Castelloe Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $96.5k
- Investments
- $3.3m
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 08/1999
- Data as of
- 12/2021
- 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 12/2021, Castelloe Family Foundation Inc generated $96.5k 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 $406.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Castelloe Family Foundation Inc has awarded 38 individual grants totaling $809,355. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. 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. 27% OF OVERALL STAFF TIME.
2. COMMUNITY SELF-DEVELOPMENT / COOPERATIVE DEVELOPMENT / GRASSROOTS ORGANIZING SUPPORT WITH PODER EMMA COMMUNITY OWNERSHIP AND COLABORATIVA LA MILPA. TECHNICAL ASSISTANCE, COACHING, COMMUNITY-BASED RESEARCH. 12% OF OVERALL STAFF TIME.
3. TEACHER RETENTION SUPPORT AT 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. 6% 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. COACHING, AND COMMUNITY-BASED RESEARCH. 4% OF OVERALL STAFF TIME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheyenne Emmett Co-Exec Dir | 40 | $80,319 | |
Paul E Castelloe Jr President/co-Ed | 30 | $56,794 | |
Blair Castelloe Vanhook Vp/secetary/treas | 1 | $736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $195 |
| Dividends & Interest | $96,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $62,739 |
| Net ST Capital Gain | $2,660 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $137,849 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,273 |
| Interest | $0 |
| Taxes | $12,868 |
| Depreciation | $0 |
| Occupancy | $29,122 |
| Travel, conferences, and meetings | $1,559 |
| Printing and publications | $0 |
| Other expenses | $21,089 |
| Total operating and administrative expenses | $223,692 |
| Contributions, gifts, grants paid | $182,312 |
| Total expenses and disbursements | $406,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,451 |
| Savings and temporary cash investments | $4,618 |
| 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 | $25,000 |
| 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 | $3,523,594 |
| 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 $182,312 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Asheville, NC PURPOSE: FOR EARLYCHILDHOODEDUCATION SUPPORT | $70,000 |
RONALD MCDONALD HOUSE PURPOSE: FOR "HOME AWAY FROMHOME" FOR ILL CHILDRENAND THEIR FAMILIES | $30,000 |
NC STATE STUDENT AID ASSOCIATION PURPOSE: FOR ATHLETIC SCHOLARSHIPSAND FACILITIES | $20,000 |
NC STATE UNIVERSITY FOUNDATION PURPOSE: FOR COUNSELINGAND MENTAL HEALTHSERVICES | $20,000 |
NC STATE UNIVERSITY FOUNDATION PURPOSE: FOR SCHOLARSHIPSIN THE COLLEGEOF MANAGEMENT | $20,000 |
YMCA OF THE TRIANGLE AREA PURPOSE: FOR NURTURINGTHE POTENTIALOF CHILDREN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |