Cas Properties INC FY2021 filing

Not tax-deductible

Cheshire, CTMutual-benefit / member-servingSince 1995EIN 06-1391233Revenue $101K in FY2021

On file with the IRS30 Realty Dr, 06410-1655 · Cheshire, CTTax-exempt since Aug 1997

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Benefit, perform the function of, carry out the purpose of, and to uphold, promote, and further the welfare programs and activities of the Connecticut Schools Corporation and its 501(c)(3) subsidiary organizations.

Mission: Form 990 Part I, line 1

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $11K a year · 11% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $48K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
178% of total assets
Concern: liabilities are 178% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$101K
-0.6% vs prior year
Spent
$105K
To programs
0%
Net assets
−$513K
By yearFY2020–FY2025
Revenue
$101K
FY2021▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$101K
FY2022$101K
FY2023$101K
FY2024$101K
FY2025$111K
Expenses
$105K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2021$105K
FY2022$119K
FY2023$121K
FY2024$103K
FY2025$116K
Net assets
−$513K
FY2021▼ -0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$509K
FY2021−$513K
FY2022−$531K
FY2023−$552K
FY2024−$554K
FY2025−$559K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Direc
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cas Properties INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports and promotes welfare programs for Connecticut Schools Corporation and its subsidiaries.

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Provided by the organization

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1 program · $105K · in their own filed words · FY2020
01

Maintains the physical plant and grounds located at 30 Realty Drive, Cheshire CT which is used by the related organizations in accomplishing their exempt purpose.

$105Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$48K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$101K
Ln 12
Other incomeLn 4–11$53K
Gifts and grantsLn 1h$48K
Investment incomeLn 3$222
Money outPt IX
$105K
Ln 25
Owns and owesPt X
−$513K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$656K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Investment incomeLn 3$222
Other incomeLn 4–11$53K
Gains on assetsLn 7$0
Total revenueLn 12$101K
Assets in detailPt X, end of year
CashLn 1$873
SavingsLn 2$164K
Cash and savings togetherLn 1–2$165K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$491K
Other assetsLn 15$0
Total assetsLn 16$656K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$513K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$131K$165K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$540K$491K
Total assetsLn 16$671K$656K
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32−$509K−$513K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$43K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$55K
InsuranceLn 23$5K
All other expensesLn 24e$0
Total functional expensesLn 25$105K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $111K$116K−$6K−$559K 990 PDF
FY2024 $101K$103K−$2K−$554K 990 PDF
FY2023 $101K$121K−$20K−$552K 990 PDF
FY2022 $101K$119K−$18K−$531K 990 PDF
FY2021 Viewing $101K$105K−$4K−$513K 990 PDF
FY2020 $102K$119K−$17K−$509K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $101,222 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $48,000$48,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $789$222
I-11 Other revenuePrior year $53,000$53,000
I-12 Total revenuePrior year $101,789$101,222
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,500$1,500
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $117,184$103,449
I-18 Total expensesPrior year $118,684$104,949
I-19 Revenue less expensesPrior year −$16,895−$3,727
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $101,222 across 8 lines filed
VIII-1d Related organizations$48,000
VIII-1h Total contributions, gifts and grants$48,000
VIII-3 Investment incomeExcluded from tax $222$222
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $53,000$53,000
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $53,000 · Excluded from tax $222$101,222
Part IX · Statement of functional expenses $104,949 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$1,500
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$1,130
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$42,640
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$54,831
IX-23 Insurance$4,848
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$104,949
Part X · Balance sheet $656,144 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $32,301$873
X-2 Savings and temporary cash investmentsStart of year $98,666$163,888
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $540,177$491,383
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $671,144$656,144
X-17 Accounts payable and accrued expensesStart of year $3,848$2,575
X-25 Other liabilitiesStart of year $1,176,690$1,166,690
X-26 Total liabilitiesStart of year $1,180,538$1,169,265
X-27 Net assets without donor restrictionsStart of year −$509,394−$513,121
X-32 Total net assets or fund balancesStart of year −$509,394−$513,121
X-33 Total liabilities and net assetsStart of year $671,144$656,144
Part XI · Reconciliation of net assets −$513,121 net assets at year end
XI-1 Total revenue$101,222
XI-2 Total expenses$104,949
XI-3 Revenue less expenses−$3,727
XI-4 Net assets at start of year−$509,394
XI-10 Net assets at end of year−$513,121

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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