Claude Moore Charitable Foundation
- Assets
- $227.7m
- Revenue
- $3.7m
- Investments
- $93.1m
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 52-1558571
Organization Overview
Claude Moore Charitable Foundation is located in Fairfax, VA. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Claude Moore Charitable 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, Claude Moore Charitable Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $14.5m during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 6 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
NONE, THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Schaufeld Trustee | 1 | $60,000 | |
Peter Arntson Trustee | 1 | $60,000 | |
J Hamilton Lambert Trustee / Exec Dir | 40 | $515,160 | |
Guy Gravett Trustee | 12 | $60,000 | |
Randolph A Sutliff Trustee | 5 | $60,000 | |
Lucius Bracey Trustee | 1 | $60,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist Investment Services | 12/30/23 | $185,898 |
Raymond James | 12/30/23 | $331,877 |
Dewberry Engineers Inc | 12/30/23 | $261,324 |
Oak Hill Wealth Advisors | 12/30/23 | $176,970 |
Richardson-wayland Electrical Company | 12/30/23 | $767,189 |
Truist Investment Services | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,698,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$224,170 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210,000 |
| Total Revenue | $3,683,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $815,160 |
| Other employee salaries and wages | $1,753,137 |
| Pension plans, employee benefits | $162,343 |
| Interest | $29 |
| Taxes | $2,434,498 |
| Depreciation | $19,961 |
| Occupancy | $233,897 |
| Travel, conferences, and meetings | $73,943 |
| Printing and publications | $15,552 |
| Other expenses | $651,700 |
| Total operating and administrative expenses | $7,129,255 |
| Contributions, gifts, grants paid | $7,353,996 |
| Total expenses and disbursements | $14,483,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,554,422 |
| 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 | $117,633,200 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,374,276 |
| Net Land, buildings, and equipment | $236,030 |
| Other assets | $164,364 |
| Total assets | $227,664,174 |
| 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 | $1,951,472 |
| Total liabilities | $1,951,472 |