Cherry Orchard Festival Foundation Corp

EIN: 460858877 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$418,930
Total Expenses
$747,652
Total Assets
$340,382
Net Assets
$335,342
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
Maria Shclover
Phone
8003490021
Tax Period
2023-01-01 to 2023-12-31

Cherry Orchard Festival Foundation Corp, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $748K exceeded revenue, resulting in a 78% operating deficit.

Mission

To introduce and promote global cultural activity and exchange of ideas, aiming to enlighten and engage audiences through educational programs and events

Program Service Accomplishments

Program 1
Expenses: $585,977 Revenue: $381,813

To introduce and promote global cultural activity and exchange of ideas, aiming to enlighten and engage audiences through educational programs and events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $37,032
Program Service Revenue $381,812
Investment Income $86
Other Revenue $0
TOTAL REVENUE $418,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,396
Fundraising Expenses $23,500
Program Expenses $585,977
Other Expenses $512,256
TOTAL EXPENSES $747,652

Year-over-Year Comparison

2023 2022 Change
Revenue $418,930 $634,353 -0.3%
Expenses $747,652 $679,683 +0.1%
Net Income $-328,722 $-45,330 +6.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
5

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
3
$218,668
Total Directors
7
$218,668
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Shclover Chairman 30.00
Officer Director
$109,334 $0 $109,334
IRINA SHABSHIS Secretary 30.00
Officer Director
$109,334 $0 $109,334
Inga Tuluca Director 1.00
Director
$0 $0 $0
DASHA KOROL Vice Chair 1.00
Officer Director
$0 $0 $0
CHARLES J DISHIAN Director 1.00
Director
$0 $0 $0
Mikhail Tartakovsky Director 1.00
Director
$0 $0 $0
Robert Leibholz Director 1.00
Director
$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 No data No data No data No data
2023 $418,930 $747,652 $340,382 $-328,722
2022 $634,353 $679,683 $664,446 $-45,330
2021 $831,128 $474,562 $1,158,770 $356,566
2019 $734,208 $804,011 $507,539 $-69,803
2018 $1,557,130 $1,202,470 $599,562 $354,660
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