Technology For Better Life Foundation
- Assets
- $600.2k
- Revenue
- $104.8k
- Investments
- $51.3k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 03/2011
- Data as of
- 11/2023
- EIN
- 27-4448015
Organization Overview
Technology For Better Life Foundation is located in Saratoga, CA. The organization was established in 2011. 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. Technology For Better Life 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, Technology For Better Life Foundation generated $104.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $76.9k during the year ending 11/2023. While expenses have increased by 16.1% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lu Gan CEO | 2 | $0 | |
Jihong Chen CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,161 |
| Net Rental Income | -$59,394 |
| Net Gain on Sale of Assets | $82,618 |
| Capital Gain Net Income | $82,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71,100 |
| Total operating and administrative expenses | $73,387 |
| Contributions, gifts, grants paid | $3,508 |
| Total expenses and disbursements | $76,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,226 |
| Savings and temporary cash investments | $547,662 |
| 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 | $51,337 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $600,225 |
| 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 | $917 |
| Total liabilities | $917 |
Grants Awarded
Over the last fiscal year, Technology For Better Life Foundation has awarded $3,508 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITAN'S PURSE PURPOSE: SUPPORT CHARITY GIFT SENDING | $50 |
A-SHARP CHORUS PURPOSE: CHOIR PERFORMANCE SUPPORT | $370 |
FCSN PURPOSE: SUPPORT CLASSES AND ACTIVITIES EVENTS | $866 |
ACADEMY OF MUSIC AND ARTS FOR SPECIAL EDUCATION PURPOSE: SUPPORT SPECIAL NEED ART AND MUSIC CLASSES | $275 |
HOPE SERVICES PURPOSE: SUPPORT SPECIAL NEED BAND ACTIVITIES | $150 |
SAN FRANCISCO CITY IMPACT PURPOSE: SUPPORT HOMELESS HELP ORGANIZATION | $40 |