Sheng Foundation
- Assets
- $1.0m
- Revenue
- $5.4k
- Investments
- $958.8k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 02/2007
- Data as of
- 09/2022
- EIN
- 20-5771799
Organization Overview
Sheng Foundation is located in Cupertino, CA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sheng 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 09/2022, Sheng Foundation generated $5.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.0%) each year. All expenses for the organization totaled $84.4k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sheng Foundation has awarded 118 individual grants totaling $217,321. 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 SHENG FOUNDATION ACTED AS ONE OF THE DELEGATION MEMBERS TO TAIWAN FOR THE 2022 TAIWAN EDUCATION PROGRAM SPONSORED BY THE ENLIGHTENMENT FOUNDATION (FLUSHING, N.Y.) THIS EVENT IS HELD TWICE A YEAR FOR SPRING AND FALL SEMESTER RESPECTIVELY TO DISTRIBUTE SCHOLARSHIPS TO UNDERPRIVILEGED STUDENTS, NEEDY GRADE SCHOOLS IN THE COUNTRYSIDE AND TO INTERVIEW NEW CANDIDATES. EIGHT MEMBERS JOINED THIS YEAR AND WE WERE DIVIDED INTO TWO GROUPS. WITHIN FOUR DAYS FROM 4/24 TO 4/28, MY GROUP VISITED 13 SCHOOLS AND 128 STUDENTS AROUND THE WESTERN AREAS OF TAIWAN.AIR TICKET TO DISTRIBUTE FUNDS TO NEEDY STUDENTS$2186.17 + PCR TESTING $150AIR TICKET TO DISTRIBUTE FUNDS TO NEEDY STUDENTS$2076.67 + FOOD KITCHEN $1002
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Y Sheng President | 4 | $0 | |
Chien Ju Sheng Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,478 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,935 |
| Depreciation | $1,891 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,044 |
| Total operating and administrative expenses | $23,450 |
| Contributions, gifts, grants paid | $60,913 |
| Total expenses and disbursements | $84,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,988 |
| Savings and temporary cash investments | $24,378 |
| 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 | $1,725 |
| Other assets | $0 |
| Total assets | $1,005,913 |
| 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, Sheng Foundation has awarded $60,913 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC DIOCESE OF MALAKAL PURPOSE: IN DETAIL, NO. 350 BAGS OF SORGHUM, THE CEREAL USED AS STAPLE FOOD IN THE AREA, WERE PURCHASED IN THE TOWN OF RENK AND TRANSPORTED BY BOAT ON A DISTANCE OF ABOUT 200 KM. TO MELUT, WHERE NO. 100 BAGS OF SORGHUM WERE DISTRIBUTED. NO. 250 BAGS OF SORGHUM, WEIGHING 90 KG. EACH, WERE TRANSPORTED VIA ROAD TO THE IDPS CAMP IN KOR ADAAR, AT A DISTANCE OF ABOUT 30 KM. THE CASH RECEIPT FOR THE FIRST 350 BAGS OF SORGHUM IS ATTACHED TOTHIS REPORT. IN DETAIL, EACH BAG COST 44,000 SSP (SOUTH SUDANESE POUND), FOR A TOTAL 15,400,000 SSP = 25,667 USD. THE RATE OF EXCHANGE WAS 1 USD = 600 SSP. THE BALANCE OF THE GRANT FROM SHENG FOUNDATION WAS JOINED TO OTHER FUNDS TO PURCHASE ANOTHER 100 BAGS OF SORGHUM FOR FLOOD AFFECTED POPULATIONS IN THE AREA OF ABUROCH, IN FASHODA COUNTY OF UPPER NILE STATE. | $30,000 |
CCIC - CUPERTINO PURPOSE: DONATION | $9,000 |
ENLIGHTENMENT FOUNDATION PURPOSE: DONATION | $5,000 |
San Jose, CA PURPOSE: DONATION | $2,000 |
Walnut, CA PURPOSE: DONATION | $2,000 |
VILLAGE GOSPEL MISSION PURPOSE: DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |