Castex Foundation
- Assets
- $8.0m
- Revenue
- $181.1k
- Investments
- $7.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 76-0699169
Organization Overview
Castex Foundation is located in Houston, TX. The organization was established in 2002. 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. Castex 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 12/2023, Castex Foundation generated $181.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Castex Foundation has awarded 26 individual grants totaling $2,648,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Stoika President | 0 | $0 | |
Ronald E Rinard Vice President | 0 | $0 | |
Laura P Holeman Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $296,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$115,778 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,400 |
| Total operating and administrative expenses | $63,523 |
| Contributions, gifts, grants paid | $1,302,100 |
| Total expenses and disbursements | $1,365,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,083 |
| Savings and temporary cash investments | $0 |
| 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 | $8,003,472 |
| 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, Castex Foundation has awarded $1,302,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TREES OF HOPE PURPOSE: TO SUPPORT THE CHARITABLE UNDERTAKING OF THE DONEE | $25,000 |
LIFEHOUSE OF HOUSTON PURPOSE: TO SUPPORT THE CHARITABLE UNDERTAKING OF THE DONEE | $12,700 |
MAIN STREET MINISTRIES PURPOSE: TO SUPPORT THE CHARITABLE UNDERTAKING OF THE DONEE | $10,000 |
LITERACY NOW PURPOSE: TO SUPPORT THE CHARITABLE UNDERTAKING OF THE DONEE | $338,400 |
STAR OF HOPE PURPOSE: TO SUPPORT THE CHARITABLE UNDERTAKING OF THE DONEE | $915,000 |
TOMBALL TEXAS MAYHEM PURPOSE: TO SUPPORT THE CHARITABLE UNDERTAKING OF THE DONEE | $1,000 |