Chipotle Cultivate Foundation
- Assets
- $1.1m
- Revenue
- $7.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 45-2606186
Organization Overview
Chipotle Cultivate Foundation is located in Newport Beach, CA. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chipotle Cultivate Foundation 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, Chipotle Cultivate Foundation generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (65.1%) each year. All expenses for the organization totaled $84.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Schalow President/board Member | 0.15 | $0 | |
Michael Mcgawn Secretary/board Member | 0.15 | $0 | |
Adam Rymer Treasurer | 0.06 | $0 | |
Erin Wolford Executive Director | 0.38 | $0 | |
Brian Niccol Board Member | 0.04 | $0 | |
Nicole West Board Member | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $547 |
| Total operating and administrative expenses | $24,911 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $84,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,057,674 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,057,674 |
| Accounts payable and accrued expenses | $570 |
| Grants payable | $15,000 |
| 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 | $15,570 |
Grants Awarded
Over the last fiscal year, Chipotle Cultivate Foundation has awarded $60,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NIMAN RANCH NEXT GENERATION FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
SOUL FIRE FARM INSTITUTE INC PURPOSE: GENERAL SUPPORT | $10,000 |
THE NATURE CONSERVANCY PURPOSE: SUPPORT FOR THE NATURE CONSERVANCY US REGENERATIVE AG PROGRAM | $5,000 |
CULINARY INSTITUTE OF AMERICA PURPOSE: TO SUPPORT YOUNG COOKS TO EXPERIENCE THE OPPORTUNITY TO FURTHER THEIR CULINARY EDUCATION | $5,000 |
OPEN SPACE INSTITUTE PURPOSE: GENERAL SUPPORT | $10,000 |