Walter And Fannie Wang Foundation
- Assets
- $442.3k
- Revenue
- $21.8k
- Investments
- $366.7k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 12/2008
- Data as of
- 08/2021
- EIN
- 26-3315955
Organization Overview
Walter And Fannie Wang Foundation is located in San Jose, CA. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Walter And Fannie Wang 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 08/2021, Walter And Fannie Wang Foundation generated $21.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $42.4k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walter And Fannie Wang Foundation has awarded 85 individual grants totaling $147,038. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fung Wing Wang Secretary | 4 | $0 | |
Walter C Wang President & | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,077 |
| Capital Gain Net Income | $14,077 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $176 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $214 |
| Total operating and administrative expenses | $18,544 |
| Contributions, gifts, grants paid | $23,813 |
| Total expenses and disbursements | $42,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,077 |
| Savings and temporary cash investments | $42,134 |
| 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 | $467 |
| Other assets | $0 |
| Total assets | $442,344 |
| Accounts payable and accrued expenses | $18,917 |
| 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 | $18,917 |
Grants Awarded
Over the last fiscal year, Walter And Fannie Wang Foundation has awarded $23,813 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: DONATION | $10,000 |
ASIAN AMERICAN FOR COMMUNITY INVOLV PURPOSE: DONATION | $3,285 |
WILLIAMS WINS FOUNDATION PURPOSE: DONATION | $2,409 |
SAN JOSE CHINESE CATHOLIC MISSION PURPOSE: DONATION | $2,012 |
Los Angeles, CA PURPOSE: DONATION | $2,000 |
San Jose, CA PURPOSE: DONATION | $1,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |
The Caesars Foundation Las Vegas, NV | $826,760 | $3,036,101 |
Harman Family Foundation Los Angeles, CA | $38,396,572 | $3,606,150 |
Kabcenell Family Foundation Portola Valley, CA | $22,759,228 | $4,877,522 |