Camber Foundation
- Assets
- $143.5m
- Revenue
- $30.4m
- Investments
- $77.2m
- Employees
- 3
- Location
- Durham, NC
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 56-1954387
Organization Overview
Camber Foundation is located in Durham, 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 12/2021, 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 12/2021, Camber Foundation generated $30.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $20.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Camber Foundation has awarded 28 individual grants totaling $39,526,510. 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 PROVIDE AND CREATE EDUCATION, EMPLOYMENT, AND LIFE ENRICHMENT OPPORTUNITIES REGIONALLY, NATIONALLY, AND INTERNATIONALLY FOR PEOPLE WHO DESIRE TO IMPROVE THE QUALITY OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT - CAPITAL NEEDS OF GOODWILL INDUSTRIES OF EASTERN NORTH CAROLINA PROVIDED OVER 450,000 SQUARE FEET FOR EMPLOYMENT SPACE WHERE CAMBER FOUNDATION MADE A CONTRIBUTION TO GIENC THAT RESULTED IN EMPLOYMENT OPPORTUNITIES FOR 595 PEOPLE THROUGH ITS 41 EMPLOYMENT PROGRAM CENTERS SERVING 19 COUNTIES LOCATED THROUGHOUT EASTERN NORTH CAROLINA IN 2021. PERSONS SERVED THROUGH EMPLOYMENT WERE PROVIDED AN AVERAGE HOURLY WAGE AND BENEFIT OF $21.18.
EDUCATION - CAMBER FOUNDATION PROVIDES GRANTS THAT RESULTED IN EDUCATION AND TRAINING THROUGH THE INTERNET IN TECHNOLOGY, MATH, AND ENGLISH. SERVING OVER 40 MILLION LEARNERS WORLDWIDE THROUGH TRAINING PROVIDED IN ENGLISH, SPANISH AND PORTUGUESE. CAMBER FOUNDATION PROVIDED GRANT FUNDS REGIONALLY, NATIONALLY AND INTERNATIONALLY TO IMPROVE THE SKILLS NEEDED TO FUNCTION IN THE WORLD OF WORK FOCUSING ON ENGLISH, TECHNOLOGY, AND MATH.
YOUTH - CAMBER FOUNDATION PROVIDES GRANT FUNDS REGIONALLY AND INTERNATIONALLY TO PROVIDE RESOURCES FOR SERVICES TO YOUTH SO THEY CAN HAVE THE OPPORTUNITY TO BECOME SUCCESSFUL ADULTS BY OVERCOMING THE SOCIAL, CULTURAL, AND LIFE BARRIERS TO THEIR SUCCESS AS HUMAN BEINGS THROUGH ORGANIZATIONS THAT PROVIDE AFTER SCHOOL PROGRAMMING, RESIDENTIAL CARE, AND FAMILY DEVELOPMENT ACTIVITIES.
DISABILITY - CAMBER FOUNDATION PROVIDED GRANT FUNDS REGIONALLY AND INTERNATIONALLY TO PROVIDE SERVICES TO PERSONS WITH DISABILITIES AND THEIR FAMILIES INCLUDING FAMILY SUPPORT ORGANIZATIONS AND PROJECTS THAT ENHANCE THE RESOURCES NEEDED TO PROVIDE DIRECT SERVICES TO PERSONS WITH DISABILITIES AS WELL AS THE IMPROVEMENT OR PURCHASE OF THE CAPITAL RESOURCES NEEDED TO SERVE THIS POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pavan Yerramsetty Treasurer | OfficerTrustee | 1 | $0 |
Phillip Cave President | OfficerTrustee | 35 | $0 |
Tom Lyon Secretary | OfficerTrustee | 1 | $0 |
John Stump Board Chair | OfficerTrustee | 1 | $0 |
German Arciniegas Board Member | Trustee | 1 | $0 |
Sharon Hill Board Member | 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 | $14,203,646 |
| Noncash contributions included in lines 1a–1f | $13,996,558 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,203,646 |
| Total Program Service Revenue | $427,456 |
| Investment income | $1,231,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,023 |
| Net Gain/Loss on Asset Sales | $14,270,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,406,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,218,408 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,274,628 |
| 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 | $42,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,477 |
| Payroll taxes | $3,188 |
| Fees for services: Management | $325,124 |
| Fees for services: Legal | $353,703 |
| Fees for services: Accounting | $40,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,129 |
| Fees for services: Other | $3,493 |
| Advertising and promotion | $786,739 |
| Office expenses | $30,918 |
| Information technology | $6,126 |
| Royalties | $0 |
| Occupancy | $145,919 |
| Travel | $63,676 |
| 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 | $1,189,469 |
| Insurance | $9,389 |
| All other expenses | $0 |
| Total functional expenses | $19,961,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,723,974 |
| Savings and temporary cash investments | $448,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,646,956 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,318 |
| Net Land, buildings, and equipment | $3,551,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $77,154,901 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,536,160 |
| Accounts payable and accrued expenses | $256,452 |
| 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 | $256,452 |
| Net assets without donor restrictions | $143,279,708 |
| 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 | $143,536,160 |
Grants Awarded
Over the last fiscal year, Camber Foundation has awarded $15,218,408 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: SUPPORT | $15,099,408 |
Port Orange, FL PURPOSE: SUPPORT | $56,250 |
Lenoir, NC PURPOSE: SUPPORT | $30,000 |
Edenton, NC PURPOSE: SUPPORT | $25,000 |
Port Orange, FL PURPOSE: SUPPORT | $7,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Camber Foundation has recieved totaling $1,650,022.
| Awarding Organization | Amount |
|---|---|
Goodwill Industries Of Eastern North Carolina Inc Durham, NC PURPOSE: grant to assist in developing online learning programs | $1,640,000 |
American Endowment Foundation Hudson, OH PURPOSE: GCF GLOBAL LEARNING | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The Global Fund Sperryville, VA | $31,742,511 | $20,841,947 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Operation Sharing Tennessee Oneida, TN | $4,077,173 | $16,068,695 |
Johnny Mac Soldiers Fund Inc Ashburn, VA | $3,599,907 | $5,224,033 |
Ujft Community Campus L L C Virginia Beach, VA | $22,712,202 | $1,877,122 |
Generations Inc Memphis, TN | $2,391,169 | $2,284,255 |
Francis P Chiaramonte Md Family Foundation Inc Alexandria, VA | $42,064,981 | $1,988,575 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Svdp Diocesan Council Of Charleston Simpsonville, SC | $683,288 | $1,824,626 |
A Step Ahead Foundation Inc Memphis, TN | $3,137,526 | $2,423,176 |
Autozoner Assistance Fund Inc Memphis, TN | $1,988,697 | $1,522,560 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |