Erik S Cassel Foundation
- Assets
- $5.8m
- Revenue
- $184.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- 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 12/2022, Erik S Cassel Foundation generated $184.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $337.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Erik S Cassel Foundation has awarded 21 individual grants totaling $760,000. 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 | 0 | $0 | |
Kai Robert Cassel Director | 1 | $0 | |
David Cassel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $520 |
| Dividends & Interest | $91,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,184 |
| Capital Gain Net Income | $92,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $184,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,607 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,434 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $337,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,050 |
| 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 | $5,848,602 |
| 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 $310,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BARD COLLEGE PURPOSE: ACCESS & EQUITY | $105,000 |
LIFEMOVES PURPOSE: COMMUNITY SUPPORT | $35,000 |
IMMIGRATION INSTITUTE OF BAY AREA PURPOSE: IMMIGRATION SUPPORT | $30,000 |
RAINFOREST FOUNDATION PURPOSE: RAINFOREST PROTECTION | $40,000 |
XAVIER UNIVERSITY OF LOUISIANA PURPOSE: GENERAL NEED-BASED SCHOLARSHIPS | $50,000 |
EASTSIDE COLLEGE PREP PURPOSE: GENERAL NEED-BASED SCHOLARSHIPS | $50,000 |