Cismas Foundation
- Assets
- $2.0m
- Revenue
- $501.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 74-3032016
Organization Overview
Cismas Foundation is located in Saratoga, CA. The organization was established in 2002. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cismas 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 12/2023, Cismas Foundation generated $501.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $95.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cismas Foundation has awarded 23 individual grants totaling $212,264. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENDOW UNDERFUNDED EDUCATIONAL SYSTEM IN PARTICULAR HIGH SCHOOL COMPUTER SCIENCE LABORATORY
ENDOW COMPUTER HISTORY MUSEUMS AND REBUILD ICONIC COMPUTERS FROM THE PAST
ORPHAN CARE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Octavia Cismas President | 10 | $0 | |
Sorin Cismas Treasurer | 10 | $0 | |
Cristina Florea Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $393,720 |
| Interest on Savings | $24 |
| Dividends & Interest | $13,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,566 |
| Capital Gain Net Income | $94,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,141 |
| Taxes | $856 |
| Depreciation | $1,325 |
| Occupancy | $16,659 |
| Travel, conferences, and meetings | $13,759 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,910 |
| Contributions, gifts, grants paid | $60,354 |
| Total expenses and disbursements | $95,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,740 |
| Savings and temporary cash investments | $25 |
| 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 | $1,630 |
| Other assets | $0 |
| Total assets | $2,004,229 |
| 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, Cismas Foundation has awarded $60,354 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE CISMAS FOUNDATION PURPOSE: REBUILD OF A HISTORIC ROMANIAN '80S HOME COMPUTER | $9,679 |
COMPUTER HISTORY MUSEUM PURPOSE: CONTINUE COMPUTER HISTORY MUSEUM MISSION | $1,024 |
COLEGIUL NATIONAL DR IOAN MESOTA PURPOSE: COMPUTER SCIENCE LABORATORY | $48,751 |
BISERICA CRESTINA BAPTISTA EMANUEL PURPOSE: ORPHAN CARE | $900 |