Cedar Charitable Foundation
- Assets
- $491.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2013
- Data as of
- 06/2023
- EIN
- 45-2994986
Organization Overview
Cedar Charitable Foundation is located in Newport Beach, CA. The organization was established in 2013. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Charitable 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 06/2023, Cedar Charitable Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cedar Charitable Foundation has awarded 1,136 individual grants totaling $8,203,021. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEDAR SOUTHERN CALIFORNIA SCHOLARSHIP PROGRAM IS AN ONGOING AND CONTINUOUS MULTIFACETED 4 TO 5 YEAR UNIVERSITY COMPLETION PROGRAM THAT SEEKS TO PROVIDE AN INDIVIDUALIZED BUNDLE OF SERVICES DIRECTLY TO STUDENTS WHO MEET THE ACADEMIC AND FINANCIAL NEED BASED CRITERIA. THE BUNDLE OF SERVICES INCLUDE, TUITION AND ASSOCIATED EDUCATIONAL EXPENSES AS WELL AS MENTORING, CAREER COUNSELING AND ASSISTING THE SCHOLAR IN MEETING ALL OF THEIR EDUCATIONAL NEEDS AND REQUIREMENTS TO SUCCESSFULLY COMPLETE A UNIVERSITY DEGREE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Kazolas President | 40 | $185,000 | |
Leigh-Ann Kazolas Vice President | 40 | $185,000 | |
Susan Karlshoej Director | 0.2 | $0 | |
Douglas Suvalle Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $399,692 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,347 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $249 |
| Occupancy | $800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $200 |
| Other expenses | $74,694 |
| Total operating and administrative expenses | $511,558 |
| Contributions, gifts, grants paid | $690,916 |
| Total expenses and disbursements | $1,202,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,123 |
| Savings and temporary cash investments | $0 |
| 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 | $69,048 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $226 |
| Other assets | $0 |
| Total assets | $491,397 |
| 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 | $95,906 |
| Total liabilities | $95,906 |
Grants Awarded
Over the last fiscal year, Cedar Charitable Foundation has awarded $690,916 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
AAIDEN URIBE PURPOSE: SCHOLARSHIP | $27,028 |
ALEJANDRA AGUILA PURPOSE: SCHOLARSHIP - SMITH | $12,667 |
ALFREDO MUNOZ PURPOSE: SCHOLARSHIP | $10,168 |
ALEX GUTTERIEZ PURPOSE: SCHOLARSHIP - LOYOLA MARYMOUNT | $5,494 |
ABIGAIL ALFARO PURPOSE: SCHOLARSHIP - MIDDLEBURY | $9,911 |
ALYSA JUAREZ PURPOSE: SCHOLARSHIP - SMITH COLLEGE | $14,417 |