Stephen And Carol Cassiani Family Foundation
- Assets
- $3.4m
- Revenue
- $1.0m
- Investments
- $2.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-0776857
Organization Overview
Stephen And Carol Cassiani Family Foundation is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen And Carol Cassiani Family 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 12/2021, Stephen And Carol Cassiani Family Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year .
Since 2016, Stephen And Carol Cassiani Family Foundation has awarded 20 individual grants totaling $472,200. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. IT ONLY DISBURSES CHARITABLE FUNDS TO OTHER TAX-EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen M Cassiani Secretary/treasurer | 0 | $0 | |
Carol A Cassiani Vice President | 0 | $0 | |
E Biegel Macaraeg Vice President | 0 | $0 | |
Jonathan M Forster Vice President | 0 | $0 | |
Lisa C Macaraeg President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $884,572 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,945 |
| Capital Gain Net Income | $22,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $52,011 |
| Total Revenue | $1,016,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,006 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $180,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $894,027 |
| 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 | $1,332,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,411,899 |
| 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, Stephen And Carol Cassiani Family Foundation has awarded $130,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: CHARITABLE | $60,000 |
SMU SIMMONS SCHOOL PURPOSE: CHARITABLE | $25,000 |
Dallas, TX PURPOSE: CHARITABLE | $20,000 |
WOMEN'S AUXILLARY CHILDRENS PURPOSE: CHARITABLE | $15,000 |
AMERICAN RED CROSS GREATER HOUSTON PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |