Robert Lee & Thomas M Chastain Charitable Foundation
- Assets
- $3.1m
- Revenue
- $165.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 59-6171294
Organization Overview
Robert Lee & Thomas M Chastain Charitable Foundation is located in Las Vegas, NV. The organization was established in 1966. 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. Robert Lee & Thomas M Chastain Charitable 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, Robert Lee & Thomas M Chastain Charitable Foundation generated $165.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $262.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Lee & Thomas M Chastain Charitable Foundation has awarded 68 individual grants totaling $582,002. 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 | $94,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,470 |
| Capital Gain Net Income | $64,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,931 |
| Total Revenue | $165,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,011 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,607 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $416 |
| Total operating and administrative expenses | $72,237 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $262,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421 |
| Savings and temporary cash investments | $106,585 |
| 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 | $1,385,948 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,062,156 |
| 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, Robert Lee & Thomas M Chastain Charitable Foundation has awarded $190,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR REGIONAL CONSERVATION PURPOSE: GENERAL OPERATING | $3,750 |
FRACTURED ATLAS INC PURPOSE: GENERAL OPERATING | $3,750 |
BOCA BALLET THEATRE COMPANY PURPOSE: GENERAL OPERATING | $10,000 |
BOYS AND GIRLS CLUBS OF PALM BEACH COUNT PURPOSE: GENERAL OPERATING | $8,000 |
ST GEORGES CENTER PURPOSE: GENERAL OPERATING | $10,000 |
ANDREW RED HARRIS FOUNDATION INC PURPOSE: GENERAL OPERATING | $5,000 |