Edgar T Cato Foundation Inc
- Assets
- $3.4m
- Revenue
- $266.4k
- Investments
- $3.4m
- Employees
- 0
- Location
- Aiken, SC
- Founding
- 02/1994
- Data as of
- 12/2023
- EIN
- 65-0450989
Organization Overview
Edgar T Cato Foundation Inc is located in Aiken, SC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edgar T Cato Foundation Inc 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 12/2023, Edgar T Cato Foundation Inc generated $266.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $206.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Edgar T Cato Foundation Inc has awarded 23 individual grants totaling $1,930,000. 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 |
|---|---|---|---|
Christine Anne Cato Director | 2 | $10,000 | |
Edgar T Cato III Director | 2 | $10,000 | |
Christina Hepner Director | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $91,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,899 |
| Capital Gain Net Income | $145,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,344 |
| Total Revenue | $266,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,750 |
| Total operating and administrative expenses | $106,227 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $206,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977 |
| Savings and temporary cash investments | $0 |
| 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 | $3,276,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,412,538 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $27,296 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10 |
| Total liabilities | $27,306 |
Grants Awarded
Over the last fiscal year, Edgar T Cato Foundation Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE AIKEN COUNTY PUBLIC LIBRARY PURPOSE: SUPPORT RELATIONS WITH THE LIBRARY AND COMMUNITY | $10,000 |
MADISON COUNTY COMMUNITY LEARNING CENTERS PURPOSE: SUSTAINABILITY FOR WOODSON BRANCH NATURE SCHOOL | $100,000 |