WARREN BILLY CHERRY SCHOLARSHIP FUND

EIN: 363855673 501(c)(3)

EVANSTON, IL

Total Revenue
$400,995
Total Expenses
$188,141
Total Assets
$3,132,494
Net Assets
$3,089,137
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IL
Principal Officer
ROBERT REECE
Phone
8474241065
Tax Period
2024-01-01 to 2024-12-31

WARREN BILLY CHERRY SCHOLARSHIP FUND, founded in 1992, is a small nonprofit that reported $401K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $213K, a strong 53% operating margin.

Mission

The Warren Billy Cherry scholarship fund was established in memory of Warren Cherry, a much loved and respected educator from Evanston, Illinois. The Organizations mission is to perpetuate his total acceptance of all people, his commitment to the highest standards of educational excellence and his energetic dedication to enriching children and institutions of Evanston. The Organization awards scholarships to individuals allowing them to pursue their dreams of higher education.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $142,928
Program Service Revenue $0
Investment Income $164,492
Other Revenue $93,575
TOTAL REVENUE $400,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,814
Program Expenses $143,439
Other Expenses $188,141
TOTAL EXPENSES $188,141

Year-over-Year Comparison

2024 2023 Change
Revenue $400,995 $497,979 -0.2%
Expenses $188,141 $202,654 -0.1%
Net Income $212,854 $295,325 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
26
Employees
N/A
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nathan Norman Director 0.20
Director
$0 $0 $0
Denny Cummings Director 0.20
Director
$0 $0 $0
GERRI SIZEMORE Director 0.20
Director
$0 $0 $0
PAMELA AKINS-SCHANETTE Director 0.20
Director
$0 $0 $0
COLLIN SALLEE Member at Large 0.10
Director
$0 $0 $0
ELIJAH BREWER Director 0.20
Director
$0 $0 $0
WILLIAM BRIDGES Director 0.40
Director
$0 $0 $0
COURNEY WOLLEY Director 0.20
Director
$0 $0 $0
JOAN DUCAYET Director 0.20
Director
$0 $0 $0
TIMON JANDORA Director 0.20
Director
$0 $0 $0
ROSE JOHNSON Director 0.20
Director
$0 $0 $0
JOE KEITEL Director 1.00
Director
$0 $0 $0
DAVID LEVINE Director 0.40
Director
$0 $0 $0
MICHAEL LEVINE Director 0.50
Director
$0 $0 $0
Scott Lorenz Director 0.20
Director
$0 $0 $0
OLIVER RUFF Director 0.50
Director
$0 $0 $0
BETHANY MULLINS Director 0.20
Director
$0 $0 $0
ROBERT REECE President 14.00
Officer
$0 $0 $0
MIMI SPIVACK Vice President 3.00
Officer
$0 $0 $0
SANDY VITANTONIO Secretary 3.00
Officer
$0 $0 $0
PATTY CHERRY REECE Chairman 16.00
Officer
$0 $0 $0
ABBY TRUEBLOOD Member at Large 1.00
Officer
$0 $0 $0
LYNN HAMMELL Treasurer 10.00
Officer
$0 $0 $0
WILLIAM SPETH Vice President 6.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $400,995 $188,141 $3,132,494 $212,854
2023 $497,979 $202,654 $2,582,525 $295,325
2022 $268,470 $128,539 $2,008,192 $139,931
2021 $216,108 $106,213 $2,270,862 $109,895
2020 $228,803 $110,266 $1,924,429 $118,537
2019 $396,809 $134,403 $1,672,323 $262,406
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