Conant Family Educational Foundation Inc
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $2.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 95-4663527
Organization Overview
Conant Family Educational Foundation Inc is located in Newport Beach, CA. The organization was established in 1998. 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. Conant Family Educational 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.
For the year ending 06/2022, Conant Family Educational Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $107.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Conant Family Educational Foundation Inc has awarded 136 individual grants totaling $1,078,688. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Conant Director | 0 | $0 | |
Catherine Conant Director | 0 | $0 | |
Marlene Lewis Director | 0 | $0 | |
Taylor B Conant Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $940,170 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,095 |
| Capital Gain Net Income | $80,095 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,067,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,179 |
| Contributions, gifts, grants paid | $104,100 |
| Total expenses and disbursements | $107,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,201 |
| Savings and temporary cash investments | $489,238 |
| 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 | $2,534,150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,154,589 |
| 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, Conant Family Educational Foundation Inc has awarded $104,100 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB - HUNTINGTON VALLEY PURPOSE: PROGRAM SUPPORT | $2,500 |
BOULDER YOUNG LIFE PURPOSE: PROGRAM SUPPORT | $20,000 |
GRAHAM RAHAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $3,500 |
FIRST CONGREGATIONAL CHURCH OF RIPON PURPOSE: PROGRAM SUPPORT | $30,000 |
DESERT COMMUNITY FOUNDATION - INDIAN RIDGE SCHOLARSHIP PROGRAM PURPOSE: PROGRAM SUPPORT | $1,000 |
LUDWIG VON MISES INSTITUTE PURPOSE: PROGRAM SUPPORT | $25,000 |