Cressy Foundation Inc
- Assets
- $1.9m
- Revenue
- $369.1k
- Investments
- $299.6k
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 02/1998
- Data as of
- 06/2022
- 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 06/2022, Cressy Foundation Inc generated $369.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $172.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cressy Foundation Inc has awarded 29 individual grants totaling $1,251,500. 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
2022
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
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Rose Meissner Secretary/treasurer | OfficerTrustee | 1 | $0 |
Donald G Cressy Vice President | OfficerTrustee | 1 | $0 |
Patricia Cressy President | 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 | $242,963 |
| Noncash contributions included in lines 1a–1f | $242,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,963 |
| Total Program Service Revenue | $0 |
| Investment income | $111,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,173 |
| 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 | $500 |
| 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 | $201 |
| Total functional expenses | $172,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,158 |
| 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 | $1,069,303 |
| Investments—other securities | $299,641 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,931,150 |
| Accounts payable and accrued expenses | $479 |
| Grants payable | $410,500 |
| 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 | $410,979 |
| Net assets without donor restrictions | $1,520,171 |
| 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 | $1,931,150 |
Grants Awarded
Over the last fiscal year, Cressy Foundation Inc has awarded $131,173 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
South Bend, IN PURPOSE: Restricted | $75,000 |
South Bend, IN PURPOSE: Restricted | $27,609 |
South Bend, IN PURPOSE: Unrestricted | $10,000 |
South Bend, IN PURPOSE: Restricted | $10,000 |
South Bend, IN PURPOSE: Unrestricted | $8,564 |
Endowment Analysis
| Beg. Balance | $2,121,522 |
| Earnings | -$197,953 |
| Net Contributions | $500 |
| Grants | $30,124 |
| Ending Balance | $1,893,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |