Cape Foundation Inc
- Assets
- $1.2m
- Revenue
- $142.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 26-0692188
Organization Overview
Cape Foundation Inc is located in Baltimore, MD. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Foundation Inc 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 12/2021, Cape Foundation Inc generated $142.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $218.8k during the year ending 12/2021. While expenses have increased by 14.9% 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 2016, Cape Foundation Inc has awarded 74 individual grants totaling $949,540. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CONTRIBUTIONS TO OTHER SECTION 501(C)3 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Turner B Smith President/treasurer - Joined 08/07 | 1 | $0 | |
Judith R Smith Vp/secretary - Joined 08/07 | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,822 |
| Capital Gain Net Income | $110,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,654 |
| Contributions, gifts, grants paid | $207,130 |
| Total expenses and disbursements | $218,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,499 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,107,911 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,227,410 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cape Foundation Inc has awarded $207,130 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY (PEABODY INSTITUTE) PURPOSE: TO EDUCATE AND TO ENRICH LIVES BY CONNECTING INDIVIDUALS TO SOMETHING LARGER. WHETHER YOU ARE HERE TO PLAY, PERFORM, DANCE, OR LISTEN, YOU'RE PART OF AN ARTISTIC COMMUNITY THAT'S SHAPING THE FUTURE OF MUSIC | $125,000 |
OUTERARTS MARYLAND AKA NATIONAL MUSIC FESTIVAL PURPOSE: ADVANCES THE LIVES AND CAREERS OF PROMISING MUSICIANS BY PROVIDING ACCESS TO WORLD-CLASS EDUCATION AND PERFORMANCE OPPORTUNITIES | $25,380 |
Chestertown, MD PURPOSE: BREAKING THE GENERATIONAL CYCLE OF POVERTY BY BUILDING OR RENOVATING AFFORDABLE HOUSES AND PARTNERING WITH LOW INCOME, WORKING FAMILIES TO PREPARE FOR AND BUY A HOME | $10,000 |
Baltimore, MD PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO THE BALTIMORE SCHOOL FOR THE ARTS, A 4 YEAR PUBLIC HIGH SCHOOL | $10,000 |
GREEN STREET ACADEMY INC PURPOSE: TO PROVIDE DYNAMIC, RIGOROUS, LIFE-LONG LEARNING IN CLASSROOMS THAT INSPIRE SUCCESS AND PRODUCE SKILL-SETS THAT REFLECT THE NEEDS AND ARE IN HIGH DEMAND FOR THE GREEN WORKFORCE, COLLEGE ADMISSION, AND OTHER ECONOMIC SECTORS | $10,000 |
Baltimore, MD PURPOSE: TO ATTRACT A DEVOTED NATIONAL AND INTERNATIONAL FOLLOWING WHILE MAINTAINING DEEP BONDS THROUGHOUT MARYLAND THROUGH INNOVATIVE EDUCATION AND COMMUNITY OUTREACH INITIATIVES | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |