Cise Foundation
- Assets
- $12.9m
- Revenue
- $902.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 26-1590372
Organization Overview
Cise Foundation is located in Cincinnati, OH. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Cise 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 12/2021, Cise Foundation generated $902.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $85.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CISE FOUNDATION ENSURES THAT A STABLE, PERMANENT SOURCE OF FUNDING IS AVAILABLE, NOW AND IN THE FUTURE, TO SUPPORT CATHOLIC EDUCATION FOR LESS FORTUNATE CHILDREN IN CINCINNATI. FOR THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION DISTRIBUTED $23,684 TO THE CATHOLIC INNER-CITY SCHOOLS EDUCATION FUND IN KEEPING WITH THE FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel R Burchenal Vice-President | OfficerTrustee | 2 | $0 |
Lawrence H Kyte Jr President | OfficerTrustee | 3 | $0 |
Allison H Kropp Secretary | OfficerTrustee | 2 | $0 |
Christopher Meyer Treasurer | OfficerTrustee | 3 | $0 |
T Brian Brockhoff Trustee | Trustee | 1 | $0 |
J Wickliffe Ach Trustee | Trustee | 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 | $51,247 |
| Noncash contributions included in lines 1a–1f | $6,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,247 |
| Total Program Service Revenue | $0 |
| Investment income | $351,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $497,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $902,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,684 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $120 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $85,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,723 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,878,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,879,922 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,879,922 |
| 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 | $12,879,922 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Cise Foundation has recieved totaling $146,823.
| Awarding Organization | Amount |
|---|---|
Marge & Charles J Schott Foundation Cincinnati, OH PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $100,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $21,300 |
Mueller Family Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $10,000 |
Jack J Smith Jr Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $7,500 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $7,000 |
James R And Karen Huesing Family Foundation Cincinnati, OH PURPOSE: SUPPORT FOR CATHOLIC INNER CITY SCHOOLS EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Travis Manion Foundation Doylestown, PA | $7,247,874 | $9,161,709 |
Capital For Good Usa Paoli, PA | $43,024,073 | $25,450,338 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Poise Foundation Pittsburgh, PA | $17,239,498 | $10,674,894 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |