Lucy H Casteel Foundation
- Assets
- $5.8m
- Revenue
- $320.1k
- Investments
- $5.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 25-1775628
Organization Overview
Lucy H Casteel Foundation is located in Pittsburgh, PA. The organization was established in 1995. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Lucy H Casteel 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 12/2023, Lucy H Casteel Foundation generated $320.1k 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 (10.3%) each year. All expenses for the organization totaled $357.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lucy H Casteel Foundation has awarded 40 individual grants totaling $2,170,510. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,885 |
| Capital Gain Net Income | $151,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,608 |
| Total Revenue | $320,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,751 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,795 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,871 |
| Total operating and administrative expenses | $66,417 |
| Contributions, gifts, grants paid | $290,605 |
| Total expenses and disbursements | $357,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,964 |
| 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 | $5,060,664 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,795,030 |
| 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, Lucy H Casteel Foundation has awarded $290,605 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIONTOWN AREA YMCA PURPOSE: GENERAL SUPPORT | $58,121 |
GREAT BETHEL BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $58,121 |
MOUNTAIN MISSION SCHOOL INC PURPOSE: GENERAL SUPPORT | $58,121 |
CENTRAL CHRISTIAN CHURCH PURPOSE: GENERAL SUPPORT | $58,121 |
JOHNSON UNIVERSITY PURPOSE: GENERAL SUPPORT | $58,121 |