Irpan & Xia Foundation
- Assets
- $403.6k
- Revenue
- $48.4k
- Investments
- $388.5k
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 05/2008
- Data as of
- 03/2023
- EIN
- 26-2419860
Organization Overview
Irpan & Xia Foundation is located in Palo Alto, CA. The organization was established in 2008. 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. Irpan & Xia 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 03/2023, Irpan & Xia Foundation generated $48.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $18.4k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Irpan CEO | 30 | $0 | |
Xing Xia CFO | 2 | $0 | |
Emory H Irpan Alex H Irpan VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $6,721 |
| 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 | $1,687 |
| Total Revenue | $48,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $316 |
| Depreciation | $0 |
| Occupancy | $8,549 |
| Travel, conferences, and meetings | $1,718 |
| Printing and publications | $165 |
| Other expenses | $1,241 |
| Total operating and administrative expenses | $12,079 |
| Contributions, gifts, grants paid | $6,355 |
| Total expenses and disbursements | $18,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,357 |
| Savings and temporary cash investments | $5,781 |
| 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 | $110,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $403,634 |
| 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, Irpan & Xia Foundation has awarded $6,355 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK PURPOSE: FOODS FOR NEEDY | $125 |
ALLIANCE FOR AGING RESEARCH PURPOSE: AGING RESEARCH | $50 |
CALIFORNIA MISSION FOUNDATION PURPOSE: LANDMARK RESTORATION & MAINTENANCE | $50 |
AMERICAN CANCER SOCIETY PURPOSE: MEDICAL RESEARCH & EDUCATION | $50 |
CATHOLIC EXTENSION INTERNATIONAL PURPOSE: CHARITABLE NEEDS | $20 |
CATHOLIC RELIEF SERVICES INTL PURPOSE: CHARITABLE NEEDS | $200 |