Tg2 Foundation Inc
- Assets
- $547.5k
- Revenue
- $78.0k
- Investments
- $467.7k
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 61-1579779
Organization Overview
Tg2 Foundation Inc is located in Irvine, CA. The organization was established in 2013. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Tg2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TG2 FOUNDATION PROVIDES DIRECT FINANCIAL SUPPORT TO IRC 501(C)3 APPROVED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudy Caamano Director | 0.5 | $0 | |
Jessica Caamano Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,250 |
| Interest on Savings | $3 |
| Dividends & Interest | $1,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,540 |
| Capital Gain Net Income | $25,540 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44 |
| Total operating and administrative expenses | $544 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $30,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,792 |
| 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 | $467,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $547,475 |
| Accounts payable and accrued expenses | $2,885 |
| 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 | $2,885 |
Grants Awarded
Over the last fiscal year, Tg2 Foundation Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Costa Mesa, CA PURPOSE: PROVIDE FINANCIAL SUPPORT TO FURTHER THE ORGANIZATION MISSION - TO SUPPORT ALL AREAS OF THE SCHOOL: ACADEMIC PROGRAMS, TEACHER SALARIES, TECHNOLOGY, FACILITIES, ETC., AND TO RESPOND TO THE BUDGETARY PRIORITIES AND ANY UNFORESEEN NEEDS, DEVELOPMENTS, OR OPPORTUNITIES THAT MAY ARISE. | $20,000 |
ORANGE LUTHERAN HIGH SCHOOL PURPOSE: PROVIDE FINANCIAL SUPPORT TO FURTHER THE ORGANIZATION MISSION - TO SUPPORT ALL AREAS OF THE SCHOOL: ACADEMIC PROGRAMS, TEACHER SALARIES, TECHNOLOGY, FACILITIES, ETC., AND TO RESPOND TO THE BUDGETARY PRIORITIES AND ANY UNFORESEEN NEEDS, DEVELOPMENTS, OR OPPORTUNITIES THAT MAY ARISE. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |
Rodan & Fields Prescription For Change Foundation San Francisco, CA | $4,001,646 | $2,863,722 |
Mz Foundation San Francisco, CA | $44,105,186 | $1,119,650 |
Northridge Hospital Foundation Northridge, CA | $34,105,593 | $7,650,276 |
Ares Charitable Foundation Los Angeles, CA | $1,939,560 | $4,941,400 |
Kickstart-International Inc San Francisco, CA | $2,914,989 | $3,617,349 |
University Of Guadalajara Foundation In The United States Of Los Angeles, CA | $8,274,391 | $1,984,726 |
Saddleback Memorial Foundation Laguna Hills, CA | $173,885,184 | $12,310,516 |