Casco Foundation
- Assets
- $606.5k
- Revenue
- $36.9k
- Investments
- $525.7k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 10/2014
- Data as of
- 12/2022
- 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 12/2022, Casco Foundation generated $36.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $53.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Casco Foundation has awarded 69 individual grants totaling $231,500. 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 | $12,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,444 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,103 |
| Contributions, gifts, grants paid | $44,500 |
| Total expenses and disbursements | $53,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,747 |
| 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 | $15,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $606,451 |
| 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 $44,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF THE ATLANTIC PURPOSE: SUSTAINABLE BUSINESS PROGRAM | $3,000 |
PLAY FOR PEACE PURPOSE: GENERAL SUPPORT | $10,000 |
COASTAL ENTERPRISES INC PURPOSE: INROADS TO WHOLESALING & I.D.E.A. SPONSORSHIP | $5,500 |
GREATER PORTLAND IMMIGRANT WELCOME CENTER PURPOSE: IENGLISH PROJECT & ENTREPRENEURSHIP PROGRAMMING | $5,000 |
MAINE CENTER FOR ENTREPRENEURS PURPOSE: TOP GUN PROGRAM | $5,000 |
STARTUP MAINE PURPOSE: NETWORKING EVENTS & SPEAKER SERIES | $5,000 |