Tong & Danielle Family Foundation
- Assets
- $199.7k
- Revenue
- $8.3k
- Investments
- $177.2k
- Employees
- 0
- Location
- Granite Bay, CA
- Founding
- 02/2011
- Data as of
- 11/2023
- EIN
- 27-4205986
Organization Overview
Tong & Danielle Family Foundation is located in Granite Bay, CA. The organization was established in 2011. 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 & Danielle 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 11/2023, Tong & Danielle Family Foundation generated $8.3k 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 (5.9%) each year. All expenses for the organization totaled $4.5k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 years. 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 |
|---|---|---|---|
Tong Jiang President | 5 | $0 | |
Danielle Sun Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,454 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $151 |
| Depreciation | $1,627 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,297 |
| Total operating and administrative expenses | $4,368 |
| Contributions, gifts, grants paid | $90 |
| Total expenses and disbursements | $4,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,455 |
| Savings and temporary cash investments | $1,775 |
| 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 | $17,841 |
| Net Land, buildings, and equipment | $2,596 |
| Other assets | $3,639 |
| Total assets | $199,653 |
| 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 & Danielle Family Foundation has awarded $8,497 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA UNIVERSITY CHICAGO PURPOSE: DONATION | $1,957 |
NORTHWESTERN UNIVERSITY PURPOSE: DONATION | $2,000 |
OHIO STATE UNIVERSITY PURPOSE: DONATION | $2,040 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: DONATION | $1,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: DONATION | $1,000 |
SECOND HARVEST OF SILICON VALLEY PURPOSE: DONATION | $500 |