Congressional Award Foundation
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 03/1985
- Data as of
- 09/2023
- EIN
- 52-1168592
Organization Overview
Congressional Award Foundation is located in Washington, DC. The organization was established in 1985. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Congressional Award Foundation employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Congressional Award 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 09/2023, Congressional Award Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 8.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY GOAL OF THE CONGRESSIONAL AWARD FOUNDATION IS TO PROMOTE AND RECOGNIZE SERVICE, INITIATIVE, AND ACHIEVEMENT IN AMERICA'S YOUTH. WE STRIVE TO HELP YOUNG PEOPLE REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS.YOUNG PEOPLE REGISTER FOR THE CONGRESSIONAL AWARD PROGRAM AND SET PERSONALLY CHALLENGING GOALS IN FOUR PROGRAM AREAS - VOLUNTARY PUBLIC SERVICE, PERSONAL DEVELOPMENT, PHYSICAL FITNESS AND EXPEDITION/EXPLORATION. THESE DIVERSE AREAS ENCOURAGE YOUNG PEOPLE TO DISCOVER NEW TALENTS, LEARN ABOUT THE WORLD AROUND THEM AND TO TAKE POSITIVE ACTION IN THEIR COMMUNITIES.THE BEAUTY OF THE CONGRESSIONAL AWARD PROGRAM IS THAT ALL YOUNG PEOPLE, REGARDLESS OF THEIR SITUATION, CAN QUALIFY FOR AN AWARD. THE PROGRAM HAS NO MINIMUM GRADE POINT AVERAGE REQUIREMENTS. IT ACCOMMODATES YOUTH WITH SPECIAL NEEDS OR DISABILITIES, AND IS COMPLETELY NON-COMPETITIVE. THE CONGRESSIONAL AWARD PROGRAM REQUIRES THAT YOUTH WORK WITH AN ADULT MENTOR OR ADVISOR, PROVIDING AN OPPO
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLD AWARD CEREMONY: MEDALS ARE EARNED BY YOUTH BETWEEN THE AGES OF 14 AND 23 YEARS OF AGE. IT REPRESENTS MORE THAN 4,000 HOURS OF VOLUNTEER TIME THROUGH SELF IMPROVEMENT EDUCATION AND PHYSICAL FITNESS. SALARIES ALLOCATED TO THE PROGRAM ARE FOR SPECIFIC MENTORING, RESEARCH AND OVERALL SUPPORT TO MORE THAN 27,000 YOUTHS, THEIR GUIDES AND COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Paxton K Baker Chairman | Trustee | 5 | $0 |
Marc Baer Director | Trustee | 5 | $0 |
Simeon Banister Director | Trustee | 5 | $0 |
Rita Vaswani Director | Trustee | 5 | $0 |
Edward L Blansitt III Director | Trustee | 5 | $0 |
Romero Brown Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,262,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,262,295 |
| Total Program Service Revenue | $142,610 |
| Investment income | $111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$69,533 |
| Net Income from Gaming Activities | -$24,299 |
| Net Income from Sales of Inventory | $3,143 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,314,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $170,000 |
| Compensation of current officers, directors, key employees. | $34,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,056 |
| Pension plan accruals and contributions | $23,555 |
| Other employee benefits | $71,309 |
| Payroll taxes | $47,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,060 |
| Advertising and promotion | $21,093 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,093 |
| 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 | $22,743 |
| Insurance | $10,965 |
| All other expenses | $240,900 |
| Total functional expenses | $1,295,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,791 |
| Savings and temporary cash investments | $21,224 |
| Pledges and grants receivable | $396,645 |
| 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 | $81,877 |
| Net Land, buildings, and equipment | $18,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,888 |
| Other assets | $8,483 |
| Total assets | $1,071,809 |
| Accounts payable and accrued expenses | $94,928 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,538 |
| Total liabilities | $101,466 |
| Net assets without donor restrictions | $698,729 |
| Net assets with donor restrictions | $271,614 |
| 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 | $1,071,809 |