Carter & Melissa Cafritz Charitable Tr
- Assets
- $2.8m
- Revenue
- $178.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 13-7049874
Organization Overview
Carter & Melissa Cafritz Charitable Tr is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carter & Melissa Cafritz Charitable Tr 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 12/2022, Carter & Melissa Cafritz Charitable Tr generated $178.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $230.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carter & Melissa Cafritz Charitable Tr has awarded 43 individual grants totaling $628,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED TO SUPPORT NONPROFIT ORGANIZATIONS SERVING THE NEEDS OF DISADVANTAGED RESIDENTS. IN 2022, THE FOUNDATION MADE DONATIONS LISTED IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Cafritz President | 0.5 | $0 | |
Lezel Barrington Secretary | 0.5 | $0 | |
Thomas Wilner Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $247 |
| Dividends & Interest | $832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $177,447 |
| Capital Gain Net Income | $177,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $178,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,004 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $28,430 |
| Contributions, gifts, grants paid | $202,000 |
| Total expenses and disbursements | $230,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,078 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,749,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,788,511 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carter & Melissa Cafritz Charitable Tr has awarded $202,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT BEGINNINGS INC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
DC CENTRAL KITCHEN INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
LATIN AMERICAN YOUTH CENTER INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
MARTHA'S TABLE INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
NATIONAL GALLERY OF ART PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CORNERSTONES PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |