Paul And Antje Newhagen Family Foundation
- Assets
- $10.7m
- Revenue
- $678.2k
- Investments
- $10.4m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 47-4910940
Organization Overview
Paul And Antje Newhagen Family Foundation is located in Palo Alto, CA. The organization was established in 2017. 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. Paul And Antje Newhagen 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 12/2021, Paul And Antje Newhagen Family Foundation generated $678.2k 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 (40.8%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Newhagen Director | 5 | $0 | |
Antje Newhagen Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,442 |
| Dividends & Interest | $219,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $452,447 |
| Capital Gain Net Income | $452,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $391 |
| Total Revenue | $678,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $29 |
| Taxes | $33,815 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,264 |
| Total operating and administrative expenses | $86,718 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $436,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $332,626 |
| 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 | $10,410,736 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,743,362 |
| 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, Paul And Antje Newhagen Family Foundation has awarded $850,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Alma, MI PURPOSE: EDUCATION | $500,000 |
San Francisco, CA PURPOSE: ENVIRONMENT | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dream Center Foundation A California Non Profit Corporation Los Angeles, CA | $35,184,987 | $26,309,284 |
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
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 |