Castlewood Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)EIN 36-3309592Revenue $738K in FY2020

On file with the IRScastlewoodfdn.org5800 N Keating Ave, 60646-6615 · Chicago, ILTax-exempt since Dec 1984Publicly supported charity — 170(b)(1)(A)(vi)

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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.
76¢ of each $1 spent went to programs.
$17K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$17K
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
1 mo
of spending, in cash
Fine: 1.4 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
$7K
0.8% of total assets
Looks good: liabilities are 1% 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
$738K
Spent
$749K
To programs
76%
Net assets
$887K
By yearFY2020–FY2024
Revenue
$738K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$738K
FY2021$803K
FY2022$868K
FY2023$821K
FY2024$673K
Expenses
$749K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$749K
FY2021$787K
FY2022$833K
FY2023$898K
FY2024$662K
Net assets
$887K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$887K
FY2021$903K
FY2022$938K
FY2023$862K
FY2024$873K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $567K Management & general 20% · $150K Fundraising 4% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $17K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Tr
$5,700Pt VII · Sec A
$5,700Pt VII · Sec A
Vice Preside
$5,700Pt VII · Sec A
Vice Preside
$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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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Provided by the organization

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1 program · $567K · in their own filed words · FY2020
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.

$567Kprogram expense

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$738K
Ln 12
Gifts and grantsLn 1h$470K
Fees for servicesLn 2g$267K
Other incomeLn 4–11$430
Money outPt IX
$749K
Ln 25
Programscol B$567K
Managementcol C$150K
Fundraisingcol D$33K
Owns and owesPt X
$887K
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$894K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$470K
Fees for servicesLn 2g$267K
Other incomeLn 4–11$430
Total revenueLn 12$738K
Assets in detailPt X, end of year
CashLn 1$85K
Cash and savings togetherLn 1–2$85K
Land, buildings, equipmentLn 10c$806K
Total assetsLn 16$894K
LiabilitiesLn 26$7K
Net assetsLn 32$887K
OperationsPt I, VI
EmployeesI 56
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$68K$85K
Land, buildings, equipmentLn 10c$827K$806K
Total assetsLn 16$899K$894K
LiabilitiesLn 26$800$7K
Net assetsLn 32$898K$887K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of current officers, directors and key staffLn 5$125K$56K$63K$6K
Other salaries and wagesLn 7$45K$38K$4K$2K
Other employee benefitsLn 9$10K$8K$969$485
Payroll taxesLn 10$3K$2K$1K$135
Accounting feesLn 11c$531$531
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$3K$1K$1K$142
Office expensesLn 13$12K$6K$5K$510
Information technologyLn 14$13K$7K$6K$667
OccupancyLn 16$274K$233K$27K$14K
TravelLn 17$50K$28K$18K$4K
Conferences, conventions and meetingsLn 19$44K$44K
InterestLn 20$3$3
Depreciation, depletion and amortizationLn 22$80K$68K$8K$4K
InsuranceLn 23$600$346$224$30
Other expenses (24a–d)Ln 24$76K$64K$11K$417
All other expensesLn 24e$111$105$6
Total functional expensesLn 25$749K$567K$150K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $673K$662K$11K$873K 990 PDF
FY2023 $821K$898K−$77K$862K 990 PDF
FY2022 $868K$833K$35K$938K 990 PDF
FY2021 $803K$787K$15K$903K 990 PDF
FY2020 Viewing $738K$749K−$11K$887K 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
See the full FY2020 990 (6 parts)
Part I · Summary $738,335 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $595,810$470,433
I-9 Program service revenuePrior year $210,498$267,472
I-10 Investment incomePrior year $300$0
I-11 Other revenuePrior year $1,239$430
I-12 Total revenuePrior year $807,847$738,335
I-13 Grants and similar amounts paidPrior year $9,900$9,900
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $174,872$182,322
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $559,337$556,965
I-18 Total expensesPrior year $744,109$749,187
I-19 Revenue less expensesPrior year $63,738−$10,852
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $738,335 across 4 lines filed
Lines not itemized here account for $430 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$470,433
VIII-1h Total contributions, gifts and grants$470,433
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $267,472$267,472
VIII-12 Total revenueRelated to mission $267,902$738,335
Part IX · Statement of functional expenses $749,187 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $9,900$9,900
IX-5 Pay of current officers, directors and key staffPrograms $56,418 · Management $62,685 · Fundraising $6,270$125,373
IX-7 Other salaries and wagesPrograms $37,877 · Management $4,456 · Fundraising $2,228$44,561
IX-9 Other employee benefitsPrograms $8,237 · Management $969 · Fundraising $485$9,691
IX-10 Payroll taxesPrograms $1,555 · Management $1,007 · Fundraising $135$2,697
IX-11c Accounting feesManagement $531$531
IX-11g Other fees for servicesManagement $2,463$2,463
IX-12 Advertising and promotionPrograms $1,425 · Management $1,282 · Fundraising $142$2,849
IX-13 Office expensesPrograms $6,071 · Management $5,361 · Fundraising $510$11,942
IX-14 Information technologyPrograms $6,670 · Management $6,003 · Fundraising $667$13,340
IX-16 OccupancyPrograms $233,223 · Management $27,438 · Fundraising $13,719$274,380
IX-17 TravelPrograms $28,404 · Management $17,663 · Fundraising $3,925$49,992
IX-19 Conferences, conventions and meetingsPrograms $44,265$44,265
IX-20 InterestPrograms $3$3
IX-22 Depreciation, depletion and amortizationPrograms $68,250 · Management $8,029 · Fundraising $4,015$80,294
IX-23 InsurancePrograms $346 · Management $224 · Fundraising $30$600
IX-24 Other expenses (24a–d)Programs $64,294 · Management $11,484 · Fundraising $417$76,195
IX-24e All other expensesPrograms $105 · Management $6$111
IX-25 Total functional expensesPrograms $567,043 · Management $149,601 · Fundraising $32,543$749,187
Part X · Balance sheet $894,331 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $67,623$85,167
X-4 Accounts receivableStart of year $4,420$2,846
X-10c Land, buildings and equipment, netStart of year $826,940$806,318
X-16 Total assetsStart of year $898,983$894,331
X-24 Unsecured notes and loans payable$7,000
X-26 Total liabilitiesStart of year $800$7,000
X-27 Net assets without donor restrictionsStart of year $870,385$887,331
X-32 Total net assets or fund balancesStart of year $898,183$887,331
X-33 Total liabilities and net assetsStart of year $898,983$894,331
Part XI · Reconciliation of net assets $887,331 net assets at year end
XI-1 Total revenue$738,335
XI-2 Total expenses$749,187
XI-3 Revenue less expenses−$10,852
XI-4 Net assets at start of year$898,183
XI-10 Net assets at end of year$887,331

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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