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Cherry River Foundation Inc

EIN 82-1696207 · Richwood, WV

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceWeak46 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$699,272
Spending
$344,705
Spent on programs
82%
Reserves
39.4 months of spending
Largest source of income
donations and private grants, 81%
Employees
0
Highest pay
$15,313, treasurer

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 79% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 39.4 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 51% of income.

  • Income trend

    15 of 15

    Income rose 75% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 46 out of 100. Higher than 13% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $500 spent. THE FOUNDATION WILL PROVIDE GRANT FUNDS TO ORGANIZATIONS THAT SERVE THE GREATER RICHWOOD AREA AS WELL AS SCHOLARSHIPS TO STUDENTS OF RICHWOOD HIGH SCHOOL. A GRANT APPLICATION WILL BE UTILIZED TO AWARD GRANT FUNDS. THIS WILL INVOLVE UNDERSTANDING THE PROJECT, THE NEED FOR THE PROJECT, AND BUDGET/IMPACT ON THE COMMUNITY. SCHOLARSHIPS WILL BE BASED ON THE CRITERIA SET UP BY EACH DONOR FOR THEIR SCHOLARSHIP. COMMON FACTORS ARE GPA, ACT/SAT SCORES, EXTRACURRICULAR ACTIVITIES, COMMUNITY SERVICE, WORK EXPERIENCE AND RECOMMENDATION.
  2. $6,200 spent. THE FOUNDATION WILL DISTRIBUTE GRANTS TO OTHER NONPROFITS TO HELP THEM SERVE THE NEEDS OF THE COMMUNITY. GRANTS WILL BE AWARDED THROUGH AN APPLICATION. ORGANIZATIONS WILL SUBMIT A PROJECT OR NEED AND DISCUSS THE REASONING AND BENEFIT OF THE PROJECT AS WELL AS A BUDGET FOR THE PROJECT.
  3. $274,127 spent. THE FOUNDATION RENOVATES AND PROVIDES ASSISTANCE TO THE ALUMNI HALL, COMMUNITY CENTER, AND OTHER COMMUNITY FACILITIES. THESE ARE AVALIABLE FOR RENT FOR SOCIAL FUNCTIONS OR BENEFIT THE COMMUNITY AT LARGE.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.