Eugene B Casey Foundation
- Assets
- $146.0m
- Revenue
- $79.4m
- Investments
- $45.8m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 08/1983
- Data as of
- 08/2023
- EIN
- 52-6220316
Organization Overview
Eugene B Casey Foundation is located in Rockville, MD. The organization was established in 1983. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Eugene B Casey 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 08/2023, Eugene B Casey Foundation generated $79.4m in total revenue. All expenses for the organization totaled $12.0m during the year ending 08/2023. While expenses have increased by 4.7% per year over the past 4 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 2020, Eugene B Casey Foundation has awarded 196 individual grants totaling $30,267,947. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna W Sheehan CPA Trustee | 40 | $71,923 | |
Mirna L Lopez Trustee | 40 | $71,923 | |
Brendan V Sullivan Jr Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis & Bockius Llp | 8/30/23 | $116,974 |
Rodgers Consulting Inc | 8/30/23 | $95,610 |
Selzer Gurvitch Rabin Wertheimer & Polott | 8/30/23 | $81,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,672,926 |
| Interest on Savings | $4,136 |
| Dividends & Interest | $908,162 |
| Net Rental Income | $1,162,099 |
| Net Gain on Sale of Assets | $4,692,727 |
| Capital Gain Net Income | $4,692,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $800,386 |
| Total Revenue | $79,367,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,846 |
| Other employee salaries and wages | $42,998 |
| Pension plans, employee benefits | $62,104 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $603,489 |
| Occupancy | $16,869 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,394,813 |
| Total operating and administrative expenses | $4,478,760 |
| Contributions, gifts, grants paid | $7,558,000 |
| Total expenses and disbursements | $12,036,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,545,456 |
| Savings and temporary cash investments | $7,403,358 |
| 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 | $87,106 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,863,036 |
| Net Land, buildings, and equipment | $89,554,040 |
| Other assets | $1,621,727 |
| Total assets | $145,980,463 |
| Accounts payable and accrued expenses | $14,721 |
| 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 | $573,186 |
| Total liabilities | $587,907 |
Grants Awarded
Over the last fiscal year, Eugene B Casey Foundation has awarded $7,558,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
BARNS OF ROSE HILL ENDOWMENT PURPOSE: GENERAL OPERATING EXPENSES | $100,000 |
DOWNTOWN HOPE PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
TRINITY WASHINGTON UNIVERSITY PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
CONSORTIUM OF CATHOLIC ACADEMIES PURPOSE: GENERAL OPERATING EXPENSES | $5,000 |
THE ACADEMY OF THE HOLY CROSS PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
CHILDREN'S LAW CENTER PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |