American Contract Bridge League Charity Foundation Corp
- Assets
- $772.6k
- Revenue
- $141.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Horn Lake, MS
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 58-1408671
Organization Overview
American Contract Bridge League Charity Foundation Corp is located in Horn Lake, MS. The organization was established in 1975. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Contract Bridge League Charity Foundation Corp 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, American Contract Bridge League Charity Foundation Corp generated $141.0k 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 (9.5%) each year. All expenses for the organization totaled $34.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Contract Bridge League Charity Foundation Corp has awarded 144 individual grants totaling $1,155,827. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ACBL CHARITY FOUNDATION SEEKS TO IMPROVE THE QUALITY OF LIFE IN ALL OUR COMMUNITIES
Describe the Organization's Program Activity:
DISTRIBUTED FUNDS TO VARIOUS ORGANIZATIONS FOR CHARITABLE, SCIENTIFIC, AND LITERARY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Shoemaker Trustee | Trustee | 0 | $0 |
Russ Jones Treasurer | Trustee | 0 | $0 |
James Sternberg Trustee | Trustee | 0 | $0 |
Jackie Zayac Vice President | Trustee | 0 | $0 |
Nancy Strohmer President | Trustee | 0 | $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 | $900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900 |
| Total Program Service Revenue | $134,741 |
| Investment income | $5,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $10,040 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,350 |
| Office expenses | $32 |
| Information technology | $2,433 |
| 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 | $2,690 |
| Total functional expenses | $34,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $622,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,808 |
| 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 | $115,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $772,626 |
| 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 | $772,626 |
| 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 | $772,626 |
Grants Awarded
Over the last fiscal year, American Contract Bridge League Charity Foundation Corp has awarded $147,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: OPERATIONS | $30,000 |
SUNSET RIDGE-MIDDLEFORK ASSOCIATION PURPOSE: OPERATIONS | $15,000 |
Madison, WI PURPOSE: OPERATIONS | $15,000 |
Houston, TX PURPOSE: OPERATIONS | $10,000 |
Hampton, VA PURPOSE: OPERATIONS | $7,000 |
Baltimore, MD PURPOSE: OPERATIONS | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Contract Bridge League Charity Foundation Corp has recieved totaling $222.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Area United Way Baton Rouge, LA | $14,566,817 | $6,965,583 |
Jewish Endowment Foundation Metairie, LA | $92,360,141 | $9,096,206 |
Memphis Jewish Federation Memphis, TN | $22,860,800 | $6,269,163 |
United Way Of Southwest Louisiana Inc Lake Charles, LA | $15,403,534 | $5,615,764 |
Jewish Federation Of Nashville & Middle Tennessee Nashville, TN | $40,918,621 | $7,283,638 |
Jewish Federation Of Greater New Orleans Metairie, LA | $12,688,953 | $5,202,061 |
United Way Of West Alabama Inc Tuscaloosa, AL | $5,814,204 | $4,810,618 |
The United Way Of Northeast Louisiana Inc Monroe, LA | $3,759,004 | $4,202,470 |
United Way Of Acadiana Inc Lafayette, LA | $6,584,637 | $5,306,195 |
United Way Of Northwest Arkansas Inc Lowell, AR | $2,929,673 | $3,800,587 |
United Way Of The Ocoee Region Cleveland, TN | $36,440,230 | $6,391,561 |
Community Action Agency Of Northwest Alabama Inc Florence, AL | $640,361 | $3,763,381 |