Civic Intelligence

Cherry Avenue Foundation

990EZ • Fiscal year 2019 • EIN 83-3421353

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 30, 2020

153 East Lake StreetWayzata, MN 55391

(612) 703-9073

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

52nd percentile

4.2%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$3,165

No earlier filing loaded for comparison.

Net Assets

$3,165

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$75,822

No earlier filing loaded for comparison.

Expenses

$72,657

No earlier filing loaded for comparison.

Net Income

$3,165

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2019: $3,165Liabilities 2019: $0Net Assets 2019: $3,1652019Assets 2020: $131,056Liabilities 2020: $0Net Assets 2020: $131,0562020Assets 2021: $135,575Liabilities 2021: $0Net Assets 2021: $135,5752021Assets 2022: $160,904Liabilities 2022: $0Net Assets 2022: $160,9042022Assets 2023: $304,799Liabilities 2023: $0Net Assets 2023: $304,7992023Assets 2024: $225,053Liabilities 2024: $0Net Assets 2024: $225,0532024

Highlighted filing

2019

Assets$3,165
Liabilities$0
Net Assets$3,165

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $75,822Expenses 2019: $72,657Net Income 2019: $3,1652019Revenue 2020: $282,984Expenses 2020: $155,093Net Income 2020: $127,8912020Revenue 2021: $328,502Expenses 2021: $323,983Net Income 2021: $4,5192021Revenue 2022: $408,735Expenses 2022: $383,406Net Income 2022: $25,3292022Revenue 2023: $511,236Expenses 2023: $367,341Net Income 2023: $143,8952023Revenue 2024: $720,756Expenses 2024: $800,502Net Income 2024: -$79,7462024

Highlighted filing

2019

Revenue$75,822
Expenses$72,657
Net Income$3,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 30, 2020
Return Version
2019v5.1
Gross Receipts
$75,822
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
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.$65,400$72,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANNA GUSTAFSONPresident-$0--
RACHEL THIBAULTTreasurer-$0--
JEFFREY GUSTAFSONSecretary-$0--
JOHN DALYDirector-$0--
KELLI DALYDirector-$0--
SVEN GUSTAFSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Cherry Avenue Foundation
EIN
83-3421353
Phone
6127039073
Address
153 EAST LAKE STREET, WAYZATA, MN 55391

Signing Officer

Name
Anna Gustafson
Title
President
Phone
6127039073
Signed
2020-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Karen Gries
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: fundraising expenses. Amount: 2,058. Description: travel. Amount: 5,124. Description: bank service charges. Amount: 75. Total to form 990-ez, line 16: 7,257.

Raw XML Appendix160 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PhoneNum06127039073
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAYZATA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: FUNDRAISING EXPENSES. AMOUNT: 2,058. DESCRIPTION: TRAVEL. AMOUNT: 5,124. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 75. TOTAL TO FORM 990-EZ, LINE 16: 7,257.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHERRY AVENUE FOUNDATION
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ReturnHeader/ReturnTs02020-05-08T08:23:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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