University Club Foundation Inc
- Assets
- $9.9m
- Revenue
- $240.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 52-1799945
Organization Overview
University Club Foundation Inc is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Club 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, University Club Foundation Inc generated $240.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $612.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, University Club Foundation Inc has awarded 31 individual grants totaling $1,694,185. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CLUB LIBRARY AND PROVIDE SCHOLARSHIPS TO CLUB EMPLOYEES AND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY - TO FURTHER AND SUPPORT THE UNIVERSITY CLUB LIBRARY AND ITS EXEMPT PURPOSE
FINANCIAL ASSISTANCE - TO PROVIDE FINANCIAL AID TO UNIVERSITY CLUB EMPLOYEES AND THEIR CHILDREN
SCHOLARSHIPS - TO PROVIDE SCHOLARSHIPS TO UNIVERSITY CLUB EMPLOYEES AND THEIR CHILDREN
SUPPORT OF OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott E Beck President | OfficerTrustee | 1 | $0 |
Preston A Englert Jr Secretary | OfficerTrustee | 1 | $0 |
Barry J Hart Vice President | OfficerTrustee | 1 | $0 |
Timothy Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Krista Long Executive Director | Officer | 40 | $0 |
Peter J Farrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,184 |
| Total Program Service Revenue | $0 |
| Investment income | $93,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,078 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $423,061 |
| Grants and other assistance to domestic individuals. | $74,477 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,514 |
| Fees for services: Other | $42,796 |
| Advertising and promotion | $0 |
| Office expenses | $9,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $266 |
| Total functional expenses | $612,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,071,004 |
| Pledges and grants receivable | $5,035,724 |
| 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 | $9,510 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,944,847 |
| Investments—other securities | $0 |
| Investments—program-related | $815,656 |
| Intangible assets | $0 |
| Other assets | $53,410 |
| Total assets | $9,930,151 |
| Accounts payable and accrued expenses | $64,196 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $134,797 |
| Total liabilities | $198,993 |
| Net assets without donor restrictions | $2,089,624 |
| Net assets with donor restrictions | $7,641,534 |
| 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 | $9,930,151 |
Grants Awarded
Over the last fiscal year, University Club Foundation Inc has awarded $404,076 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: CLUB LIBRARY SUPPORT. | $383,586 |
Washington, DC PURPOSE: COMMUNITY FOOD BANK SUPPORT | $14,000 |
Washington, DC PURPOSE: EDUCATIONAL MENTORING PROGRAMS. | $6,490 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Club Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
Endowment Analysis
| Beg. Balance | $1,231,789 |
| Earnings | $106,910 |
| Admin Expense | $9,211 |
| Net Contributions | $36,971 |
| Other Expense | $45,685 |
| Ending Balance | $1,320,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |