Nonprofit · EIN 56-2148069
CASTELLOE FAMILY FOUNDATION INC
Tax-exempt · ASHEVILLE, NC 28815
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $79,538 | $472,044 | -$392,506 | $2,665,707 | $100,292 | $2,565,415 |
| December 31, 2023 | 990-PF | $79,292 | $439,491 | -$360,199 | $2,758,995 | $9,345 | $2,749,650 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $75,475
- Interest
- $4,063
Expenses
- Grants and similar amounts paid
- $168,994
- Compensation of officers, directors and key employees
- $201,416
- Disbursements for charitable purposes
- $470,023
- Excise tax on investment income
- $4,000
Balance sheet and other
- Total assets, start of year
- $2,758,995
- Total assets, end of year
- $2,665,707
- Total liabilities, end of year
- $100,292
- Net assets, end of year
- $2,565,415
- Fair market value of assets
- $3,554,977
- Qualifying distributions
- $470,023
- Net investment income
- $287,793
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Cheyenne Emmett 25 Jamie Hill Dr, Asheville, NC 28806 | Co-Exec Dir | 40 | $95,010 | $12,771 |
| Paul E Castelloe Jr 39 Ashley Road, Asheville, NC 28805 | President/Co-ED | 30 | $54,270 | $7,129 |
| Blair Castelloe Vanhook 4430 Laurel Hills Rd, Raleigh, NC 27612 | VP/Secetary/Treas | 3 | $52,136 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Cheyenne Emmett 25 Jamie Hill Dr, Asheville, NC 28806 | Co-Exec Dir | 40 | $98,089 | $10,519 |
| Paul E Castelloe Jr 39 Ashley Road, Asheville, NC 28805 | President/Co-ED | 30 | $51,077 | $7,531 |
| Blair Castelloe Vanhook 4430 Laurel Hills Rd, Raleigh, NC 27612 | VP/Secetary/Treas | 1 | $26,065 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9325, ASHEVILLE, NC 28815-0325
- In care of
- % PAUL E CASTELLOE JR
- Signed the 990-PF
- Paul E Castelloe Jr, President
- Phone
- (828) 407-8356
- Return prepared by
- CORLISS & SOLOMON PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2148069
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,665,707
- Income (IRS master file)
- $79,538
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $79,538 | $472,044 | $2,665,707 | IRS |
| 990-PF | December 2023 | $79,292 | $439,491 | $2,758,995 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2148069).
Questions about CASTELLOE FAMILY FOUNDATION INC
- What is the EIN of CASTELLOE FAMILY FOUNDATION INC?
- The employer identification number (EIN) of CASTELLOE FAMILY FOUNDATION INC is 56-2148069.
- Is CASTELLOE FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to CASTELLOE FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CASTELLOE FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CASTELLOE FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CASTELLOE FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CASTELLOE FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $95,010 (Cheyenne Emmett, Co-Exec Dir).
- How much revenue does CASTELLOE FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $79,538, expenses of $472,044 and total assets of $2,665,707 at year end.
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