Cashion Foundation
- Assets
- $1.6m
- Revenue
- $5.7k
- Investments
- $1.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 33-0912616
Organization Overview
Cashion Foundation is located in Newport Beach, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cashion 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, Cashion Foundation generated $5.7k 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 (26.7%) each year. All expenses for the organization totaled $114.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cashion Foundation has awarded 333 individual grants totaling $810,900. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Cashion Director | 0 | $0 | |
Marcia A Cashion Director | 0 | $0 | |
Lisa C Jones Director | 0 | $0 | |
Allen L Cashion CEO | 0 | $0 | |
Leslie N Montgomery Secretary | 0 | $0 | |
Jeff Jones CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $278 |
| Dividends & Interest | $63,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,361 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,739 |
| Total operating and administrative expenses | $17,770 |
| Contributions, gifts, grants paid | $96,500 |
| Total expenses and disbursements | $114,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,645 |
| Savings and temporary cash investments | $0 |
| 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 | $891,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,649,242 |
| 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, Cashion Foundation has awarded $96,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
THE PAINTED TURTLE PURPOSE: PROVIDE CAMPS AND CAMP EXPERIENCE TO SICK AND NEEDY KIDS. | $4,500 |
STANDING STONE MINISTRIES PURPOSE: SUPPORT, COUNSELING AND RECREATION TO BIBLE PASTORS | $3,500 |
PRAGER UNIVERSITY PURPOSE: CULTURAL AWARENESS TEACHING AND RESOURCES | $5,000 |
NEGU FOUNDATION PURPOSE: PROVIDE SUPPORT, GIFTS AND ENCOURAGEMENT TO CHILDREN CANCER | $1,000 |
BREAD CHURCH PURPOSE: CHURCH PROGRAMS | $4,000 |
BALBOA ISLAND MUSEUM PURPOSE: MUSEUM CELEBRATING HISTORY OF BALBOA ISLAND AND COMMUNITY HISTORY | $2,500 |