Toby Cassels Foundation
- Assets
- $23.0m
- Revenue
- $733.7k
- Investments
- $21.1m
- Employees
- 0
- Location
- Lexington, SC
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2523015
Organization Overview
Toby Cassels Foundation is located in Lexington, SC. The organization was established in 2015. 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. Toby Cassels 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, Toby Cassels Foundation generated $733.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Toby Cassels Foundation has awarded 29 individual grants totaling $11,704,957. 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 |
|---|---|---|---|
W Tobin Cassels III President/treasurer | 1 | $0 | |
Pat Hook Cassels Vice President/secretary | 1 | $0 | |
Wt Cassels Jr Assistant Treasurer | 1 | $0 | |
J Russell Burleson Jr Assistant Treasurer | 1 | $0 | |
Rustin Rae Cassels Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,594 |
| Dividends & Interest | $414,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $294,543 |
| Capital Gain Net Income | $294,543 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,465 |
| Total operating and administrative expenses | $108,346 |
| Contributions, gifts, grants paid | $1,777,333 |
| Total expenses and disbursements | $1,885,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,773 |
| Savings and temporary cash investments | $1,379,779 |
| 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 | $466,667 |
| Total assets | $23,045,623 |
| 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, Toby Cassels Foundation has awarded $1,777,333 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WATER MISSIONS INTERNATIONAL PURPOSE: HAITI EARTHQUAKE RESPONSE | $102,500 |
COLUMBIA INTERNATIONAL UNIVERSITY PURPOSE: DEBT RETIREMENT | $221,250 |
COLUMBIA INTERNATIONAL UNIVERSITY PURPOSE: ONLINE MARKETING AND RECRUITING | $250,000 |
COLUMBIA INTERNATIONAL UNIVERSITY PURPOSE: 100TH ANNIVERSARY CAMPAIGN | $221,250 |
COLUMBIA INTERNATIONAL UNIVERSITY PURPOSE: BONUS FOR EMPLOYEES AND STAFF | $100,000 |
CROSSOVER GLOBAL PURPOSE: GENERAL SUPPORT | $449,000 |