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← CAMBRIDGE CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by CAMBRIDGE CHARITABLE FOUNDATION.

Totals

Total revenue
$4,397,502
Total expenses
$6,594,310
Contributions and grants received
$2,147,809
Grants paid
$5,844,458
Program service revenue
$0
Investment income
$2,062,376
Other revenue
$187,317
Total assets, end of year
$49,260,763
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$49,260,763
Program services expenses (Part IX)
$5,844,458
Management and general expenses
$584,304
Fundraising expenses
$165,548
Program service expenses (Part III)
$5,844,458

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,147,809

  • 1g · Noncash contributions included above

    $26,620

  • 3 · Investment income

    total $1,063,441 · excluded $1,063,441

  • 5 · Royalties

    total $175,345 · excluded $175,345

  • 7a · Gross sales of assets other than inventory

    securities $4,629,918

  • 7b · Less cost or other basis and sales expenses

    securities $3,630,983

  • 7c · Gain or loss

    securities $998,935

  • 7d · Net gain or loss

    total $998,935 · excluded $998,935

  • 11a · Other revenue: INCOME FROM PASSTHROUGH ENTITIES

    total $11,972 · unrelated business $11,840 · excluded $132

  • 11e · Other revenue, total

    $11,972

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,779,958 · program services $5,779,958

  • 3 · Grants to foreign organizations and individuals

    total $64,500 · program services $64,500

  • 11c · Fees: accounting

    total $16,519 · management and general $16,519

  • 11f · Fees: investment management

    total $243,686 · management and general $243,686

  • 11g · Fees: other

    total $472,995 · management and general $307,447 · fundraising $165,548

  • 13 · Office expenses

    total $5,678 · management and general $5,678

  • 14 · Information technology

    total $1,172 · management and general $1,172

  • 17 · Travel

    total $1,306 · management and general $1,306

  • 23 · Insurance

    total $3,278 · management and general $3,278

  • 24a · Other expenses: FEDERAL UBI TAX

    total $4,679 · management and general $4,679

  • 24b · Other expenses: CITY INCOME TAX

    total $300 · management and general $300

  • 24c · Other expenses: OHIO FILING FEE

    total $239 · management and general $239

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$210,386 · end of year $49,155

  • 2 · Savings and temporary cash investments

    beginning of year $3,033,292 · end of year $875,252

  • 11 · Investments: publicly traded securities

    beginning of year $43,466,466 · end of year $48,239,185

  • 12 · Investments: other securities

    beginning of year $101,391 · end of year $97,171

  • 29 · Capital stock, trust principal or current funds

    beginning of year $46,390,763 · end of year $49,260,763

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROMOTE PHILANTHROPY BROADLY THROUGHOUT THE GREATER CINCINNATI, OHIO REGION WHILE WORKING TO BUILD AND PRESERVE PERMANENT ENDOWMENT FUNDS FOR THE SUPPORT OF ARTS AND CULTURE, COMMUNITY PROGRESS, EDUCATION, THE ENVIRONMENT, HEALTH AND HUMAN SERVICES.

Activities or mission (Part I)

THE PRIMARY MISSION IS TO PROMOTE PHILANTHROPY BROADLY THROUGHOUT THE GREATER CINCINNATI, OHIO REGION WHILE WORKING TO BUILD AND PRESERVE PERMANENT ENDOWMENT FUNDS FOR THE SUPPORT OF ARTS AND CULTURE, COMMUNITY PROGRESS, EDUCATION, THE ENVIRONMENT, HEALTH AND HUMAN SERVICES.

  • THE SOLE PROGRAM SERVICE OF THE FOUNDATION IS TO PROVIDE GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS THAT MEET CERTAIN CRITERIA AND ARE APPROVED BY THE FOUNDATIONS' BOARD MEMBERS.

    Expenses $5,844,458 · Grants $5,844,458

As filed on the 2023 return.

Listed in Part VII

  • Daniel P Randolph

    PRESIDENT & TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marc A Randolph

    SEC, TREAS & TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joel Goldman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Georgana Taggart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VENDING SERVICES OF AMERICA LLC

    VENDING SERVICES · OH · income $175,345 · assets $2,120

    Directly controlled by CAMBRIDGE CHARITABLE FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423199349313062

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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