Higgins-Trapnell Family Foundation
- Assets
- $1.0m
- Revenue
- $66.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Solvang, CA
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 77-0537256
Organization Overview
Higgins-Trapnell Family Foundation is located in Solvang, CA. The organization was established in 2000. 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. Higgins-Trapnell 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 12/2022, Higgins-Trapnell Family Foundation generated $66.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $111.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Higgins-Trapnell Family Foundation has awarded 79 individual grants totaling $191,250. 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 |
|---|---|---|---|
Priscilla Higgins President | 0 | $42,000 | |
Mark Higgins Director | 0 | $0 | |
Neal Higgins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,644 |
| Dividends & Interest | $11,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,873 |
| Capital Gain Net Income | $47,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,150 |
| Total Revenue | $66,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $69 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,060 |
| Total operating and administrative expenses | $59,865 |
| Contributions, gifts, grants paid | $51,750 |
| Total expenses and disbursements | $111,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,015,555 |
| 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, Higgins-Trapnell Family Foundation has awarded $51,750 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
PEOPLE HELPING PEOPLE PURPOSE: SOCIAL SERVICES | $1,000 |
WILDLANDS NETWORK PURPOSE: WILDLIFE CONSERVATION IN NORTH AMERICA | $3,000 |
ALLAN HANCOCK FOUNDATION PURPOSE: ALLAN HANCOCK JUNIOR COLLEGE EDUCATION | $1,500 |
ST MARKS IN THE VALLEY PURPOSE: EPISCOPAL CHURCH | $5,000 |
SANTA YNEZ VALLEY FOUNDATION PURPOSE: ASSISTANCE FOR DISADVANTAGED IN THE COMMUNITY | $1,000 |
NCRC -NATIONAL CHILD RESEARCH CENTER PURPOSE: PRE SCHOOL EDUCATION | $4,000 |