CARLOS FUND: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CARLOS FUND (EIN 46-1592888)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-13
IRS object ID
202513179349102911
Schema version
2024v5.2
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)
Return2025-11-13T12:20:40-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Disaster Relief154DisasterReliefTxt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-11-13SignatureDt
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 PersonSTUART LEVYPreparerPersonNm
PTINP00424794PTIN
Phone3105401736PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,021,195FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,757,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$14,002InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14,002InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$14,002InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$13,538DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,538DividendsNetInvstIncmAmt
Dividends Adj Net Incm$13,538DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$224,145NetGainSaleAstRevAndExpnssAmt
Total Rev And Expnss$2,008,685TotalRevAndExpnssAmt
Total Net Invst Incm$27,540TotalNetInvstIncmAmt
Total Adj Net Incm$27,540TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$4,428OtherProfFeesRevAndExpnssAmt
Other Prof Fees Adj Net Incm$4,428OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$18,950TaxesRevAndExpnssAmt
Taxes Net Invst Incm$18,950TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$12,557OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$12,557OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$35,935TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,950TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$16,985TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,435TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,950TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$16,985TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$5,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,967,250ExcessRevenueOverExpensesAmt
Net Investment Income$8,590NetInvestmentIncomeAmt
Adjusted Net Income$10,555AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$36,552CashBOYAmt
Cash EOY$15,344CashEOYAmt
Cash EOYFMV$15,344CashEOYFMVAmt
Sav And Temp Cash Invst BOY$76,817SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$22,260SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$22,260SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,457,450CorporateStockBOYAmt
Corporate Stock EOY$996,031CorporateStockEOYAmt
Corporate Stock EOYFMV$996,031CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis$5,987,560InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$3,068,320LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$5,987,560LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$5,987,560LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$4,639,139TotalAssetsBOYAmt
Total Assets EOY$7,021,195TotalAssetsEOYAmt
Total Assets EOYFMV$7,021,195TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,639,139RetainedEarningBOYAmt
Retained Earning EOY$7,021,195RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,639,139TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,021,195TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,639,139TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,021,195TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,639,139TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,967,250ExcessRevenueOverExpensesAmt
Other Increases$414,806OtherIncreasesAmt
Subtotal$7,021,195SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,021,195TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$119InvestmentIncomeExciseTaxAmt
Subtotal$119SubtotalAmt
Tax Based On Investment Income$119TaxBasedOnInvestmentIncomeAmt
Tax Due$119TaxDueAmt
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 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)
Phone9497782219PhoneNum

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$119TaxBasedOnInvestmentIncomeAmt
Total Tax$119TotalTaxAmt
Distributable Before Adj$119DistributableBeforeAdjAmt
Distributable Before Ded$119DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,500ExpensesAndContributionsAmt
Qualifying Distributions$5,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,314ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,774ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$53,952ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$145,006ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,356,169ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,559,215TotalExcessDistributionCyovAmt
Qualifying Distributions$5,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$5,500RemainingDistriFromCorpusAmt
Total Corpus$1,564,715TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,314ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,563,401ExcessDistriCyovToNextYrAmt
Excess From Year4$2,774ExcessFromYear4Amt
Excess From Year3$53,952ExcessFromYear3Amt
Excess From Year2$145,006ExcessFromYear2Amt
Excess From Year1$1,356,169ExcessFromYear1Amt
Excess From Current Year$5,500ExcessFromCurrentYearAmt

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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ELEPHANT COOPERATION
110 AVENIDA PALIZADA SUITE 301SAN CLEMENTECA92672NONEPCGENERAL OPERATING SUPPORT$5,000
ORANGE COUNTY COMMUNITY FOUNDATON
4041 MACARTHUR BLVD SUITE 510NEWPORT BEACHCA92660NONEPCGENERAL OPERATING SUPPORT$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,002ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,538ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$224,145ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$251,685ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$251,685TotalIncomeProducingActyAmt

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

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Machinery and Equipment$63,063$63,063$63,063
Improvements$4,749,497$4,749,497$4,749,497
Land$1,175,000$1,175,000$1,175,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
PO BOX RENTAL$170$170
PROPERTY INSURANCE$12,387$12,387

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCHANGES ON INVESTMENTSDesc
Amt$414,806Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$4,428Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$4,428AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAX$336$336
FOREIGN TAX$825$825
PROPERTY TAX$17,714$17,714
STATE FILING FEES$75$75

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