Castlewood Foundation

Tax-deductible

Chicago, IL501(c)(3)EIN 36-3309592

Support of activities conducted by the roman catholic prelature of opus dei: holy mass and other religious worship, spiritual guidance, retreats, theology classes, direction of apostolic activities, distribution of religious literature, services extended to the general public.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 10 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $5K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $399K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$673K
-18% vs prior year
Spent
$662K
To programs
74%
Net assets
$873K
By yearFY2020–FY2024
Revenue
$673K
FY2024▼ -18%
Revenue by fiscal year
FY2020$738K
FY2021$803K
FY2022$868K
FY2023$821K
FY2024$673K
Expenses
$662K
FY2024▼ -26%
Expenses by fiscal year
FY2020$749K
FY2021$787K
FY2022$833K
FY2023$898K
FY2024$662K
Net assets
$873K
FY2024▲ +1%
Net assets by fiscal year
FY2020$887K
FY2021$903K
FY2022$938K
FY2023$862K
FY2024$873K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCastlewood Foundation
EINHdr · item D36-3309592
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1984
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.castlewoodfdn.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.22 Fundraising $0.04
Program services74%$489K
Management & general22%$144K
Fundraising4%$28K
Total functional expensesLn 25$662K

Finances

Money in and out, what it owns and owes

Spent on programs
74%
of spending reaches programs▼ -7% vs prior filing year
Months of spending covered by cash
2.3mo
months of spending covered by cash and easy-to-sell investments▲ +360% vs prior filing year
Surplus or deficit
+2%
as % of revenue, this year▲ +117% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$875K
FY2024+0.2%
Total assets by fiscal year
FY2020$894K
FY2021$903K
FY2022$940K
FY2023$874K
FY2024$875K
Total liabilities
$2K
FY2024▼ -79%
Total liabilities by fiscal year
FY2020$7K
FY2021$0
FY2022$2K
FY2023$11K
FY2024$2K
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$875K
Spent on programsPt IX · col B74%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$124K
Total assetsLn 16$875K
Total liabilitiesLn 26$2K
Total net assetsLn 32$873K
Months of cash on handcomputed2.3

Statement of Revenue

Part VIII
Contributions & grants$450K · 67%
Program service revenue$221K · 33%
Contributions & grants67%$450K
Program service revenue33%$221K
Investment income$200
Other revenue$1K
Total revenueLn 12$673K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $124K · Operating expenses/yr $662K
2.3 months
Where the money goes
Program services
Program services $489K · Total expenses $662K
74%
Management & General
Management & general $144K · Total expenses $662K
22%
Fundraising
Fundraising $28K · Total expenses $662K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $523K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $450K · Total revenue $673K
67%
Government reliance
Government grants — · Total revenue $673K
—
Earned-income share
Program service revenue $221K · Total revenue $673K
33%
Investment reliance
Investment income $200 · Total revenue $673K
+0.03%
Program self-sufficiency
Program service revenue $221K · Total expenses $662K
33%
Growth & trend
Revenue change from last year
This year $673K · Prior year $821K
-18%
Revenue, average yearly change over 5 years
FY2020 $738K · FY2024 $673K
-2%
Net assets change over the year
End of year $873K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $673K · Expenses $662K
+2%
Debts compared to what it owns
Total liabilities — · Total assets $875K
—
Net assets compared to what it owns
Net assets $873K · Total assets $875K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $875K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Timothy Barry · Reported title SECRETARY/TR · Highest reported compensation $7K · Total expenses $662K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $198K · Total expenses $662K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 74%——
Spent on management, % of spending 22%——
Fundraising cost, % of gifts 6%——
Revenue growth -18%——
Accounting fees, % of spending 0.1%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Tr
$6,900Pt VII · Sec A
Vice Preside
$6,900Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Timothy Barry$6,900$3,850———
William M Kipp$6,900$6,600$6,120$5,940$5,700
Gregory G Giebler——$6,120$5,940$5,700
Charles D Cushnie——$4,590$5,940$5,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Castlewood Foundation executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports religious worship, spiritual guidance, education, and outreach for the Catholic Prelature of Opus Dei.

