BETA

CARLOS FUND: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CARLOS FUND (EIN 46-1592888)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202423199349106502
Schema version
2023v5.1
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)
Return2024-11-14T16:55:41-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954557881PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STUART LEVY CPA APCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13848 WEST CARSON STREET SUITE 220AddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90503ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461592888EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARLOS FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCARLBusinessNameControlTxt
Phone8473457255PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 483AddressLine1Txt
CityLAGUNA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92652ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAMY MACKPersonNm
Person TitleVP, SECRETARYPersonTitleTxt
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTUART LEVYPreparerPersonNm
PTINP00424794PTIN
Phone3105401736PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,639,139FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$150,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,921InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,921InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,921InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$34,985DividendsRevAndExpnssAmt
Dividends Net Invst Incm$34,985DividendsNetInvstIncmAmt
Dividends Adj Net Incm$34,985DividendsAdjNetIncmAmt
Total Rev And Expnss$186,906TotalRevAndExpnssAmt
Total Net Invst Incm$36,906TotalNetInvstIncmAmt
Total Adj Net Incm$36,906TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$506OtherProfFeesRevAndExpnssAmt
Other Prof Fees Adj Net Incm$506OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$12,718TaxesRevAndExpnssAmt
Taxes Net Invst Incm$12,718TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$21,773OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$21,773OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$34,997TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,718TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$22,279TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$105,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$105,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$140,497TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,718TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$22,279TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$105,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$46,409ExcessRevenueOverExpensesAmt
Net Investment Income$24,188NetInvestmentIncomeAmt
Adjusted Net Income$14,627AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$17,268CashBOYAmt
Cash EOY$36,552CashEOYAmt
Cash EOYFMV$36,552CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,368,915SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$76,817SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$76,817SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$917,170CorporateStockBOYAmt
Corporate Stock EOY$1,457,450CorporateStockEOYAmt
Corporate Stock EOYFMV$1,457,450CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis$3,068,320InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$1,746,208LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$3,068,320LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$3,068,320LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$4,049,561TotalAssetsBOYAmt
Total Assets EOY$4,639,139TotalAssetsEOYAmt
Total Assets EOYFMV$4,639,139TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,049,561RetainedEarningBOYAmt
Retained Earning EOY$4,098,859RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,049,561TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,098,859TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,049,561TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,098,859TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,049,561TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$46,409ExcessRevenueOverExpensesAmt
Other Increases$2,889OtherIncreasesAmt
Subtotal$4,098,859SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,098,859TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$336InvestmentIncomeExciseTaxAmt
Subtotal$336SubtotalAmt
Tax Based On Investment Income$336TaxBasedOnInvestmentIncomeAmt
Tax Due$336TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
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 Line1AMY MACKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8473457255PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 483AddressLine1Txt
CityLAGUNA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP926520483ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JULIAN MACK
PO BOX 483LAGUNA BEACHCA926520483President & Dir2.00$0
AMY MACK
PO BOX 483LAGUNA BEACHCA926520483VP, SECRETARY10.00$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$1,457,450AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,457,450TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,457,450AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,862CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,435,588NetVlNoncharitableAssetsAmt
Minimum Investment Return$71,779MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$71,779MinimumInvestmentReturnAmt
Tax Based On Investment Income$336TaxBasedOnInvestmentIncomeAmt
Total Tax$336TotalTaxAmt
Distributable Before Adj$71,443DistributableBeforeAdjAmt
Distributable Before Ded$71,443DistributableBeforeDedAmt
Distributable As Adjusted$71,443DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$105,500ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$1,322,112CharitableAssetsAcquisPaidAmt
Qualifying Distributions$1,427,612QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$71,443DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,096,518ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,314ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,774ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$53,952ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$145,006ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,299,564TotalExcessDistributionCyovAmt
Qualifying Distributions$1,427,612QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$71,443AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,356,169RemainingDistriFromCorpusAmt
Total Corpus$2,655,733TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,096,518ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,559,215ExcessDistriCyovToNextYrAmt
Excess From Year4$1,314ExcessFromYear4Amt
Excess From Year3$2,774ExcessFromYear3Amt
Excess From Year2$53,952ExcessFromYear2Amt
Excess From Year1$145,006ExcessFromYear1Amt
Excess From Current Year$1,356,169ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJULIAN MACKContributingManagerNm
Contributing ManagerAMY MACKContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMPASSIONATE ANIMAL RESCUE FOR MED
27672 CROWN VALLEY PARKWAYMISSION VIEJOCA92691NONEPCGENERAL OPERATING SUPPORT$5,000
ORANGE COUNTY COMMUNITY FOUNDATON
4041 MACARTHUR BLVD SUITE 510NEWPORT BEACHCA92660NONEPCGENERAL OPERATING SUPPORT$500
UNCONDITIONAL INC
PO BOX 483LAGUNA BEACHCA92652NONEPCGENERAL OPERATING SUPPORT$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$105,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,921ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$34,985ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$36,906ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,906TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonTYRONE WOOLIE TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 483AddressLine1Txt
CityLAGUNA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92652ZIPCd
FieldValueIRS element (for citing)
Total Contributions$150,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLandCategoryOrItemTxt
Cost Or Other Basis$3,068,320CostOrOtherBasisAmt
Book Value$3,068,320BookValueAmt
EOYFMV$3,068,320EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
PO BOX RENTAL$166$166
PROPERTY INSURANCE$20,642$20,642
PROPERTY OTHER MAINTENANCE$365$365
PROPERTY UTILITIES$600$600

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescSTATE REFUNDDesc
Amt$2,889Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$506Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$506AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$1,100$1,100
PROPERTY TAX$11,593$11,593
STATE FILING FEES$25$25

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