Castelloe Family Foundation Inc
- Assets
- $3.2m
- Revenue
- $73.4k
- Investments
- $3.1m
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 56-2148069
Organization Overview
Castelloe Family Foundation Inc is located in Asheville, NC. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castelloe Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Castelloe Family Foundation Inc generated $73.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $479.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Castelloe Family Foundation Inc has awarded 50 individual grants totaling $1,084,866. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SELF-DEVELOPMENT / COOPERATIVE DEVELOPMENT / GRASSROOTS ORGANIZING SUPPORT WITH PODER EMMA COMMUNITY OWNERSHIP AND COLABORATIVA LA MILPA. TECHNICAL ASSISTANCE, COACHING, COMMUNITY-BASED RESEARCH. 24% OF OVERALL STAFF TIME.
EMMA ELEMENTARY / LEICESTER ELEMENTARY IN ASHEVILLE, NC. INCLUDES DEVELOPING / MAINTAINING A STAFF LOUNGE, A TEACHER SUPPLY CLOSET, EVENTS/ MEALS, AND A CLOTHING RESOURCE CLOSET FOR CHILDREN AND FAMILIES. 14% OF OVERALL STAFF TIME.
RESEARCH ON POSITIVE CHILDHOOD EXPERIENCES (PCES) (LITERATURE REVIEW / PLANNING / PRELIMINARY RESEARCH): EARLY STAGES OF A MAJOR RESEARCH PROJECT ON PCES AS A BUFFER TO CHILDHOOD TRAUMA. 9% OF OVERALL STAFF TIME.
4. SUPPORT FOR A WESTERN NC COOPERATIVE ECONOMY ECOSYSTEM (POWER OF THE COMMONS), A COLLABORATION BETWEEN THE INDUSTRIAL COMMONS AND PODER EMMA. TECHNICAL ASSISTANCE, COACHING, AND COMMUNITY-BASED RESEARCH. 3% OF OVERALL STAFF TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul E Castelloe Jr President/co-Ed | 30 | $62,761 | |
Cheyenne Emmett Co-Exec Dir | 40 | $87,655 | |
Blair Castelloe Vanhook Vp/secetary/treas | 1 | $6,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $981 |
| Dividends & Interest | $72,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $71,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,543 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,454 |
| Interest | $0 |
| Taxes | $13,043 |
| Depreciation | $0 |
| Occupancy | $33,834 |
| Travel, conferences, and meetings | $695 |
| Printing and publications | $0 |
| Other expenses | $8,987 |
| Total operating and administrative expenses | $232,230 |
| Contributions, gifts, grants paid | $247,511 |
| Total expenses and disbursements | $479,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,031 |
| Savings and temporary cash investments | $106,739 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,189,261 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Castelloe Family Foundation Inc has awarded $247,511 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NC STATE UNIVERSITY FOUNDATION PURPOSE: FOR COUNSELINGAND MENTAL HEALTHSERVICES | $20,000 |
NC STATE UNIVERSITY FOUNDATION PURPOSE: FOR SCHOLARSHIPSIN THE COLLEGEOF MANAGEMENT | $20,000 |
NC STATE STUDENT AID ASSOCIATION PURPOSE: FOR ATHLETIC SCHOLARSHIPSAND FACILITIES | $20,000 |
RONALD MCDONALD HOUSE PURPOSE: FOR "HOME AWAY FROMHOME" FOR ILL CHILDRENAND THEIR FAMILIES | $30,000 |
COLABORATIVA LA MILPA PURPOSE: FOR COMMUNITYSELF-DEVELOPMENTIN LOW-WELTH AREA. | $128,792 |
YMCA OF THE TRIANGLE AREA PURPOSE: FOR NURTURINGTHE POTENTIALOF CHILDREN | $10,000 |