Xealot Inc
- Assets
- $0.0
- Revenue
- $13.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 02/2007
- Data as of
- 12/2019
- EIN
- 20-3005483
Organization Overview
Xealot Inc is located in Pasadena, CA. The organization was established in 2007. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. Xealot 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 12/2019, Xealot Inc generated $13.0 in total revenue. All expenses for the organization totaled $54.8k during the year ending 12/2019.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY, DEVELOP, RESOURCE, AND DEPLOY STRATEGIC EMERGING ETHNIC LEADERS IN MARGINALIZED COMMUNITIES SO THAT THEY WILL BE AGENTS OF HOLISTIC AND SUSTAINABLE TRANSFORMATION. FURTHERMORE, THE ORGANIZATION WILL HELP CATALYZE SPECIAL PROJECTS THAT WILL HELP THESE STRATEGIC LEADERS TO BRING TRANSFORMATION INTO THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IDENTIFY, DEVELOP, RESOURCE, AND DEPLOY STRATEGIC EMERGING LEADERS IN MARGINALIZED COMMUNITIES SO THAT THEY WILL BE AGENTS OF HOLISTIC AND SUSTAINABLE TRANSFORMATION. FURTHERMORE, THE ORGANIZATION WILL HELP CATALYZE SPECIAL PROJECTS THAT WILL HELP BRING TRANSFORMATION THROUGH A PERSONAL DEVELOPMENT PROGRAM. THE PROGRAM IS DESIGNED TO CREATE, EMPOWER, EQUIP, AND MEET THE NEEDS OF SAID LEADERS, VISIONARIES, AND PIONEERS SO THAT THEY MAY BRING THIS BACK INTO THEIR COMMUNITIES THROUGH POSITIVE TRANSFORMATION IN THEIR INNER-PERSONAL, RELATIONAL, AND WORK LIFE. RESULTS CREATED WILL LEAD TO POSITIVE IMPACT IN FAMILIES, SOCIETIES, CITIES, AND OUR MULTI-CULTURAL WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Kang Chairman / C | OfficerTrustee | $0 | |
Ruth Kwak Finance / Se | OfficerTrustee | $0 | |
Richard Kim Board Member | $0 | ||
Larry Kwak Board Member | $0 | ||
Maribel Toan Board Member | $0 | ||
David Gibbons Founder | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,999 |
| Fees for services: Accounting | $4,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,400 |
| Advertising and promotion | $200 |
| Office expenses | $58 |
| Information technology | $1,091 |
| Royalties | $0 |
| Occupancy | $742 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,580 |
| All other expenses | $83 |
| Total functional expenses | $54,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |