Cambridge In America
- Assets
- $88.0m
- Revenue
- $97.1m
- Investments
- $51.1k
- Employees
- 30
- Location
- New York, NY
- Founding
- 04/1967
- Data as of
- 07/2023
- EIN
- 52-6071299
Organization Overview
Cambridge In America is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 07/2023, Cambridge In America employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge In America 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 07/2023, Cambridge In America generated $97.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $37.8m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SUPPORT FOR CAMBRIDGE UNIVERSITY AND ITS CONSTITUENT COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE A BROAD BASE OF INTEREST IN AND FINANCIAL SUPPORT FOR THE UNIVERSITY OF CAMBRIDGE AND ITS CONSTITUENT COLLEGES KNOWN AS COLLEGIATE CAMBRIDGE, AMONG ITS ALUMNI AND FRIENDS IN THE AMERICAS BY COORDINATING AND ASSISTING ALUMNI ACTIVITIES, MAXIMIZING FUNDRAISING EFFORTS FOR THE EDUCATIONAL AND RESEARCH MISSIONS OF COLLEGIATE CAMBRIDGE FROM INDIVIDUALS, CORPORATIONS AND CHARITABLE FOUNDATIONS, MAKING KNOWN THE ACHIEVEMENTS OF COLLEGIATE CAMBRIDGE TO AND BEYOND THE ALUMNI BODY, BOTH DIRECTLY AND THROUGH THE PRESS AND MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Dawson Chair | OfficerTrustee | 2 | $0 |
Marc A Feigen Executive Vice-Chairman | OfficerTrustee | 2 | $0 |
Gavin Fynn Treasurer | OfficerTrustee | 2 | $0 |
Richard K Roeder Secretary | OfficerTrustee | 2 | $0 |
Gabrielle Bacon Trustee | Trustee | 0.5 | $0 |
Alison Davis Trustee | Trustee | 0.5 | $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 | $96,911,267 |
| Noncash contributions included in lines 1a–1f | $1,269,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,911,267 |
| Total Program Service Revenue | $0 |
| Investment income | $196,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,078,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,984,967 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,109,657 |
| Compensation of current officers, directors, key employees. | $299,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,850,309 |
| Pension plan accruals and contributions | $128,884 |
| Other employee benefits | $224,659 |
| Payroll taxes | $185,258 |
| Fees for services: Management | $9,130 |
| Fees for services: Legal | $22,460 |
| Fees for services: Accounting | $5,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,549 |
| Advertising and promotion | $116,844 |
| Office expenses | $192,275 |
| Information technology | $78,452 |
| Royalties | $0 |
| Occupancy | $825,511 |
| Travel | $218,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,505 |
| Insurance | $12,152 |
| All other expenses | $36,799 |
| Total functional expenses | $37,829,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,348,423 |
| Savings and temporary cash investments | $2,470,460 |
| Pledges and grants receivable | $72,976,670 |
| 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 | $13,508 |
| Net Land, buildings, and equipment | $272,069 |
| Investments—publicly traded securities | $8,471,744 |
| Investments—other securities | $51,117 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,389,267 |
| Total assets | $87,993,258 |
| Accounts payable and accrued expenses | $225,753 |
| Grants payable | $2,417,429 |
| 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 | $1,467,167 |
| Total liabilities | $4,110,349 |
| Net assets without donor restrictions | $10,906,239 |
| Net assets with donor restrictions | $72,976,670 |
| 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 | $87,993,258 |