community. The central purpose of a community foundation is to serve the needs and philanthropic aims of donors who wish to better their community, now and in the future.

Programs

2 programs

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.

Expenses: $12K

The organization renovated alumni hall and the community center to serve the community of richwood. These are available to rent for various social functions. Renovation in 2024 included roofing and flooring.

Expenses: $436K

Financials

FY 2024

Revenue

Contributions & grants$271K
Program service revenue$10K
Investment income$168K
Other revenue
Total revenue$401K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$471K
Total expenses$471K
Total assets$1.1M
Net assets$1.1M

People

5 listed

NameRoleCompensation

RYAN BENNETT

TREASURER

Board

CORY CHAMBERS

PRESIDENT

Board

MARSHA HANNA

BOARD MEMBER

Board

DAN RITCHEY

BOARD MEMBER

Board

DENISE TAYLOR

SECRETARY

Board

Grants received

Showing 4 of 4

FromAmountPurposeYear
$50K
EDUCATION RELATED
2024
$15K
PROGRAM SUPPORT AND/OR OPERATING
2024
$10K
OPEN AIR RICHWOOD PLEIN AIR COMPETITION & ARTIFY RICHWOOD
2023

Funded by

$85K from 4 funders · 4 grants · 2023–2024

Milan Puskar Foundation Inc

$50K · 1 grant · 2024

Bernard Mcdonough Foundation Inc

$15K · 1 grant · 2024

Tamarack Foundation Inc

$10K · 1 grant · 2023

Details

EIN821696207
NTEE codeT31
Subsection03
Ruling date2021-07
Formed2019
Employees0
CHERRY RIVER FOUNDATION INC — Mission, Financials & Grants Received | Grantivo