Cambridge Foundation Inc
- Assets
- $804.5k
- Revenue
- $24.5k
- Investments
- $572.1k
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-2457466
Organization Overview
Cambridge Foundation Inc is located in Fairfield, IA. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Cambridge 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, Cambridge Foundation Inc generated $24.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $69.3k during the year ending 12/2021. While expenses have increased by 0.2% 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, Cambridge Foundation Inc has awarded 340 individual grants totaling $518,678. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisa Thompson Vice President/director | 2 | $0 | |
Kristina Quinn President/director | 2 | $0 | |
Lindsay Haskins Director | 2 | $0 | |
Nate Garrison Director | 2 | $0 | |
Matt Goodwin Director | 2 | $0 | |
Gretchen Rasmussen Treasurer/secretary/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,141 |
| Dividends & Interest | $11,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,272 |
| Capital Gain Net Income | $10,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,291 |
| Contributions, gifts, grants paid | $63,971 |
| Total expenses and disbursements | $69,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $232,435 |
| 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 | $804,493 |
| 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, Cambridge Foundation Inc has awarded $62,471 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Brentwood, TN PURPOSE: GENERAL OPERATING FUND | $35,125 |
MAHARISHI INTERNATIONAL UNIVERSITY PURPOSE: GENERAL OPERATING FUND | $10,000 |
IHCC FOUNDATION PURPOSE: GENERAL OPERATING FUND | $3,000 |
Fairfield, IA PURPOSE: GENERAL OPERATING FUND | $2,200 |
Packwood, IA PURPOSE: GENERAL OPERATING FUND | $1,500 |
Des Moines, IA PURPOSE: GENERAL OPERATING FUND | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cambridge Foundation Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Eric Schwartz Fam Foundation Fairfield, IA PURPOSE: GENERAL SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |