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CASTLE FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
CASTLE FOUNDATION INC (EIN 95-4827391)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-06-06
IRS object ID
202221579349101012
Schema version
2021v4.0
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)
Return2022-06-06T10:21:32-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN274589892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eric W Martin CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line174-000 Country Club Dr Ste H-2AddressLine1Txt
CityPalm DesertCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92260ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-06-06SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$738,786FMVAssetsEOYAmt
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$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$16,767DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,767DividendsNetInvstIncmAmt
Dividends Adj Net Incm$16,767DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,024NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$43,222GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,024CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$17,792TotalRevAndExpnssAmt
Total Net Invst Incm$17,792TotalNetInvstIncmAmt
Total Adj Net Incm$16,768TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,000AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$299TaxesRevAndExpnssAmt
Taxes Net Invst Incm$299TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$20OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,119TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,319TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,119TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,319TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$26,327ExcessRevenueOverExpensesAmt
Net Investment Income$14,473NetInvestmentIncomeAmt
Adjusted Net Income$16,768AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,000CashBOYAmt
Cash EOY$1,000CashEOYAmt
Cash EOYFMV$1,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$8,506SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$7,388SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,388SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$768,630CorporateStockBOYAmt
Corporate Stock EOY$742,713CorporateStockEOYAmt
Corporate Stock EOYFMV$729,691CorporateStockEOYFMVAmt
Other Assets EOY$708OtherAssetsEOYAmt
Other Assets EOYFMV$707OtherAssetsEOYFMVAmt
Total Assets BOY$778,136TotalAssetsBOYAmt
Total Assets EOY$751,809TotalAssetsEOYAmt
Total Assets EOYFMV$738,786TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$778,136NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$751,809NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$778,136TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$751,809TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$778,136TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$751,809TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$778,136TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$26,327ExcessRevenueOverExpensesAmt
Subtotal$751,809SubtotalAmt
Tot Net Ast Or Fund Balances EOY$751,809TotNetAstOrFundBalancesEOYAmt

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
4,038.082 VANGUARD SHORT-TERM TREASURYP2019-01-242021-11-03$43,000$42,198$802$802
Capital Gain Dividends$222
FieldValueIRS element (for citing)
Capital Gain Net Income$1,024CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$201InvestmentIncomeExciseTaxAmt
Subtotal$201SubtotalAmt
Tax Based On Investment Income$201TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$18EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$18TotalPaymentsAndCreditsAmt
Tax Due$183TaxDueAmt
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 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 Line174000 COUNTRY CLUB DR SUITE H-2AddressLine1Txt
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 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 (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$764,896AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,242AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$707FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$774,845TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$774,845AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,623CashDeemedCharitableAmt
Net Vl Noncharitable Assets$763,222NetVlNoncharitableAssetsAmt
Minimum Investment Return$38,161MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$38,161MinimumInvestmentReturnAmt
Tax Based On Investment Income$201TaxBasedOnInvestmentIncomeAmt
Total Tax$201TotalTaxAmt
Distributable Before Adj$37,960DistributableBeforeAdjAmt
Distributable Before Ded$37,960DistributableBeforeDedAmt
Distributable As Adjusted$37,960DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,000ExpensesAndContributionsAmt
Qualifying Distributions$40,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,960DistributableAsAdjustedAmt
Undistributed Income PY$38,760UndistributedIncomePYAmt
Qualifying Distributions$40,000QualifyingDistributionsAmt
Applied To Year1$38,760AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,240AppliedToCurrentYearAmt
Undistributed Income CY$36,720UndistributedIncomeCYAmt

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$15,000
RANCHO MIRAGE PUBLIC LIBRARY FOUNDA
71-100 HIGHWAY 111RANCHO MIRAGECA92270NONEPCIN SUPPORT OF LOCAL LIBRARY$5,000
THE LIVING DESERT
47900 PORTOLA AVEPALM DESERTCA92260NONEPCIN FURTHERANCE OF ORGANIZATION'S WORK$15,000
RIVERSIDE COUNTY DEPT OF ANIMAL SER
6851 VAN BUREN BLVDRIVERSIDECA92509NONEPCCOACHELLA VALLEY ANIMAL CAMPUSE SPECIFICALLY TO CAT PROGRAM$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,767ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,024ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$17,792ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$17,792TotalIncomeProducingActyAmt

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)
CategoryERIC W. MARTIN, CPACategoryTxt
Amt$3,800Amt
Net Investment Income$3,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
DOUBLELINE TOTAL RETURN BOND FUND$206,558$195,116
PIMCO INCOME FUND INST CLASS$188,443$184,380
DOUBLELINE LOW DURATION BOND$102,080$101,556
FPA NEW INCOME FUND$100,815$101,682
VANGUARD SHORT-TERM INV TREAS$144,817$146,957

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
DIVIDEND RECEIVABLE$707$707
Rounding$1

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescCALIFORNIA SECRETARY OF STATE FEEDesc
Revenue And Expenses Per Books$20RevenueAndExpensesPerBooksAmt
Net Investment Income$20NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
CALIFORNIA TAXES$10$10
FEDERAL TAXES$289$289

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