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Park Avenue Charitable Fund

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Philanthropy, Charity, Voluntarism Promotion, General (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$1.21M (2023)

Expenses
$1.29M (2023)

Total Assets
$5.72M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,214,506
Expenses
$1,294,198
Net Income
-$79,692
Net Assets
$5,724,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,110,984
91.5%
Program Services $0
Investment Income $104,669
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,147
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,724,704
Total Liabilities $0
Net Assets $5,724,704
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Gregory Strakhov Beg 7123 (Treasurer And Cfo) $0 $0 $0
Mela Garber (Secretary) $0 $0 $0
Scott Goldfond Retired 63023 (Treasurer And Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,805,381
Expenses
$1,101,169
Net Income
$704,212
Net Assets
$5,837,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,743,429
96.6%
Program Services $0
Investment Income $46,503
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,449
0.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,837,422
Total Liabilities $0
Net Assets $5,837,422
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Scott Goldfond (Treasurer And Cfo) $0 $0 $0
Mela Garber (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,234,605
Expenses
$1,127,376
Net Income
$107,229
Net Assets
$5,344,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,173,681
95.1%
Program Services $0
Investment Income $48,868
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,056
1.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,344,307
Total Liabilities $0
Net Assets $5,344,307
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Scott Goldfond (Treasurer And Cfo) $0 $0 $0
Mela Garber (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,157,286
Expenses
$1,021,260
Net Income
$136,026
Net Assets
$5,265,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,075,637
92.9%
Program Services $0
Investment Income $81,234
7.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $415
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,265,653
Total Liabilities $0
Net Assets $5,265,653
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Scott Goldfond (Treasurer And Cfo) $0 $0 $0
Mela Garber (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,304,819
Expenses
$1,758,077
Net Income
-$453,258
Net Assets
$5,077,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,215,246
93.1%
Program Services $0
Investment Income $96,323
7.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$6,750
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,077,637
Total Liabilities $0
Net Assets $5,077,637
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Scott Goldfond (Treasurer And Cfo) $0 $0 $0
Jeffrey Perelman (Secretary Deceased 8/8/18) $0 $0 $0
Mela Garber (Secretary Effective 8/21/18) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,683,954
Expenses
$1,352,850
Net Income
$331,104
Net Assets
$5,466,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,618,984
96.1%
Program Services $0
Investment Income $72,249
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,279
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,466,229
Total Liabilities $0
Net Assets $5,466,229
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Frank A Schettino (Vice Pres. Resigned 2/1/18) $0 $0 $0
Scott Goldfond (Treasurer And Cfo) $0 $0 $0
Jeffrey Perelman (Secretary Deceased 8/8/18) $0 $0 $0
Mela Garber (Secretary Effective 8/21/18) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,919,583
Expenses
$2,881,450
Net Income
-$961,867
Net Assets
$5,179,007
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,915,546
99.8%
Program Services $0
Investment Income $95,815
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$91,778
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,179,007
Total Liabilities $0
Net Assets $5,179,007
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Frank A Schettino (Vice Pres. Resigned 2/1/18) $0 $0 $0
Scott Goldfond (Treasurer And Cfo) $0 $0 $0
Jeffrey Perelman (Secretary Effective 1/31/18) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,658,718
Expenses
$2,131,037
Net Income
$1,527,681
Net Assets
$6,049,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,666,546
> 100%
Program Services $0
Investment Income $88,935
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$96,763
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,049,231
Total Liabilities $0
Net Assets $6,049,231
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Frank A Schettino (Vice President) $0 $0 $0
Scott Goldfond (Secretary Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,486,124
Expenses
$1,650,798
Net Income
-$164,674
Net Assets
$4,484,125
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,392,184
93.7%
Program Services $0
Investment Income $104,781
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$10,841
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,484,125
Total Liabilities $0
Net Assets $4,484,125
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Frank A Schettino (Vice President) $0 $0 $0
Scott Goldfond (Secretary Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,719,320
Expenses
$2,225,842
Net Income
-$506,522
Net Assets
$4,766,790
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,661,408
96.6%
Program Services $0
Investment Income $63,509
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,597
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,766,790
Total Liabilities $0
Net Assets $4,766,790
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Gary S Castle (President) $0 $0 $0
Frank A Schettino (Vice President) $0 $0 $0
Scott Goldfond (Secretary Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,298,775
Expenses
$4,217,234
Net Income
$2,081,541
Net Assets
$5,277,109
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,298,405
100.0%
Program Services $0
Investment Income $1,358
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$988
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,277,109
Total Liabilities $0
Net Assets $5,277,109

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,107,541
Expenses
$1,330,615
Net Income
-$223,074
Net Assets
$3,193,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,107,845
> 100%
Program Services $0
Investment Income $2,384
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,688
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,193,393
Total Liabilities $0
Net Assets $3,193,393

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,383,663
Expenses
$3,225,646
Net Income
-$1,841,983
Net Assets
$3,416,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,387,026
> 100%
Program Services $0
Investment Income $5,274
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,637
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,416,467
Total Liabilities $0
Net Assets $3,416,467

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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