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Castell Project INC FY2021 filing

Atlanta, GAUnknown exempt organization EIN 81-4388182Revenue $218K in FY2021

On file with the IRScastellproject.org1111 Rosedale Drive Ne · Atlanta, GA

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Leadership training and benchmark research to improve diversity in hospitality industry leadership.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $37K a year · 27% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
+38% vs prior year
Spent
$279K
To programs
96%
Net assets
$148K
By yearFY2020–FY2022
Revenue
$218K
FY2021▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$157K
FY2021$218K
FY2022$36K
Expenses
$279K
FY2021▲ +290%
Tap a bar for its year
Expenses by fiscal year
FY2020$71K
FY2021$279K
FY2022$172K
Net assets
$148K
FY2021▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$207K
FY2021$148K
FY2022$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $266K Management & general 4% · $11K Fundraising 0% · $1K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Talene Staab
Director
$0Pt VII · Sec A
Fern Kanter
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kirk Kinsell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Castell Project INC executive salaries →

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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 15aYes

Programs and updates

Improves hospitality leadership diversity through training and research.

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Provided by the organization

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3 programs · $229K · in their own filed words · FY2021
01

300. Training: Develop training programs for executive women in the hospitality industry leading to upper level careers.

$130Kprogram expense
02

700 Fortunas Table: make hotel ownership accessible to more women.

$65Kprogram expense
03

500. @ College: Bring panels of executive women to colleges and universities to expose college students to high level careers in many facets of the industry and explain that strong careers deliver strong resources for families.

$34Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2019
Fidelity Investments Charitable Gift FundFY2019$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$116K
Fees for servicesLn 2g$101K
Investment incomeLn 3$508
Money outPt IX
$279K
Ln 25
Programscol B$266K
Managementcol C$11K
Fundraisingcol D$1K
Owns and owesPt X
$148K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$160K
LiabilitiesLn 26$11K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Fees for servicesLn 2g$101K
Investment incomeLn 3$508
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
Total assetsLn 16$160K
LiabilitiesLn 26$11K
Net assetsLn 32$148K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$219K$117K
Total assetsLn 16$219K$160K
LiabilitiesLn 26$12K$11K
Net assetsLn 32$207K$148K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$188K$183K$4K$246
Office expensesLn 13$83K$75K$7K$825
Information technologyLn 14$8K$8K
Total functional expensesLn 25$279K$266K$11K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $36K$172K−$136K$0 990 PDF
FY2021 Viewing $218K$279K−$61K$148K 990 PDF
FY2020 $157K$71K$86K$207K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $217,554 revenue, 12 lines filed
I-8 Contributions and grants$115,595
I-9 Program service revenue$101,451
I-10 Investment income$508
I-11 Other revenue$0
I-12 Total revenue$217,554
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$278,521
I-18 Total expenses$278,521
I-19 Revenue less expenses−$60,967
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $217,554 across 5 lines filed
VIII-1f All other contributions, gifts and grants$115,595
VIII-1h Total contributions, gifts and grants$115,595
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,451$101,451
VIII-3 Investment incomeRelated to mission $508$508
VIII-12 Total revenueRelated to mission $101,959 · Unrelated business $0 · Excluded from tax $0$217,554
Part IX · Statement of functional expenses $278,521 across 3 lines filed
IX-11g Other fees for servicesPrograms $183,289 · Management $4,494 · Fundraising $246$188,029
IX-13 Office expensesPrograms $75,208 · Management $6,589 · Fundraising $825$82,622
IX-14 Information technologyPrograms $7,870$7,870
IX-25 Total functional expensesPrograms $266,367 · Management $11,083 · Fundraising $1,071$278,521
Part X · Balance sheet $159,656 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $219,303$116,633
X-4 Accounts receivable$43,023
X-16 Total assetsStart of year $219,303$159,656
X-17 Accounts payable and accrued expensesStart of year $12,380$11,200
X-26 Total liabilitiesStart of year $12,380$11,200
X-27 Net assets without donor restrictionsStart of year $206,923$148,456
X-32 Total net assets or fund balancesStart of year $206,923$148,456
X-33 Total liabilities and net assetsStart of year $219,303$159,656
Part XI · Reconciliation of net assets $148,456 net assets at year end
XI-1 Total revenue$217,554
XI-2 Total expenses$278,521
XI-3 Revenue less expenses−$60,967
XI-4 Net assets at start of year$206,923
XI-9 Other changes in net assets$2,500
XI-10 Net assets at end of year$148,456

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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