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CASTLE FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CASTLE FOUNDATION INC (EIN 95-4827391)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-28
IRS object ID
202123019349100402
Schema version
2020v4.0
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)
Return2021-10-28T06:30:53-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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

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)
PersonDOROTHY P CASTLEPersonNm
Person TitleCEOPersonTitleTxt
Signature2021-10-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDOROTHY PPersonFirstNm
Person LastCASTLEPersonLastNm
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$776,224FMVAssetsEOYAmt
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$25,751DividendsRevAndExpnssAmt
Dividends Net Invst Incm$25,751DividendsNetInvstIncmAmt
Dividends Adj Net Incm$25,751DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$332NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$50,450GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$332CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$544NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$26,084TotalRevAndExpnssAmt
Total Net Invst Incm$26,084TotalNetInvstIncmAmt
Total Adj Net Incm$26,296TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$6,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$6,000AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$519TaxesRevAndExpnssAmt
Taxes Net Invst Incm$519TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$75OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$75OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$6,594TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,594TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$35,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$35,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,594TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,594TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,510ExcessRevenueOverExpensesAmt
Net Investment Income$19,490NetInvestmentIncomeAmt
Adjusted Net Income$26,296AdjustedNetIncomeAmt

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$99SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,506SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,506SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$792,547CorporateStockBOYAmt
Corporate Stock EOY$768,630CorporateStockEOYAmt
Corporate Stock EOYFMV$766,718CorporateStockEOYFMVAmt
Total Assets BOY$793,646TotalAssetsBOYAmt
Total Assets EOY$778,136TotalAssetsEOYAmt
Total Assets EOYFMV$776,224TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$793,646NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$793,646TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$778,136TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$793,646TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$778,136TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$793,646TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,510ExcessRevenueOverExpensesAmt
Subtotal$778,136SubtotalAmt
Tot Net Ast Or Fund Balances EOY$778,136TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
50.656 DOUBLELINE TOTAL RETURN BOND FUNDP2020-02-102020-09-01$544$544$544
880.130 DOUBLELINE TOTAL RETURN BOND FUNDP2011-03-212020-09-01$9,456-$278-$278$9,734
2,515.168 PIMCO INCOME FUND INST CLASSP2017-07-282020-11-20$30,000-$779-$779$30,779
919.117 VANGUARD SHORT-TERM TREASURYP2019-01-242020-09-01$10,000$395$395$9,605
Capital Gain Dividends$450
FieldValueIRS element (for citing)
Capital Gain Net Income$332CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$544NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$271InvestmentIncomeExciseTaxAmt
Subtotal$271SubtotalAmt
Tax Based On Investment Income$271TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$289ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$289TotalPaymentsAndCreditsAmt
Overpayment$18OverpaymentAmt
Applied To ES Tax$18AppliedToESTaxAmt

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 MIRAGECA92270CEO2.00$0
PATRICIA L BAMFORD
6 HAMTINE COURTSTAFFORDVA22554Secretary0.00$0
JENNIFER HAAS
74130 KINGSTON COURT EPALM DESERTCA92211CFO0.00$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$785,576AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,258AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$792,834TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$792,834AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,893CashDeemedCharitableAmt
Net Vl Noncharitable Assets$780,941NetVlNoncharitableAssetsAmt
Minimum Investment Return$39,047MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$39,047MinimumInvestmentReturnAmt
Tax Based On Investment Income$271TaxBasedOnInvestmentIncomeAmt
Total Tax$271TotalTaxAmt
Distributable Before Adj$38,776DistributableBeforeAdjAmt
Distributable Before Ded$38,776DistributableBeforeDedAmt
Distributable As Adjusted$38,776DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

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

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$38,776DistributableAsAdjustedAmt
Undistributed Income PY$34,984UndistributedIncomePYAmt
Qualifying Distributions$35,000QualifyingDistributionsAmt
Applied To Year1$34,984AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$16AppliedToCurrentYearAmt
Undistributed Income CY$38,760UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
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
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
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$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$25,751ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$332ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,084ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,084TotalIncomeProducingActyAmt

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$6,000Amt
Net Investment Income$6,000NetInvestmentIncomeAmt
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$200,038$194,124
PIMCO INCOME FUND INST CLASS$182,981$179,707
DOUBLELINE LOW DURATION BOND$100,159$100,658
FPA NEW INCOME FUND$99,581$100,856
VANGUARD SHORT-TERM INV TREAS$185,871$191,373

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEEDesc
Revenue And Expenses Per Books$75RevenueAndExpensesPerBooksAmt
Net Investment Income$75NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
CALIFORNIA TAXES$20$20
FEDERAL TAXES$499$499

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