The Crimsonbridge Foundation Inc
- Assets
- $15.6m
- Revenue
- $2.8m
- Investments
- $11.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-4376653
Organization Overview
The Crimsonbridge Foundation Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Crimsonbridge 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 12/2023, Crimsonbridge Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 70.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 5 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 2020, Crimsonbridge Foundation Inc has awarded 251 individual grants totaling $3,638,355. 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 CRIMSONBRIDGE FOUNDATION IS AN ENTREPRENEURIAL PHILANTHROPIC ORGANIZATION THAT BUILDS BRIDGES OF COLLABORATION TO CREATE TRANSFORMATIVE SOLUTIONS TO IMPROVE THE LIVES OF OUR NATION'S YOUTH AND FAMILIES. WE INNOVATE AND STRATEGICALLY INVEST IN EDUCATION, LEADERSHIP DEVELOPMENT, ENVIRONMENTAL SUSTAINABILITY, AND CAPACITY BUILDING PROGRAMS TO HELP AMERICA'S YOUTH AND NONPROFIT ORGANIZATIONS ACHIEVE THEIR POTENTIAL. OUR MOST COMMON ACTIVITIES INCLUDE SUPPORTING AND/OR COLLABORATING WITH NONPROFITS AND COMMUNITY PARTNERS TO DESIGN, IMPLEMENT, AND PROMOTE PROGRAMS, CONDUCT RESEARCH AND DISSEMINATE FINDINGS, PROVIDE INTENSIVE PROGRAM AND ORGANIZATION SPECIFIC TECHNICAL ASSISTANCE, AND PRESENTING AT REGIONAL AND NATIONAL WORKSHOPS AND CONFERENCES. IN ADDITION, WE ACTIVELY SERVE ON EXTERNAL GRANT AND OTHER NONPROFIT COMMITTEES AND TASKFORCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriela Smith Founder & Executive Chair | 20 | $0 | |
Danielle Reyes President & CEO | 50 | $268,986 | |
Adrianna Smith Reig Director | 1 | $0 | |
Brendon Smith Director | 1 | $0 | |
Robyn Ellis Program Officer | 40 | $107,816 | |
Caitlin Mayo - 1050 Connecticut Senior Program Offic | 40 | $108,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,522,430 |
| Interest on Savings | $26,643 |
| Dividends & Interest | $282,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52 |
| Capital Gain Net Income | $1,022,379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,118 |
| Total Revenue | $2,832,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $268,986 |
| Other employee salaries and wages | $466,044 |
| Pension plans, employee benefits | $141,014 |
| Interest | $0 |
| Taxes | $14,875 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,263 |
| Printing and publications | $0 |
| Other expenses | $21,351 |
| Total operating and administrative expenses | $989,403 |
| Contributions, gifts, grants paid | $1,188,750 |
| Total expenses and disbursements | $2,178,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,667 |
| Savings and temporary cash investments | $4,190,591 |
| 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 | $11,145,904 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,644,162 |
| Accounts payable and accrued expenses | $738 |
| 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 | $738 |
Grants Awarded
Over the last fiscal year, The Crimsonbridge Foundation Inc has awarded $1,329,750 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAMSON SCHOLARSHIP FOUNDATION PURPOSE: CRIMSONBRIDGE TEAM PHILANTHROPY PROGRAM | $1,000 |
AFRITHRIVE PURPOSE: CRIMSONBRIDGE TEAM PHILANTHROPY PROGRAM | $1,000 |
ARCHDIOCESE OF WASHINGTON SECRETARIAT FOR COMMUNICATIONS PURPOSE: HISPANIC COMMUNICATIONS CAPACITY BUILDING | $20,000 |
ASSOCIATION OF COMMUNITY COLLEGE TRUSTEES PURPOSE: COLLEGE SUCCESS - KIDS ON CAMPUS PROJECT | $100,000 |
ALL SAINTS CATHOLIC SCHOOL PURPOSE: BRIDGES FOR SCHOOLS PROGRAM | $6,000 |
BETHANY HOUSE OF NOVA PURPOSE: CRIMSONBRIDGE TEAM PHILANTHROPY PROGRAM | $1,000 |