Council Foundation
- Assets
- $3.5m
- Revenue
- $658.0k
- Investments
- $618.5k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 52-1811691
Organization Overview
Council Foundation is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Foundation 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, Council Foundation generated $658.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $496.4k during the year ending 12/2021. While expenses have increased by 7.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SECURE THE FUTURE OF THE COMMERCIAL INSURANCE BROKERAGE BUSINESS BY ATTRACTING AND DEVELOPING TOMORROW'S TALENT AND SUPPORTING FORWARD-THINKING RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS AWARDS SCHOLARSHIPS TO SUPPORT SELECT COLLEGE AND UNIVERSITY STUDENTS CURRENTLY INTERNING AT COUNCIL MEMBER FIRMS THAT ALSO MAJOR IN BUSINESS, RISK MANAGEMENT AND INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Crerar Secretary, President/ceo Of Ciab | Officer | 0.77 | $23,869 |
Benita Harrison-Wickline Chief Financial Officer | Officer | 1.88 | $18,926 |
Elizabeth Mcdaid Senior Vice President | 0.75 | $6,681 | |
Webb B Milward Senior Vice President | 1.04 | $3,678 | |
Mauren Lilenthal Vice President | 0.38 | $1,603 | |
Markham Mcknight Chair | OfficerTrustee | 0.1 | $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 | $396,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,295 |
| Total Program Service Revenue | $0 |
| Investment income | $120,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,000 |
| Grants and other assistance to domestic individuals. | $382,200 |
| 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 | $11,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,223 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $536 |
| 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 | $17,235 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $496,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,167 |
| Savings and temporary cash investments | $12,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,284,072 |
| Investments—other securities | $618,484 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,567 |
| Total assets | $3,533,972 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,828,459 |
| Net assets with donor restrictions | $705,513 |
| 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 | $3,533,972 |
Grants Awarded
Over the last fiscal year, Council Foundation has awarded $31,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Powell, OH PURPOSE: SUSTAINING PARTNER | $25,000 |
Los Angeles, CA PURPOSE: NATIONAL BOARD OF GOVERNORS 2021 | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Council Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Harvey Family Foundation West Chester, PA PURPOSE: UNRESTRICTED | $10,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL PURPOSES | $5,000 |
Endowment Analysis
| Beg. Balance | $343,257 |
| Earnings | $27,136 |
| Other Expense | $10,000 |
| Ending Balance | $360,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidosus Washington, DC | $149,728,935 | $69,502,602 |
Mortgage Bankers Association Of America Washington, DC | $151,811,395 | $48,193,239 |
New America Foundation Washington, DC | $57,037,802 | $40,604,855 |
The One Campaign Washington, DC | $67,622,430 | $19,634,455 |
National Association Of County And City Health Officials Washington, DC | $14,670,823 | $33,691,939 |
The Albert B Sabin Vaccine Institute Inc Washington, DC | $18,738,050 | $26,913,156 |
St Coletta Of Greater Washington Inc Washington, DC | $37,883,272 | $21,114,468 |
Fisher House Foundation Inc Rockville, MD | $70,108,334 | $49,075,688 |
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Robert F Kennedy Center For Justice And Human Rights Washington, DC | $60,116,357 | $7,527,165 |