Xu & Zhang Foundation
- Assets
- $184.4k
- Revenue
- $9.8k
- Investments
- $178.5k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 01/2014
- Data as of
- 10/2023
- EIN
- 36-4748359
Organization Overview
Xu & Zhang Foundation is located in Saratoga, CA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Xu & Zhang 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, Xu & Zhang Foundation generated $9.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $35.8k during the year ending 10/2023. 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 |
|---|---|---|---|
Wei Xu President | 0 | $0 | |
Yi Zhang Director | 0 | $0 | |
Wenxiang Xu Director | 0 | $0 | |
Tianpei Zhang Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63 |
| Dividends & Interest | $3,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,984 |
| Capital Gain Net Income | $5,984 |
| Net ST Capital Gain | $11,058 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,370 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,774 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $35,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,882 |
| 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 | $184,367 |
| 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, Xu & Zhang Foundation has awarded $40,929 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KEHUA SCHOOL PURPOSE: SUPPORTING POOR STUDENTS | $6,929 |
CARNEGIE MELLON UNIVERSITY PURPOSE: SUPPORT EDUCATION | $34,000 |