Cressy Foundation Inc
- Assets
- $1.9m
- Revenue
- $358.5k
- Investments
- $285.8k
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 02/1998
- Data as of
- 06/2023
- EIN
- 35-1994475
Organization Overview
Cressy Foundation Inc is located in South Bend, IN. The organization was established in 1998. 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. Cressy 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.
For the year ending 06/2023, Cressy Foundation Inc generated $358.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $212.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cressy Foundation Inc has awarded 34 individual grants totaling $1,408,700. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CRESSY FOUNDATION SUPPORTS CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES BENEFITTING CITIZENS OF ST. JOSEPH COUNTY, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TOWARDS CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Cressy President | OfficerTrustee | 1 | $0 |
Donald G Cressy Vice President | OfficerTrustee | 1 | $0 |
M Rose Meissner Secretary/treasurer | OfficerTrustee | 1 | $0 |
John C Firth Director | Trustee | 1 | $0 |
Catherine A Wynne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,258 |
| Noncash contributions included in lines 1a–1f | $274,758 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,258 |
| Total Program Service Revenue | $0 |
| Investment income | $82,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $763 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $250 |
| All other expenses | $564 |
| Total functional expenses | $212,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $483,048 |
| Investments—publicly traded securities | $1,111,170 |
| Investments—other securities | $285,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,938,570 |
| Accounts payable and accrued expenses | $454 |
| Grants payable | $250,250 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $250,704 |
| Net assets without donor restrictions | $1,687,866 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,938,570 |
Grants Awarded
Over the last fiscal year, Cressy Foundation Inc has awarded $157,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR THE HOMELESS PURPOSE: Restricted | $28,460 |
COMMUNITY FOUNDATION OF ST JOSEPH COUNTY PURPOSE: Unrestricted | $7,740 |
UNITED WAY OF ST JOSEPH COUNTY PURPOSE: Unrestricted | $10,000 |
SOUTH BEND PARKS & ARTS FDTN PURPOSE: Restricted | $100,000 |
CENTER FOR HOSPICE CARE PURPOSE: Unrestricted/Restricted | $11,000 |