Eugene B Casey Foundation
- Assets
- $50.8m
- Revenue
- $6.6m
- Investments
- $16.9m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 08/1983
- Data as of
- 08/2022
- EIN
- 52-6220316
Organization Overview
Eugene B Casey Foundation is located in Rockville, MD. The organization was established in 1983. 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. Eugene B Casey Foundation 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 08/2022, Eugene B Casey Foundation generated $6.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.4m during the year ending 08/2022. While expenses have increased by 8.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Eugene B Casey Foundation has awarded 162 individual grants totaling $30,129,894. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mirna L Lopez Trustee | 20 | $0 | |
Donna W Sheehan CPA Trustee | 20 | $0 | |
Brendan V Sullivan Jr Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $154,559 |
| Dividends & Interest | $741,192 |
| Net Rental Income | $588,171 |
| Net Gain on Sale of Assets | $2,773,407 |
| Capital Gain Net Income | $2,773,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,277 |
| Total Revenue | $6,606,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,346 |
| Taxes | $785,195 |
| Depreciation | $229,440 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,620,067 |
| Total operating and administrative expenses | $2,684,539 |
| Contributions, gifts, grants paid | $7,737,000 |
| Total expenses and disbursements | $10,421,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,056 |
| Savings and temporary cash investments | $8,761,406 |
| 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 | $2,106 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $398,614 |
| Net Land, buildings, and equipment | $24,739,909 |
| Other assets | $291,600 |
| Total assets | $50,783,164 |
| Accounts payable and accrued expenses | $701,363 |
| 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 | $151,947 |
| Total liabilities | $853,310 |
Grants Awarded
Over the last fiscal year, Eugene B Casey Foundation has awarded $7,737,000 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATIN ARMY PURPOSE: NEW CORPS BUILDING | $2,000,000 |
SALVATION ARMY PURPOSE: UKRAINIAN CRISIS | $1,000,000 |
Rockville, MD PURPOSE: E. B. CASEY ENDOWMENT | $1,000,000 |
OLNEY THEATRE CENTER PURPOSE: VANGUARD ENDOWMENT | $1,000,000 |
LIVE & LEARN BETHESDA PURPOSE: GENERAL OPERATIONS | $300,000 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: GENERAL OPERATIONS | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eugene B Casey Foundation has recieved totaling $7,600,000.
| Awarding Organization | Amount |
|---|---|
The Casey Health Institute Foundation Incorporated Bethesda, MD PURPOSE: To enable CHI Health Care, Inc. to continue in operation in furtherance of its charitable purposes. | $7,600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |