Nathan Casselman Foundation Inc
- Assets
- $116.0k
- Revenue
- $8.6k
- Investments
- $114.8k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 86-0777831
Organization Overview
Nathan Casselman Foundation Inc is located in Dallas, TX. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nathan Casselman 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 12/2022, Nathan Casselman Foundation Inc generated $8.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $11.5k during the year ending 12/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PRINCIPALLY MAKES DISTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS FOR USE BY THE DISTRIBUTEES IN SUPPORT OF THEIR VARIOUS RELIGIOUS, EDUCATIONAL, AND HEALTH-RELATED CHARITABLE & HUMANITARIAN PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Casselman President | 1 | $0 | |
Jeannette E Casselman Secretary | 1 | $0 | |
Rachael Carrico Director | 0 | $0 | |
Andrew Abraham Director | 1 | $0 | |
Lynn M Lavoy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,451 |
| Capital Gain Net Income | $3,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $421 |
| Contributions, gifts, grants paid | $11,100 |
| Total expenses and disbursements | $11,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,230 |
| 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 | $116,025 |
| Accounts payable and accrued expenses | $1,120 |
| 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 | $1,120 |
Grants Awarded
Over the last fiscal year, Nathan Casselman Foundation Inc has awarded $11,100 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: FOR RESEARCH FUNDING TO FIND CURE FOR ALZHEIMERS DISEASE | $100 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: FOR EMERGENCY MEDICAL BLOOD SERVICES IN ISRAEL | $200 |
DISABLED AMERICAN VETERANS PURPOSE: FOR PROGRAMS TO EMPOWER VETERANS TO LEAD HIGH-QUALITY LIVES WITH RESPECT AND DIGNITY | $100 |
BIRTHRIGHT ISRAEL PURPOSE: TO PROVIDE TRIPS TO ISRAEL TO YOUNG JEWISH ADULTS | $500 |
JEWISH FREE LOAN PURPOSE: TO PROVIDE FUNDS FOR INTEREST-FREE LOANS TO ASSIST JEWISH COMMUNITY MEMBERS IN NEED | $250 |
VETERANS OF FOREIGN WARS PURPOSE: TO ENSURE THE CARE OF VETERANS AND THEIR FAMILIES AND HONOR MILITARY SERVICE | $100 |