Tg2 Foundation Inc
- Assets
- $466.8k
- Revenue
- $9.4k
- Investments
- $393.8k
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 61-1579779
Organization Overview
Tg2 Foundation Inc is located in Irvine, CA. The organization was established in 2013. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Tg2 Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TG2 FOUNDATION PROVIDES DIRECT FINANCIAL SUPPORT TO IRC 501(C)3 APPROVED ORGANIZATIONS. REFER TO THE SUPPLEMENTARY INFORMATION IN PART XIV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudy Caamano Director | 0.5 | $0 | |
Jessica Caamano Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $5,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,101 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $12,235 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $57,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,030 |
| 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 | $393,778 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $466,808 |
| Accounts payable and accrued expenses | $2,885 |
| 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 | $2,885 |
Grants Awarded
Over the last fiscal year, Tg2 Foundation Inc has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA FE HIGH SCHOOL PURPOSE: PROVIDE FINANCIAL SUPPORT TO FURTHER THE ORGANIZATION MISSION - TO SUPPORT ALL AREAS OF THE SCHOOL: ACADEMIC PROGRAMS, TEACHER SALARIES, TECHNOLOGY, FACILITIES, ETC., AND TO RESPOND TO THE BUDGETARY PRIORITIES AND ANY UNFORESEEN NEEDS, DEVELOPMENTS, OR OPPORTUNITIES THAT MAY ARISE. | $25,000 |
MARINERS CHURCH PURPOSE: PROVIDE FINANCIAL SUPPORT TO FURTHER THE ORGANIZATION MISSION - TO TRANSFORM ORDINARY PEOPLE INTO PASSIONATE FOLLOWERS OF JESUS SO THEY CAN FEARLESSLY CHANGE THE WORLD. TO TEACH GOD'S WORD, BE GOD'S LOVING FAMILY, REMEMBER THAT EVERY BELIEVER IS A MINISTER WITH A MINISTRY, BE INNOVATIVE IN THEIR MINISTRY AND RELEVANT IN THEIR COMMUNITY, AND BE CONTAGIOUS IN SHARING JESUS CHRIST. | $20,000 |