Cagan Foundation
- Assets
- $2.0m
- Revenue
- $800.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Skokie, IL
- Founding
- Data as of
- 12/2023
- EIN
- 81-4009868
Organization Overview
Cagan Foundation is located in Skokie, IL. 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. Cagan 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, Cagan Foundation generated $800.9k in total revenue. All expenses for the organization totaled $192.2k during the year ending 12/2023. While expenses have increased by 26.9% per year over the past 3 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 2021, Cagan Foundation has awarded 21 individual grants totaling $383,550. 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
CAGAN FOUNDATION IS A GRANT MAKING FOUNDATION FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES, INCLUDING SUPPORTING PROGRAMS OF PUBLIC CHARITIES THAT QUALIFY UNDER THE IRS CODE SECTION 501(C)(3) AS A GRANT MAKING FOUNDATION. THE FOUNDATION MAKES GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS THAT ADDRESS THE FOLLOWING AREAS OF INTEREST: DISEASES AND THEIR CURES, DISABILITY, ELDERLY, FAITH BASED ORGANIZATIONS, IN PARTICULAR JEWISH FAITH, HEALTHCARE, AND PET RESCUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Cagan President | 0.1 | $0 | |
Sandra Cagan Secretary | 0.1 | $0 | |
Joseph Gottesman Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $760,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,004 |
| Capital Gain Net Income | $5,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $800,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110 |
| Total operating and administrative expenses | $11,620 |
| Contributions, gifts, grants paid | $180,600 |
| Total expenses and disbursements | $192,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,811 |
| 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 | $1,974,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,016,773 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, Cagan Foundation has awarded $180,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD AT THE BEACHES PURPOSE: GENERAL OPERATING PURPOSES | $10,000 |
CHICAGO CENTER FOR TORAH AND CHESED PURPOSE: GENERAL OPERATING PURPOSES | $17,000 |
CHICAGO MITZVAH CAMPAIGN PURPOSE: GENERAL OPERATING PURPOSES | $10,000 |
CONGREGATION BHH KESSER MAARIV AL PURPOSE: GENERAL OPERATING PURPOSES | $10,000 |
CONGREGATION OR TORAH - SKOKIE PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
CHABAD OF PENSACOLA PURPOSE: GENERAL OPERATING PURPOSES | $3,600 |