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Nonprofiteer
← CAPE COD FOUNDATION INC

Form 990 for tax year 2022

Filed by CAPE COD FOUNDATION INC.

Totals

Total revenue
$5,912,787
Total expenses
$8,073,723
Contributions and grants received
$6,362,290
Grants paid
$5,968,229
Program service revenue
$0
Investment income
-$449,503
Other revenue
$0
Total assets, end of year
$76,841,135
Total liabilities, end of year
$9,315,787
Net assets or fund balances, end of year
$67,525,348
Program services expenses (Part IX)
$7,081,513
Management and general expenses
$661,856
Fundraising expenses
$330,354
Program service expenses (Part III)
$7,081,513

Program services were 87.7% 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.

  • 1e · Government grants (contributions)

    $967,720

  • 1f · All other contributions, gifts and grants

    $5,394,570

  • 1g · Noncash contributions included above

    $2,141,146

  • 3 · Investment income

    total $1,308,418 · excluded $1,308,418

  • 7a · Gross sales of assets other than inventory

    securities $20,009,954

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

    securities $21,767,875

  • 7c · Gain or loss

    securities -$1,757,921

  • 7d · Net gain or loss

    total -$1,757,921 · related or exempt -$1,757,921

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,921,564 · program services $5,921,564

  • 2 · Grants to domestic individuals

    total $46,665 · program services $46,665

  • 5 · Compensation of officers, directors and key employees

    total $198,009 · program services $39,602 · management and general $39,602 · fundraising $118,805

  • 7 · Other salaries and wages

    total $604,220 · program services $275,577 · management and general $173,699 · fundraising $154,944

  • 8 · Pension plan contributions

    total $16,855 · program services $8,368 · management and general $7,210 · fundraising $1,277

  • 9 · Other employee benefits

    total $33,302 · program services $14,431 · management and general $12,628 · fundraising $6,243

  • 10 · Payroll taxes

    total $59,671 · program services $24,338 · management and general $14,854 · fundraising $20,479

  • 11b · Fees: legal

    total $889 · management and general $889

  • 11c · Fees: accounting

    total $40,830 · management and general $40,830

  • 11f · Fees: investment management

    total $249,288 · program services $249,288

  • 11g · Fees: other

    total $8,030 · management and general $7,580 · fundraising $450

  • 12 · Advertising and promotion

    total $18,816 · program services $2,902 · fundraising $15,914

  • 13 · Office expenses

    total $249,312 · program services $7,915 · management and general $231,512 · fundraising $9,885

  • 14 · Information technology

    total $36,075 · management and general $36,075

  • 16 · Occupancy

    total $77,202 · management and general $77,202

  • 17 · Travel

    total $8,436 · program services $1,158 · management and general $4,921 · fundraising $2,357

  • 22 · Depreciation, depletion and amortization

    total $45,323 · program services $44,872 · management and general $451

  • 23 · Insurance

    total $4,925 · management and general $4,925

  • 24a · Other expenses: PROJECT COSTS

    total $444,516 · program services $444,340 · management and general $176

  • 24b · Other expenses: BAD DEBT

    total $5,500 · management and general $5,500

  • 24c · Other expenses: SUBSCRIPTIONS MEMBERSHIPS

    total $2,178 · management and general $2,178

  • 24d · Other expenses: MISCELLANEOUS

    total $2,117 · program services $493 · management and general $1,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,364,748 · end of year $2,404,133

  • 2 · Savings and temporary cash investments

    end of year $3,829,228

  • 3 · Pledges and grants receivable

    beginning of year $106,620 · end of year $178,620

  • 4 · Accounts receivable

    beginning of year $3,771

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,542 · end of year $11,517

  • 10a · Land, buildings and equipment: cost or other basis

    $2,459,402

  • 10b · Land, buildings and equipment: accumulated depreciation

    $935,938

  • 10c · Land, buildings and equipment, net

    beginning of year $1,568,787 · end of year $1,523,464

  • 11 · Investments: publicly traded securities

    beginning of year $81,212,326 · end of year $68,344,940

  • 15 · Other assets

    beginning of year $573,582 · end of year $549,233

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,849 · end of year $55,217

  • 18 · Grants payable

    beginning of year $1,044,533 · end of year $1,341,142

  • 19 · Deferred revenue

    beginning of year $2,340,972 · end of year $2,740,972

  • 25 · Other liabilities

    beginning of year $5,411,231 · end of year $5,178,456

  • 27 · Net assets without donor restrictions

    beginning of year $67,058,077 · end of year $57,815,273

  • 28 · Net assets with donor restrictions

    beginning of year $12,926,714 · end of year $9,710,075

Mission and programs · 2022

Mission

THE CAPE COD FOUNDATION IS A COMMUNITY FOUNDATION WHOSE MISSION IS TO BUILD PERMANENT CHARITABLE RESOURCES FOR COMMUNITY BETTERMENT THROUGH INFORMED GRANT MAKING AND CIVIC LEADERSHIP.

  • PROVIDED SUPPORT TO NON-PROFIT ORGANIZATIONS IN THE AREAS OF SOCIAL SERVICES, ARTS, HUMANITIES, & THE ENVIRONMENT. ALSO PROVIDES SCHOLARSHIPS TO LOCAL STUDENTS CONTINUING THEIR EDUCATION AT ACCREDITED COLLEGES AND UNIVERSITIES.

    Expenses $6,706,729 · Grants $5,968,229

  • EXPENDITURES & SALARIES ASSOCIATED WITH THE OPERATION OF PROGRAM SERVICES TO THE COMMUNITY.

    Expenses $374,784

As filed on the 2022 return.

Listed in Part VII

  • Kristin O'Malley

    PRESIDENT AN

    Total calculated
    $193,919
    From this org
    $187,983
    From related orgs
    $0
    Other
    $5,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,983
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $5,936
    Filer's total
    $193,919

  • Ramani Ayer

    CHAIR IN 202

    Total calculated
    $0
    Hours/week
    2

  • Henry Holden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Houlihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diana Lam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • C Patricia Fater MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Meservey

    CHAIR AS OF

    Total calculated
    $0
    Hours/week
    2

  • Sharon Nunes

    IMMED. PAST

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Oliver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Quinn

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Sherman

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Sara Lou Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Stack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janet Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Trachsel

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2023
IRS schema version
2022v5.0
Source object
202301189349301415

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