Cape Cod Canal Region Foundation Inc
- Assets
- $114.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buzzards Bay, MA
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 80-0022399
Organization Overview
Cape Cod Canal Region Foundation Inc is located in Buzzards Bay, MA. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Cod Canal Region Foundation Inc 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, Cape Cod Canal Region Foundation Inc generated $45.3k 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 (10.6%) each year. All expenses for the organization totaled $27.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS-RENAISSANCE GRANTS USED TO FUND SPECIFIC PROJECTS AT LOCALS SCHOOLS TO EDUCATE STUDENTS INTERESTED IN COMMUNITY DEVELOPMENTSAND BUSINESS DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Peck Treasurer | 5 | $0 | |
Gayle Lee President | 5 | $0 | |
Eleanor Weller Director | 5 | $0 | |
Daniel Barber Director | 5 | $0 | |
Jillian Morton Director | 5 | $0 | |
Elizabeth Simmons Clerk/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,760 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,953 |
| Other Revenue | $564 |
| Total Revenue | $45,277 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,070 |
| Occupancy, rent, utilities, and maintenance | $3,980 |
| Printing, publications, postage, and shipping | $375 |
| Other expenses | $16,983 |
| Total expenses | $27,658 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,860 |
| Other assets | $0 |
| Total assets | $114,065 |
| Total liabilities | $50,500 |
| Net assets or fund balances | $63,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cape Cod Canal Region Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |