New Challenge Foundation A California Corporation
- Assets
- $231.8k
- Revenue
- $76.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CA
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-2412290
Organization Overview
New Challenge Foundation A California Corporation is located in Orange, CA. The organization was established in 2015. 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 Challenge Foundation A California Corporation 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, New Challenge Foundation A California Corporation generated $76.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $14.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Challenge Foundation A California Corporation has awarded 147 individual grants totaling $170,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITY OF THE FOUNDATION IS TO MAKE GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO PROMOTE THEIR CHARITABLE PURPOSE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,000 |
| Interest on Savings | $13,121 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $295 |
| Contributions, gifts, grants paid | $13,700 |
| Total expenses and disbursements | $13,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,843 |
| Savings and temporary cash investments | $196,998 |
| 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 | $231,841 |
| 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 Challenge Foundation A California Corporation has awarded $13,700 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BRIMFIELD HIGH SCHOOL PURPOSE: WM. CINNAMON MEMORIAL SCHOLARSHIP | $2,500 |
CASA DE LOS NINOS PURPOSE: GENERAL SUPPORT | $350 |
CATERINA'S CLUB PURPOSE: GENERAL SUPPORT | $1,700 |
CROSS CATHOLIC OUTREACH PURPOSE: CHRISTMAS DONATION | $250 |
MARY'S KITCHEN PURPOSE: FOOD DONATIONS | $1,900 |
ST MARY'S FOOD BANK PURPOSE: GENERAL SUPPORT | $350 |