Cassner Foundation Inc
- Assets
- $3.1m
- Revenue
- $208.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Hillsboro, OH
- Founding
- 09/1962
- Data as of
- 03/2023
- EIN
- 38-6090665
Organization Overview
Cassner Foundation Inc is located in Hillsboro, OH. The organization was established in 1962. 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. Cassner Foundation Inc 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 03/2023, Cassner Foundation Inc generated $208.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $155.2k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cassner Foundation Inc has awarded 274 individual grants totaling $1,867,894. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS - 9 ORGANIZATIONS RECEIVED CONTRIBUTIONS DURING THE YEAR. SEE STATEMENTS.
SCHOLARSHIPS - 23 SCHOLARSHIPS IN THE AMOUNT OF $3,500 EACH. ONE SCHOLARSHIP IN THE AMOUNT OF $1,750. SEE STATEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Cassner President | 1 | $0 | |
Brian Cassner Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,209 |
| Dividends & Interest | $125,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,475 |
| Capital Gain Net Income | $75,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $208,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,357 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,052 |
| Total operating and administrative expenses | $4,409 |
| Contributions, gifts, grants paid | $150,750 |
| Total expenses and disbursements | $155,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,413 |
| 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 | $2,757,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,095,546 |
| 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, Cassner Foundation Inc has awarded $150,750 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
HEIDELBERG UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
FLORIDA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
CAPITAL UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
HOCKING COLLEGE PURPOSE: SCHOLARSHIP | $3,500 |
LIBERTY UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
UNIVESITY OF KENTUCKY PURPOSE: SCHOLARSHIP | $3,500 |