Derek Wang Family Foundation
- Assets
- $352.2k
- Revenue
- $8.7k
- Investments
- $341.8k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 06/2009
- Data as of
- 03/2024
- EIN
- 26-4833275
Organization Overview
Derek Wang Family Foundation is located in Cupertino, 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. Derek Wang 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 03/2024, Derek Wang Family Foundation generated $8.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $20.5k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Derek Wang Family Foundation has awarded 111 individual grants totaling $108,967. 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 |
|---|---|---|---|
Xianfeng Wang President & CEO | 2 | $0 | |
Wei Li Secretary & CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,605 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,650 |
| 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 | $2,354 |
| Total operating and administrative expenses | $5,575 |
| Contributions, gifts, grants paid | $14,910 |
| Total expenses and disbursements | $20,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,332 |
| 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 | $341,820 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $352,152 |
| 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, Derek Wang Family Foundation has awarded $14,910 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MONTEREY BAY AQUARIUM PURPOSE: FOR OVER 30 YEARS, THE MONTEREY BAY AQUARIUM HAS WORKED TO PROTECT OCEAN LIFE FOR FUTURE GENERATIONS BY INSPIRING YOUNG AND OLD WITH THE BEAUTY AND WONDER OF THE OCEAN. | $2,500 |
JAMES SMITHSON SOCIETY PURPOSE: FOR THE WORLDS LARGEST MUSEUM, EDUCATION, AND RESEARCH COMPLEX, WITH 19 MUSEUMS AND THE NATIONAL ZOOSHAPING THE FUTURE BY PRESERVING OUR HERITAGE, DISCOVERING NEW KNOWLEDGE, AND SHARING OUR RESOURCES WITH THE WORLD. | $2,500 |
RIVER OF LIFE CHRISTIAN CHURCH PURPOSE: FOR OUR YOUTH TO BECOME DISCIPLES WHO CREATE A KINGDOM CULTURE AND GO OUT TO IMPACT THE WORLD. | $2,000 |
FRIENDS OF CHILDREN WITH SPECIAL NE PURPOSE: TO HELP INDIVIDUAL WITH SPECIAL NEEDS AND THEIR FAMILIES FIND LOVE, HOPE, RESPECT, AND SUPPORT THROUGH INTEGRATED COMMUNITY INVOLVEMENT. | $3,740 |
ALZHEIMER DISEASE RESEARCH PURPOSE: DRIVING INNOVATIVE RESEARCH AROUND THE WORLD TO END ALZHEIMERS, WE IDENTIFY HIGH-RISK, HIGH-REWARD PROJECTS THAT HAVE THE MOST PROMISE TO CHANGE THE TRAJECTORY OF THE DISEASE. | $1,000 |
AUTISM SOCIETY OF AMERICA PURPOSE: TO CREATE CONNECTIONS, EMPOWERING EVERYONE IN THE AUTISM COMMUNITY WITH THE RESOURCES NEEDED TO LIVE FULLY. | $50 |