His Foundation
- Assets
- $1.9m
- Revenue
- $850.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 02/2002
- Data as of
- 09/2022
- EIN
- 91-6512367
Organization Overview
His Foundation is located in Mercer Island, WA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. His 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 09/2022, His Foundation generated $850.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $206.7k during the year ending 09/2022. While expenses have increased by 5.0% per year over the past 6 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 2015, His Foundation has awarded 181 individual grants totaling $1,187,844. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Cassan Trustee | 2 | $0 | |
Doris O Cassan Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $850,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $145 |
| 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 | $850,145 |
| 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 | $45 |
| Total operating and administrative expenses | $725 |
| Contributions, gifts, grants paid | $205,997 |
| Total expenses and disbursements | $206,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,526 |
| Savings and temporary cash investments | $1,929,052 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,930,578 |
| 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, His Foundation has awarded $205,997 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION TO NORTH AMERICA PURPOSE: CHARITY CONTRIBUTION | $20,000 |
HEALING THE CULTURE PURPOSE: CHARITY CONTRIBUTION | $15,000 |
Bellevue, WA PURPOSE: CHARITY CONTRIBUTION | $15,000 |
Boone, NC PURPOSE: CHARITY CONTRIBUTION | $15,000 |
Central, SC PURPOSE: SCHOLARSHIP | $14,060 |
Seattle, WA PURPOSE: CHARITY CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that His Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Wong Leung Ng God S Grace Foundation Inc Austin, TX PURPOSE: RELIGIOUS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Thrive Causemetics Foundation Bellevue, WA | $5,555,942 | $8,797,196 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Arthur M James Family Foundation Seaside, OR | $0 | $233,564 |