Nonprofit · EIN 23-6274038
LOUIS N CASSETT FOUNDATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,221,625 | $716,523 | $505,102 | $10,331,227 | $80 | $10,331,147 |
| December 31, 2024 | 990-PF | $1,408,279 | $694,001 | $714,278 | $9,841,942 | $15,899 | $9,826,043 |
| December 31, 2023 | 990-PF | $254,640 | $697,607 | -$442,967 | $9,113,802 | $2,037 | $9,111,765 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $249,995
- Interest
- $439
- Net gain from sales of assets
- $954,931
- Other income
- $16,260
Expenses
- Grants and similar amounts paid
- $569,498
- Compensation of officers, directors and key employees
- $32,105
- Disbursements for charitable purposes
- $608,868
- Excise tax on investment income
- $15,473
Balance sheet and other
- Total assets, start of year
- $9,841,942
- Total assets, end of year
- $10,331,227
- Total liabilities, end of year
- $80
- Net assets, end of year
- $10,331,147
- Fair market value of assets
- $11,966,037
- Qualifying distributions
- $608,868
- Net investment income
- $1,205,365
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALCOLM B JACOBSON 107 MEDINAH DRIVE, BLUE BELL, PA 19422 | TRUSTEE | 10 | $24,665 |
| SUSAN KERSHBAUM 3200 HOWELL RD APT 310, ATLANTA, GA 30327 | TRUSTEE | 2 | $7,440 |
| VANESSA ELIAS 589 NE 57TH ST, MIAMI, FL 33137 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALCOLM B JACOBSON 107 MEDINAH DRIVE, BLUE BELL, PA 19422 | TRUSTEE | 10 | $24,628 |
| SUSAN KERSHBAUM 3200 HOWELL RD APT 310, ATLANTA, GA 30327 | TRUSTEE | 2 | $7,280 |
| VANESSA ELIAS 589 NE 57TH ST, MIAMI, FL 33137 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALCOLM B JACOBSON 107 MEDINAH DRIVE, BLUE BELL, PA 19422 | TRUSTEE | 10 | $22,991 |
| SUSAN KERSHBAUM 200 W WASHINGTON SQUARE 1407, PHILADELPHIA, PA 19106 | TRUSTEE | 2 | $7,040 |
| VANESSA ELIAS 589 NE 57TH ST, MIAMI, FL 33137 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1818 MARKET ST FL 16, PHILADELPHIA, PA 19103-3604
- Signed the 990-PF
- MALCOLM B JACOBSON, TRUSTEE
- Phone
- (215) 315-7789
- Website
- WWW.CASSETTFOUNDATION.ORG
- Return prepared by
- J H JACOBSON CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-6274038
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $10,331,227
- Income (IRS master file)
- $4,768,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,221,625 | $716,523 | $10,331,227 | XML |
| 990-PF | December 2024 | $1,408,279 | $694,001 | $9,841,942 | XML |
| 990-PF | December 2023 | $254,640 | $697,607 | $9,113,802 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-6274038).
Questions about LOUIS N CASSETT FOUNDATION
- What is the EIN of LOUIS N CASSETT FOUNDATION?
- The employer identification number (EIN) of LOUIS N CASSETT FOUNDATION is 23-6274038.
- Is LOUIS N CASSETT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
- Are donations to LOUIS N CASSETT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LOUIS N CASSETT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LOUIS N CASSETT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOUIS N CASSETT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of LOUIS N CASSETT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $24,665 (MALCOLM B JACOBSON, TRUSTEE).
- How much revenue does LOUIS N CASSETT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,221,625, expenses of $716,523 and total assets of $10,331,227 at year end.
Other nonprofits in PHILADELPHIA
- TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA EIN 23-1352685 · last filed 990 for 2025
- THE CHILDRENS HOSPITAL OF PHILADELPHIA EIN 23-1352166 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY HOSPITAL EIN 23-2829095 · last filed 990 for 2025
- TEMPLE UNIVERSITY HOSPITAL INC EIN 23-2825878 · last filed 990 for 2025
- HEALTH PARTNERS PLANS INC EIN 23-2379751 · last filed 990 for 2024
- TEMPLE UNIVERSITY-OF THE COMMONWEALTH SYSTEM OF HIGHER EDUC EIN 23-1365971 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY EIN 23-1352651 · last filed 990 for 2025
- DREXEL UNIVERSITY EIN 23-1352630 · last filed 990 for 2025