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CASTLE FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CASTLE FOUNDATION INC (EIN 95-4827391)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-08-21
IRS object ID
202022349349100112
Schema version
2019v5.0
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)
Return2020-08-21T14:53:53-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-08-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEric W MartinPreparerPersonNm
PTINP01203609PTIN
Phone7607764321PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$785,827FMVAssetsEOYAmt
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$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$29,111DividendsRevAndExpnssAmt
Dividends Net Invst Incm$29,111DividendsNetInvstIncmAmt
Dividends Adj Net Incm$29,111DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$5,422NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$383,698GrossSalesPriceAmt
Net ST Capital Gain Adj Net Incm$2,900NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$12OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$12OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$23,707TotalRevAndExpnssAmt
Total Net Invst Incm$29,129TotalNetInvstIncmAmt
Total Adj Net Incm$32,017TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$310LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$310LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,750AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$2,272OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,272OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$30OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,362TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,332TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,362TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,332TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$16,345ExcessRevenueOverExpensesAmt
Net Investment Income$21,797NetInvestmentIncomeAmt
Adjusted Net Income$32,017AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$277CashBOYAmt
Cash EOY$1,000CashEOYAmt
Cash EOYFMV$1,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$353SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$99SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$99SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$776,440CorporateStockBOYAmt
Corporate Stock EOY$792,547CorporateStockEOYAmt
Corporate Stock EOYFMV$784,728CorporateStockEOYFMVAmt
Other Assets BOY$543OtherAssetsBOYAmt
Total Assets BOY$777,613TotalAssetsBOYAmt
Total Assets EOY$793,646TotalAssetsEOYAmt
Total Assets EOYFMV$785,827TotalAssetsEOYFMVAmt
Deferred Revenue BOY$312DeferredRevenueBOYAmt
Total Liabilities BOY$312TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$777,301NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$777,301TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$793,646TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$777,613TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$793,646TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$777,301TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$16,345ExcessRevenueOverExpensesAmt
Subtotal$793,646SubtotalAmt
Tot Net Ast Or Fund Balances EOY$793,646TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
FIRST REPUBLIC INVESTMENT MANAGEMENTP2019-01-012019-01-01$192,535$189,635$2,900$2,900
FIRST REPUBLIC INVESTMENT MANAGEMENTP2017-12-312019-12-31$189,663$197,876-$8,213-$8,213
94.518 DOUBLELINE TOTAL RETURN BOND FUNDP2012-07-232019-03-27$1,000$1,071-$71-$71
47.483 DOUBLELINE TOTAL RETURN BOND FUNDP2012-07-232019-04-29$500$538-$38-$38
FieldValueIRS element (for citing)
Capital Gain Net Income-$5,422CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,900NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$26,913AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$758,873NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.03546DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$774,845NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3$41,365AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$797,458NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05187DistributionYr3Rt
Adjusted Qlfy Distri Yr4$16,045AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$728,274NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.02203DistributionYr4Rt
Adjusted Qlfy Distri Yr5$10,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$719,487NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.01390DistributionYr5Rt
Total Distribution0.123266TotalDistributionRt
Average Distribution0.024653AverageDistributionRt
Net Vl Noncharitable Assets$757,107NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$18,665AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$218NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$18,883AdjNonchrtblNetInvstIncmPctAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$436InvestmentIncomeExciseTaxAmt
Subtotal$436SubtotalAmt
Tax Based On Investment Income$436TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$226EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$499ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$725TotalPaymentsAndCreditsAmt
Overpayment$289OverpaymentAmt
Applied To ES Tax$289AppliedToESTaxAmt

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
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$767,500AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$865AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$272FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$768,637TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$768,637AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,530CashDeemedCharitableAmt
Net Vl Noncharitable Assets$757,107NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,855MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,855MinimumInvestmentReturnAmt
Tax Based On Investment Income$436TaxBasedOnInvestmentIncomeAmt
Total Tax$436TotalTaxAmt
Distributable Before Adj$37,419DistributableBeforeAdjAmt
Distributable Before Ded$37,419DistributableBeforeDedAmt
Distributable As Adjusted$37,419DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,419DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$811ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,624ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$2,435TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$2,435ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,435ExcessDistributionCyovAppCYAmt
Undistributed Income CY$34,984UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$29,111ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$5,422ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Related Or Exempt Function Incm$12RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$23,695ExclusionAmt
Related Or Exempt Function Incm$12RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$23,707TotalIncomeProducingActyAmt

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)
CategoryMILLER KAPLAN ARASE LLPCategoryTxt
Amt$4,750Amt
Net Investment Income$4,750NetInvestmentIncomeAmt
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$202,997$196,008
PIMCO INCOME FUND INST CLASS$203,597$198,423
DOUBLELINE LOW DURATION BOND$97,715$98,580
FPA NEW INCOME FUND$97,418$98,385
VANGUARD SHORT-TERM INV TREAS$190,820$193,332

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryJMBM LLPCategoryTxt
Legal Fees$310LegalFeesAmt
Net Investment Income$310NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEEDesc
Revenue And Expenses Per Books$30RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Revenue And Expenses Per Books$12RevenueAndExpensesPerBooksAmt
Net Investment Income$12NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryFIRST REPUBLIC SECURITIES ADVISORY FEESCategoryTxt
Amt$2,272Amt
Net Investment Income$2,272NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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