Overview
What is The Cherry River Foundation Inc?
The Cherry River Foundation Inc, headquartered in Richwood, West Virginia, is a nonprofit organization dedicated to making a lasting impact in its community. It operates as a charitable vehicle, enabling individuals to contribute to the betterment of their local area, both currently and in the future. The foundation's primary activities involve providing grant funds to organizations serving the Greater Richwood area and offering scholarships to students from Richwood High School. The grant funding process considers the project's purpose, the need for the project, budget, and expected impact on the community. Scholarships are awarded based on criteria set by each donor, typically considering factors such as academic performance, extracurricular activities, community service, work experience, and recommendations.
Is The Cherry River Foundation Inc legitimate?
The Cherry River Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cherry River Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Cherry River Foundation Inc?
The Cherry River Foundation Inc is a charitable organization, established to serve as a platform for individuals of all means to make a lasting impact in their community. Its primary objective is to fulfill the philanthropic aspirations of donors who wish to enhance their community, both in the present and future. The foundation's central purpose is to cater to the needs of these donors, facilitating their charitable contributions and ensuring they contribute positively to their community's well-being.
Who is the CEO of The Cherry River Foundation Inc?
Cory Chambers is the Treasurer of The Cherry River Foundation Inc.
What is the revenue of The Cherry River Foundation Inc?
The Cherry River Foundation Inc's revenue in 2022 was $328,735.
Who are the executives of The Cherry River Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Cherry River Foundation Inc?
The Cherry River Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Cherry River Foundation Inc
The Cherry River Foundation, a nonprofit organization, is dedicated to serving the charitable needs and philanthropic aims of individuals who wish to make a lasting impact in their community. The central purpose of this foundation is to act as a vehicle for people of all means, providing them with an opportunity to contribute to the betterment of their community, both currently and in the future. The organization's mission is to cater to the needs of these donors, facilitating their efforts to improve their community in a sustainable and impactful manner.
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Impact
October, 2024
The Cherry River Foundation Inc significantly impacts the Greater Richwood area by providing essential funding and support to local organizations and students. By awarding grants, the foundation addresses community needs and fosters projects that enhance the well-being of residents. This funding is determined through a detailed grant application process, ensuring that resources are allocated to projects with clear community benefits.
Additionally, the foundation plays a vital role in supporting the education of local high school students through scholarships. These awards are based on criteria that reflect academic achievement, extracurricular involvement, community service, and personal recommendations, empowering students to pursue their academic and career aspirations.
Through these initiatives, The Cherry River Foundation Inc not only facilitates charitable giving but also cultivates a culture of philanthropy, encouraging individuals from all walks of life to contribute to their community's growth and sustainability. The overall effect is a strengthened community spirit and tangible progress towards fulfilling the varied needs of its residents now and in the future.
This information is meant to be a general summary of The Cherry River Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,146
- Program Service Revenue: $425
- Gross Receipts: $328,735
Assets and Liabilities:
- Total Assets: $1,076,031
- Total Liabilities: $0
- Net Assets: $1,076,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALUMNI HALL RENTAL
Revenue
$425
Organization Details
Founding Year
2019
Phone
(304) 651-8453Principal Officer
Cory Chambers
Main Address
PO BOX 15, RICHWOOD, WV, 26261
NTEE Category
Code: T31 - Philanthropy
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