Cape Cod Times Needy Fund Inc

Organization Overview

Cape Cod Times Needy Fund Inc is located in Hyannis, MA. The organization was established in 1989. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 11/2021, Cape Cod Times Needy Fund Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Cod Times Needy Fund Inc 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 11/2021, Cape Cod Times Needy Fund Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.3m during the year ending 11/2021. While expenses have increased by 6.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Cape Cod Times Needy Fund Inc has awarded 36 individual grants totaling $886,802. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE URGENT FINANCIAL ASSISTANCE FOR BASIC HUMAN NEEDS TO INDIVIDUALS AND FAMILIES RESIDING ON CAPE COD, MARTHA'S VINEYARD, AND NANTUCKET WHO ARE EXPERIENCING TEMPORARY FINANCIAL HARDSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CORPORATION IS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES TO SOLICIT AND RECEIVE FUNDS AND TO DISTRIBUTE SAME FOR CHARITABLE PURPOSES TO NEEDY MEMBERS OF THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Stanley Hodkinson
Treasurer
$0
Peter Meyer
President
$0
Mary Pat Messmer
Vice Preside
$0
Timothy Telman
Secretary
$0
Steve Abbott
Director
$0
Joel Crowell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $48,100
All other contributions, gifts, grants, and similar amounts not included above$1,901,043
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,949,143
Total Program Service Revenue$0
Investment income $163,436
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,112,579

Grants Awarded

Over the last fiscal year, Cape Cod Times Needy Fund Inc has awarded $125,687 in support to 4 organizations.

Grant RecipientAmount

LOWER CAPE OUTREACH COUNCIL

Org PageRecipient Profile

Orleans, MA

PURPOSE: COMMUNITY ASSISTANCE

$54,703

FALMOUTH SERVICE CENTER INC

Org PageRecipient Profile

Falmouth, MA

PURPOSE: COMMUNITY ASSISTANCE

$43,984

BOYS & GIRLS CLUB OF CAPE COD INC

Org PageRecipient Profile

Mashpee, MA

PURPOSE: CAMPERSHIPS

$17,000

CROSSROADS FOR KIDS

Org PageRecipient Profile

Duxbury, MA

PURPOSE: CAMPERSHIPS

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 25 grants that Cape Cod Times Needy Fund Inc has recieved totaling $214,766.

Awarding OrganizationAmount
Cape Cod Foundation Inc

South Yarmouth, MA

PURPOSE: GENERAL SUPPORT

$79,500
Cape Cod 5 Foundation Inc

Hyannis, MA

PURPOSE: DONATION

$25,000
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING

$20,000
Gratis Foundation

Washington, DC

PURPOSE: GENERAL USE

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$17,400
Winsome Fund

Manchester, NH

PURPOSE: GENERAL PURPOSE

$10,000
View Grant Recipient Profile

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