William M Casey Foundation Inc
- Assets
- $12.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 23-7339626
Organization Overview
William M Casey Foundation Inc is located in Brooklyn, NY. The organization was established in 1974. 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. William M Casey Foundation Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, William M Casey Foundation Inc generated $3.7m 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 (4.8%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William M Casey Foundation Inc has awarded 24 individual grants totaling $14,656,255. 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
TO HOLD TITLE TO BUILDINGS & LAND LOCATED IN NYC FOR THE PURPOSE OF LEASING & RENTING IN FURTHERANCE OF ST. VINCENT'S SERVICES, INC. MISSION AS A CATHOLIC SOCIAL SERVICE AGENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASING AND RENTING OF PROPERTY IN FURTHERANCE OF HEARTSHARE ST. VINCENT'S SERVICES' MISSION, AS A CATHOLIC SOCIAL SERVICES AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Guarinello Treasurer | OfficerTrustee | 0.5 | $0 |
Dawn W Valentine-Saffayeh Secretary | OfficerTrustee | 0.5 | $0 |
Kenneth P Nolan ESQ Chairman | OfficerTrustee | 0.5 | $0 |
Paul J Torre Vice Chair | OfficerTrustee | 0.5 | $0 |
FR Michael Gelfant Board Member | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,689,739 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,689,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,532,208 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $34,426 |
| Fees for services: Legal | $67,848 |
| Fees for services: Accounting | $12,600 |
| 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 | $12,226 |
| 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 | $69,244 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,728,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $824,179 |
| Savings and temporary cash investments | $0 |
| 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 | $4,763 |
| Net Land, buildings, and equipment | $830,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,657,725 |
| Total assets | $12,316,713 |
| Accounts payable and accrued expenses | $714 |
| Grants payable | $2,943,171 |
| 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 | $321,749 |
| Total liabilities | $3,265,634 |
| Net assets without donor restrictions | $9,051,079 |
| 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 | $12,316,713 |
Grants Awarded
Over the last fiscal year, William M Casey Foundation Inc has awarded $1,532,208 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT'S SERVICES INC PURPOSE: FUND OPERATIONS | $1,384,052 |
THE ROMAN CATHOLIC DIOCESE OF BROOKLYN PURPOSE: FUND OPERATIONS | $148,156 |