Cassels Foundation
- Assets
- $29.6m
- Revenue
- $5.7m
- Investments
- $13.8m
- Employees
- 0
- Location
- Lexington, SC
- Founding
- 07/1996
- Data as of
- 12/2022
- 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 12/2022, Cassels Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cassels Foundation has awarded 49 individual grants totaling $10,140,436. 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 | |
Katherine Cassels Wolfe Vice President | 1 | $0 | |
Wtobin Cassels III Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,900,000 |
| Interest on Savings | $89,817 |
| Dividends & Interest | $422,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $324,917 |
| Capital Gain Net Income | $324,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,328 |
| Total Revenue | $5,740,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $103,127 |
| Contributions, gifts, grants paid | $1,122,500 |
| Total expenses and disbursements | $1,225,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,836,908 |
| 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 | $29,622,909 |
| 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 $1,122,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FORGE PURPOSE: MINISTRY ADVANCEMENT AND STAFF SUPPORT - ANDRE DESPRES | $45,000 |
FEDERATION CENTER OF THE BLIND PURPOSE: ADAPTIVE COMPUTER TRAINING PROGRAM | $10,000 |
SCHOOL TIME BIBLE MINISTRIES PURPOSE: SUPPORT OF SPREADING THE GOSPEL TO SCHOOL CHILDREN | $25,000 |
THORNWELL CHILDREN'S HOME PURPOSE: SUPPORT TO PROVIDE HOMES TO ABUSED, NEGLECTED, AND ABANDONED CHILDREN | $250,000 |
COLUMBIA INTERNATIONAL UNIVERSITY PURPOSE: SUPPORT | $792,500 |