Castleman Family Foundation
Castleman Family Foundation maintains strong asset growth with minimal liabilities and no reported officer compensation.
EIN: 205393405 · Reno, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $674K |
| Program Spending | 85% |
| Net Assets | $12.9M |
| Transparency Score | 85/100 |
Is Castleman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Castleman Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Castleman Family Foundation
Castleman Family Foundation (EIN: 205393405) is a nonprofit organization based in Reno, NV, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Castleman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Castleman Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $674K |
| Surplus / Deficit | +$954K |
| Total Assets | $12.9M |
| Total Liabilities | $1 |
| Net Assets | $12.9M |
| Operating Margin | 58.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 230.6 months |
Financial Health Grade: A
In 2023, Castleman Family Foundation reported a surplus of $954K with revenue exceeding expenses, holds 230.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Castleman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 33.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.0% | +11.1% | +25.0% |
| 2022 | +44.3% | +10.2% | +5.1% |
| 2021 | -51.9% | -9.5% | +0.7% |
| 2020 | +57.1% | +5.7% | +14.5% |
| 2019 | -30.5% | +15.4% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Castleman Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Castleman Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $954K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation operates with either entirely volunteer leadership or very minimal, uncompensated executive roles, which is highly efficient for a foundation of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Castleman Family Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in public filings
- Significant asset accumulation relative to reported expenses could indicate lower immediate charitable distribution
Strengths
The following positive indicators were identified for Castleman Family Foundation:
- Strong and growing asset base ($13,843,101 latest assets)
- Consistently low liabilities ($1 in recent years)
- Zero reported officer compensation, indicating highly efficient leadership costs
- Consistent revenue generation, with latest revenue at $1,785,306
- Long history of IRS 990 filings, demonstrating transparency over time
Frequently Asked Questions about Castleman Family Foundation
Is Castleman Family Foundation a legitimate charity?
Castleman Family Foundation (EIN: 205393405) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Castleman Family Foundation spend its money?
Castleman Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Castleman Family Foundation tax-deductible?
Castleman Family Foundation is registered as a tax-exempt nonprofit (EIN: 205393405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Castleman Family Foundation's spending goes to programs?
Castleman Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Castleman Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Castleman Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Castleman Family Foundation located?
Castleman Family Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 205393405. It is classified under NTEE code T22.
How many years of IRS 990 filings does Castleman Family Foundation have?
Castleman Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
What are the specific program activities funded by the Castleman Family Foundation?
The provided data does not detail specific program activities. Further investigation into their public statements or grant recipient lists would be necessary to understand their mission-related expenditures.
How does the foundation manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, or that the compensation is below the reporting threshold. This indicates a very lean operational structure.
Is the foundation primarily focused on grantmaking or direct program services?
Without a detailed breakdown of expenses, it's difficult to ascertain if the foundation primarily engages in grantmaking or direct program services. Given its 'Family Foundation' designation and NTEE code T22 (Private Grantmaking Foundations), it is likely focused on grantmaking.
What is the reason for the significant increase in assets from $9,854,735 in 2021 to $13,843,101 in the latest period?
The substantial increase in assets is likely due to a combination of investment gains and the foundation's revenue consistently exceeding its expenses. For example, in 2023, revenue was $1,627,960 while expenses were $673,649, contributing to asset growth.
Filing History
IRS 990 filing history for Castleman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Castleman Family Foundation's revenue has grown by 3025.2%, moving from $52K to $1.6M. Total assets increased by 68.4% over the same period, from $7.7M to $12.9M. Total functional expenses rose by 68.5%, from $400K to $674K. In its most recent filing year (2023), Castleman Family Foundation reported a surplus of $954K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $674K | $12.9M | $1 | — | — |
| 2022 | $1.1M | $606K | $10.4M | $1 | — | View 990 |
| 2021 | $778K | $550K | $9.9M | $1 | — | View 990 |
| 2020 | $1.6M | $608K | $9.8M | $157K | — | View 990 |
| 2019 | $1.0M | $575K | $8.5M | $410K | — | View 990 |
| 2015 | $1.5M | $499K | $8.2M | $462K | — | View 990 |
| 2014 | $71K | $446K | $6.7M | $1 | — | View 990 |
| 2013 | $473K | $462K | $7.5M | $414K | — | View 990 |
| 2012 | $95K | $481K | $7.3M | $195K | — | View 990 |
| 2011 | $52K | $400K | $7.7M | $236K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $674K, and assets of $12.9M (revenue +45.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $606K, and assets of $10.4M (revenue +44.3% year-over-year).
- 2021: Revenue of $778K, expenses of $550K, and assets of $9.9M (revenue -51.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $608K, and assets of $9.8M (revenue +57.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $575K, and assets of $8.5M (revenue -30.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $499K, and assets of $8.2M (revenue +1994.8% year-over-year).
- 2014: Revenue of $71K, expenses of $446K, and assets of $6.7M (revenue -85.0% year-over-year).
- 2013: Revenue of $473K, expenses of $462K, and assets of $7.5M (revenue +396.3% year-over-year).
- 2012: Revenue of $95K, expenses of $481K, and assets of $7.3M (revenue +82.8% year-over-year).
- 2011: Revenue of $52K, expenses of $400K, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Castleman Family Foundation:
Data Sources and Methodology
This transparency report for Castleman Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.