Cloudbreak Foundation Inc
- Assets
- $1.5m
- Revenue
- $112.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- McLean, VA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4730969
Organization Overview
Cloudbreak Foundation Inc is located in McLean, VA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloudbreak 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 12/2022, Cloudbreak Foundation Inc generated $112.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $133.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cloudbreak Foundation Inc has awarded 64 individual grants totaling $544,400. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N / A
N / A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Newborn Executive Director President | 40 | $0 | |
Steven Newborn Director Treasurer | 1 | $0 | |
Beverly Newborn Director Secretary | 1 | $0 | |
Michael Newborn Director Vice President | 1 | $0 | |
Greta Newborn Director Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| Dividends & Interest | $50,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,510 |
| Capital Gain Net Income | $61,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $559 |
| Total operating and administrative expenses | $7,125 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $133,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,259 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,521,449 |
| 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, Cloudbreak Foundation Inc has awarded $126,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Takoma Park, MD PURPOSE: NUTRITIOUS FOOD PROGRAMS | $10,000 |
Alexandria, VA PURPOSE: CIVIC ENGAGEMENT PROGRAM | $10,000 |
Silver Spring, MD PURPOSE: INDEPENDENT LIVING PROGRAM | $10,000 |
OLNEY HELP PURPOSE: EMERGENCY FINANCIAL ASSISTANCE PROGRAM | $10,000 |
UNDIES FOR EVERYONE PURPOSE: UNDERWEAR DISTRIBUTION | $10,000 |
Washington, DC PURPOSE: ART THERAPY PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidosus Washington, DC | $149,728,935 | $69,502,602 |
Mortgage Bankers Association Of America Washington, DC | $151,811,395 | $48,193,239 |
New America Foundation Washington, DC | $57,037,802 | $40,604,855 |
The One Campaign Washington, DC | $67,622,430 | $19,634,455 |
National Association Of County And City Health Officials Washington, DC | $14,670,823 | $33,691,939 |
The Albert B Sabin Vaccine Institute Inc Washington, DC | $18,738,050 | $26,913,156 |
St Coletta Of Greater Washington Inc Washington, DC | $37,883,272 | $21,114,468 |
Fisher House Foundation Inc Rockville, MD | $70,108,334 | $49,075,688 |
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |