Helen G Nassif Foundation Inc
- Assets
- $10.6m
- Revenue
- $326.4k
- Investments
- $3.5m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 52-2031005
Organization Overview
Helen G Nassif Foundation Inc is located in Charleston, WV. The organization was established in 1997. 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. Helen G Nassif 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 12/2021, Helen G Nassif Foundation Inc generated $326.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $761.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Helen G Nassif Foundation Inc has awarded 16 individual grants totaling $875,642. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John G Nassif V.p./ Dir | 1 | $0 | |
Dr Alex Skaff President/ Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $463 |
| Dividends & Interest | $139,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181,702 |
| Capital Gain Net Income | $181,702 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,680 |
| Total Revenue | $326,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,690 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,912 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $521,694 |
| Contributions, gifts, grants paid | $239,297 |
| Total expenses and disbursements | $760,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,666 |
| Savings and temporary cash investments | $7,067,033 |
| 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 | $10,581,687 |
| 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, Helen G Nassif Foundation Inc has awarded $239,297 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Cedar Rapids, IA PURPOSE: GENERAL SUPPORT | $106,298 |
ST JOHN CHRYSOSTOM CHURCH PURPOSE: UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $44,333 |
ST GEORGE CHURCH PURPOSE: GENERAL SUPPORT | $44,333 |
Charleston, WV PURPOSE: UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $44,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |