Camber Foundation
- Assets
- $144.8m
- Revenue
- $6.3m
- Investments
- $138.1m
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 56-1954387
Organization Overview
Camber Foundation is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Camber Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camber 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 12/2023, Camber Foundation generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Camber Foundation has awarded 90 individual grants totaling $43,584,188. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INVEST IN ORGANIZATIONS THAT SEEK TO STRENGTHEN COMMUNITIES THROUGH HEALTH & WELLNESS, EDUCATION, AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: CAMBER FOUNDATION PROVIDED GRANTS TO NONPROFITS TO ADVANCE EDUCATIONAL OPPORTUNITIES SO THAT ALL STUDENTS HAVE WHAT THEY NEED TO LEARN AND DEVELOP THE KNOWLEDGE AND SKILLS THAT DRIVE THEM TOWARD ACHIEVING THEIR FULL POTENTIAL AND EXCELLING IN THEIR FUTURE ENDEAVORS.
LIFE ENRICHMENT: CAMBER FOUNDATION PROVIDED GRANTS TO NONPROFITS TO EXPAND ACCESS TO THE BROAD SPECTRUM OF RESOURCES THAT PROMOTE OPTIMAL HEALTH AND WELL-BEING FOR COMMUNITIES, INDIVIDUALS, AND FAMILIES SO THAT ALL CAN THRIVE AND TO STRENGTHEN ELEMENTS OF THE ECONOMIC FIBER OF COMMUNITIES IN ORDER TO BOOST THE QUALITY OF LIFE AND PROSPERITY OF THE INDIVIDUALS AND FAMILIES WITHIN THEM.
YOUTH DEVELOPMENT: CAMBER FOUNDATION PROVIDED GRANTS TO NONPROFITS TO SUPPORT PROGRAMS AND SERVICES CONNECTING YOUTH TO CULTURAL OPPORTUNITIES, RESOURCES, EDUCATION AND SKILLS DEVELOPMENT, AS BENEFITING HEALTH & WELLNESS, EDUCATION AND/OR ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Schneider Treasurer | OfficerTrustee | 1 | $0 |
John Stump Board Chair | OfficerTrustee | 1 | $0 |
Jill Heath Board Member | OfficerTrustee | 1 | $0 |
Brad Davis Secretary | OfficerTrustee | 1 | $0 |
Brandy Dawson Board Member | Trustee | 1 | $0 |
Jenna Bryant Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fox Rothschild Llp Legal Services | 12/30/23 | $388,651 |
Alidade Glenwood Llc Rents/leaseholder Improvements | 12/30/23 | $218,126 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,553,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,672,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,321,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,127,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $98,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,226 |
| Compensation of current officers, directors, key employees. | $82,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,062 |
| Pension plan accruals and contributions | $7,765 |
| Other employee benefits | $18,335 |
| Payroll taxes | $27,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $462,325 |
| Fees for services: Accounting | $61,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $243,589 |
| Fees for services: Other | $211,472 |
| Advertising and promotion | $0 |
| Office expenses | $16,193 |
| Information technology | $51,711 |
| Royalties | $0 |
| Occupancy | $27,546 |
| Travel | $6,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,929 |
| Insurance | $13,725 |
| All other expenses | $746 |
| Total functional expenses | $5,190,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,360 |
| Savings and temporary cash investments | $1,936,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,983 |
| 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 | $31,143 |
| Net Land, buildings, and equipment | $3,471,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $138,107,211 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $834,400 |
| Total assets | $144,842,160 |
| Accounts payable and accrued expenses | $93,374 |
| 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 | $831,797 |
| Total liabilities | $925,171 |
| Net assets without donor restrictions | $143,916,989 |
| Net assets with donor restrictions | $0 |
| 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 | $144,842,160 |
Grants Awarded
Over the last fiscal year, Camber Foundation has awarded $3,127,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY TAR RIVER REGION PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
A BETTER CHANCE A BETTER COMMUNITY PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
ACES FOR AUTISM PURPOSE: SENSORY EQUIPMENT | $15,000 |
ACCESS EAST PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
ALBEMARLE HOPELINE INC PURPOSE: HOPE AND HEALING: MENTAL HEALTH CARE FOR SURVIVORS OF INTIMATE PARTNER VIOLENCE | $35,000 |
AMERICAN CANCER SOCIETY PURPOSE: MCCONNELL-RAAB HOPE LODGE | $15,000 |