Cambridge Community Foundation
- Assets
- $50.5m
- Revenue
- $9.5m
- Investments
- $284.4k
- Employees
- 11
- Location
- Cambridge, MA
- Founding
- 01/1944
- Data as of
- 06/2022
- EIN
- 04-6012492
Organization Overview
Cambridge Community Foundation is located in Cambridge, MA. The organization was established in 1944. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Cambridge Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cambridge Community Foundation generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cambridge Community Foundation has awarded 580 individual grants totaling $14,271,096. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAMBRIDGE COMMUNITY FOUNDATION (CCF) IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR THE RESIDENTS OF CAMBRIDGE. FOUNDED IN 1916, CCF SERVES THE CITY THROUGH ITS CIVIC LEADERSHIP AND SUPPORT OF NONPROFIT COMMUNITY ORGANIZATIONS. DIRECT FINANCIAL GRANTS, PROVIDING TECHNICAL ASSISTANCE, AND FORMING PARTNERSHIPS AMONG ORGANIZATIONS TO COORDINATE SERVICES, ADDRESS GAPS, AND HIGHLIGHT EMERGING ISSUES. CCF SUPPORTS WORK IN THE FOLLOWING SIX AREAS: EARLY CHILDHOOD SERVICES YOUTH SERVICES SENIOR SERVICES COMMUNITY SERVICES EMERGENCY SERVICES ARTS AND THE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID TO NON PROFIT AGENCIES IN THE CAMBRIDGE AREA THAT PROVIDE SERVICES TO THE LOCAL POPULATION AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cambridge Trust Company Trustee | 40 | $213,014 | |
Geeta Pradhan President | Officer | 40 | $190,542 |
Michal Rubin VP Of Develo | 40 | $140,549 | |
Geoffrey O'connell CFO | 40 | $109,763 | |
Lauren Marshall Marketing Di | 40 | $109,224 | |
Bank Of America Trustee | 40 | $38,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $236,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,006,745 |
| Noncash contributions included in lines 1a–1f | $331,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,244,010 |
| Total Program Service Revenue | $0 |
| Investment income | $1,180,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,063,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,505,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,470,529 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,773 |
| Compensation of current officers, directors, key employees. | $70,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $690,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,709 |
| Payroll taxes | $64,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,583 |
| Fees for services: Accounting | $46,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $245,269 |
| Fees for services: Other | $108,446 |
| Advertising and promotion | $7,401 |
| Office expenses | $118,409 |
| Information technology | $13,781 |
| Royalties | $0 |
| Occupancy | $50,849 |
| Travel | $1,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,153 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,360 |
| All other expenses | $0 |
| Total functional expenses | $5,356,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,595 |
| Savings and temporary cash investments | $864,361 |
| Pledges and grants receivable | $46,497 |
| Accounts receivable, net | $40,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,060 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $47,038,304 |
| Investments—other securities | $284,395 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,300,152 |
| Total assets | $50,483,194 |
| Accounts payable and accrued expenses | $54,562 |
| Grants payable | $204,413 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,592,769 |
| Total liabilities | $2,851,744 |
| Net assets without donor restrictions | $24,085,659 |
| Net assets with donor restrictions | $23,545,791 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,483,194 |
Grants Awarded
Over the last fiscal year, Cambridge Community Foundation has awarded $681,593 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: PROGRAM ASSISTANCE | $67,500 |
Basalt, CO PURPOSE: PROGRAM ASSISTANCE | $50,000 |
Cambridge, MA PURPOSE: PROGRAM ASSISTANCE | $50,000 |
Cambridge, MA PURPOSE: PROGRAM ASSISTANCE | $40,000 |
CAMBRIDGE PUBLIC SCHOOLS FINANCIAL PURPOSE: PROGRAM ASSISTANCE | $26,250 |
Baraboo, WI PURPOSE: PROGRAM ASSISTANCE | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cambridge Community Foundation has recieved totaling $8,400.
| Awarding Organization | Amount |
|---|---|
Harry R Andrews Trust T1093 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $8,400 |
Endowment Analysis
| Beg. Balance | $46,049,964 |
| Earnings | -$5,204,037 |
| Net Contributions | $461,949 |
| Other Expense | -$538,008 |
| Grants | $2,794,790 |
| Ending Balance | $39,051,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |