I Michael & Beth Kasser Foundation
- Assets
- $3.1m
- Revenue
- $164.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Kailuakona, HI
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 27-2608894
Organization Overview
I Michael & Beth Kasser Foundation is located in Kailuakona, HI. The organization was established in 2010. 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. I Michael & Beth Kasser 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 12/2023, I Michael & Beth Kasser Foundation generated $164.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $63.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (23.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARIZONA THEATER COMPANY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
I Michael Kasser Officer | 5 | $0 | |
Beth Kasser Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,411 |
| Dividends & Interest | $58,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,174 |
| Capital Gain Net Income | $84,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,000 |
| Total Revenue | $164,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $217 |
| Total operating and administrative expenses | $63,343 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $63,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,117 |
| Savings and temporary cash investments | $491,240 |
| Net Accounts receivable | $420 |
| 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 | $393,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,114,420 |
| 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, I Michael & Beth Kasser Foundation has awarded $1,689,893 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA THEATRE COMPANY PURPOSE: OPERATING FUNDS | $1,679,893 |
UNITED WAY OF TUCSON & SO ARIZONA PURPOSE: ALEXIS DE TOCQUEVILLE ANNUAL CONTRIB | $10,000 |