Cq Foundation
- Assets
- $912.2k
- Revenue
- $13.7k
- Investments
- $820.0k
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 02/2009
- Data as of
- 11/2023
- EIN
- 26-3878697
Organization Overview
Cq Foundation is located in Sunnyvale, CA. The organization was established in 2009. 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. Cq 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 11/2023, Cq Foundation generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $26.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cq Foundation has awarded 78 individual grants totaling $215,200. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zhenfang Chen CEO | 10 | $0 | |
Meng Qin Cfo, Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,000 |
| Dividends & Interest | $134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $540 |
| Capital Gain Net Income | $540 |
| Net ST Capital Gain | $540 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,000 |
| Total Revenue | $13,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $442 |
| Taxes | $7 |
| Depreciation | $5,491 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,461 |
| Total operating and administrative expenses | $13,956 |
| Contributions, gifts, grants paid | $12,350 |
| Total expenses and disbursements | $26,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,777 |
| 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 | $49,420 |
| Other assets | $0 |
| Total assets | $912,203 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $361 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $361 |
Grants Awarded
Over the last fiscal year, Cq Foundation has awarded $12,350 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: DONATION | $3,000 |
BUDDHIST TZU CHI FOUNDATION PURPOSE: DONATION | $300 |
THE HOME OF CHRIST CHURCH IN CUPERT PURPOSE: DONATION | $500 |
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: CHARITY PURPOSE | $3,000 |
KQED PURPOSE: CHARITY PURPOSE | $500 |
CALIFORNIA ALUMNI ASSOCIATION PURPOSE: CHARITY PURPOSE | $500 |