Cam Foundation
- Assets
- $1.2m
- Revenue
- $18.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Sherman Oaks, CA
- Founding
- 10/2011
- Data as of
- 12/2023
- EIN
- 45-2596746
Organization Overview
Cam Foundation is located in Sherman Oaks, CA. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Cam 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 12/2023, Cam Foundation generated $18.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $188.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
1. TO PROMOTE COMMUNITY GIVING AND CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES THAT SUPPORT YOUTH IN DEVELOPING NEIGHBORHOODS IN GREATER LOS ANGELES, CALIFORNIA; 2. TO PROVIDE EDUCATIONAL SCHOLARSHIPS, TUTORING, AND MENTORSHIP PROGRAMS FOR STUDENTS OF LOW INCOME FAMILIES AND VARIOUS SOCIOECONOMIC BACKGROUNDS; 3. TO PROVIDE LOW INCOME HOUSING FOR UNDERSERVED POPULATIONS;
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catrice Monson President | OfficerTrustee | 20 | $40,000 |
Janine Monson Vice President | OfficerTrustee | 0 | $0 |
Mildred Monson Secretary & CFO | OfficerTrustee | 0 | $0 |
Carina Verano Director | Trustee | 0 | $0 |
Lauri Firstenberg Director | Trustee | 0 | $0 |
Allen Cowlings Director | Trustee | 0 | $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 | $24,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,610 |
| Total Program Service Revenue | $0 |
| Investment income | $35,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,200 |
| Grants and other assistance to domestic individuals. | $82,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,859 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,855 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $927 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,659 |
| All other expenses | $0 |
| Total functional expenses | $188,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,749 |
| Savings and temporary cash investments | $12,941 |
| 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 | $1,178,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $1,235,984 |
| Accounts payable and accrued expenses | $6 |
| 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 | $6 |
| Net assets without donor restrictions | $1,235,978 |
| 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 | $1,235,984 |
Grants Awarded
Over the last fiscal year, Cam Foundation has awarded $26,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE TRACK | | | $16,200 |
L A BROTHERHOOD CRUSADE PURPOSE: AFTER-SCHOOL PROGRAMS | $10,000 |