Ambassador INC FY2021 filing

Not tax-deductible

Washington, DCMutual-benefit / member-servingCommunity DevelopmentEIN 53-0069164Revenue $3.6M in FY2021

On file with the IRS1825 K St Nw Ste 600, 20006-1280 · Washington, DCTax-exempt since Oct 1999

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Title holder of real estate for tax exempt private foundation

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4.4M a year · 98% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
282 mo
of spending, in cash
Looks good: 282.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$30.2M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
Spent
$58K
Net assets
$19.6M
By yearFY2021–FY2025
Revenue
$3.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$3.6M
FY2022$3.1M
FY2023$5.1M
FY2024$5.3M
FY2025$5.5M
Expenses
$58K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$58K
FY2022$73K
FY2023$76K
FY2024$76K
FY2025$77K
Net assets
$19.6M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$19.6M
FY2022$22.7M
FY2023$24.6M
FY2024$23.7M
FY2025$23.7M

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ambassador INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds real estate titles for tax-exempt private foundations.

Questions for Ambassador INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Ambassador, inc. Is a 501(c)(2) title holding corporation for the benefit of the morris and gwendolyn cafritz foundation's charitable programs.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Other incomeLn 4–11$3.6M
Investment incomeLn 3$751
Money outPt IX
$58K
Ln 25
Owns and owesPt X
$19.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$49.8M
LiabilitiesLn 26$30.2M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$751
Other incomeLn 4–11$3.6M
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$30.4M
Other assetsLn 15$14.1M
Total assetsLn 16$49.8M
LiabilitiesLn 26$30.2M
Net assetsLn 32$19.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.2M$1.4M
InvestmentsLn 11–13$2.5M$2.5M
Land, buildings, equipmentLn 10c$31.8M$30.4M
Total assetsLn 16$52.5M$49.8M
LiabilitiesLn 26$36.4M$30.2M
Net assetsLn 32$16.1M$19.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$58K
Total functional expensesLn 25$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.5M$77K$5.4M$23.7M 990 PDF
FY2024 $5.3M$76K$5.2M$23.7M 990 PDF
FY2023 $5.1M$76K$5.0M$24.6M 990 PDF
FY2022 $3.1M$73K$3.1M$22.7M 990 PDF
FY2021 Viewing $3.6M$58K$3.6M$19.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $3,615,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $24,811$751
I-11 Other revenuePrior year $2,424,545$3,615,159
I-12 Total revenuePrior year $2,449,356$3,615,910
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $56,160$57,520
I-18 Total expensesPrior year $56,160$57,520
I-19 Revenue less expensesPrior year $2,393,196$3,558,390
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,615,910 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $751$751
VIII-6 Net rental income or lossUnrelated business $2,651,164$2,651,164
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $963,995$963,995
VIII-12 Total revenueRelated to mission $0 · Unrelated business $2,651,164 · Excluded from tax $964,746$3,615,910
Part IX · Statement of functional expenses $57,520 across 1 line filed
IX-11c Accounting fees$57,520
IX-25 Total functional expenses$57,520
Part X · Balance sheet $49,825,980 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,221,010$1,352,265
X-4 Accounts receivableStart of year $48,717$32,532
X-9 Prepaid expenses and deferred chargesStart of year $1,769,350$1,451,880
X-10c Land, buildings and equipment, netStart of year $31,827,839$30,360,086
X-12 Other securitiesStart of year $2,527,829$2,529,343
X-15 Other assetsStart of year $14,106,234$14,099,874
X-16 Total assetsStart of year $52,500,981$49,825,980
X-17 Accounts payable and accrued expensesStart of year $400,000$489,899
X-25 Other liabilitiesStart of year $10,620,378$6,995,284
X-26 Total liabilitiesStart of year $36,432,550$30,199,159
X-32 Total net assets or fund balancesStart of year $16,068,431$19,626,821
X-33 Total liabilities and net assetsStart of year $52,500,981$49,825,980
Part XI · Reconciliation of net assets $19,626,821 net assets at year end
XI-1 Total revenue$3,615,910
XI-2 Total expenses$57,520
XI-3 Revenue less expenses$3,558,390
XI-4 Net assets at start of year$16,068,431
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,626,821

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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