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Toby Cassels Foundation

  • Lexington, SC
  • Tax-exempt since March 2015
  • EIN: 47-2523015

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.03M (2024)

Expenses
$1.58M (2024)

Total Assets
$22M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,025,819
Expenses
$1,575,385
Net Income
$450,434
Net Assets
$21,952,363
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,045
0.4%
Dividends $676,197
33.4%
Sales of Assets $1,339,500
66.1%
Other Income $2,077
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,452,965
92.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $21,952,363
Total Liabilities $0
Net Assets $21,952,363
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,628,245
Expenses
$2,733,476
Net Income
-$1,105,231
Net Assets
$21,484,571
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,247
0.3%
Dividends $604,210
37.1%
Sales of Assets $552,121
33.9%
Other Income $466,667
28.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,623,500
96.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $21,484,571
Total Liabilities $0
Net Assets $21,484,571
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 11, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$733,672
Expenses
$1,885,679
Net Income
-$1,152,007
Net Assets
$23,045,623
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $24,594
3.4%
Dividends $414,535
56.5%
Sales of Assets $294,543
40.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,777,333
94.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $23,045,623
Total Liabilities $0
Net Assets $23,045,623
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$823,013
Expenses
$492,907
Net Income
$330,106
Net Assets
$24,209,587
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,341
1.0%
Dividends $463,596
56.3%
Sales of Assets $351,076
42.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $395,000
80.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,209,587
Total Liabilities $0
Net Assets $24,209,587
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,365,474
Expenses
$1,145,997
Net Income
$1,219,477
Net Assets
$23,881,228
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,900,019
80.3%
Interest Revenue $25,312
1.1%
Dividends $388,977
16.4%
Sales of Assets $51,166
2.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,077,891
94.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $23,881,229
Total Liabilities $1
Net Assets $23,881,228
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 17, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,984,339
Expenses
$184,312
Net Income
$3,800,027
Net Assets
$22,665,226
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,553,006
89.2%
Interest Revenue $22,115
0.6%
Dividends $349,951
8.8%
Sales of Assets $59,267
1.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,714
74.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $22,665,227
Total Liabilities $1
Net Assets $22,665,226
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on May 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,934,885
Expenses
$166,061
Net Income
$4,768,824
Net Assets
$18,760,933
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,604,000
93.3%
Interest Revenue $448
0.0%
Dividends $233,235
4.7%
Sales of Assets $97,202
2.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $136,863
82.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,760,933
Total Liabilities $0
Net Assets $18,760,933
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (President/Treasurer) $0 $0
Pat Hook Cassels (Vice President/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,290,249
Expenses
$1,310,197
Net Income
$8,980,052
Net Assets
$13,956,146
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,156,060
98.7%
Interest Revenue $150
0.0%
Dividends $130,098
1.3%
Sales of Assets $3,941
0.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,285,000
98.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,956,146
Total Liabilities $0
Net Assets $13,956,146
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (Chairman/Treasurer) $0 $0
Pat Hook Cassels (Vice Chairman/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,336,715
Expenses
$4,872,877
Net Income
-$2,536,162
Net Assets
$5,011,405
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,338,267
> 100%
Interest Revenue $435
0.0%
Dividends $30,508
1.3%
Sales of Assets -$32,495
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,860,000
99.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,011,405
Total Liabilities $0
Net Assets $5,011,405
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (Chairman/Treasurer) $0 $0
Pat Hook Cassels (Vice Chairman/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,356,553
Expenses
$2,212,212
Net Income
$6,144,341
Net Assets
$7,544,386
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,355,983
100.0%
Interest Revenue $118
0.0%
Dividends $1,089
0.0%
Sales of Assets -$637
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,195,324
99.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,544,386
Total Liabilities $0
Net Assets $7,544,386
Compensation
Key Employees and Officers Compensation Other
W Tobin Cassels Iii (Chairman/Treasurer) $0 $0
Pat Hook Cassels (Vice Chairman/Secretary) $0 $0
Wt Cassels Jr (Assistant Treasurer) $0 $0
J Russell Burleson Jr (Assistant Treasurer) $0 $0
Rustin Rae Cassels (Trustee) $0 $0
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Document Links

990-PF
Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,400,003
Expenses
$1
Net Income
$1,400,002
Net Assets
$1,400,002
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,400,000
100.0%
Interest Revenue $3
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,400,002
Total Liabilities $0
Net Assets $1,400,002

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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