Concession Charities Inc
- Assets
- $1.6m
- Revenue
- $111.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-3900110
Organization Overview
Concession Charities Inc is located in Sarasota, FL. The organization was established in 2009. 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. Concession Charities Inc 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, Concession Charities Inc generated $111.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $61.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Concession Charities Inc has awarded 14 individual grants totaling $504,704. 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 |
|---|---|---|---|
Bruce A Cassidy President/secretary/director | 4 | $0 | |
Cynthia A Cassidy Vp/director | 4 | $0 | |
Bruce A Cassidy Jr Director | 4 | $0 | |
Sherry Cassidy Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,371 |
| Capital Gain Net Income | $68,371 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $435 |
| Taxes | $1,697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $182 |
| Total operating and administrative expenses | $20,921 |
| Contributions, gifts, grants paid | $41,000 |
| Total expenses and disbursements | $61,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,066 |
| 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 | $1,536,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,579,108 |
| 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, Concession Charities Inc has awarded $41,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF SARASOTA COUNTY PURPOSE: OPERATIONAL | $35,000 |
MANATEE COMMUNITY FOUNDATION PURPOSE: OPERATIONAL | $1,000 |
MANATEE EDUCATION FOUNDATION PURPOSE: OPERATIONAL | $5,000 |