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Nonprofit · EIN 47-2523015

TOBY CASSELS FOUNDATION

Tax-exempt · LEXINGTON, SC 29073

Financials

$1.6M$2.7M2023$2M$1.6M2024$3.8M$1M2025
Revenue Expenses · by fiscal year end
Financials of TOBY CASSELS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$3,761,996$1,028,267$2,733,729$24,686,092$0$24,686,092
December 31, 2024990-PF$2,025,819$1,575,385$450,434$21,952,363$0$21,952,363
December 31, 2023990-PF$1,628,245$2,733,476-$1,105,231$21,484,571$0$21,484,571
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,957,222
Dividends
$742,705
Interest
$19,584
Net gain from sales of assets
$1,042,248
Other income
$237

Expenses

Grants and similar amounts paid
$879,250
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$879,250
Excise tax on investment income
$23,551

Balance sheet and other

Total assets, start of year
$21,952,363
Total assets, end of year
$24,686,092
Total liabilities, end of year
$0
Net assets, end of year
$24,686,092
Fair market value of assets
$35,896,770
Qualifying distributions
$879,250
Net investment income
$1,804,537

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
W TOBIN CASSELS III
420 DAVEGA DRIVE, LEXINGTON, SC 29072
PRESIDENT/TREASURER1$0
PAT HOOK CASSELS
420 DAVEGA DRIVE, LEXINGTON, SC 29072
VICE PRESIDENT/SECRETARY1$0
WT CASSELS JR
420 DAVEGA DRIVE, LEXINGTON, SC 29072
ASSISTANT TREASURER1$0
J RUSSELL BURLESON JR
420 DAVEGA DRIVE, LEXINGTON, SC 29072
ASSISTANT TREASURER1$0
RUSTIN RAE CASSELS
420 DAVEGA DRIVE, LEXINGTON, SC 29072
TRUSTEE1$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
W TOBIN CASSELS III
420 DAVEGA ROAD, LEXINGTON, SC 29072
PRESIDENT/TREASURER1$0
PAT HOOK CASSELS
420 DAVEGA ROAD, LEXINGTON, SC 29072
VICE PRESIDENT/SECRETARY1$0
WT CASSELS JR
420 DAVEGA ROAD, LEXINGTON, SC 29072
ASSISTANT TREASURER1$0
J RUSSELL BURLESON JR
420 DAVEGA ROAD, LEXINGTON, SC 29072
ASSISTANT TREASURER1$0
RUSTIN RAE CASSELS
420 DAVEGA ROAD, LEXINGTON, SC 29072
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
W TOBIN CASSELS III
420 DAVEGA ROAD, LEXINGTON, SC 29072
PRESIDENT/TREASURER1$0
PAT HOOK CASSELS
420 DAVEGA ROAD, LEXINGTON, SC 29072
VICE PRESIDENT/SECRETARY1$0
WT CASSELS JR
420 DAVEGA ROAD, LEXINGTON, SC 29072
ASSISTANT TREASURER1$0
J RUSSELL BURLESON JR
420 DAVEGA ROAD, LEXINGTON, SC 29072
ASSISTANT TREASURER1$0
RUSTIN RAE CASSELS
420 DAVEGA ROAD, LEXINGTON, SC 29072
TRUSTEE1$0

Address and contacts

Address (IRS master file)
420 DAVEGA DR, LEXINGTON, SC 29073-7485
In care of
% W TOBIN CASSELS III
Signed the 990-PF
W TOBIN CASSELS III, PRESIDENT
Phone
(803) 939-3373
Return prepared by
ELLIOTT DAVIS ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
47-2523015
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2015
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$24,686,092
Income (IRS master file)
$5,059,833

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$3,761,996$1,028,267$24,686,092IRS
990-PFDecember 2024$2,025,819$1,575,385$21,952,363IRS
990-PFDecember 2023$1,628,245$2,733,476$21,484,571XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2523015).

Questions about TOBY CASSELS FOUNDATION

What is the EIN of TOBY CASSELS FOUNDATION?
The employer identification number (EIN) of TOBY CASSELS FOUNDATION is 47-2523015.
Is TOBY CASSELS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to TOBY CASSELS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TOBY CASSELS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of TOBY CASSELS FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TOBY CASSELS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of TOBY CASSELS FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does TOBY CASSELS FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,761,996, expenses of $1,028,267 and total assets of $24,686,092 at year end.

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