Peter And Paula Fasseas Foundation
- Assets
- $50.4m
- Revenue
- $8.3m
- Investments
- $46.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 36-4010374
Organization Overview
Peter And Paula Fasseas Foundation is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Peter And Paula Fasseas 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, Peter And Paula Fasseas Foundation generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 4 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 2015, Peter And Paula Fasseas Foundation has awarded 111 individual grants totaling $9,431,516. 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 |
|---|---|---|---|
Alexis Fasseas Director | 40 | $143,440 | |
Drew Fasseas Director | 40 | $94,870 | |
Paula Fasseas Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74,267 |
| Dividends & Interest | $784,887 |
| Net Rental Income | $270,640 |
| Net Gain on Sale of Assets | $6,772,912 |
| Capital Gain Net Income | $6,772,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $316,339 |
| Total Revenue | $8,283,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $238,310 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169,090 |
| Depreciation | $64,040 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,702 |
| Total operating and administrative expenses | $674,592 |
| Contributions, gifts, grants paid | $2,837,030 |
| Total expenses and disbursements | $3,511,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $1,001,909 |
| Net Accounts receivable | $1,312,502 |
| 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 | $1,851,986 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,556,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,357,726 |
| Accounts payable and accrued expenses | $18,334 |
| 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 | $18,334 |
Grants Awarded
Over the last fiscal year, Peter And Paula Fasseas Foundation has awarded $2,837,030 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
PAWS CHICAGO PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $2,201,500 |
CULVER ACADEMIES PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $305,000 |
BRIGHAM AND WOMENS HOSPITAL PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $50,000 |
UNIVERSITY OF CHICAGO MEDICINE & BIOLOGICAL SCIENCES PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $50,000 |
CITY OF HOPE PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $25,000 |
Palatine, IL PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $22,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |