First Team Real Estate Foundation
- Assets
- $655.2k
- Revenue
- $486.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3440149
Organization Overview
First Team Real Estate Foundation is located in Irvine, CA. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Team Real Estate 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 12/2021, First Team Real Estate Foundation generated $486.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (64.3%) each year. All expenses for the organization totaled $37.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KEEP ORANGE COUNTY NEIGHBORHOODS HEALTHY AND SAFE AND HELP CREATE A PLACE WHERE PEOPLE WANT TO LIVE. WE WILL DO THIS BY PROVIDING GRANTS, VOLUNTEERS AND MARKETING RESOURCES TO LOCAL ORANGE COUNTY NONPROFIT ORGANIZATIONS THAT ASSIST YOUTH AND FAMILIES IN PHYSICAL FITNESS, ENVIRONMENT, AND EDUCATION. PROVIDED $14,000 IN GRANTS TO VARIOUS PROGRAMS IN THE COMMUNITY. EACH PROGRAM FOCUSES ON EDUCATION, HEALTH, OR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, THE FOUNDATION PROVIDED GRANTS TO VARIOUS PROGRAMS IN THE COMMUNITY. EACH PROGRAM FOCUSES ON EDUCATION, HEALTH, OR COMMUNITY.
IN 2020, THE FOUNDATION PROVIDED GRANTS TO VARIOUS PROGRAMS IN THE COMMUNITY. EACH PROGRAM FOCUSES ON EDUCATION, HEALTH, OR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Marshall Bod | 3 | $0 | |
Cameron Merage Bod | 3 | $0 | |
Bill Plattos Bod | 3 | $0 | |
Tom Wagner Secretary | 3 | $0 | |
Doreen Campbell Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $486 |
| 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 | $486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,225 |
| Contributions, gifts, grants paid | $33,720 |
| Total expenses and disbursements | $37,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $655,247 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $655,247 |
| 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, First Team Real Estate Foundation has awarded $33,720 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM KIDS PURPOSE: GENERAL OPERATIONS | $30,000 |
TVT COMMUNITY DAY SCHOOL PURPOSE: GENERAL OPERATIONS | $2,700 |
ERIC SHIMADA PURPOSE: TO PROVIDE SUPPORT FOR LOCAL FAMILY IN NEED. | $1,020 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that First Team Real Estate Foundation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Darian Merage Foundation Irvine, CA PURPOSE: GENERAL OPERATIONS | $85,000 |
Cameron Merage Foundation Irvine, CA PURPOSE: GENERAL OPERATIONS | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Anderson Childrens Foundation Palm Springs, CA | $0 | $1,560,635 |
The Arc Foundation Of Ventura County Inc Ventura, CA | $21,834,974 | $1,854,879 |