The Cab Calloway Foundation
- Assets
- $180.0k
- Revenue
- $165.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Yorklyn, DE
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 51-0364488
Organization Overview
The Cab Calloway Foundation is located in Yorklyn, DE. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Cab Calloway 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 12/2023, Cab Calloway Foundation generated $165.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $199.4k during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE STRINGS PROGRAM AT CAB CALLOWAY SCHOOL OF THE ARTS IN WILMINGTON, DELAWARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cabella Calloway Langsam President | 2 | $0 | |
Carlos Alejandro Executive Director | 0 | $0 | |
Andrew Langsam Treasurer | 1 | $0 | |
George Coverdale Secretary | 1 | $0 | |
Jon Murchinson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58 |
| 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 | $165,737 |
| Total Revenue | $165,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $46,469 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,434 |
| Depreciation | $0 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $7,664 |
| Printing and publications | $0 |
| Other expenses | $18,103 |
| Total operating and administrative expenses | $199,428 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $199,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,017 |
| 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 | $180,017 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Cab Calloway Foundation has awarded $15,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SMART SUMMER LLC PURPOSE: SUMMER 2020 STUDY/TEACHERS | $6,000 |
YORKLYN STORYTELLING FESTIVAL PURPOSE: YORKLYN STORYTELLING FESTIVAL | $5,000 |
DRUID HEIGHT COMMUNIT DEVELOPMENT PURPOSE: MUSIC PROGRAM WITH PEABODY CONSERVATORY | $3,000 |
OBERLIN COLLEGE LIBRARY PURPOSE: SPECIAL COLLECTIONS GRANT | $1,000 |