Cambridge Savings Charitable Foundation Inc
- Assets
- $1.6m
- Revenue
- -$656.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 48-1307731
Organization Overview
Cambridge Savings Charitable Foundation Inc is located in Cambridge, MA. The organization was established in 2003. 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. Cambridge Savings Charitable 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.
Since 2019, Cambridge Savings Charitable Foundation Inc has awarded 1,197 individual grants totaling $10,265,764. 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
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Adams Cushman Director | 1 | $7,500 | |
Robert P Reardon Director | 1 | $7,500 | |
Robert Ramsey Director | 1 | $7,500 | |
Robert M Wilson Director | 1 | $7,500 | |
Wayne F Patenaude President/ceo/chairman | 1 | $0 | |
Charles O Lyons Passed Away Director | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,088,374 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $310,000 |
| Total Revenue | -$656,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $50,150 |
| Contributions, gifts, grants paid | $3,047,856 |
| Total expenses and disbursements | $3,098,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $304,483 |
| 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 | $1,260,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,565,166 |
| 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 Savings Charitable Foundation Inc has awarded $2,826,006 in support to 239 organizations.
| Grant Recipient | Amount |
|---|---|
200 CLUB OF MELROSE PURPOSE: EXEMPT PURPOSE | $200 |
ACCESSPORTAMERICA PURPOSE: EXEMPT PURPOSE | $8,870 |
ABOUT FRESH INC PURPOSE: EXEMPT PURPOSE | $10,000 |
ACE MENTOR PROGRAM OF GREATER BOSTON PURPOSE: EXEMPT PURPOSE | $10,000 |
ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC PURPOSE: EXEMPT PURPOSE | $50,000 |
ACTON COMMUNITY SUPPER & FOOD PANTRY INC PURPOSE: EXEMPT PURPOSE | $2,500 |