Cassiopeia Foundation Inc
- Assets
- $51.4m
- Revenue
- -$3.1m
- Investments
- $42.9m
- Employees
- 0
- Location
- Charlottesvle, VA
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 13-6034219
Organization Overview
Cassiopeia Foundation Inc is located in Charlottesvle, VA. The organization was established in 2006. 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. Cassiopeia 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.
Since 2020, Cassiopeia Foundation Inc has awarded 75 individual grants totaling $11,638,652. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT INVESTING INITIATIVE - AN INITIATIVE TO BETTER UNDERSTAND AND ADDRESS THE BARRIERS CENTRAL APPALACHIAN COMMUNITIES FACE TO MOVE BEYOND A GRANT-DEPENDENT ECONOMY. THIS INCLUDES RESEARCH CONVENINGS AND PRACTICAL COMPONENTS TO BUILD A REGIONAL IMPACT INVESTING ECOSYSTEM BUILD A PIPELINE OF INVESTABLE PROPOSITIONS AND LEVERAGE CAPITAL TO SUPPORT A SUSTAINABLE COMMUNITY AND ECONOMY IN COAL-IMPACTED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Edgerton Miller CEO Trustee | 30 | $300,000 | |
Ethan A Miller Secretary Trustee | 1 | $0 | |
Zachary A Miller Bookkeeper Trustee | 15 | $11,880 | |
Stephanie K Randolph Grants Prgm Ofcr | 37.5 | $152,004 | |
Sara D Miller Executive Assistant | 37.5 | $75,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/22 | $105,798 | |
| 12/30/22 | $695,540 | |
| 12/30/22 | $334,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $827,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,095,160 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173,355 |
| Total Revenue | -$3,074,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $275,000 |
| Other employee salaries and wages | $130,000 |
| Pension plans, employee benefits | $20,619 |
| Interest | $0 |
| Taxes | $36,487 |
| Depreciation | $89,167 |
| Occupancy | $29,924 |
| Travel, conferences, and meetings | $1,827 |
| Printing and publications | $55,000 |
| Other expenses | $245,845 |
| Total operating and administrative expenses | $2,646,422 |
| Contributions, gifts, grants paid | $714,303 |
| Total expenses and disbursements | $3,360,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,691 |
| Savings and temporary cash investments | $2,511,315 |
| 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 | $2,765 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,891,430 |
| Net Land, buildings, and equipment | $1,459,222 |
| Other assets | $4,371,326 |
| Total assets | $51,360,049 |
| Accounts payable and accrued expenses | $47,932 |
| Grants payable | $1,148,310 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $35,470 |
| Total liabilities | $1,231,712 |
Grants Awarded
Over the last fiscal year, Cassiopeia Foundation Inc has awarded $1,300,475 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOCUS ULTRASOUND PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
LANDMARK STUDIO FOR THE ARTS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $100 |
RURAL ACTION PURPOSE: GENERAL OPERATING SUPPORT | $125 |
FOUNDATION FOR APPALACHIAN KENTUCKY INC PURPOSE: GENERAL OPERATING SUPPORT | $250 |
INVEST APPALACHIA PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |