Erik S Cassel Foundation
- Assets
- $8.4m
- Revenue
- $1.7m
- Investments
- $8.4m
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2127482
Organization Overview
Erik S Cassel Foundation is located in San Mateo, CA. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. Erik S Cassel 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 12/2021, Erik S Cassel Foundation generated $1.7m in total revenue. All expenses for the organization totaled $459.8k during the year ending 12/2021. While expenses have increased by 96.5% per year over the past 3 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, Erik S Cassel Foundation has awarded 15 individual grants totaling $450,000. 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 |
|---|---|---|---|
Rebecca Smith President/secretary | 2 | $0 | |
Daniel Cassel Director | 1 | $0 | |
Kai Robert Cassel Director | 1 | $0 | |
David Cassel Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,307,330 |
| Interest on Savings | $54 |
| Dividends & Interest | $121,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $228,374 |
| Capital Gain Net Income | $228,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,657,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,514 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $84,841 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $459,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,690 |
| Savings and temporary cash investments | $0 |
| 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 | $8,427,219 |
| 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, Erik S Cassel Foundation has awarded $375,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BARD COLLEGE PURPOSE: ACCESS & EQUITY | $150,000 |
New Orleans, LA PURPOSE: GENERAL NEED-BASED SCHOLARSHIPS | $50,000 |
EASTSIDE COLLEGE PREP PURPOSE: GENERAL NEED-BASED SCHOLARSHIPS | $50,000 |
Menlo Park, CA PURPOSE: COMMUNITY SUPPORT | $35,000 |
KIDS IN NEED OF DEFENSE PURPOSE: SOCIAL SERVICES | $20,000 |
San Francisco, CA PURPOSE: IMMIGRATION SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |