Nonprofit · EIN 83-3421353
CHERRY AVENUE FOUNDATION
Tax-exempt · WAYZATA, MN 55391
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $696,557 | $597,308 | $99,249 | $324,302 | $0 | $324,302 |
| December 31, 2024 | 990 | $720,756 | $800,502 | -$79,746 | $225,053 | $0 | $225,053 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $694,550
- Program service revenue
- $0
- Investment income
- $1,982
- Other revenue
- $25
Expenses
- Grants and similar amounts paid
- $592,737
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,060
- Accounting fees
- $2,817
- Program services (functional)
- $592,737
- Management and general (functional)
- $4,571
Balance sheet and other
- Total assets, start of year
- $225,053
- Total assets, end of year
- $324,302
- Total liabilities, end of year
- $0
- Net assets, end of year
- $324,302
- Net assets without donor restrictions
- $324,302
- Gross receipts
- $696,557
- Employees
- 0
- Volunteers
- 16
- Year formed
- 2019
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNA GUSTAFSON | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| RACHEL THIBAULT | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JEFFREY SVEN GUSTAFSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN DALY | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY DALY | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNA GUSTAFSON | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| RACHEL THIBAULT | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JEFFREY SVEN GUSTAFSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN DALY | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY DALY | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 153 LAKE ST E, WAYZATA, MN 55391-1606
- In care of
- % ANNA GUSTAFSON
- Principal officer (990 for 2025)
- ANNA GUSTAFSON, 153 LAKE STREET E, WAYZATA, MN 55391
- Signed the 990
- ANNA GUSTAFSON, PRESIDENT
- Phone
- (612) 703-9073
- Return prepared by
- CLIFTONLARSONALLEN LLP
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 accomplishments
- 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.Expenses $592,737 · grants $592,737
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-3421353
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $324,302
- Income (IRS master file)
- $696,557
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $511,236 | $367,341 | $304,799 | IRS |
| 990 | December 2022 | $408,735 | $383,406 | $160,904 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CHERRY AVENUE FOUNDATION
- What is the EIN of CHERRY AVENUE FOUNDATION?
- The employer identification number (EIN) of CHERRY AVENUE FOUNDATION is 83-3421353.
- Is CHERRY AVENUE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CHERRY AVENUE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHERRY AVENUE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHERRY AVENUE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHERRY AVENUE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHERRY AVENUE FOUNDATION?
- The 990 for the year ended December 31, 2025 names ANNA GUSTAFSON.
- Who are the officers and directors of CHERRY AVENUE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CHERRY AVENUE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $696,557, expenses of $597,308 and total assets of $324,302 at year end.
Other nonprofits in WAYZATA
- NIBAKURE COMMUNITY VILLAGE EIN 20-1570255 · last filed 990-EZ for 2025
- FACES OF SIBERIA EIN 14-1851863 · last filed 990-N for 2024
- JAMAICAN EXCHANGE IN TEACHING EIN 92-3927803 · last filed 990-N for 2024
- HYDRATION FOR THE PEOPLE INC EIN 39-3646938 · last filed 990-N for 2025
- HAMMER RESIDENCES INC EIN 41-0841103 · last filed 990 for 2025
- WAYZATA COUNTRY CLUB EIN 41-0778776 · last filed 990 for 2024
- WOODHILL COUNTRY CLUB EIN 41-0619490 · last filed 990 for 2025
- SPRING HILL GOLF CLUB EIN 41-1865981 · last filed 990 for 2024
All nonprofits in WAYZATA · Minnesota · International, foreign affairs and national security