The Cressant Foundation
- Assets
- $2.7m
- Revenue
- $379.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 08/1995
- Data as of
- 12/2021
- 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 12/2021, Cressant Foundation generated $379.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $152.8k during the year ending 12/2021. 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,369 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $273,885 |
| Capital Gain Net Income | $273,885 |
| Net ST Capital Gain | $7,583 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $379,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $239 |
| Other expenses | $800 |
| Total operating and administrative expenses | $40,821 |
| Contributions, gifts, grants paid | $112,000 |
| Total expenses and disbursements | $152,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,234 |
| 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 | $94,328 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,714,979 |
| 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 $390,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: RESEARCH SUPPORT FOR DR. MARJORIE BECKER AT USC DORNSLIFE. | $90,000 |
Los Angeles, CA PURPOSE: RESEARCH SUPPORT FOR DR. MARJORIE BECKER AT USC DORNSLIFE. | $90,000 |
Los Angeles, CA PURPOSE: RESEARCH SUPPORT FOR DR. MARJORIE BECKER AT USC DORNSLIFE. | $90,000 |
Los Angeles, CA PURPOSE: USC CRESSANT GIFT AND MATCHING FUND | $40,000 |
Los Angeles, CA PURPOSE: USC CRESSANT GIFT AND MATCHING FUND | $40,000 |
Los Angeles, CA PURPOSE: USC CRESSANT GIFT AND MATCHING FUND | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |