Cismas Foundation
- Assets
- $1.6m
- Revenue
- $227.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 74-3032016
Organization Overview
Cismas Foundation is located in Saratoga, CA. The organization was established in 2002. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cismas 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, Cismas Foundation generated $227.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $62.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cismas Foundation has awarded 25 individual grants totaling $289,910. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF ROMANIAN CULTURAL LITERARY SCIENTIFIC AND EDUCATIONAL ACTIVITIES
AWARDS FOR EXCELLENCE IN ACADEMICS AND SPORTS FOR CHILDREN OF IMMIGRANT ROMANIAN FAMILIES CONSISTENT WITH THE SPECIFIC PURPOSE OF THE CISMAS FOUNDATION STATED IN THE ARTICLES OF INCORPORATION
CONTRIBUTION FOR THE OPENING OF A MEDICAL CENTER IN ROMANIA FOR MUCH NEEDED MEDICAL INFRASTRUCTURE
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Octavia Cismas President | 10 | $0 | |
Sorin Cismas Treasurer | 10 | $0 | |
Cristina Florea Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $209,651 |
| Interest on Savings | $28 |
| Dividends & Interest | $11,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,103 |
| Capital Gain Net Income | $7,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $227,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,773 |
| Taxes | -$257 |
| Depreciation | $1,325 |
| Occupancy | $7,315 |
| Travel, conferences, and meetings | $11,679 |
| Printing and publications | $0 |
| Other expenses | $1,339 |
| Total operating and administrative expenses | $23,345 |
| Contributions, gifts, grants paid | $39,222 |
| Total expenses and disbursements | $62,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5,204 |
| Savings and temporary cash investments | -$69,199 |
| 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 | $52,008 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,955 |
| Other assets | $0 |
| Total assets | $1,598,177 |
| 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, Cismas Foundation has awarded $39,222 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ASOCIATIA CONNECTIONS PURPOSE: ROMANIAN CULTURE AND HISTORY | $19,173 |
MUSEUM OF RECENT ART PURPOSE: ART EXPOSITION AND ALBUM | $5,000 |
MARTINA MARICA PURPOSE: AWARD FOR ACADEMIC EXCELLENCE AND OUTSTANDING RESULTS IN COMPETITIVE TENNIS | $5,000 |
ALEXIA ENACHE PURPOSE: AWARD FOR ACADEMIC EXCELLENCE AND OUTSTANDING RESULTS IN COMPETITIVE VOLLEYBALL | $3,000 |
ANDRA ENACHE PURPOSE: AWARD FOR ACADEMIC EXCELLENCE AND OUTSTANDING RESULTS IN COMPETITIVE VOLLEYBALL | $3,000 |
Saratoga, CA PURPOSE: REBUILD OF A HISTORIC ROMANIAN '80S HOME COMPUTER | $2,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cismas Foundation has recieved totaling $2,049.
| Awarding Organization | Amount |
|---|---|
Cismas Foundation Saratoga, CA PURPOSE: REBUILD OF A HISTORIC ROMANIAN '80S HOME COMPUTER | $2,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International House Berkeley, CA | $36,872,790 | $2,968,814 |
Recycle For Change Richmond, CA | $3,066,281 | $4,293,998 |
Pacific Links Foundation Milpitas, CA | $2,594,773 | $3,090,471 |
Pacific Forum International Honolulu, HI | $6,096,181 | $2,665,542 |
The Institute For Middle East Understanding Tustin, CA | $2,845,946 | $2,453,832 |
Global Exchange San Francisco, CA | $815,734 | $1,489,925 |
Pad Project Los Angeles, CA | $866,439 | $677,983 |
Japan Society Of Northern California San Francisco, CA | $1,390,301 | $1,038,332 |
Us-Mexico Border Philanthropy Partnership San Diego, CA | $1,940,625 | $2,938,495 |
Auroville International Usa Sacramento, CA | $135,767 | $659,080 |
Japan America Society Of Hawaii Honolulu, HI | $874,186 | $846,169 |
Tassel Inc Manhattan Beach, CA | $195,560 | $593,650 |