Sheng Foundation
- Assets
- $940.3k
- Revenue
- -$1.0k
- Investments
- $808.5k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 02/2007
- Data as of
- 09/2023
- 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.
Since 2015, Sheng Foundation has awarded 119 individual grants totaling $209,396. 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
2023
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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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 | $20,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,151 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,370 |
| Total Revenue | -$1,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,755 |
| Depreciation | $547 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,888 |
| Printing and publications | $0 |
| Other expenses | $8,071 |
| Total operating and administrative expenses | $16,047 |
| Contributions, gifts, grants paid | $48,561 |
| Total expenses and disbursements | $64,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,539 |
| Savings and temporary cash investments | $100,061 |
| 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 | $1,178 |
| Other assets | $0 |
| Total assets | $940,282 |
| 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 $48,561 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMBASSADORS FOR CHRIST INC PURPOSE: DONATION | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: DONATION | $1,000 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: DONATION | $1,310 |
CHILDREN AT HEART FOUNDATION PURPOSE: DONATION | $2,000 |
CCIC - CUPERTINO PURPOSE: DONATION | $10,000 |
CHINESE INTERNATIONAL MISSIONS INC PURPOSE: DONATION | $8,000 |