Cassels Foundation
- Assets
- $25.2m
- Revenue
- $8.1m
- Investments
- $12.5m
- Employees
- 0
- Location
- Lexington, SC
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 57-1029022
Organization Overview
Cassels Foundation is located in Lexington, SC. 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. 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 12/2021, Cassels Foundation generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cassels Foundation has awarded 49 individual grants totaling $10,071,536. 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 |
|---|---|---|---|
William T Cassels Jr President | 1 | $0 | |
Wtobin Cassels III Secretary/treasurer | 1 | $0 | |
Katherine Cassels Wolfe Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,225,000 |
| Interest on Savings | $29,296 |
| Dividends & Interest | $471,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,971 |
| Capital Gain Net Income | $407,971 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,943 |
| Total Revenue | $8,144,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,519 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,844 |
| Total operating and administrative expenses | $90,085 |
| Contributions, gifts, grants paid | $1,074,627 |
| Total expenses and disbursements | $1,164,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,689,233 |
| 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 | $25,195,801 |
| 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, Cassels Foundation has awarded $1,074,627 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THORNWELL CHILDREN'S HOME PURPOSE: SUPPORT TO PROVIDE HOMES TO ABUSED, NEGLECTED, AND ABANDONED CHILDREN | $250,000 |
North Charleston, SC PURPOSE: SUPPORT OF PROGRAMS SERVING THE HOMELESS AND HUNGRY OF THE COMMUNITY | $250,000 |
EMPOWER ONE PURPOSE: SUPPORT DEVELOPMENT OF CHRISTIAN LEADERS | $165,000 |
Charlotte, NC PURPOSE: SUPPORT OF UNIVERSITY EDUCATIONAL PROGRAMS | $150,000 |
FUTURENOW PURPOSE: SUPPORT OF CHRISTIAN MISSION IN PUBLIC SCHOOLS | $125,000 |
PROVIDENCE HOME PURPOSE: SUPPORT OF HOMELESS SHELTER | $41,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |