Crass Foundation Inc
- Assets
- $816.3k
- Revenue
- $19.3k
- Investments
- $434.2k
- Employees
- 0
- Location
- Denver, NC
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-4644069
Organization Overview
Crass Foundation Inc is located in Denver, 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Hearns Director | 0 | $0 | |
Shea Mcconahay Director | 0 | $0 | |
Stephen Crass President | 0 | $0 | |
Darla Crass Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,998 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $42,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,159 |
| 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 | $434,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $350,000 |
| Total assets | $816,339 |
| 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, Crass Foundation Inc has awarded $37,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN STATE THERAPEUTIC SERVICES PURPOSE: DOMESTIC NON PROFIT CORPORATIONEXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES | $10,000 |
JUDICIAL WATCH PURPOSE: 501(C)(3) NONPROFIT ORGANIZATIONPROMOTES TRANSPARENCY, ACCOUNTABILITY AND INTEGRITY IN GOVERNMENT, POLITICS AND THE LAW. | $1,500 |
INTERNATIONAL HEALTH EDUCATION FOR LOCAL PEOPLE PURPOSE: A 501 (C) (3) NON-PROFIT SEEKING TO END PREVENTABLE DISEASES IN UNDERPRIVILEGED AREAS GLOBALLY THROUGH EDUCATING AND EMPOWERING LOCAL PEOPLE TO BE HEALTHCARE LEADERS, WHOSE IMPACT WILL CHANGE THE COURSE OF THEIR COMMUNITY. | $5,000 |
CALVARY CHAPEL RIVERBEND PURPOSE: FELLOWSHIP OF CHURCHES THAT INVOLVE OVER 1600 MINISTRIES AROUND THE WORLD. | $9,500 |
THOMAS MORE SOCIETY PURPOSE: NOT-FOR-PROFIT PUBLIC INTEREST LAW FIRM CHAMPIONING LIFE, FAMILY, AND FREEDOM | $11,000 |