James C Cassie Jr Charitable Foundation
- Assets
- $2.0m
- Revenue
- $63.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-4063288
Organization Overview
James C Cassie Jr Charitable Foundation is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. James C Cassie Jr Charitable 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, James C Cassie Jr Charitable Foundation generated $63.8k 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 (30.9%) each year. All expenses for the organization totaled $176.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Cassie Sec | 7 | $0 | |
Kristian R Cassie Dir, Pres | 5 | $6,000 | |
Megan C Roche Dir | 3 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $149 |
| Dividends & Interest | $76,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,915 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,125 |
| Total Revenue | $63,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,170 |
| Printing and publications | $0 |
| Other expenses | $15,244 |
| Total operating and administrative expenses | $76,009 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $176,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,196 |
| 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 | $375 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,021,091 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $17,883 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,883 |
Grants Awarded
Over the last fiscal year, James C Cassie Jr Charitable Foundation has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND VALLEY STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUND: STUDENTS PURSUING DEGREE PROGRAMS IN THE BIOMEDICAL SCIENCES DEPARTMENT | $50,000 |
WAUBONSEE COMMUNITY COLLEGE FOUNDATION PURPOSE: NURSING SCHOLARSHIP FUND | $50,000 |