Cahec Foundation
- Assets
- $215.2k
- Revenue
- $169.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 06/2013
- Data as of
- 12/2023
- EIN
- 46-0842173
Organization Overview
Cahec Foundation is located in Raleigh, NC. The organization was established in 2013. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cahec Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Cahec Foundation has awarded 43 individual grants totaling $682,625. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AND ENHANCE PROGRAMS WHICH IMPROVE THE QUALITY OF LIFE FOR RESIDENTS IN LOW INCOME COMMUNITIES SERVED BY CAHEC WITH AN EMPHASIS ON PROGRAMS FOR YOUTH AND YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AND ENHANCE PROGRAMS WHICH IMPROVE THE QUALITY OF LIFE FOR RESIDENTS IN LOW INCOME COMMUNITIES SERVED BY CAHEC WITH AN EMPHASIS ON PROGRAMS FOR YOUTH AND YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed President | Officer | 4 | $0 |
Name Not Listed Vice President And Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $79,707 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,985 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $168,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,750 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,042 |
| Fees for services: Accounting | $1,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,346 |
| Office expenses | $240 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $171,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,007 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,244 |
| Accounts payable and accrued expenses | $119 |
| Grants payable | $52,500 |
| Deferred revenue | $50,000 |
| 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 | $102,619 |
| Net assets without donor restrictions | $112,625 |
| Net assets with donor restrictions | $0 |
| 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 | $215,244 |
Grants Awarded
Over the last fiscal year, Cahec Foundation has awarded $140,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NAHMA PURPOSE: Post-Secondary Education Scholarships | $20,000 |
YMCA OF WESTERN NORTH CAROLINA PURPOSE: Youth Leadership Initiative | $7,500 |
YMCA OF GREATER LOUISVILLE PURPOSE: Youth Leadership Initiative | $5,000 |
YMCA OF THE TRIANGLE AREA INC PURPOSE: Youth Leadership Initiative | $12,500 |
YMCA OF GREATER RICHMOND PURPOSE: Youth Leadership Initiative | $7,500 |
YMCA OF GREATER CHARLOTTE PURPOSE: Youth Leadership Initiative | $7,500 |