Neal Family Foundation
- Assets
- $7.1m
- Revenue
- $492.7k
- Investments
- $6.2m
- Employees
- 0
- Location
- Seal Beach, CA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-1993594
Organization Overview
Neal Family Foundation is located in Seal Beach, CA. The organization was established in 2008. 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. Neal Family 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, Neal Family Foundation generated $492.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $695.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Neal Family Foundation has awarded 25 individual grants totaling $2,576,200. 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 |
|---|---|---|---|
Dennis K Neal CEO Director | 4 | $0 | |
Chris L Neal Secretary Director | 1 | $0 | |
Amy Smith Montoya Director | 0 | $0 | |
Jeff Latture Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $492,708 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $492,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,116 |
| Total operating and administrative expenses | $8,116 |
| Contributions, gifts, grants paid | $687,000 |
| Total expenses and disbursements | $695,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $968,985 |
| 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 | $4,400,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,148,093 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Neal Family Foundation has awarded $687,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LONG BEACH RESCUE MISSION PURPOSE: SUPPORT MINISTRY TO THE HOMELESS. | $100,000 |
PILGRIMS PROVISION MINISTRIES PURPOSE: PRINT BIBLE OLD TESTAMENT STUDY BOOKS FOR STUDENTS IN AFRICA | $8,000 |
STRATEGIC RESOURCE GROUP INC PURPOSE: SUPPORT CHRISTIAN MINISTRY THROUGHOUT THE GREATER MIDDLE EAST NORTH AFRICA AND ARABIAN PENINSULA | $450,000 |
RESCUE A GENERATION PURPOSE: MINISTER TO AT-RISK YOUTH IN UNDERSERVED COMMUNITIES WITH THE GOSPEL AND TEACHING ON CHARACTER FORMATION. | $25,000 |
PASSION LA PURPOSE: MINISTRY TO AT-RISK AND UNDERSERVED YOUTH IN URBAN AREAS BY TEACHING CHRISTIAN VALUES AND LEADERSHIP SKILLS. | $2,000 |
GREATER REACH INC PURPOSE: PASTOR TRAINING FOR FIRST GENERATION CHRISTIANS IN WEST AFRICA. | $52,000 |