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← CAMBRIDGE COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by CAMBRIDGE COMMUNITY FOUNDATION.

Totals

Total revenue
$11,826,432
Total expenses
$6,980,632
Contributions and grants received
$5,873,597
Grants paid
$4,003,935
Program service revenue
$0
Investment income
$5,867,595
Other revenue
$85,240
Total assets, end of year
$68,873,102
Total liabilities, end of year
$3,305,540
Net assets or fund balances, end of year
$65,567,562
Program services expenses (Part IX)
$5,410,771
Management and general expenses
$979,083
Fundraising expenses
$590,778
Program service expenses (Part III)
$5,410,771

Program services were 77.5% 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)

    $50,043

  • 1f · All other contributions, gifts and grants

    $5,823,554

  • 1g · Noncash contributions included above

    $1,687,724

  • 3 · Investment income

    total $1,415,172 · excluded $1,415,172

  • 7a · Gross sales of assets other than inventory

    securities $17,335,517

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

    securities $12,883,094

  • 7c · Gain or loss

    securities $4,452,423

  • 7d · Net gain or loss

    total $4,452,423 · excluded $4,452,423

  • 11a · Other revenue: MISC. INCOME

    total $79,745 · related or exempt $79,745

  • 11b · Other revenue: ADMINISTRATIVE FEES CHARGED

    total $5,495 · related or exempt $5,495

  • 11e · Other revenue, total

    $85,240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,993,935 · program services $3,993,935

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $917,234 · program services $419,924 · management and general $267,086 · fundraising $230,224

  • 7 · Other salaries and wages

    total $1,030,695 · program services $551,206 · management and general $334,596 · fundraising $144,893

  • 8 · Pension plan contributions

    total $24,993 · program services $14,548 · management and general $8,117 · fundraising $2,328

  • 9 · Other employee benefits

    total $131,846 · program services $63,707 · management and general $37,065 · fundraising $31,074

  • 10 · Payroll taxes

    total $121,609 · program services $50,523 · management and general $43,570 · fundraising $27,516

  • 11b · Fees: legal

    total $72,595 · program services $1,452 · management and general $40,000 · fundraising $31,143

  • 11c · Fees: accounting

    total $29,841 · management and general $29,841

  • 11g · Fees: other

    total $145,693 · program services $137,150 · management and general $5,609 · fundraising $2,934

  • 12 · Advertising and promotion

    total $43,981 · program services $27,660 · fundraising $16,321

  • 13 · Office expenses

    total $223,078 · program services $49,544 · management and general $124,686 · fundraising $48,848

  • 14 · Information technology

    total $25,162 · program services $10,455 · management and general $9,013 · fundraising $5,694

  • 16 · Occupancy

    total $114,143 · program services $47,426 · management and general $40,886 · fundraising $25,831

  • 17 · Travel

    total $22,392 · program services $11,196 · fundraising $11,196

  • 19 · Conferences, conventions and meetings

    total $16,278 · program services $12,500 · fundraising $3,778

  • 23 · Insurance

    total $6,085 · management and general $6,085

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $32,179 · program services $3,645 · management and general $28,534

  • 24b · Other expenses: ANNUAL APPEAL

    total $8,239 · fundraising $8,239

  • 24c · Other expenses: GRANT REVIEW STIPEND

    total $3,800 · program services $3,800

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $3,448 · management and general $3,448

  • 24e · All other expenses

    total $3,406 · program services $2,100 · management and general $547 · fundraising $759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,007,544 · end of year $2,047,672

  • 2 · Savings and temporary cash investments

    beginning of year $2,505 · end of year $2,507

  • 3 · Pledges and grants receivable

    beginning of year $320,000 · end of year $485,000

  • 4 · Accounts receivable

    beginning of year $62,919 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,403 · end of year $69,254

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

    $33,239

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

    $33,239

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $59,803,855 · end of year $64,357,609

  • 12 · Investments: other securities

    beginning of year $246,083 · end of year $224,813

  • 15 · Other assets

    beginning of year $1,255,120 · end of year $1,686,247

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,792 · end of year $121,927

  • 18 · Grants payable

    beginning of year $964,766 · end of year $677,954

  • 25 · Other liabilities

    beginning of year $2,036,821 · end of year $2,505,659

  • 27 · Net assets without donor restrictions

    beginning of year $32,350,007 · end of year $36,293,770

  • 28 · Net assets with donor restrictions

    beginning of year $27,276,043 · end of year $29,273,792

Mission and programs · 2024

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.

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

    Expenses $5,410,771 · Grants $4,003,935

As filed on the 2024 return.

Listed in Part VII

  • GEETA PRADHAN

    PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $251,821
    From this org
    $221,524
    From related orgs
    $0
    Other
    $30,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,524
    Bonus
    $0
    Other
    $0
    Deferred
    $13,302
    Nontaxable benefits
    $16,995
    Filer's total
    $251,821

  • MICHAL RUBIN

    VP OF PHILANTHROPIC PARTNERSHIPS

    Total calculated
    $173,379
    From this org
    $167,066
    From related orgs
    $0
    Other
    $6,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,066
    Bonus
    $0
    Other
    $0
    Deferred
    $5,012
    Nontaxable benefits
    $1,301
    Filer's total
    $173,379

  • GEOFFREY O'CONNELL

    CFO

    Total calculated
    $174,377
    From this org
    $152,359
    From related orgs
    $0
    Other
    $22,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,359
    Bonus
    $0
    Other
    $0
    Deferred
    $4,690
    Nontaxable benefits
    $17,328
    Filer's total
    $174,377

  • LAUREN MARSHALL

    VP OF MARKETING & CIVIC ENGAGEMENT

    Total calculated
    $160,339
    From this org
    $137,210
    From related orgs
    $0
    Other
    $23,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,210
    Bonus
    $0
    Other
    $0
    Deferred
    $4,288
    Nontaxable benefits
    $18,841
    Filer's total
    $160,339

  • ELIZABETH PATTON

    CHIEF OF STAFF

    Total calculated
    $127,469
    From this org
    $122,548
    From related orgs
    $0
    Other
    $4,921
    Hours/week
    40

  • CHRISTINA TURNER

    VP OF PROGRAMS & GRANTMAKING

    Total calculated
    $152,520
    From this org
    $139,777
    From related orgs
    $0
    Other
    $12,743
    Hours/week
    40

  • WEN LO

    FINANCE OFFICER

    Total calculated
    $132,277
    From this org
    $121,648
    From related orgs
    $0
    Other
    $10,629
    Hours/week
    40

  • CAMBRIDGE TRUST COMPANY

    TRUSTEE

    Total calculated
    $266,585
    From this org
    $266,585
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BANK OF AMERICA

    TRUSTEE

    Total calculated
    $40,569
    From this org
    $40,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • PHIL JOHNSON

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    8

  • BETH MILKOVITS

    INTERIM TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANDUS BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TY BELLITTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • FRANTZ BIEN-AIME

    TRUSTEE

    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

  • WINIFRED LENIHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HAMBLETON LORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MONESTIME

    DIRECTOR

    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

  • TODD SPERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LORRAINE THORNHILL

    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

  • 2 · Substantiation required before reimbursing expenses
  • 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 MORTGAGE · MA · assets $224,813

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503359349300410

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