Grace In Abundance Foundation
- Assets
- $190.0k
- Revenue
- $58.5k
- Investments
- $73.6k
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 09/2010
- Data as of
- 05/2024
- EIN
- 27-3311108
Organization Overview
Grace In Abundance Foundation is located in Sunnyvale, CA. The organization was established in 2010. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace In Abundance 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 05/2024, Grace In Abundance Foundation generated $58.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $5.1k during the year ending 05/2024. While expenses have increased by 19.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Qiaogan Wang CEO | 2 | $0 | |
Xiaolan Yu CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,000 |
| Interest on Savings | $56 |
| Dividends & Interest | $2,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,151 |
| Capital Gain Net Income | $14,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,602 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,666 |
| Contributions, gifts, grants paid | $3,443 |
| Total expenses and disbursements | $5,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,310 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $64 |
| 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 | $109,994 |
| Total assets | $189,955 |
| 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, Grace In Abundance Foundation has awarded $3,443 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF BERKELEY PURPOSE: EDUCATIONAL | $1,000 |
SOON MOVEMENT PURPOSE: CHARITABLE | $2,443 |