BETA

CARLOS FUND: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CARLOS FUND (EIN 46-1592888)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202333199349108968
Schema version
2022v5.0
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)
Return2023-11-15T16:19:59-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAMYPersonFirstNm
Person LastMACKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTUART LEVYPreparerPersonNm
PTINP00424794PTIN
Phone3105401736PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,049,561FMVAssetsEOYAmt
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$1,933InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,933InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$14,371DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,371DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$107,397NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$432,906GrossSalesPriceAmt
Total Rev And Expnss-$91,093TotalRevAndExpnssAmt
Total Net Invst Incm$16,304TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,758AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,879AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$12,258TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,788TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,889OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,889OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$17,905TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,667TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,889TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$153,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$153,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$171,055TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,667TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$155,039TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$262,148ExcessRevenueOverExpensesAmt
Net Investment Income$12,637NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,312CashBOYAmt
Cash EOY$17,268CashEOYAmt
Cash EOYFMV$17,268CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,225,494SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,368,915SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,368,915SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,426,994CorporateStockBOYAmt
Corporate Stock EOY$917,170CorporateStockEOYAmt
Corporate Stock EOYFMV$917,170CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis$1,746,208InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$1,617,430LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$1,746,208LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$1,746,208LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$4,281,230TotalAssetsBOYAmt
Total Assets EOY$4,049,561TotalAssetsEOYAmt
Total Assets EOYFMV$4,049,561TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,281,230RetainedEarningBOYAmt
Retained Earning EOY$4,049,561RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,281,230TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,049,561TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,281,230TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,049,561TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,281,230TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$262,148ExcessRevenueOverExpensesAmt
Subtotal$4,019,082SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,019,082TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
EXXON MOBIL CORPP2021-12-312022-03-04$273,675$264,056$9,619$9,619
META PATFORMSP2021-12-312022-08-01$159,231$276,247-$117,016-$117,016
FieldValueIRS element (for citing)
Capital Gain Net Income-$107,397CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$107,397NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$176InvestmentIncomeExciseTaxAmt
Subtotal$176SubtotalAmt
Tax Based On Investment Income$176TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,075EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,075TotalPaymentsAndCreditsAmt
Overpayment$2,899OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$2,899RefundAmt

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$1,510,774AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,311,495AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,822,269TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,822,269AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$42,334CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,779,935NetVlNoncharitableAssetsAmt
Minimum Investment Return$138,997MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$138,997MinimumInvestmentReturnAmt
Tax Based On Investment Income$176TaxBasedOnInvestmentIncomeAmt
Total Tax$176TotalTaxAmt
Distributable Before Adj$138,821DistributableBeforeAdjAmt
Distributable Before Ded$138,821DistributableBeforeDedAmt
Distributable As Adjusted$138,821DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$155,039ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$128,788CharitableAssetsAcquisPaidAmt
Qualifying Distributions$283,827QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$138,821DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$1,096,518ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,314ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,774ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$53,952ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,154,558TotalExcessDistributionCyovAmt
Qualifying Distributions$283,827QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$138,821AppliedToCurrentYearAmt
Remaining Distri From Corpus$145,006RemainingDistriFromCorpusAmt
Total Corpus$1,299,564TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,299,564ExcessDistriCyovToNextYrAmt
Excess From Year4$1,096,518ExcessFromYear4Amt
Excess From Year3$1,314ExcessFromYear3Amt
Excess From Year2$2,774ExcessFromYear2Amt
Excess From Year1$53,952ExcessFromYear1Amt
Excess From Current Year$145,006ExcessFromCurrentYearAmt

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 (7 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
ELEPHANT COOPETATION
110 AVENIDA PALIZADA SUITE 301SAN CLEMENTECA92672NONEPCGENERAL OPERATING SUPPORT$10,000
FRIENDS OF NEWPORT BEACH ANIMAL SHE
PO BOX 10791NEWPORT BEACHCA92658NONEPCGENERAL OPERATING SUPPORT$500
ORANGE COUNTY COMMUNITY FOUNDATON
4041 MACARTHUR BLVD SUITE 510NEWPORT BEACHCA92660NONEPCGENERAL OPERATING SUPPORT$150
PACIFIC MARINE MAMMAL CENTER
20612 LAGUNA CANYON ROADLAGUNA BEACHCA92651NONEPCGENERAL OPERATING SUPPORT$2,500
UNCONDITIONAL INC
PO BOX 483LAGUNA BEACHCA92652NONEPCGENERAL OPERATING SUPPORT$125,000
WAGS WALKS
2236 FEDERAL AVENUELOS ANGELESCA90064NONEPCGENERAL OPERATING SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$153,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,933ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,371ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$107,397RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,304ExclusionAmt
Related Or Exempt Function Incm-$107,397RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$91,093TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$3,758Amt
Net Investment Income$1,879NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (2 entries)

Category Or ItemCategoryOrItemTxtEOYFMVEOYFMVAmtCost Or Other BasisCostOrOtherBasisAmtBook ValueBookValueAmt
Improvements$571,208
Land$1,175,000$1,746,208$1,746,208

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PO BOX RENTAL$156$156
PROPERTY INSURANCE$1,368$1,368
PROPERTY OTHER MAINTENANCE$365$365

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$1,788$1,788
PROPERTY TAX$10,445
STATE FILING FEES$25

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.