Crass Foundation Inc

Organization Overview

Crass Foundation Inc is located in Conover, NC. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Crass 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLEAND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THEINTERNAL REVENUE CODE OF 1986, AS NOW ENACTED OR HEREAFTER AMENDED. ALL FUNDS, WHETHER ACQUIRED BY GIFT, CONTRIBUTION, OR OTHERWISE, SHALL BEDEVOTED TO SAID PURPOSE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CRASS FOUNDATION INC ANTICIPATES TWO DISTINCT STAGES OF OPERATIONS. THE FIRST STAGE IS THE ACCUMULATION PHASE, WHERE THE ENTITY RECEIVES DONATED FUNDS AND PRIMARILY UTILIZES SUCH FUNDS TO INVEST AND GROW THE ASSETS OF THE ENTITY FOR IT TO HAVE A PERMANENT ENDOWMENT TO FUND SUPPORTING ORGANIZATIONS. DURING THIS PHASE, WHICH IS ANTICIPATED TO LAST 5 YEARS, THE ENTITY ANTICIPATES DISBURSING NO MORE THAN 5% OF ITS TOTAL ASSETS ANNUALLY TO ORGANIZATIONS THAT PERFORM CHARITABLE AND EDUCATIONAL SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Crass
President
$0
Darla Crass
Vice President
$0
Nathan Hearns
Director
$0
Shea Mcconahay
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,050
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,050
Total Program Service Revenue$0
Investment income $3,841
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,891

Grants Awarded

Over the last fiscal year, Crass Foundation Inc has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

CALVERY CHAPEL RIVERBEND

PURPOSE: RELIGIOUS

$10,000

INTERNATIONAL HELP

PURPOSE: EDUCATE, EMPOWER AND EQUIP PEOPLE IN NEED TO BE HEALTH LEADERS IN THEIR COMMUNITY.

$10,000
View Grant Profile

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