Casco Foundation
- Assets
- $623.1k
- Revenue
- $108.7k
- Investments
- $503.9k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 45-4869369
Organization Overview
Casco Foundation is located in Portland, ME. The organization was established in 2014. 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. Casco 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, Casco Foundation generated $108.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $45.4k during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 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, Casco Foundation has awarded 55 individual grants totaling $168,000. 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 |
|---|---|---|---|
Sandra L Stone Director, President | 0.5 | $0 | |
Alexander W Knecht Director, Treasurer | 0 | $0 | |
Richard E Curran Director, Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,623 |
| Capital Gain Net Income | $66,623 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $360 |
| Total Revenue | $108,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,404 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $45,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,209 |
| 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 | $9,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $623,144 |
| 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, Casco Foundation has awarded $36,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Brunswick, ME PURPOSE: EARLY PROGRAMMING FOR FEMALE ENTREPRENEURS; $3,600 SELF-WORTH PROGRAMMING, $1,400 BOUNDARIES PROGRAM. | $5,000 |
MAINE CENTER FOR ENTREPRENEURS PURPOSE: TOP GUN, MARKETSHARE, NEW FOODTECH PROGRAM, NEW OUTDOOR BRANDS SUPPORT INITIATIVE. | $5,000 |
Portland, ME PURPOSE: NETWORKING EVENTS AND SPEAKER SERIES. | $5,000 |
Waterville, ME PURPOSE: SPLIT AS NEEDED BETWEEN CENTRAL ME TOP GUN PROGRAM AND HAIBI EARLY STAGE ENTREPRENEURIAL VENTURES. | $4,000 |
GREATER PORTLAND IMMIGRANT WELCOME CENTER PURPOSE: IENGLISH PROJECT: ENTREPRENEURSHIP PROGRAMMING AT THE IMMIGRANT BUSINESS HUB. | $4,000 |
Orono, ME PURPOSE: TO SUPPORT APRIL INNOVATION NIGHTS TARGETED TOWARDS WOMEN AND BIPOC ENTREPRENEURS. | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |
Emily Landecker Foundation Hanover, NH | $38,846,417 | $4,476,586 |
Opportunity Networks Inc Amherst, NH | $2,792,676 | $4,076,100 |
The Bob Crewe Foundation Cumberland Foreside, ME | $17,458,318 | $1,381,520 |
Roxanne Quimby Foundation Inc Portland, ME | $37,980,106 | $2,835,642 |
Frank M & Olive E Gilman Foundation Inc Enfield, NH | $33,453,249 | $3,949,381 |
Jackson Hole Ranch Conservancy Foundation Exeter, NH | $0 | $1,922,389 |