Cassiopeia Foundation Inc
- Assets
- $51.4m
- Revenue
- -$3.1m
- Investments
- $42.9m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 13-6034219
Organization Overview
Cassiopeia Foundation Inc is located in Charlottesville, VA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Cassiopeia Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Cassiopeia Foundation Inc has awarded 70 individual grants totaling $10,338,177. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
RURAL DEVELOPMENT INITIATIVE:AN INITIATIVE TO BETTER UNDERSTAND THE CHALLENGES FACING RURAL COMMUNITIES IN ADDRESSING POVERTY IN A CULTURALLY AND ENVIRONMENTALLY SUSTAINABLE MANNER. INCLUDES RESEARCH, CONVENING, AND PRACTICAL COMPONENTS, WITH THE EXPECTED OUTCOME BEING AN ACTION PLAN TO BE MADE AVAILABLE TO THE GENERAL PUBLIC AND VARIOUS STAKEHOLDERS INCLUDING FUNDERS, AND GOVERNMENT AGENCIES
COVID RESPONSE:CASSIOPEIA EXPANDED ITS GRANTMAKING STRATEGY IN MARCH 2020 TO SUPPORT THE IMMINENT AND EMERGING NEEDS OF CHARLOTTESVILLE, VIRGINIA AS A RESULT OF THE COVID-19 PANDEMIC. THIS STRATEGY PROVIDED LOCAL NONPROFITS WITH THE RESOURCES THEY NEEDED TO RESPOND TO THE UNPRECEDENTED NEEDS OF A COMMUNITY IN THE MIDST OF A PUBLIC HEALTH CRISIS WITH CATASTROPHIC EFFECTS ON THE LOCAL ECONOMY. GRANTS WERE MADE TO A RANGE OF SOCIAL SAFETY NET ORGANIZATIONS TO DEVELOP NEW PATHWAYS FOR SERVICE DELIVERY TO ENSURE AND EXPAND ACCESS TO PHYSICAL AND MENTAL HEALTH SERVICES, TO COMBAT RISING FOOD INSECURITY THROUGH INCREASED COORDINATION AMONG SERVICE PROVIDERS AND INCREASE THE AVAILABILITY OF LOCALLY GROWN PRODUCE FOR FAMILIES IN NEED, TO AUGMENT THE LOCAL HEALTH DEPARTMENT'S BILINGUAL EDUCATIONAL & OUTREACH TEAM, TO FACILITATE FREE MOBILE COVID TESTING AND THE DISTRIBUTION OF MASKS IN HIGH RISK COMMUNITIES, AND TO DEVELOP A SERIES OF MULTI-MEDIA COMMUNICATION STRATEGIES TO INCREASE AWARENESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane E Miller President/ceo/trustee | 30 | $275,000 | |
Ethan A Miller Secretary/trustee | 1 | $0 | |
Zachary Miller Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mosaico Lp | 12/30/21 | $635,795 |
Hantzmon Wiebel Llp | 12/30/21 | $118,128 |
Sara Miller | 12/30/21 | $89,898 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $827,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,095,160 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173,355 |
| Total Revenue | -$3,074,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $275,000 |
| Other employee salaries and wages | $130,000 |
| Pension plans, employee benefits | $20,619 |
| Interest | $0 |
| Taxes | $36,487 |
| Depreciation | $89,167 |
| Occupancy | $29,924 |
| Travel, conferences, and meetings | $1,827 |
| Printing and publications | $55,000 |
| Other expenses | $245,845 |
| Total operating and administrative expenses | $2,646,422 |
| Contributions, gifts, grants paid | $714,303 |
| Total expenses and disbursements | $3,360,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,691 |
| Savings and temporary cash investments | $2,511,315 |
| 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 | $2,765 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,891,430 |
| Net Land, buildings, and equipment | $1,459,222 |
| Other assets | $4,371,326 |
| Total assets | $51,360,049 |
| Accounts payable and accrued expenses | $47,932 |
| Grants payable | $1,148,310 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $35,470 |
| Total liabilities | $1,231,712 |
Grants Awarded
Over the last fiscal year, Cassiopeia Foundation Inc has awarded $1,613,013 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: FOR GENERAL OPERATING SUPPORT. | $848,510 |
ALBEMARLE COUNTY PUBLIC SCHOOLS PURPOSE: FOR GENERAL OPERATING SUPPORT | $250,000 |
Asheville, NC PURPOSE: FOR GENERAL OPERATING SUPPORT | $200,000 |
FOXFIELD RACING LLC PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Charlottesville, VA PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
BEVERLY STREET STUDIO SCHOOL PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |