Tappan Foundation
- Assets
- $3.1m
- Revenue
- $117.6k
- Investments
- $2.9m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 33-0673727
Organization Overview
Tappan Foundation is located in Newport Beach, CA. The organization was established in 1996. 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. Tappan 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, Tappan Foundation generated $117.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $243.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tappan Foundation has awarded 64 individual grants totaling $965,650. 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 |
|---|---|---|---|
Janet T Dryden Director | 1 | $0 | |
Robert R Dryden Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,356 |
| Total Revenue | $117,633 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $42,184 |
| Contributions, gifts, grants paid | $201,000 |
| Total expenses and disbursements | $243,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149 |
| Savings and temporary cash investments | $199,419 |
| 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 | $2,883,039 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,082,607 |
| 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, Tappan Foundation has awarded $201,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TEENS 4 TEENS HELP PURPOSE: GENERAL OPERATING | $9,000 |
HOMEBOY INDUSTRIES PURPOSE: GENERAL OPERATING | $20,000 |
GIRLS INC OF ORANGE COUNTY PURPOSE: GENERAL OPERATING | $50,000 |
SERGERSTROM CENTER FOR THE ARTS PURPOSE: GENERAL OPERATING | $60,000 |
THE WOODEN FLOOR PURPOSE: GENERAL OPERATING | $10,000 |
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: GENERAL OPERATING | $15,000 |