Cashion Family Foundation Inc
- Assets
- $855.7k
- Revenue
- $13.4k
- Investments
- $851.8k
- Employees
- 0
- Location
- Statesville, NC
- Founding
- 12/1994
- Data as of
- 03/2024
- EIN
- 56-1891858
Organization Overview
Cashion Family Foundation Inc is located in Statesville, NC. The organization was established in 1994. 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. Cashion Family 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 03/2024, Cashion Family Foundation Inc generated $13.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $136.5k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cashion Family Foundation Inc has awarded 100 individual grants totaling $323,000. 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 |
|---|---|---|---|
Julia C Johnson Treasurer | 1 | $0 | |
Robert B Cashion President | 1 | $0 | |
James T Cashion Jr Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $28,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,243 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $111 |
| Total operating and administrative expenses | $8,455 |
| Contributions, gifts, grants paid | $128,000 |
| Total expenses and disbursements | $136,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,488 |
| 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 | $360 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $855,677 |
| 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, Cashion Family Foundation Inc has awarded $128,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
LONELY CHILDREN'S FUND PURPOSE: RECIPIENTS GENERAL PURPOSE | $3,000 |
BONCLARKEN CONFERENCE CENTER PURPOSE: RECIPIENTS GENERAL PURPOSE | $7,000 |
BOYS & GIRLS CLUB OF THE PIEDMONT PURPOSE: RECIPIENTS GENERAL PURPOSE | $5,000 |
FIFTH STREET MINISTRIES PURPOSE: RECIPIENTS GENERAL PURPOSE | $8,000 |
HUMANE SOCIETY OF IREDELL COUNTY PURPOSE: RECIPIENTS GENERAL PURPOSE | $2,000 |
IREDELL CHRISTIAN MINISTRIES PURPOSE: RECIPIENTS GENERAL PURPOSE | $7,000 |