The Cressant Foundation
- Assets
- $2.5m
- Revenue
- $114.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 42-1432416
Organization Overview
The Cressant Foundation is located in Des Moines, IA. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cressant 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 12/2022, Cressant Foundation generated $114.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $155.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Jack Pres & Director | 1.8 | $0 | |
Gregory L Kenyon Secretary | 0 | $0 | |
Joan R Piggott Director | 0 | $0 | |
Linda Jack Pres & Director | 1.8 | $0 | |
Gregory L Kenyon Secretary | 0 | $0 | |
Joan R Piggott Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,631 |
| Interest on Savings | $157 |
| Dividends & Interest | $76,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $20,079 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,285 |
| Total operating and administrative expenses | $25,528 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $155,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,818 |
| 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 | $130,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,534,053 |
| 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, The Cressant Foundation has awarded $130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: USC CRESSANT GIFT AND MATCHING FUND | $40,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: RESEARCH SUPPORT FOR DR. MARJORIE BECKER AT USC DORNSLIFE. | $90,000 |