COSTA FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
COSTA FAMILY FOUNDATION (EIN 27-0989324)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202433189349103983
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)
Return2024-11-13T17:07:25-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN920403058PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Sierra View Tax & ConsultingBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14285 Spyres WayAddressLine1Txt
CityModestoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270989324EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COSTA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOSTBusinessNameControlTxt
Phone2096026632PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o 4285 SPYRES WAYAddressLine1Txt
CityMODESTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDENISE L COSTAPersonNm
Person TitleSecretary/DirecPersonTitleTxt
Signature2024-11-13SignatureDt
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 PersonCathy A StapleyPreparerPersonNm
PTINP00052603PTIN
Phone2095771280PhoneNum
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$20,014,173FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$11,616InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11,616InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$11,616InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,859DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,859DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,859DividendsAdjNetIncmAmt
Total Rev And Expnss$20,024,475TotalRevAndExpnssAmt
Total Net Invst Incm$24,475TotalNetInvstIncmAmt
Total Adj Net Incm$24,475TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,525AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$6,328OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,853TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$34,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$34,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$42,353TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$34,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$19,982,122ExcessRevenueOverExpensesAmt
Net Investment Income$24,475NetInvestmentIncomeAmt
Adjusted Net Income$24,475AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,223CashBOYAmt
Cash EOY$57,281CashEOYAmt
Cash EOYFMV$57,281CashEOYFMVAmt
Sav And Temp Cash Invst EOY$4,911,228SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,911,228SavAndTempCashInvstEOYFMVAmt
US Government Obligations EOY$15,019,836USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$15,045,664USGovtObligationsEOYFMVAmt
Total Assets BOY$6,223TotalAssetsBOYAmt
Total Assets EOY$19,988,345TotalAssetsEOYAmt
Total Assets EOYFMV$20,014,173TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$6,223CapitalStockBOYAmt
Capital Stock EOY$19,988,345CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$6,223TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$19,988,345TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$6,223TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$19,988,345TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,223TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$19,982,122ExcessRevenueOverExpensesAmt
Subtotal$19,988,345SubtotalAmt
Tot Net Ast Or Fund Balances EOY$19,988,345TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$340InvestmentIncomeExciseTaxAmt
Subtotal$340SubtotalAmt
Tax Based On Investment Income$340TaxBasedOnInvestmentIncomeAmt
Tax Due$340TaxDueAmt
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 FoundationYes (true)PrivateOperatingFoundationInd
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 Line1DENISE COSTABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2095450231PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14300 Spyres WayAddressLine1Txt
CityMODESTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd
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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DAN J COSTA
1204 COUNTRYVIEW DRIVEMODESTOCA95356President/Direc1.00$0
DENISE L COSTA
1204 COUNTRYVIEW DRIVEMODESTOCA95356Secretary/Direc1.00$0
JEFFREY R HAMILTON
4285 SPYRES WAYMODESTOCA95356CFO/Direct1.00$0
DANIEL S COSTA
484 S MANLEYRIPONCA95366Director1.00$0
KELSIE L COSTA
2917 LAGUNASAN FRANCISCOCA94123Director1.00$0
Brad Ardis
c/o 4285 Spyres WayModestoCA95356Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DEA SURVIVORS BENEFIT FUND - TO SUPPORT FAMILIES OF AGENTS WHO LOST THEIR LIVES IN THE LINE OF DUTY.Description1Txt
Expenses1$0Expenses1Amt
Description2MINDS MATTERSTO SUPPORT STUDENTS FROM LOW-INCOME FAMILIES IN ACHIEVING EDUCATIONAL AND OCCUPATIONAL SUCCESSDescription2Txt
Description3MODESTO POLICE CANINE ASSOCIATIONTO PAY MEDICAL BILLS OF RETIRED K-9S AND PROVIDE SUPPLEMENTAL TRAINING AND EQUIPMENT FOR CURRENT K-9 TEAMSDescription3Txt
Description4CENTRAL CATHOLIC HIGH SCHOOLTO SUPPORT EDUCATIONAL OPPORTUNITIES FOR HIGH SCHOOL STUDENTS.Description4Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,253,805AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$224,176AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,477,981TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,477,981AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,170CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,455,811NetVlNoncharitableAssetsAmt
Minimum Investment Return$72,791MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$34,500ExpensesAndContributionsAmt
Qualifying Distributions$34,500QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$24,475CurrentYearAmt
Total$24,475TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$20,804CurrentYearAmt
Total$20,804TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$34,500CurrentYearAmt
Year1$186,075Year1Amt
Year2$1,000Year2Amt
Year3$45,500Year3Amt
Total$267,075TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$34,500CurrentYearAmt
Year1$186,075Year1Amt
Year2$1,000Year2Amt
Year3$45,500Year3Amt
Total$267,075TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year3$34,571Year3Amt
Total$34,571TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDAN J COSTAContributingManagerNm
Contributing ManagerDENISE L COSTAContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDENISE COSTARecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11204 COUNTRY VIEW DRIVEAddressLine1Txt
CityMODESTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2095771280RecipientPhoneNum
Form And Info And MaterialsAN APPLICATION FORM OR A GRANT PROPOSAL SHOULD BE IN WRITTING AND INCLUDE THE ORGANIZATIONS EXEMPT CHARITABLE STATUS AND WHAT THE GRANT WILL BE USED FOR.FormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESSubmissionDeadlinesTxt
Restrictions On AwardsTHE FOUNDATION WILL ONLY MAKE DISTRIBUTIONS IN THE FORM OF A GRANT TO ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTIONS 501(C)(3).RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MINDS MATTER NATIONAL INC
1120 AVENUE OF THE AMERICASNEW YORKNY10036IndependentPFSUPPORT GENERAL PURPOSES OF THE ORGANIZATION.$1,000
DEA SURVIVORS BENEFIT FUND
4651 WOODSTOCK RDROSWELLGA30075IndependentPFSUPPORT GENERAL PURPOSES OF THE ORGANIZATION.$30,000
CENTRAL CATHOLIC HIGH SCHOOL
200 S CARPENTER RDMODESTOCA95351IndependentPFSUPPORT GENERAL PURPOSES OF THE ORGANIZATION.$1,000
MODESTO POLICE CANINE ASSOCIATION
600 10TH STREETMODESTOCA95354IndependentPFSUPPORT GENERAL PURPOSES OF THE ORGANIZATION.$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$34,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,616RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,859RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,475RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,475TotalIncomeProducingActyAmt

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 PersonDAN AND DENISE COSTAContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11204 COUNTRYVIEW DRIVEAddressLine1Txt
CityMODESTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd
FieldValueIRS element (for citing)
Total Contributions$20,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryCPACategoryTxt
Amt$1,525Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$15,019,836USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$15,045,664USGovtObligationsEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
FUNDRAISER EXPENSES$5,901
INSURANCE$352
Misc Fees$75

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