Overview
What is The Castle Foundation Inc?
The Castle Foundation Inc, also known as Hope Lives Foundation, is a nonprofit organization based in Stuart, Florida. With only two employees, their primary mission is to raise, manage, and distribute funds to support their programs and services. Their activities are focused on making expenditures for the betterment of the Foundation, as outlined in their description (which unfortunately, due to character limitations, I cannot fully elaborate on here). The Foundation operates under this mission, supporting their initiatives through the management and allocation of their resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Castle Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. With an overall score based entirely on a single beacon, the organization demonstrates a high level of transparency and ethical governance, as evidenced by its perfect scores in several key areas, including independent board membership and the absence of material asset diversion.
The foundation's financial health is solid, showcased by a low liabilities to assets ratio of 9.00% and a program expense ratio of 91.86%. These figures indicate that the majority of its funds are directed towards fulfilling its mission rather than administrative costs. The presence of policies such as conflict of interest and whistleblower protections further underscores its commitment to ethical practices.
While the data highlights many strengths, the summary does not indicate any specific limitations or challenges facing The Castle Foundation. Overall, the organization appears to be well-managed and financially sound, making it a trustworthy option for potential donors looking to support a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Castle Foundation Inc legitimate?
The Castle Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Castle Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $84,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,938
For more financial information, click here
What is the mission statement of The Castle Foundation Inc?
The mission of The Castle Foundation Inc, as stated, is centered around raising, holding, and investing funds. These funds are then administered and used for the benefit of the foundation's programs and services. The expenditures of these funds are aimed at supporting the foundation's initiatives and activities, as detailed further in an attached description. In essence, The Castle Foundation Inc's role is to manage and utilize its resources to advance its programmatic objectives.
Who is the CEO of The Castle Foundation Inc?
Christopher Robertson is the President of The Castle Foundation Inc.
What is the revenue of The Castle Foundation Inc?
The Castle Foundation Inc's revenue in 2022 was $56,805.
Who are the executives of The Castle Foundation Inc and what are their salaries?
The average compensation at The Castle Foundation Inc during 2022 was $69,628. There are 2 employees at The Castle Foundation Inc.
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Where can I find the form 990 for The Castle Foundation Inc?
The Castle Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Castle Foundation Inc
The Castle Foundation Inc is dedicated to accumulating, managing, and allocating funds for the advancement of its programs and services. The primary objective of this organization is to utilize these expenditures to strengthen and enhance its initiatives. While the provided information does not elaborate on the specifics of these programs and services, it is clear that The Castle Foundation Inc sees financial support as a means to drive positive change.
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Impact
August, 2024
The Castle Foundation Inc has a significant impact on human services in Stuart, FL. Their mission is to raise, hold, invest, and administer funds to support programs and services that benefit the community. By making strategic expenditures, the Foundation is able to provide essential resources to those in need, making a meaningful contribution to improving the well-being of individuals and families in the area.
This information is meant to be a general summary of The Castle Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,622
- Gross Receipts: $56,805
Assets and Liabilities:
- Total Assets: $682,906
- Total Liabilities: $61,506
- Net Assets: $621,400
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Organization Details
Founding Year
2005
Phone
(772) 302-6287Principal Officer
Christopher Robertson
Main Address
c/o Altmann Associates Inc - PO Box, Stuart, FL, 349953085
NTEE Category
Code: P114 - Human services
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