Cape Cod Foundation Inc
- Assets
- $76.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 10
- Location
- South Yarmouth, MA
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 51-0140462
Organization Overview
Cape Cod Foundation Inc is located in South Yarmouth, MA. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Cape Cod Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Cod 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, Cape Cod Foundation Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $8.1m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 8 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 2015, Cape Cod Foundation Inc has awarded 849 individual grants totaling $26,665,242. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CAPE COD FOUNDATION IS A COMMUNITY FOUNDATION WHOSE MISSION IS TO BUILD PERMANENT CHARITABLE RESOURCES FOR COMMUNITY BETTERMENT THROUGH INFORMED GRANT MAKING AND CIVIC LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO NON-PROFIT ORGANIZATIONS IN THE AREAS OF SOCIAL SERVICES, ARTS, HUMANITIES, & THE ENVIRONMENT. ALSO PROVIDES SCHOLARSHIPS TO LOCAL STUDENTS CONTINUING THEIR EDUCATION AT ACCREDITED COLLEGES AND UNIVERSITIES.
EXPENDITURES & SALARIES ASSOCIATED WITH THE OPERATION OF PROGRAM SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin O'malley President An | Officer | 40 | $187,983 |
Ramani Ayer Chair In 202 | OfficerTrustee | 2 | $0 |
Henry Holden Director | Trustee | 2 | $0 |
Paul Houlihan Director | Trustee | 2 | $0 |
Diana Lam Director | Trustee | 2 | $0 |
C Patricia Fater MD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $967,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,394,570 |
| Noncash contributions included in lines 1a–1f | $2,141,146 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,362,290 |
| Total Program Service Revenue | $0 |
| Investment income | $1,308,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,757,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,912,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,921,564 |
| Grants and other assistance to domestic individuals. | $46,665 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,009 |
| Compensation of current officers, directors, key employees. | $39,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $604,220 |
| Pension plan accruals and contributions | $16,855 |
| Other employee benefits | $33,302 |
| Payroll taxes | $59,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $889 |
| Fees for services: Accounting | $40,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $249,288 |
| Fees for services: Other | $8,030 |
| Advertising and promotion | $18,816 |
| Office expenses | $249,312 |
| Information technology | $36,075 |
| Royalties | $0 |
| Occupancy | $77,202 |
| Travel | $8,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,323 |
| Insurance | $4,925 |
| All other expenses | $0 |
| Total functional expenses | $8,073,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,404,133 |
| Savings and temporary cash investments | $3,829,228 |
| Pledges and grants receivable | $178,620 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,517 |
| Net Land, buildings, and equipment | $1,523,464 |
| Investments—publicly traded securities | $68,344,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $549,233 |
| Total assets | $76,841,135 |
| Accounts payable and accrued expenses | $55,217 |
| Grants payable | $1,341,142 |
| Deferred revenue | $2,740,972 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,178,456 |
| Total liabilities | $9,315,787 |
| Net assets without donor restrictions | $57,815,273 |
| Net assets with donor restrictions | $9,710,075 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $76,841,135 |
Grants Awarded
Over the last fiscal year, Cape Cod Foundation Inc has awarded $4,317,855 in support to 144 organizations.
| Grant Recipient | Amount |
|---|---|
AIDS SUPPORT GROUP OF CAPE COD PURPOSE: GENERAL SUPPORT | $17,000 |
ALZHEIMER'S FAMILY SUPPORT CENTER PURPOSE: GENERAL SUPPORT | $11,500 |
AMPLIFY POC CAPE COD PURPOSE: GENERAL SUPPORT | $25,000 |
AMAZING GRACE OF CAPE COD PURPOSE: SUPPORT/PROGRAMS | $22,000 |
ARTS FOUNDATION OF CAPE COD PURPOSE: EDUCATIONAL PROGRAM | $50,000 |
ATLANTIC CHALLENGE USA PURPOSE: GENERAL SUPPORT | $7,750 |