CHERRY AVENUE FOUNDATION

EIN: 833421353 501(c)(3) International Affairs

WAYZATA, MN

Total Revenue
$696,557
Total Expenses
$597,308
Total Assets
$324,302
Net Assets
$324,302
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
ANNA GUSTAFSON
Phone
6127039073
Tax Period
2025-01-01 to 2025-12-31

CHERRY AVENUE FOUNDATION, founded in 2019, is a small nonprofit in the International Affairs sector that reported $697K in total revenue in fiscal year 2025. Expenses of $597K left a modest 14% surplus.

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 Service Accomplishments

Program 1
Expenses: $592,737 Revenue: $0

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...

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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.

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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 (2025)

Revenue Breakdown

Contributions & Grants $694,550
Program Service Revenue $0
Investment Income $1,982
Other Revenue $25
TOTAL REVENUE $696,557

Expense Breakdown

Grants Paid $592,737
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $592,737
Other Expenses $4,571
TOTAL EXPENSES $597,308

Year-over-Year Comparison

2025 2024 Change
Revenue $696,557 $720,756 0.0%
Expenses $597,308 $800,502 -0.3%
Net Income $99,249 $-79,746 -2.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
16

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA GUSTAFSON PRESIDENT 0.50
Officer Director
$0 $0 $0
RACHEL THIBAULT TREASURER 0.50
Officer Director
$0 $0 $0
JEFFREY SVEN GUSTAFSON DIRECTOR 0.50
Director
$0 $0 $0
JOHN DALY DIRECTOR 0.50
Director
$0 $0 $0
KELLY DALY DIRECTOR 0.50
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
2025 $696,557 $597,308 $324,302 $99,249
2024 $720,756 $800,502 $225,053 $-79,746
2023 $511,236 $367,341 $304,799 $143,895
2022 $408,735 $383,406 $160,904 $25,329
2021 $328,502 $323,983 $135,575 $4,519
2020 $282,984 $155,093 $131,056 $127,891
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