Good Hope Seeders
- Assets
- $1.8m
- Revenue
- $29.5k
- Investments
- $728.6k
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-8090061
Organization Overview
Good Hope Seeders is located in Burlingame, CA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Good Hope Seeders 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 12/2022, Good Hope Seeders generated $29.5k 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 (11.4%) each year. All expenses for the organization totaled $166.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Good Hope Seeders has awarded 50 individual grants totaling $951,500. 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
FOR THE TAX YEAR OF 2022, THE ORGANIZATION HAD DONATED $50,000 TO CATHOLIC EXTENSION.
FOR THE TAX YEAR OF 2022, THE ORGANIZATION HAD DONATED $30,000 TO USCCA.
FOR THE TAX YEAR OF 2022, THE ORGANIZATION HAD DONATED $20,000 TO CRAZY LOVE MINISTRY.
FOR THE TAX YEAR OF 2022, THE ORGANIZATION HAD DONATED $20,000 TO SELF HELP FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
By Shek President | 1 | $0 | |
Sammy Chan Secretary | 1 | $0 | |
Kenny Kwong Director | 1 | $0 | |
Lai Jean Shek Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $383 |
| Dividends & Interest | $13,827 |
| Net Rental Income | $6,467 |
| 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 | $29,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $283 |
| Depreciation | $3,863 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,085 |
| Total operating and administrative expenses | $11,030 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $166,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,683 |
| Savings and temporary cash investments | $662,483 |
| 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 | $402,893 |
| Other assets | $0 |
| Total assets | $1,844,687 |
| 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 | $39,699 |
| Total liabilities | $39,699 |
Grants Awarded
Over the last fiscal year, Good Hope Seeders has awarded $155,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SELF HELP FOR THE ELDERLY PURPOSE: PROVIDE ASSISTANCE AND SUPPORT TO SENIORS | $20,000 |
RONALD MCDONALD HOUSE PURPOSE: PROVIDE PLACE FOR FAMILIES TO STAY CLOSE BY THEIR HOSPITALIZED CHILD | $10,000 |
CRAZY LOVE MINISTRY PURPOSE: HELP PEOPLE SEE, HEAR,UNDERSTAND AND RESPOND TO GOD'S AMAZING LOVE. | $20,000 |
USCCA PURPOSE: HELP TRANSFORM GUN OWNERS INTO RESPONSIBLY ARMED AMERICANS BY PROVIDING EDUCATION, TRAINING AND LEGAL PROTECTION | $30,000 |
CATHOLIC EXTENSION PURPOSE: WORKS IN SOLIDARITY WITH PEOPLE IN AMERICA'S POOREST REGIONS TO BUILD UP VIBRANT AND TRANS FORMATIVE CATHOLIC FAITH COMMUNITIES. | $50,000 |
CHINESE CHRISTIAN HERALD CRUSADES PURPOSE: PROVIDE SOCIAL SERVICES TO THE CHINESE-AMERICAN S | $10,000 |