Castellano Family Foundation
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $852.2k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 91-2164439
Organization Overview
Castellano Family Foundation is located in San Jose, CA. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Castellano Family 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 06/2022, Castellano Family Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Castellano Family Foundation has awarded 506 individual grants totaling $3,394,645. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria T West Treasurer | 1.5 | $0 | |
Alcario Castellano Emeritus Trustee | 1.5 | $0 | |
Carmela Castellano-Garcia President | 1.5 | $0 | |
Armando Castellano Secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $135 |
| Dividends & Interest | $32,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $669,593 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $366,797 |
| Total Revenue | $1,068,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $83,231 |
| Pension plans, employee benefits | $8,025 |
| Interest | $0 |
| Taxes | $7,014 |
| Depreciation | $0 |
| Occupancy | $11,412 |
| Travel, conferences, and meetings | $17,167 |
| Printing and publications | $0 |
| Other expenses | $23,784 |
| Total operating and administrative expenses | $210,351 |
| Contributions, gifts, grants paid | $834,000 |
| Total expenses and disbursements | $1,044,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,007 |
| 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 | $1,931 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,071,117 |
| 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, Castellano Family Foundation has awarded $834,000 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL OF ARTS & CULTURE MHP PURPOSE: YR 3 MULTIYEAR GRANT INSTALLMENT | $500,000 |
Mountain View, CA PURPOSE: LXL FUND YR2 CONTRIBUTION | $100,000 |
San Jose, CA PURPOSE: YR 2,3 MULTIYEAR RENEWAL GRANT | $30,000 |
MACLA - MOVIMIENTO DE ARTE Y CULTURA LATINO AMERICANA PURPOSE: YR2 RENEWAL GRANT | $25,000 |
SCHOOL OF ARTS & CULTURE MHP PURPOSE: GOS FOR EASTSIDE MAGAZINE | $25,000 |
CHICANA LATINA FOUNDATION PURPOSE: YR 1 MULTIYEAR RENEWAL GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Castellano Family Foundation has recieved totaling $28,750.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $28,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |