Linhao Family Foundation
- Assets
- $271.7k
- Revenue
- $28.9k
- Investments
- $220.2k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 02/2011
- Data as of
- 10/2023
- EIN
- 27-4030291
Organization Overview
Linhao Family Foundation is located in Saratoga, CA. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linhao 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, Linhao Family Foundation generated $28.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $31.8k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 WE CONTINUED OUR EVENT OF GIVING AWAY FREE QI-GONG MEDIA.WE ARE ALSO WORKING WITH TEAMS TO EXPLORE AND ENABLE DIRECT DOWNLOAD FROM FOUNDATION WEBSITE.
THIS HAS BEEN ONE OF OUR ONLINE INITIATIVES THROUGH WHICH WE CAN REACH OUT MORE AUDIENCE. OUR GOAL IS TO PUBLISH AT LEAST ONE ARTICLE EACH YEAR INTRODUCING IN DEPTH OF CHINESE QI-GONG
WE CONTINUED TO WORK ON NEW ONLINE PLATFORM. THE GOAL REMAINS TO BE MEDIA PLAYBACK ONLINE AND DOWNLOAD.
CONTINUED TO WORK WITH AND SPONSOR HUMANE SOCIETY TO HELP HOMELESS AND HELPLESS ANIMALS IN THE BAY ARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Li Hao CEO | 12 | $0 | |
Weiqing Lin Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,651 |
| Capital Gain Net Income | $22,651 |
| Net ST Capital Gain | $253 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58 |
| Depreciation | $2,391 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,605 |
| Total operating and administrative expenses | $31,739 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $31,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,081 |
| Savings and temporary cash investments | $7,482 |
| 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 | $4,920 |
| Other assets | $0 |
| Total assets | $271,666 |
| 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 | $2 |
| Total liabilities | $2 |
Grants Awarded
Over the last fiscal year, Linhao Family Foundation has awarded $240 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PALO ALTO MUSEUM PURPOSE: CHARITABLE DONATION | $120 |
HUMANE SOCIETY PURPOSE: CHARITABLE DONATION | $100 |
TEEN CHALLENGE PURPOSE: CHARITABLE DONATION | $20 |