Cassidy Foundation
- Assets
- $183.8k
- Revenue
- $15.2k
- Investments
- $175.7k
- Employees
- 0
- Location
- Marks, MS
- Founding
- 12/1967
- Data as of
- 12/2023
- EIN
- 64-6035417
Organization Overview
Cassidy Foundation is located in Marks, MS. The organization was established in 1967. 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. Cassidy 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 12/2023, Cassidy Foundation generated $15.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $26.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS GRANTS TO QUITMAN COUNTY EDUCATIONAL FOUNDATION
FUNDS SECONDARY EDUCATIONAL SCHOLARSHIPS TO RESIDENTS OF QUITMAN COUNTY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Burgess Secretary | 0 | $0 | |
Larry O Lewis Trustee | 0 | $0 | |
Clark Graeber Trustee | 1 | $0 | |
Goly R Henry Trustee | 0 | $0 | |
Thomas Clayton Trustee | 0 | $0 | |
Bill Graeber Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $7,584 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,637 |
| Capital Gain Net Income | $7,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,317 |
| Total operating and administrative expenses | $5,620 |
| Contributions, gifts, grants paid | $20,350 |
| Total expenses and disbursements | $25,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,111 |
| 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 | $175,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $183,777 |
| 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 | $2,500 |
| Total liabilities | $2,500 |
Grants Awarded
Over the last fiscal year, Cassidy Foundation has awarded $20,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: EDUCATIONAL | $10,350 |
QUITMAN COUNTY EDUCATIONAL FOUNDATI PURPOSE: EDUCATIONAL | $10,000 |