Civic Intelligence

Cherry Avenue Foundation

990 • Fiscal year 2020 • EIN 83-3421353

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

Organization ProfileWWW.CHERRYAVE.ORG
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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

87th percentile

45%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

99th percentile

4041%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

273%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$131,056

Up $127,891 (+4041%) from 2019

Net Assets

Up

$131,056

Up $127,891 (+4041%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin87th percentile

Revenue

Up

$282,984

Up $207,162 (+273%) from 2019

Expenses

Up

$155,093

Up $82,436 (+113%) from 2019

Net Income

Up

$127,891

Up $124,726 (+3941%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2020

Assets$131,056
Liabilities$0
Net Assets$131,056
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

2020

Revenue$282,984
Expenses$155,093
Net Income$127,891
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.1
Gross Receipts
$282,984
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,165$95,406▲ $92,241
Accounts Receivable-$35,650-
Total Assets$3,165$131,056▲ $127,891
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,165$131,056▲ $127,891
Total Net Assets Fund Balance$3,165$131,056▲ $127,891
Total Liabilities and Net Assets / Fund Balance$3,165$131,056▲ $127,891
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Anna GustafsonPresident
John DalyDirector
Kelly DalyDirector
Sven GustafsonDirector
Jeffrey GustafsonSecretary
Rachel ThibaultTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$282,984
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$282,984
Change in Net Assets
$127,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$151,890
Other Expenses$3,203
Total Fundraising Expense$480
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$151,890--$151,890
Fees for Services Accounting-$1,577-$1,577
Office Expenses-$546-$546
Other Expenses-$600$480$480
Total Functional Expenses$151,890$2,723$480$155,093
International Activity

International Summary

Offices
0
Employees
0
Spending
$151,890

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanGrants to Recipients Located Recipients in RegionN/a00$151,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“John and kelly daly have a family relationship. Anna, jeffrey, and sven gustafson have a family relationship.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees that have authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by the organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, the form 990 is reviewed by the office manager and the executive director. The form 990 is then provided to the entire board of directors prior to filing with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

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
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Gustafson
Formed
2019
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Darrel Mullenbach
Phone
6123764500
Raw XML Appendix340 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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IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN AND KELLY DALY HAVE A FAMILY RELATIONSHIP. ANNA, JEFFREY, AND SVEN GUSTAFSON HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, THE FORM 990 IS REVIEWED BY THE OFFICE MANAGER AND THE EXECUTIVE DIRECTOR. THE FORM 990 IS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055391
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CHERRYAVE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA GUSTAFSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06127039073
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHERRY AVENUE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHER
ReturnHeader/Filer/EIN0833421353
ReturnHeader/Filer/PhoneNum06127039073
ReturnHeader/Filer/USAddress/AddressLine1Txt0153 EAST LAKE STREET
ReturnHeader/Filer/USAddress/CityNm0WAYZATA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055391
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 S 6TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARREL MULLENBACH
ReturnHeader/ReturnTs02021-05-17T12:57:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANNA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GUSTAFSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$131,056
Liabilities
$0
Net assets
$131,056
Revenue
$282,984
Expenses
$155,093
Net income
$127,891
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$7.21$8.01$0.80
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$5.11$3.67$1.44
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$4.09$3.83$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$3.29$3.24$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$2.83$1.55$1.28
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.76$0.73$0.03