455 Foundation
- Assets
- $505.2k
- Revenue
- $21.5k
- Investments
- $505.0k
- Employees
- 0
- Location
- Topanga, CA
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-3784680
Organization Overview
455 Foundation is located in Topanga, CA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 455 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, 455 Foundation generated $21.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $29.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, 455 Foundation has awarded 86 individual grants totaling $267,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Schmitt President/direc | 1 | $0 | |
Susan Schmitt Vp/secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $17,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,206 |
| Capital Gain Net Income | $4,206 |
| Net ST Capital Gain | $1 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $101 |
| Total Revenue | $21,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,770 |
| Contributions, gifts, grants paid | $24,500 |
| Total expenses and disbursements | $29,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $504,961 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $505,152 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3 |
| Total liabilities | $3 |
Grants Awarded
Over the last fiscal year, 455 Foundation has awarded $24,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BEST FRIENDS PURPOSE: GENERAL FUND | $500 |
CHABAD OF TOPANGA PURPOSE: GENERAL FUND | $1,000 |
FEEDING AMERICA PURPOSE: GENERAL FUND | $10,000 |
TOPANGA ANIMAL RESCUE PURPOSE: GENERAL FUND | $10,500 |
THE CHORDOMA FOUNDATION PURPOSE: GENERAL FUND | $500 |
THE CAMPANILE FOUNDATION PURPOSE: GENERAL FUND | $2,000 |