Cardinal Charities Inc
- Assets
- $3.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1991
- Data as of
- 01/2022
- EIN
- 86-0653587
Organization Overview
Cardinal Charities Inc is located in Phoenix, AZ. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Cardinal Charities Inc 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 01/2022, Cardinal Charities Inc generated $2.0m 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 (3.3%) each year. All expenses for the organization totaled $1.7m during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cardinal Charities Inc has awarded 238 individual grants totaling $7,020,237. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DISTRIBUTION OF GRANTS FURTHERED THE ORGANIZATION'S EXEMPT PURPOSE BY ASSISTING OTHER EXEMPT ORGANIZATIONS WHICH PROMOTE EDUCATION, HEALTH CARE, AND ALLEVIATE POVERTY WITH AN ADDITIONAL FOCUS ON ORGANIZATIONS PROVIDING COVID-19 RELIEF EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Bidwill Director | OfficerTrustee | 1 | $0 |
Gregory T Lee Treasurer/asst. Sec. | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,268 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,855 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,775,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,018,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,614,930 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $58,600 |
| Total functional expenses | $1,683,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,478,995 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,325,271 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,804,266 |
| Accounts payable and accrued expenses | $3,821 |
| Grants payable | $245,034 |
| Deferred revenue | $656,000 |
| 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 | $904,855 |
| Net assets without donor restrictions | $2,899,411 |
| Net assets with donor restrictions | $0 |
| 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 | $3,804,266 |
Grants Awarded
Over the last fiscal year, Cardinal Charities Inc has awarded $1,131,895 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
MESQUITE HIGH SCHOOL PURPOSE: GENERAL PURPOSE | $400,000 |
Tucson, AZ PURPOSE: General PURPOSE | $100,140 |
Peoria, AZ PURPOSE: GENERAL PURPOSE | $100,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $50,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $50,000 |
Phoenix, AZ PURPOSE: GENERAL PURPOSE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cardinal Charities Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Giving Back Fund Inc Los Angeles, CA | $11,057,964 | $16,121,591 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
Lutheran Social Services Of Southern California Orange, CA | $12,433,433 | $19,852,722 |
United Way California Capital Region Sacramento, CA | $17,085,587 | $25,165,420 |
United Way Of Salt Lake Salt Lake City, UT | $28,992,111 | $11,102,852 |
United Way Of Tucson And Southern Arizona Inc Tucson, AZ | $24,809,225 | $14,478,255 |
United Way Of Southern Nevada Inc Las Vegas, NV | $13,273,511 | $9,207,930 |
Blaise Foundation Claremont, CA | $0 | $239,814 |
Beit Tshuvah Los Angeles, CA | $29,185,703 | $8,355,321 |
Levy Family Campus Los Gatos, CA | $16,282,164 | $7,205,840 |
Neighborhood Funders Group Berkeley, CA | $23,826,861 | $25,307,328 |
United Way Of Northern Utah Ogden, UT | $14,414,361 | $4,637,663 |