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Nonprofiteer
← CAMBRIDGE COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by CAMBRIDGE COMMUNITY FOUNDATION.

Totals

Total revenue
$9,057,773
Total expenses
$6,014,600
Contributions and grants received
$5,930,574
Grants paid
$3,604,494
Program service revenue
$0
Investment income
$3,031,103
Other revenue
$96,096
Total assets, end of year
$55,289,587
Total liabilities, end of year
$2,547,314
Net assets or fund balances, end of year
$52,742,273
Program services expenses (Part IX)
$4,628,974
Management and general expenses
$823,449
Fundraising expenses
$562,177
Program service expenses (Part III)
$4,628,974

Program services were 77.0% 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)

    $684,945

  • 1f · All other contributions, gifts and grants

    $5,245,629

  • 1g · Noncash contributions included above

    $897,982

  • 3 · Investment income

    total $1,104,712 · excluded $1,104,712

  • 7a · Gross sales of assets other than inventory

    securities $2,711,861

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

    securities $785,470

  • 7c · Gain or loss

    securities $1,926,391

  • 7d · Net gain or loss

    total $1,926,391 · excluded $1,926,391

  • 11a · Other revenue: ADMINISTRATIVE FEES CHARGED

    total $90,315 · related or exempt $90,315

  • 11b · Other revenue: MISC. INCOME

    total $5,781 · related or exempt $5,781

  • 11e · Other revenue, total

    $96,096

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,604,494 · program services $3,604,494

  • 5 · Compensation of officers, directors and key employees

    total $659,816 · program services $351,639 · management and general $75,895 · fundraising $232,282

  • 7 · Other salaries and wages

    total $766,958 · program services $235,978 · management and general $350,553 · fundraising $180,427

  • 8 · Pension plan contributions

    total $17,075 · program services $5,254 · management and general $7,804 · fundraising $4,017

  • 9 · Other employee benefits

    total $108,063 · program services $33,248 · management and general $49,393 · fundraising $25,422

  • 10 · Payroll taxes

    total $84,943 · program services $25,212 · management and general $31,394 · fundraising $28,337

  • 11b · Fees: legal

    total $48,743 · management and general $48,743

  • 11c · Fees: accounting

    total $18,821 · management and general $18,821

  • 11g · Fees: other

    total $164,984 · program services $132,625 · management and general $22,444 · fundraising $9,915

  • 13 · Office expenses

    total $112,189 · program services $8,954 · management and general $100,305 · fundraising $2,930

  • 16 · Occupancy

    total $107,328 · program services $31,686 · management and general $39,616 · fundraising $36,026

  • 23 · Insurance

    total $9,298 · management and general $9,298

  • 24a · Other expenses: COMMUNICATIONS AND OUTREA

    total $261,773 · program services $186,897 · management and general $61,856 · fundraising $13,020

  • 24b · Other expenses: MISCELLANEOUS

    total $28,928 · management and general $7,327 · fundraising $21,601

  • 24c · Other expenses: DIRECT PROGRAM COSTS

    total $12,987 · program services $12,987

  • 24d · Other expenses: FUNDRAISING

    total $8,200 · fundraising $8,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $897,595 · end of year $1,273,577

  • 2 · Savings and temporary cash investments

    beginning of year $864,361 · end of year $2,505

  • 3 · Pledges and grants receivable

    beginning of year $46,497 · end of year $1,050,376

  • 4 · Accounts receivable

    beginning of year $40,830

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,060 · end of year $67,744

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

    $33,239

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

    $33,239

  • 11 · Investments: publicly traded securities

    beginning of year $47,038,304 · end of year $51,352,900

  • 12 · Investments: other securities

    beginning of year $284,395 · end of year $265,815

  • 15 · Other assets

    beginning of year $1,300,152 · end of year $1,276,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,562 · end of year $34,897

  • 18 · Grants payable

    beginning of year $204,413 · end of year $321,248

  • 25 · Other liabilities

    beginning of year $2,592,769 · end of year $2,191,169

  • 27 · Net assets without donor restrictions

    beginning of year $24,085,659 · end of year $26,967,150

  • 28 · Net assets with donor restrictions

    beginning of year $23,545,791 · end of year $25,775,123

Mission and programs · 2022

Mission

CAMBRIDGE COMMUNITY FOUNDATION (CCF) IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR THE RESIDENTS OF CAMBRIDGE. FOUNDED IN 1916, CCF SERVES THE CITY THROUGH ITS CIVIC LEADERSHIP AND SUPPORT OF NONPROFIT COMMUNITY ORGANIZATIONS. DIRECT FINANCIAL GRANTS, PROVIDING TECHNICAL ASSISTANCE, AND FORMING PARTNERSHIPS AMONG ORGANIZATIONS TO COORDINATE SERVICES, ADDRESS GAPS, AND HIGHLIGHT EMERGING ISSUES. CCF SUPPORTS WORK IN THE FOLLOWING SIX AREAS: EARLY CHILDHOOD SERVICES YOUTH SERVICES SENIOR SERVICES COMMUNITY SERVICES EMERGENCY SERVICES ARTS AND THE ENVIRONMENT

  • GRANTS PAID TO NON PROFIT AGENCIES IN THE CAMBRIDGE AREA THAT PROVIDE SERVICES TO THE LOCAL POPULATION AT LARGE.

    Expenses $4,628,974 · Grants $3,604,494

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Geeta Pradhan

    PRESIDENT

    Total calculated
    $224,802
    From this org
    $206,819
    From related orgs
    $0
    Other
    $17,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,819
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $17,983
    Filer's total
    $224,802

  • Michal Rubin

    VP OF DEVELO

    Total calculated
    $188,037
    From this org
    $155,084
    From related orgs
    $0
    Other
    $32,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,084
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $32,953
    Filer's total
    $188,037

  • Geoffrey O'Connell

    CFO

    Total calculated
    $171,126
    From this org
    $145,059
    From related orgs
    $0
    Other
    $26,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,059
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $26,067
    Filer's total
    $171,126

  • Lauren Marshall

    MARKETING DI

    Total calculated
    $135,924
    From this org
    $120,939
    From related orgs
    $0
    Other
    $14,985
    Hours/week
    40

  • Cambridge Trust Company

    TRUSTEE

    Total calculated
    $208,115
    From this org
    $208,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bank Of America

    TRUSTEE

    Total calculated
    $35,272
    From this org
    $35,272
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Phil Johnson

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    8

  • Andus Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ty Bellitti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian E Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lauren S Cosulich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Judith Cranna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ed Fiejo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Gallop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rick Grudzinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel S Kern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sakshi Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lori Lander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Winifred Lenihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Milkovits

    INTERIM TREA

    Total calculated
    $0
    Hours/week
    2

  • Michael Monestime

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Pline

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gail Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Roosevelt Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Denis Sheahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lorraine Thornhill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Todd Sperry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janet Steinmayer

    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 · 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.

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.

  • MORTGAGE MANAGEMENT 2 LLC

    HOLDS MORT · MA · assets $265,815

Provenance

Return type
form_990
Tax year
2022
Filed
18 November 2023
IRS schema version
2022v5.0
Source object
202420169349303662

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

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