William E And Patricia J Kassling Family Foundation
- Assets
- $11.2m
- Revenue
- $1.5m
- Investments
- $10.2m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 25-1802794
Organization Overview
William E And Patricia J Kassling Family Foundation is located in Naples, FL. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William E And Patricia J Kassling Family Foundation 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 12/2022, William E And Patricia J Kassling Family Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $649.5k during the year ending 12/2022. While expenses have increased by 16.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, William E And Patricia J Kassling Family Foundation has awarded 26 individual grants totaling $609,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Kassling Secr/treasurer | 0 | $0 | |
Patricia J Kassling President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,162 |
| Dividends & Interest | $73,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,378,256 |
| Capital Gain Net Income | $1,378,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,453,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $360 |
| Total operating and administrative expenses | $40,483 |
| Contributions, gifts, grants paid | $609,000 |
| Total expenses and disbursements | $649,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $981,255 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $136,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,538 |
| Total assets | $11,231,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William E And Patricia J Kassling Family Foundation has awarded $609,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ARTIS NAPLES PURPOSE: CHARITABLE EXEMPT PURPOSE | $2,500 |
CATHOLIC CHARITIES PURPOSE: CHARITABLE EXEMPT PURPOSE | $7,500 |
CHILDREN'S HOSPITAL CHILDRENS FUND PURPOSE: CHARITABLE EXEMPT PURPOSE | $10,000 |
CHRIST CHURCH FOX CHAPEL PURPOSE: CHARITABLE EXEMPT PURPOSE | $1,000 |
COMMUNITY FOUNDATION OF COLLIER COUNTY PURPOSE: CHARITABLE EXEMPT PURPOSE | $10,000 |
EDEN CHRISTIAN ACADEMY PURPOSE: CHARITABLE EXEMPT PURPOSE | $11,000 |