Ngh Charitable Foundation
- Assets
- $27.3m
- Revenue
- $417.1k
- Investments
- $26.6m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3255289
Organization Overview
Ngh Charitable Foundation is located in Newport Beach, CA. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Ngh Charitable 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 12/2023, Ngh Charitable Foundation generated $417.1k in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2023.
Since 2022, Ngh Charitable Foundation has awarded 96 individual grants totaling $3,010,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND DONATIONS HAVE BEEN MADE TO QUALIFYING CHARITIES MEETING TERMS AND CONDITIONS ESTABLISHED BY THE CORPORATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry N Herbert President | 2 | $0 | |
Jacob Herbert Chief Financial Officer | 2 | $0 | |
Ginny Herbert Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $940,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$523,452 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $291 |
| Total Revenue | $417,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,350 |
| Total operating and administrative expenses | $102,513 |
| Contributions, gifts, grants paid | $1,429,000 |
| Total expenses and disbursements | $1,531,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $735,299 |
| 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 | $26,556,850 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,292,149 |
| 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, Ngh Charitable Foundation has awarded $1,429,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE INTERNATIONAL MISSIONS PURPOSE: CHARITABLE | $2,000 |
ALS ASSOCIATION PURPOSE: CHARITABLE | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $20,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $20,000 |
BOYS AND GIRLS CLUB OF AMERICA PURPOSE: CHARITABLE | $5,000 |
CALIFORNIA STATE PARKS FOUNDATION PURPOSE: CHARITABLE | $2,000 |