Cab Calloway School Fund
- Assets
- $306.1k
- Revenue
- $353.6k
- Investments
- $0.0
- Employees
- 65
- Location
- Wilmington, DE
- Founding
- 10/2004
- Data as of
- 09/2023
- EIN
- 20-0581573
Organization Overview
Cab Calloway School Fund is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2023, Cab Calloway School Fund employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cab Calloway School Fund 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 09/2023, Cab Calloway School Fund generated $353.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $397.2k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CAB CALLOWAY SCHOOL FUND SUPPORTS CAB CALLOWAY SCHOOL OF THE ARTS AND SMARTSUMMER BY PROVIDING FINANCIAL AND OTHER ASSISTANCE TO PROGRAMS, STUDENTS, AND THE COMMUNITY AT LARGE WHO HAVE BEEN IDENTIFIED AS NEEDING SUPPORT FOR ARTS AND/OR ACADEMIC TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAB CALLOWAY SCHOOL FUND PROVIDES FINANCIAL AID/SCHOLARSHIPS TO STUDENTS FOR ARTS AND ACADEMIC INSTRUCTION THAT THE SCHOOL CANNOT PROVIDE.
THE CAB CALLOWAY SCHOOL FUND PROVIDES EDUCATION IN THE ARTS AND SCIENCES VIA OPERATION OF A SUMMER CAMP (SMARTSUMMER/CABSUMMER, LLC - 27-1441852) AND USES THE PROCEEDS OF THE SUMMER CAMP TO SUPPLEMENT THE FUND'S ANNUAL OPERATING BUDGET, PROVIDING ADDITIONAL FUNDING TO IMPROVE AND EXPAND ITS PROGRAMS.
THE CAB CALLOWAY SCHOOL FUND SUPPLEMENTS THE CAB CALLOWAY SCHOOL OF THE ARTS ANNUAL OPERATING BUDGET BY PROVIDING ADDITIONAL FUNDS FOR IMPROVING OR EXPANDING IDENTIFIED AREAS WHICH INCLUDE BUT ARE NOT LIMITIED TO MONEY FOR SUPPLIES, EQUIPMENT, IMPROVEMENT, REPAIR, OR STAFFING.
THE CAB CALLOWAY SCHOOL FUND PROVIDES THE CAB CALLOWAY SCHOOL OF THE ARTS WITH FUNDS FOR MAJOR CAPITAL EXPENSES THAT ARE SPECIFICALLY NEEDED AS AN ARTS AND ACADEMIC TRAINING INSTITUTION, AND THAT THE PUBLIC SCHOOL SYSTEM CANNOT HANDLE WITHOUT EXTRA FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Yerger Board Member/chair Of The | OfficerTrustee | 4 | $0 |
Vince Gulotti Treasurer | OfficerTrustee | 3 | $0 |
Francia Yops Board Member | Trustee | 0.5 | $0 |
Stacey Bolen-Wolverton Board Member | Trustee | 0.5 | $0 |
Karma Pace Board Member | Trustee | 0.5 | $0 |
Thomas Laskas Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,171 |
| Total Program Service Revenue | $199,394 |
| Investment income | $2,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,481 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $800 |
| Fees for services: Investment Management | $1,316 |
| Fees for services: Other | $22,331 |
| Advertising and promotion | $2,750 |
| Office expenses | $434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,760 |
| Insurance | $8,875 |
| All other expenses | $39,364 |
| Total functional expenses | $397,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,214 |
| Net Land, buildings, and equipment | $10,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $92,916 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,073 |
| Accounts payable and accrued expenses | $13,434 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,434 |
| Net assets without donor restrictions | $165,307 |
| Net assets with donor restrictions | $127,332 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $306,073 |