William M Casey Foundation Inc
- Assets
- $10.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 01/1974
- Data as of
- 06/2021
- 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 06/2021, William M Casey Foundation Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William M Casey Foundation Inc has awarded 22 individual grants totaling $13,124,047. 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
2021
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
TO HOLD TITLE TO SEVERAL BUILDINGS AND LAND LOCATED IN NEW YORK CITY, FOR THE EXPRESS PURPOSE OF LEASING AND RENTING 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 |
|---|---|---|---|
Arthur E Cunn Property Manager-Thru 10/29/20 | Officer | 40 | $210,576 |
William Guarinello Treasurer (as Of 10/30/20) | OfficerTrustee | 0.5 | $0 |
Dawn W Valentine-Saffayeh Secretary (as Of 10/30/20) | OfficerTrustee | 0.5 | $0 |
Lawrence F Digiovanna ESQ President (thru 10/29/20) | OfficerTrustee | 1 | $0 |
Coleen Ceriello Vice President (thru 10/29/20) | OfficerTrustee | 1 | $0 |
Robert M Corwen Jr Secretary (thru 10/29/20) | OfficerTrustee | 1 | $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 | $4,090,877 |
| 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 | $4,090,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,894,679 |
| 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 | $137,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $66,692 |
| Fees for services: Legal | $55,933 |
| Fees for services: Accounting | $45,280 |
| 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 | $945 |
| 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 | $101,247 |
| Insurance | $32,128 |
| All other expenses | $0 |
| Total functional expenses | $2,422,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,176 |
| 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 | $883,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,381,883 |
| Total assets | $10,890,479 |
| Accounts payable and accrued expenses | $714 |
| Grants payable | $3,606,958 |
| 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 | $192,915 |
| Total liabilities | $3,800,587 |
| Net assets without donor restrictions | $7,089,892 |
| 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 | $10,890,479 |
Grants Awarded
Over the last fiscal year, William M Casey Foundation Inc has awarded $1,894,679 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: TO FUND THE OPERATING EXPENSES OF HEARTSHARE ST. VINCENT'S SERVICES | $1,718,679 |
THE ROMAN CATHOLIC DIOCESE OF BROOKLYN PURPOSE: TO FUND THE ARCHBISHOP THOMAS E. MOLLOY FUND FOR SENIOR AND INFIRM PRIESTS | $176,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |