New Eagle Foundation
- Assets
- $9.2m
- Revenue
- -$1.0m
- Investments
- $8.9m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 82-1034415
Organization Overview
New Eagle Foundation is located in Ann Arbor, MI. The organization was established in 2017. 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. New Eagle Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, New Eagle Foundation has awarded 25 individual grants totaling $659,430. 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 |
|---|---|---|---|
Richard C Swortzel Director / VP | 0 | $0 | |
Mary M Swortzel Pres./sec./treas. | 0 | $0 | |
Michael F Swortzel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $200 |
| Dividends & Interest | $187,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,212,945 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,025,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,375 |
| Total operating and administrative expenses | $64,069 |
| Contributions, gifts, grants paid | $538,430 |
| Total expenses and disbursements | $602,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,263 |
| 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 | $1,262,109 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,152,964 |
| 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, New Eagle Foundation has awarded $538,430 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BIG HORN MINISTRIES PURPOSE: COMMUNITY | $25,000 |
LIFE CHURCH PURPOSE: COMMUNITY | $1,000 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: COMMUNITY | $106,320 |
NAVIGATORS PURPOSE: COMMUNITY | $41,600 |
PURDUE CHRISTIAN CAMPUS HOUSE PURPOSE: COMMUNITY | $25,000 |
SAMARITIANS PURSE PURPOSE: COMMUNITY | $25,010 |