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CASTLE FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CASTLE FOUNDATION INC (EIN 95-4827391)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-09
IRS object ID
202411309349102611
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-09T10:59:34-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN274589892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eric W MartinBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line174-075 El Paseo Ste B1AddressLine1Txt
CityPalm DesertCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92260ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954827391EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CASTLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCASTBusinessNameControlTxt
Phone7606368558PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line172750 COUNTRY CLUB DR 236AddressLine1Txt
CityRANCHO MIRAGECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92270ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNIFER HAASPersonNm
Person TitleCFOPersonTitleTxt
Signature2024-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJENNIFERPersonFirstNm
Person LastHAASPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEric W MartinPreparerPersonNm
PTINP01203609PTIN
Phone7607764321PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$683,297FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$25InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$25InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$25InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$33,169DividendsRevAndExpnssAmt
Dividends Net Invst Incm$33,169DividendsNetInvstIncmAmt
Dividends Adj Net Incm$33,169DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,356NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$40,000GrossSalesPriceAmt
Total Rev And Expnss$30,838TotalRevAndExpnssAmt
Total Net Invst Incm$33,194TotalNetInvstIncmAmt
Total Adj Net Incm$33,194TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$9,700AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$9,700AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$370TaxesRevAndExpnssAmt
Taxes Net Invst Incm$50TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,001OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,001OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$11,071TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,751TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$35,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$35,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$46,071TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,751TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,233ExcessRevenueOverExpensesAmt
Net Investment Income$22,443NetInvestmentIncomeAmt
Adjusted Net Income$33,194AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,001CashBOYAmt
Sav And Temp Cash Invst BOY$4,607SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,162SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,162SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$759,953CorporateStockBOYAmt
Corporate Stock EOY$750,266CorporateStockEOYAmt
Corporate Stock EOYFMV$675,466CorporateStockEOYFMVAmt
Other Assets BOY$2,170OtherAssetsBOYAmt
Other Assets EOY$2,669OtherAssetsEOYAmt
Other Assets EOYFMV$2,669OtherAssetsEOYFMVAmt
Total Assets BOY$767,731TotalAssetsBOYAmt
Total Assets EOY$758,097TotalAssetsEOYAmt
Total Assets EOYFMV$683,297TotalAssetsEOYFMVAmt
Other Liabilities BOY$2OtherLiabilitiesBOYAmt
Other Liabilities EOY$5,601OtherLiabilitiesEOYAmt
Total Liabilities BOY$2TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,601TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$767,729NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$752,496NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$767,729TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$752,496TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$767,731TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$758,097TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$767,729TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,233ExcessRevenueOverExpensesAmt
Subtotal$752,496SubtotalAmt
Tot Net Ast Or Fund Balances EOY$752,496TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property4,053.234 VANGUARD SHORT-TERM TREASURYPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2019-01-24AcquiredDt
Sold2023-12-27SoldDt
Gross Sales Price$40,000GrossSalesPriceAmt
Cost Or Other Basis$42,356CostOrOtherBasisAmt
Gain Or Loss-$2,356GainOrLossAmt
Gains Minus Excess Or Losses-$2,356GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,356CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$312InvestmentIncomeExciseTaxAmt
Subtotal$312SubtotalAmt
Tax Based On Investment Income$312TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$320EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$320TotalPaymentsAndCreditsAmt
Overpayment$8OverpaymentAmt
Applied To ES Tax$8AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ERIC W MARTINBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7607764321PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line174-075 EL PASEO SUITE B1AddressLine1Txt
CityPALM DESERTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92260ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnYes (true)BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DOROTHY P CASTLE
125 WATERFORDRANCHO MIRAGECA92270CEO0.00$0
PATRICIA L BAMFORD
6 HAMTINE COURTSTAFFORDVA22554Secretary0.00$0
JENNIFER HAAS
74130 KINGSTON COURT EPALM DESERTCA92211CFO2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$686,558AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,934AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$695,492TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$695,492AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,432CashDeemedCharitableAmt
Net Vl Noncharitable Assets$685,060NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,253MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,253MinimumInvestmentReturnAmt
Tax Based On Investment Income$312TaxBasedOnInvestmentIncomeAmt
Total Tax$312TotalTaxAmt
Distributable Before Adj$33,941DistributableBeforeAdjAmt
Distributable Before Ded$33,941DistributableBeforeDedAmt
Distributable As Adjusted$33,941DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,000ExpensesAndContributionsAmt
Qualifying Distributions$35,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,941DistributableAsAdjustedAmt
Undistributed Income PY$30,693UndistributedIncomePYAmt
Qualifying Distributions$35,000QualifyingDistributionsAmt
Applied To Year1$30,693AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,307AppliedToCurrentYearAmt
Undistributed Income CY$29,634UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MCCALLUM THEATRE
73000 FRED WARING DRIVEPALM DESERTCA92260NONEPCPRESIDENT'S CIRCLE/SILVER ANNUAL CAMPAIGN$10,000
RANCHO MIRAGE LIBRARY OBSERVATORY
71-100 HIGHWAY 111RANCHO MIRAGECA92270NONEPCIN SUPPORT OF LOCAL LIBRARY$5,000
THE LIVING DESERT
47900 PORTOLA AVEPALM DESERTCA92260NONEPCIN FURTHERANCE OF ORGANIZATION'S WORK$10,000
RIVERSIDE COUNTY DEPT OF ANIMAL SER
6851 VAN BUREN BLVDRIVERSIDECA92509NONEPCCOACHELLA VALLEY ANIMAL CAMPUSE SPECIFICALLY TO CAT PROGRAM$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$35,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$25ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$33,169ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$2,356ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$30,838ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$30,838TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ERIC W MARTIN, CPA$8,200$8,200$0$0
HUGH W PENDLETON, CPA$1,500$1,500$0$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
DOUBLELINE TOTAL RETURN BOND FUND$214,061$174,221
PIMCO INCOME FUND INST CLASS$209,828$185,480
DOUBLELINE LOW DURATION BOND$108,712$105,079
FPA NEW INCOME FUND$107,071$105,928
VANGUARD SHORT-TERM INV TREAS$110,594$104,758

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDIVIDEND RECEIVABLEDesc
BOY Book Value$2,170BOYBookValueAmt
EOY Book Value$2,669EOYBookValueAmt
EOYFMV$2,669EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS EXPENSEDesc
Revenue And Expenses Per Books$1,001RevenueAndExpensesPerBooksAmt
Net Investment Income$1,001NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescEOY Book ValueEOYBookValueAmtBOY Book ValueBOYBookValueAmt
DUE TO DOROTHY P. CASTLE$5,600
Rounding$1$2

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
CALIFORNIA TAXES$50$50
FEDERAL TAXES$320

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