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Nonprofiteer
← CRESSY FOUNDATION INC

Form 990 for tax year 2022

Filed by CRESSY FOUNDATION INC.

Totals

Total revenue
$358,518
Total expenses
$212,943
Contributions and grants received
$275,258
Grants paid
$199,700
Program service revenue
$0
Investment income
$83,260
Other revenue
$0
Total assets, end of year
$1,938,570
Total liabilities, end of year
$250,704
Net assets or fund balances, end of year
$1,687,866
Program services expenses (Part IX)
$199,700
Management and general expenses
$13,243
Fundraising expenses
$0
Program service expenses (Part III)
$199,700

Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $275,258

  • 1g · Noncash contributions included above

    $274,758

  • 3 · Investment income

    total $82,497 · unrelated business $0 · excluded $82,497

  • 7a · Gross sales of assets other than inventory

    securities $346,894

  • 7b · Less cost or other basis and sales expenses

    securities $346,131

  • 7c · Gain or loss

    securities $763

  • 7d · Net gain or loss

    total $763 · related or exempt $0 · unrelated business $0 · excluded $763

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199,700 · program services $199,700

  • 23 · Insurance

    total $250 · program services $0 · management and general $250 · fundraising $0

  • 24a · Other expenses: Real Estate Taxes

    total $6,702 · program services $0 · management and general $6,702 · fundraising $0

  • 24b · Other expenses: Bank & Investment Expenses

    total $5,727 · program services $0 · management and general $5,727 · fundraising $0

  • 24e · All other expenses

    total $564 · program services $0 · management and general $564 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $79,158 · end of year $58,589

  • 10a · Land, buildings and equipment: cost or other basis

    $483,048

  • 10c · Land, buildings and equipment, net

    beginning of year $483,048 · end of year $483,048

  • 11 · Investments: publicly traded securities

    beginning of year $1,069,303 · end of year $1,111,170

  • 12 · Investments: other securities

    beginning of year $299,641 · end of year $285,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $479 · end of year $454

  • 18 · Grants payable

    beginning of year $410,500 · end of year $250,250

  • 27 · Net assets without donor restrictions

    beginning of year $1,520,171 · end of year $1,687,866

Mission and programs · 2022

Mission

The Cressy Foundation supports charitable, educational and religious purposes benefitting citizens of St. Joseph County, Indiana.

  • Grants towards charitable, educational and religious purposes

    Expenses $199,700 · Grants $199,700

As filed on the 2022 return.

Listed in Part VII

  • Patricia Cressy

    President

    Total calculated
    $0
    Hours/week
    1

  • Donald G Cressy

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • M Rose Meissner

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • John C Firth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Catherine A Wynne

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202420169349302672

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