Provided by the organization

This section is blank until Castlewood Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $489K of program spending, described in the organization's own filed words · FY2024.
01

Support of activities conducted by the roman catholic prelature of opus dei: holy mass and other religious worship, spiritual guidance, retreats, theology classes, direction of apostolic activities, distribution of religious literature, services extended to the general public.

$489Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$399K
Grants paid · 8 grants · $123K · 2020–2024
Rosemoor Foundation INCNY · FY2024$7,425
Sauganash Study Center INCIL · FY2023$48,200
Rosemoor Foundation INCNY · FY2023$9,900
Rosemoor Foundation INCNY · FY2022$9,900
Rosemoor Foundation INCNY · FY2021$9,900
Rosemoor Foundation INCNY · FY2020$9,900

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $673K$662K-18% 990 PDF
FY2023 $821K$898K-5% 990 PDF
FY2022 $868K$833K+8% 990 PDF
FY2021 $803K$787K+9% 990 PDF
FY2020 $738K$749K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $672,544 across 6 lines filed
Lines not itemized here account for −$240 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$449,707
VIII-1h Total contributions, gifts and grants$449,707
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $221,470$221,470
VIII-7 Net gain or loss on sales of assetsExcluded from tax $200$200
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,407$1,407
VIII-12 Total revenueRelated to mission $222,637 · Excluded from tax $200$672,544
Part IX · Statement of functional expenses $661,912 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $7,425$7,425
IX-5 Pay of current officers, directors and key staffPrograms $59,518 · Management $66,132 · Fundraising $6,614$132,264
IX-7 Other salaries and wagesPrograms $49,146 · Management $5,782 · Fundraising $2,891$57,819
IX-9 Other employee benefitsPrograms $2,376 · Management $2,640 · Fundraising $264$5,280
IX-10 Payroll taxesPrograms $1,831 · Management $1,116 · Fundraising $155$3,102
IX-11c Accounting feesManagement $991$991
IX-11g Other fees for servicesManagement $4,746$4,746
IX-12 Advertising and promotionPrograms $117 · Management $105 · Fundraising $12$234
IX-13 Office expensesPrograms $2,342 · Management $1,851 · Fundraising $209$4,402
IX-14 Information technologyPrograms $7,892 · Management $7,103 · Fundraising $789$15,784
IX-16 OccupancyPrograms $172,286 · Management $20,269 · Fundraising $10,134$202,689
IX-17 TravelPrograms $42,783 · Management $13,534 · Fundraising $3,007$59,324
IX-19 Conferences, conventions and meetingsPrograms $28,330$28,330
IX-20 InterestPrograms $79 · Management $9 · Fundraising $5$93
IX-22 Depreciation, depletion and amortizationPrograms $69,619 · Management $8,190 · Fundraising $4,095$81,904
IX-23 InsurancePrograms $184 · Management $2,712 · Fundraising $16$2,912
IX-24 Other expenses (24a–d)Programs $45,243 · Management $9,052 · Fundraising $297$54,592
IX-24e All other expensesPrograms $20 · Management $1$21
IX-25 Total functional expensesPrograms $489,191 · Management $144,233 · Fundraising $28,488$661,912
Part X · Balance sheet $875,257 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $40,581$124,141
X-4 Accounts receivableStart of year $429$397
X-10c Land, buildings and equipment, netStart of year $832,624$750,719
X-16 Total assetsStart of year $873,634$875,257
X-17 Accounts payable and accrued expensesStart of year $11,467$2,458
X-26 Total liabilitiesStart of year $11,467$2,458
X-27 Net assets without donor restrictionsStart of year $862,167$872,141
X-28 Net assets with donor restrictions$658
X-32 Total net assets or fund balancesStart of year $862,167$872,799
X-33 Total liabilities and net assetsStart of year $873,634$875,257
Part XI · Reconciliation of net assets $872,799 net assets at year end
XI-1 Total revenue$672,544
XI-2 Total expenses$661,912
XI-3 Revenue less expenses$10,632
XI-4 Net assets at start of year$862,167
XI-10 Net assets at end of year$872,799

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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