Cosmos Club Foundation
- Assets
- $4.7m
- Revenue
- $425.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 52-6071375
Organization Overview
Cosmos Club Foundation is located in Washington, DC. The organization was established in 1967. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cosmos Club 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 12/2021, Cosmos Club Foundation generated $425.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $160.8k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF THE ARTS, SCIENCES AND HUMANITIES THROUGH AWARDS AND GRANTS TO STIMULATE SCHOLARSHIP, CONDUCT OF SYMPOSIA AND DISSEMINATION OF INFORMATION FOR THE PUBLIC GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COSMOS CLUB FOUNDATION'S YOUNG SCHOLARS GRANT PROGRAM PROVIDES GRANTS TO GRADUATE STUDENTS AT LOCAL WASHINGTON-AREA UNIVERSITIES TO MEET UNEXPECTED AND OTHERWISE UNSUPPORTED ASPECTS OF THEIR RESEARCH. DURING 202 1 THE FOUNDATION MADE GRANTS TOTALING 88,129 TO 22 SCHOLARS.
THE COSMOS CLUB AWARD IS PRESENTED ANNUALLY TO A SELECTED INDIVIDUAL OF NATIONAL OR INTERNATIONAL STANDING IN A FIELD OF SCIENCE, LITERATURE, THE FINE ARTS, OTHER LEARNED PROFESSIONS OR PUBLIC SERVICE. DUE TO THE COVID-19 PANDEMIC, THERE WAS NO COSMOS AWARD PRESENTATION IN 2020 OR 2021.
THE JOHN P. MCGOVERN AWARD IS AWARDED TO SELECTED INDIVIDUALS WHOSE ENDEAVORS HAVE CLEARLY DISTINGUISHED THEM AS LEADERS IN THEIR SPHERES OF ACTIVITY. EACH RECIPIENT IS OFFERED AN HONORARIUM AND IS PRESENTED WITH A MEDAL COMMEMORATING HIS OR HER SELECTION. RECIPIENTS SPEAK ABOUT THEIR WORK AT A CEREMONY HELD AT THE COSMOS CLUB AND TO WHICH NON-MEMBERS ARE INVITED. THE LECTURES ARE OPEN TO NON-MEMBERS, AND A PLAQUE IS PLACED IN THE COSMOS CLUBHOUSE MEMORIALIZING EACH AWARD RECIPIENT.
DURING 2021 THE ORGANIZATION MADE A GRANT OF 25,000 TO THE DC PUBLIC EDUCATION FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ford Treasurer | OfficerTrustee | 5 | $0 |
Pamela G Shortal Secretary | OfficerTrustee | 2 | $0 |
Robert P Bremner Chairman | OfficerTrustee | 2 | $0 |
Lee W Samuelson Trustee | Trustee | 2 | $0 |
Mark D Young Trustee | Trustee | 2 | $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 | $216,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,995 |
| Total Program Service Revenue | $0 |
| Investment income | $47,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $88,129 |
| 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 | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,671 |
| Fees for services: Other | $23,917 |
| Advertising and promotion | $0 |
| Office expenses | $14,020 |
| 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 | $1,444 |
| All other expenses | $0 |
| Total functional expenses | $160,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,099 |
| Savings and temporary cash investments | $57,544 |
| Pledges and grants receivable | $0 |
| 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 | $4,397,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,657,798 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,084,768 |
| Net assets with donor restrictions | $573,030 |
| 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 | $4,657,798 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cosmos Club Foundation has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
John P Mcgovern Foundation Houston, TX PURPOSE: MCGOVERN LECTURES/ SCHOLARS PROGRAM | $12,500 |
Tobin Foundation Naples, FL PURPOSE: GENERAL CHARITABLE FUNDING | $2,000 |
The Nancy Ruyle Dodge Charitable Trust Mechanicsville, MD PURPOSE: ADVANCE SCIENCE, LITERATURE, & ARTS | $2,000 |
Rackham Foundation Limited Leesburg, VA PURPOSE: GENERAL SUPPORT | $1,000 |
Morton Fam Foundation Long Beach, CA PURPOSE: CONTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $505,774 |
| Earnings | $56,160 |
| Net Contributions | $11,500 |
| Other Expense | $404 |
| Ending Balance | $573,030 |
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|---|---|---|
Retail Industry Leaders Association Inc Washington, DC | $12,257,205 | $15,486,853 |
Center For Applied Linguistics Washington, DC | $9,420,510 | $10,701,396 |
Barbara Bush Foundation For Family Literacy Inc Washington, DC | $30,746,734 | $7,662,955 |
New Civil Liberties Alliance Washington, DC | $4,877,448 | $3,912,261 |
Humanity First Usa Silver Spring, MD | $4,268,459 | $5,114,185 |
Maryland Humanities Council Inc Baltimore, MD | $2,602,498 | $3,083,306 |
Ripon Society Inc Washington, DC | $17,655,909 | $3,657,728 |
American Helicopter Society International Inc Fairfax, VA | $2,304,770 | $2,233,027 |
Glass Packaging Institute Arlington, VA | $1,054,008 | $1,926,864 |
Ethics Resource Center Inc Vienna, VA | $3,189,792 | $2,796,560 |
Fed Of State Humanities Councils Arlington, VA | $1,672,955 | $1,107,693 |
National Association Of Federally Impacted Schools Washington, DC | $1,850,853 | $1,094,751 |