Pacific Charitable Foundation
- Assets
- $156.9k
- Revenue
- $6.8k
- Investments
- $151.0k
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 33-0451216
Organization Overview
Pacific Charitable Foundation is located in San Diego, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Charitable 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 12/2023, Pacific Charitable Foundation generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $6.8k during the year ending 12/2023. 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
PREPARE AND DISTRIBUTE A MONTHLY BIBLE READING SCHEDULE IN COOPERATION WITH THE CHINESE COMMUNITY CHURCH IN SAN DIEGO, CALIFORNIA.
PROVIDE BIBLICAL FINANCIAL STEWARDSIP GUIDANCE TO INDIVIDUALS, CHURCHES AND CHARITABLE ORGANIZATIONS.
REVIEW AND SELECTION OF QUALIFYING CHARITIES AND MINISTRIES FOR DISTRIBUTION OF FINANCIAL SUPPORT.
ENGAGE YOUTH AND YOUNG ADULTS IN SUMMER BIBLE READING CHALLENGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton Low President | 1 | $0 | |
Lynn Low Secretary | 0.5 | $0 | |
Sheryl Sherman Treasurer | 0.5 | $0 | |
Jerry Lee Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $4,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,131 |
| Capital Gain Net Income | $2,131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $163 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $163 |
| Contributions, gifts, grants paid | $6,650 |
| Total expenses and disbursements | $6,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,902 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $156,929 |
| 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, Pacific Charitable Foundation has awarded $6,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BIBLE STUDY FELLOWSHIP PURPOSE: GENERAL SUPPORT | $100 |
EAST WEST CHRISTIAN OUTREACH PURPOSE: GENERAL SUPPORT | $1,000 |
JOURNEY EVANGELICAL CHURCH PURPOSE: GENERAL SUPPORT | $100 |
NATIONAL ASSOCIATION OF MUSIC ANGEL PURPOSE: GENERAL SUPPORT | $5,000 |
SAN FRANCISCO BIBLE CHURCH PURPOSE: GENERAL SUPPORT | $100 |
THE USO PURPOSE: GENERAL SUPPORT | $50 |