Cedar Street Charitable Foundation Inc
- Assets
- $72.7m
- Revenue
- $36.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 26-4530730
Organization Overview
Cedar Street Charitable Foundation Inc is located in Milwaukee, WI. The organization was established in 2009. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Street Charitable 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, Cedar Street Charitable Foundation Inc generated $36.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 10.8% 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, Cedar Street Charitable Foundation Inc has awarded 1,154 individual grants totaling $52,710,003. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MAKING OF GRANTS TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS AND THE SPONSORSHIP OF DONOR ADVISED FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAKING OF GRANTS AND CONTRIBUTIONS TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg W George Director And President | Trustee | 5 | $0 |
Bladen J Burns Director And Secretary | Trustee | 5 | $0 |
Carrie Raymond Bedore Director | Trustee | 5 | $0 |
Michael J Van Handel Director | Trustee | 5 | $0 |
Jeff Moster Director And Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,403,962 |
| Noncash contributions included in lines 1a–1f | $31,315,369 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,403,962 |
| Total Program Service Revenue | $0 |
| Investment income | $3,739,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $472,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,616,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,920,091 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $105,929 |
| Fees for services: Legal | $2,173 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $190,606 |
| Fees for services: Other | $749 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,021 |
| All other expenses | $1,489 |
| Total functional expenses | $11,249,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $72,499,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $193,409 |
| Total assets | $72,743,564 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $72,743,564 |
| Net assets with donor restrictions | $0 |
| 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 | $72,743,564 |
Grants Awarded
Over the last fiscal year, Cedar Street Charitable Foundation Inc has awarded $10,226,541 in support to 178 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GENERAL | $1,061,268 |
Fairfield, CT PURPOSE: GENERAL | $1,000,000 |
Eden Prairie, MN PURPOSE: GENERAL | $600,000 |
Putney, VT PURPOSE: GENERAL | $500,000 |
Milwaukee, WI PURPOSE: GENERAL | $440,000 |
South Barrington, IL PURPOSE: GENERAL | $405,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cedar Street Charitable Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Vestcor Family Foundation Inc Jacksonville, FL PURPOSE: GENERAL FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Street Charitable Foundation Inc Milwaukee, WI | $72,743,564 | $36,616,391 |
Missouri River Historical Develop- Ment Inc Sioux City, IA | $5,283,123 | $4,260,184 |
East Moline Public Library Foundation East Moline, IL | $757,119 | $745,684 |
Michael E Portzen And Sara A Portzen Family Foundation Peosta, IA | $2,370,924 | $1,197,691 |
Baum Family Foundation Hastings, MI | $10,431,479 | $1,291,317 |
Owatonna Area Chamber Foundation Owatonna, MN | $195,093 | $449,503 |
Silver Beach Shadowland Saint Joseph, MI | $1,430,963 | $437,280 |
Wayne County-Detroit Cde Inc Detroit, MI | $4,766,254 | $730,026 |
Community Betterment Organization Pella, IA | $2,432,406 | $1,698,245 |
Harbor Hall Foundation Harbor Springs, MI | $13,613,969 | $2,399,523 |
Mille Lacs Trails Inc Aitkin, MN | $865,196 | $621,358 |
Central Iowa Housing Trust Fund Des Moines, IA | $344,976 | $398,757 |