The Faass Foundation Inc
- Assets
- $178.3k
- Revenue
- $3.7k
- Investments
- $77.9k
- Employees
- 0
- Location
- Sheridan, OR
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 65-0666083
Organization Overview
The Faass Foundation Inc is located in Sheridan, OR. The organization was established in 1997. 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. Faass Foundation Inc 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 06/2022, Faass Foundation Inc generated $3.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $6.7k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO PROVIDE AFFORDABLE & PARTICIPATORY HOUSING & SUPPORT FOR THE DISABLED, DISADVANTAGED & YOUTH. PROVIDE SUPPORT FOR ABUSED AND AT-RISK CHILDREN IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna A Reed Dir/ttee | 0 | $0 | |
Barbara N Willard Director | 0 | $0 | |
Ruth Faass Dir/ttee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,298 |
| Capital Gain Net Income | $1,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $668 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $6,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,351 |
| 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 | $77,872 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $76,102 |
| Total assets | $178,325 |
| 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 Faass Foundation Inc has awarded $6,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TINA MILLER COMMUNITY CENTER PURPOSE: PROGRAMS FOR AT RISK CHILDREN/TEENS | $2,000 |
JULIETTE'S HOUSE PURPOSE: SAFE KIDS PREVENTION PROGRAM | $2,000 |
ISAISH 58 OUTREACH PURPOSE: FOOD DISTRIBUTION TO CHILDREN | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
The Barbara And Gerson Bakar Foundation San Francisco, CA | $150,075,547 | $19,097,345 |
William G Irwin Charity Foundation San Francisco, CA | $95,703,761 | $19,136,887 |
Edgerton Foundation Los Angeles, CA | $106,952,264 | $9,589,110 |