Cpmg Foundation
- Assets
- $1.4m
- Revenue
- $141.3k
- Investments
- $688.6k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-2603523
Organization Overview
Cpmg Foundation is located in Washington, DC. The organization was established in 2015. 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. Cpmg 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, Cpmg Foundation generated $141.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $95.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cpmg Foundation has awarded 94 individual grants totaling $548,556. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kymber Lovett Menkiti Director & President | 3 | $0 | |
Martin Weldon Director & Secretary | 3 | $0 | |
Scott Whitaker Director & Treasurer | 3 | $0 | |
Obiora Menkiti Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $181,750 |
| Interest on Savings | $1,723 |
| Dividends & Interest | $15,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$57,673 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,275 |
| 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 | $33,576 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,662 |
| Total operating and administrative expenses | $58,238 |
| Contributions, gifts, grants paid | $36,915 |
| Total expenses and disbursements | $95,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $351,229 |
| 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 | $363,543 |
| Net Land, buildings, and equipment | $366,376 |
| Other assets | $9,534 |
| Total assets | $1,415,729 |
| 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 | $6,766 |
| Total liabilities | $6,766 |
Grants Awarded
Over the last fiscal year, Cpmg Foundation has awarded $36,915 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WARD 8 ARTS & CULTURE COUNCIL PURPOSE: HAMS FOR THE HOLIDAYS | $415 |
STABEL ARTSORG PURPOSE: GENERAL SUPPORT | $10,000 |
AAREP DC PURPOSE: GENERAL SUPPORT | $15,000 |
FRIENDS OF RHODE ISLAND AVE NE PURPOSE: GENERAL SUPPORT | $5,500 |
DEVELOPING ECONOMIC OPPORTUNITIES CDC PURPOSE: GENERAL SUPPORT | $1,000 |
LYDIA'S HOUSE PURPOSE: GENERAL SUPPORT | $500 |