The Faass Foundation Inc
- Assets
- $175.5k
- Revenue
- $4.1k
- Investments
- $52.2k
- Employees
- 0
- Location
- Sheridan, OR
- Founding
- 01/1997
- Data as of
- 06/2023
- EIN
- 65-0666083
Organization Overview
The Faass Foundation Inc is located in Sheridan, OR. 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. Faass 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, Faass Foundation Inc generated $4.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.0k during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO PROVIDE AFFORDABLE & PARTICIPATORY HOUSING & SUPPORT FOR THE DISABLED, DISADVANTAGED & YOUTH. PROVIDE SUPPORT FOR ABUSED AND AT-RISK CHILDREN IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Faass Dir/ttee | 0 | $0 | |
Donna A Reed Dir/ttee | 0 | $0 | |
Barbara N Willard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,637 |
| Capital Gain Net Income | $1,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $686 |
| Contributions, gifts, grants paid | $6,304 |
| Total expenses and disbursements | $6,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,503 |
| 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 | $52,249 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $101,725 |
| Total assets | $175,477 |
| 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, The Faass Foundation Inc has awarded $6,304 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JULIETTE'S HOUSE PURPOSE: SAFE KIDS PREVENTION PROGRAM | $2,000 |
ISAISH 58 OUTREACH PURPOSE: FOOD DISTRIBUTION TO CHILDREN | $2,000 |
TINA MILLER COMMUNITY CENTER PURPOSE: PROGRAMS FOR AT RISK CHILDREN/TEENS | $2,304 |