Otto Huang Foundation
- Assets
- $13.7k
- Revenue
- $6.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 20-4793731
Organization Overview
Otto Huang Foundation is located in Foster City, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otto Huang Foundation 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 12/2021, Otto Huang Foundation generated $6.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $7.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CCGC CHINES SCHOOL WINE SALES FOR DONATIONS
SEMINERS TO ENCOURAGE TEENAGERS TO ACTIVELY PARTICIPATE IN SCHOOL CLUBS, GET INVOLVED IN COMMUNITY SERVICE, PROMOTE THEIR LEADERSHIP POTENTIAL, ORGANIZATIONAL ABILITY, TEAMWORK ABILITY, CHARITY CONCERN, SOCIAL CONSCIOUSNESS, TECHNOLOGY INNOVATION, INTERESTS IN ARTS/SPORTS/SCIENCES, AND ATTENTION TO ENVIRONMENTAL ISSUES. TO CREATE HEALTHIER ENVIRONMENT AND PROVIDE BETTER OPPORTUNITIES FOR OUR NEXT GENERATION, ENHANCE THEIR SKILLS AND COMPETITIVENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Huang CFO | 0 | $0 | |
Dennis Huang Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,600 |
| Interest on Savings | $0 |
| 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 | $6,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,947 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,369 |
| Contributions, gifts, grants paid | $2,900 |
| Total expenses and disbursements | $7,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,675 |
| 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 | $13,675 |
| 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, Otto Huang Foundation has awarded $2,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DOUBLE TEN CELEBRATION COMMITTEE SF PURPOSE: CULTURE | $1,600 |
TAIWANESE CHINESE AMERICAN ATHLETIC PURPOSE: COMMUNITY IMPROVEMENT | $1,000 |
Milpitas, CA PURPOSE: EDUCATION | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |