Tong You Family Foundation
- Assets
- $835.4k
- Revenue
- $59.2k
- Investments
- $806.8k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 02/2009
- Data as of
- 10/2023
- EIN
- 26-3764597
Organization Overview
Tong You Family Foundation is located in Los Altos, CA. The organization was established in 2009. 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. Tong You Family 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 10/2023, Tong You Family Foundation generated $59.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $31.2k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tong You Family Foundation has awarded 24 individual grants totaling $247,030. 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
SUPPORT LOCAL PUBLIC CHARITIES AND CHARITABLE ORGANIZATIONS
SUPPORT OTHER CHARITABLE ORGANIZATIONS
FOCUS ON UNDERSTANDING AND RESEARCH ON EDUCATION AND POTENTIAL HELP REQUIREMENT FOR MANY POOR AREA IN CHINA
COORDINATED WITH THE OVERSEAS CHINESE EDUCATION FOUNDATION OCEF TO SUPPORT THE LOCAL EDUCATION NEEDS FOR LOCAL SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guoping Wu CEO | 12 | $0 | |
Daphne Sang CFO & Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,277 |
| Capital Gain Net Income | $33,277 |
| Net ST Capital Gain | $33,277 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $375 |
| Contributions, gifts, grants paid | $30,820 |
| Total expenses and disbursements | $31,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,621 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $835,415 |
| 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, Tong You Family Foundation has awarded $30,820 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HUA XIA EDUCATION FOUNDATION PURPOSE: CHARITABLE DONATION | $10,000 |
PTSA PURPOSE: CHARITABLE DONATION | $320 |
ATHLETIC BOOSTER PURPOSE: CHARITABLE DONATION | $500 |
MVLA HIGH SCHOOL FOUNDATION PURPOSE: CHARITABLE DONATION | $20,000 |