The Traphagen Foundation
- Assets
- $3.6m
- Revenue
- -$834.4k
- Investments
- $3.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1978
- Data as of
- 12/2022
- EIN
- 13-2894831
Organization Overview
The Traphagen Foundation is located in New York, NY. The organization was established in 1978. 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. Traphagen 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 2022, Traphagen Foundation has awarded 42 individual grants totaling $338,965. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Tuttle Traphagen Co-Trustee | 1 | $0 | |
Judson B Traphagen Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,511 |
| Dividends & Interest | $439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$861,232 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $928 |
| Total Revenue | -$834,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $41,295 |
| Taxes | $30,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $136,310 |
| Contributions, gifts, grants paid | $338,965 |
| Total expenses and disbursements | $475,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138 |
| Savings and temporary cash investments | $74,491 |
| Net Accounts receivable | $1,140 |
| 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 | $3,489,196 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,565,965 |
| Accounts payable and accrued expenses | $27,372 |
| 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 | $15,000 |
| Total liabilities | $42,372 |
Grants Awarded
Over the last fiscal year, The Traphagen Foundation has awarded $338,965 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL PURPOSE | $6,500 |
ANIMAL RESCUE FUND OF THE HAMPTONS PURPOSE: GENERAL PURPOSE | $5,000 |
ARANCA US INC PURPOSE: GENERAL PURPOSE | $221 |
BARD COLLEGE PURPOSE: GENERAL PURPOSE | $5,000 |
BOYS AND GIRLS HOBE SOUND PURPOSE: GENERAL PURPOSE | $31,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL PURPOSE | $500 |