Harold K L Castle Foundation in Kailua, Hawaii (HI)

Harold K L Castle Foundation
Employer Identification Number (EIN)	996005445
Name of Organization	Harold K L Castle Foundation
Address	1197 Auloa Rd, Kailua, HI 96734-4658
Activities	Other school related activities, Gifts, grants, or loans to other organizations, Real estate association
Subsection	Religious Organization, Charitable Organization, Educational Organization
Ruling Date	08/1964
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$185,395,829
Amount of Income	$139,245,011
Form 990 Revenue Amount	$10,227,002

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$41,690,335	$92,827,288	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$5,173
Dividends and interest from securities	$1,643,214
Gross rents	$6,948,164
Gross sales price for all assets	$129,922,286
Gross profit from sales of goods	$0
Other income	$726,174
Other	$32,367,610
Total expenses and disbursements	$13,890,764	$3,790,999	$0	$9,746,177
Compensation of officers, directors, trustees, etc.	$341,282
Pension plans, employee benefits	$141,261
Legal fees	$19,806
Accounting fees	$33,164
Interest	$0
Depreciation	$809,380
Occupancy	$14,563
Travel, conferences, and meetings	$53,734
Printing and publications	$0
Total operating and administrative expenses	$5,715,300	$3,790,999		$1,570,713
Contributions, gifts, grants paid	$8,175,464
Excess of revenue over expenses and disbursements	$27,799,571
Net investment income		$89,036,289
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$108,886,011	$157,909,875	$106,899,656	$165,470,137	$185,395,829	$199,522,597
Cash - non-interest-bearing	$1,153,294		$703,162		$106,573,741
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$60,193,174		$62,413,691		$63,684,969
Investments-corporate bonds	$71,000		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$11,611,283		$11,518,386		$10,025,610
Other assets			$851		$78,117
Total liabilities	$1,271,710		$1,621,916		$628,440
Mortgages and other notes payable	$0		$555,854		$0
Other liabilities			$1,016,321		$213,720
Total liabilities and net assets/fund balances	$107,614,301		$105,277,740		$184,767,389

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$904,563	$597,481	$32,367,610
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$125,259	$62,768	$890,363
Total credits and payments	$136,319	$66,015	$943,231
Current year estimated tax payments and previous year's overpayment credited to current year	$136,319	$66,015	$943,231
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$45	$16	$0
Tax due		$0	$0
Overpayment		$3,231	$52,868
Amount to be credited to next year's estimated tax	$11,015	$3,231	$52,868

	2011	2012	2013
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes	Yes	Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	Yes	Yes	Yes
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?	Yes	Yes	Yes
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$161,136,065	$162,246,400	$174,939,926
Net value of noncharitable-use assets		$159,812,704	$172,315,827
Minimum investment return	$7,935,951	$7,990,635	$8,615,791

	2011	2012	2013
Distributable Amount
Distributable amount	$7,810,692	$7,927,867	$7,725,428

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$7,810,692	$7,927,867	$7,725,428
Undistributed income for this year. This amount must be distributed in the next year	$7,608,223	$7,503,529	$5,482,780

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return	$0	$0	$0	$0	$0
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$0	$0	$0	$0	$0
Value of assets qualifying under section 4942(j)(3)(B)(i)	$0	$0	$0	$0	$0
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

Supplementary Information (for 2013)
Grants approved for future payment	$4,716,559

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$5,173	$0
Dividends and interest from securities	$1,643,214	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2008)
Total	$361	$0	$36
Gross receipts or sales less returns and allowances	$0	$0	$0
Cost of goods sold	$0	$0	$0
Gross profit	$0	$0	$0
Capital gain net income	$0	$0	$0
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$36	$0	$36
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$0	$0	$0
Other income	$0	$0	$0

Deductions Not Taken Elsewhere (for 2008)
Total deductions	$0
Compensation of officers, directors, and trustees	$0
Salaries and wages	$0
Repairs and maintenance	$0
Bad debts	$0
Interest	$0
Taxes and licenses	$0
Charitable contributions	$0
Depreciation	$0
Depletion	$0
Contributions to deferred compensation plans	$0
Employee benefit programs	$0
Excess exempt expenses	$0
Excess readership costs	$0
Other deductions	$0
Unrelated business taxable income	$0
Unrelated business taxable income before net operating loss deduction	$36
Net operating loss deduction	$36
Unrelated business taxable income before specific deduction	$0
Specific deduction	$1,000

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5	Friends Of Waimanalo Inc	41-038 Wailea St, Waimanalo, HI 96795-1671	HI	1990-01	$5
6	H Mckee Foundation Inc	PO BOX 6002, Oceanview, HI 96737-6002	HI	1982-11	$29,499
7	Hale Opio Kauai Inc	2959 Umi St, Lihue, HI 96766-1806	HI	1975-08	$1,151,112
8	Hana Arts	PO BOX 686, Hana, HI 96713-0686	HI	2003-12	$118,275
9	Hana Cultural Center	PO BOX 27, Hana, HI 96713-0027	HI	1972-07	$75,238
10	Hanalani Schools	94-294 Anania Dr, Mililani, HI 96789-2525	HI	1974-05	$10,502,185
11	Harold K L Castle Foundation	1197 Auloa Rd, Kailua, HI 96734-4658	HI	1964-08	$139,245,011
12	Hawaii Chao-Chow Assoc	134 N King St Ste 2f, Honolulu, HI 96817-5009	HI	1988-11	$117,156
13	Hawaii Education Association	1953 S Beretania St Ste 5c, Honolulu, HI 96826-1342	HI	1996-12	$2,719,903
14	Hawaii Foodbank	2611 Kilihau St A, Honolulu, HI 96819-2021	HI	1986-04	$30,852,770
15	Hawaii Maritime Center	1525 Bernice Street, Honolulu, HI 96817	HI	1980-06	$34
16	Hawaii Opera Theatre	987 Waimanu St, Honolulu, HI 96814-3319	HI	1980-06	$7,298,689
17	Hawaii Public Radio	738 Kaheka St, Honolulu, HI 96814-3726	HI	1976-06	$4,881,885
18	Hawaii United Okinawa Association, Okinawan Genealogical Society Of Hawaii	94-587 Ukee St, Waipahu, HI 96797	HI	1996-11	$2,221,143
19	Hawaiian Community Development Board	1188 Bishop Street, Honolulu, HI 96813-3301	HI	2000-10	$519,380
20	Hawaiis Lifeguard & Water Safety Fund	P O Box 75508, Kapolei, HI 96707	HI	2008-03	$8,430

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