Joseph Castrale & Johanna Pollack Foundation
- Assets
- $3.2m
- Revenue
- $72.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- Herrin, IL
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4196047
Organization Overview
Joseph Castrale & Johanna Pollack Foundation is located in Herrin, IL. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Joseph Castrale & Johanna Pollack Foundation 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, Joseph Castrale & Johanna Pollack Foundation generated $72.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $179.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph Castrale & Johanna Pollack Foundation has awarded 29 individual grants totaling $885,609. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Bank Of Herrin Trustee | 1 | $13,546 | |
Pastor Our Lady Mt Carmel Church Advisor | 0 | $0 | |
Joe Marlo Advisor | 0 | $0 | |
James Bleyer Advisor | 0 | $0 | |
Pastor St Pauls Catholic Church Advisor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,807 |
| Dividends & Interest | $44,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,387 |
| Capital Gain Net Income | $16,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,546 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $117 |
| Total operating and administrative expenses | $15,293 |
| Contributions, gifts, grants paid | $164,542 |
| Total expenses and disbursements | $179,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,262 |
| 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 | $3,034,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,204,377 |
| 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, Joseph Castrale & Johanna Pollack Foundation has awarded $164,542 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON MIDDLE SCHOOL PURPOSE: TEACHER ASSISTANCE/PAINT GYM | $35,042 |
ST PAUL'S CATHOLIC CHURCH PURPOSE: HVAC SYSTEMS | $26,000 |
OUR LADY OF MT CARMEL SCHOOL PURPOSE: SCHOOL CAMPAIGN FUND | $100,000 |
ZEIGLER ROYALTON SCHOOL PURPOSE: EDUCATIONAL | $3,500 |