B&j Foundation
- Assets
- $102.5k
- Revenue
- $6.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 12/2015
- Data as of
- 07/2024
- EIN
- 36-4817648
Organization Overview
B&j Foundation is located in Cupertino, CA. The organization was established in 2015. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B&j 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 07/2024, B&j Foundation generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $5.5k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACF HTTPS://WWW.APPLIED-COMPUTING.ORG/ PROGRAM SPONSORSHIP - MAC MONTHLY APP CHALLENGE: MACS MISSION IS TO PROVIDE A PLATFORM FOR STUDENTS AND ADULTS, ESPECIALLY THOSE FROM UNDERREPRESENTED AND UNDERPRIVILEGED GROUPS IN STEM, TO APPLY THEIR THEORETICAL CODING KNOWLEDGE IN BUILDING REAL-WORLD APPLICATIONS. TODAY, TOO MANY STUDENTS ARE TALENTED IN PROGRAMMING, BUT THEY HAVE FEW OPPORTUNITIES TO IMPLEMENT THEIR SKILLS MAC IS BRIDGING THAT GAP, ONE APP AT A TIME. THE MAC TEAM HOSTS WEEKLY, ACCESSIBLE, AND THEMED VIRTUAL CODING WORKSHOPS OPEN TO ALL
RURAL CENTRAL VALLEY STEM PROJECT: THIS BRAND NEW PROJECT RESULTED FROM DIRECT EXPERIENCE BY WORKING WITH CENTRAL VALLEY ACF COACHES WHO LIVE THERE AND SHARED THEIR NEEDS FOR THIS PROJECT. SUPPORTING CENTRAL CA STUDENTS WITH THE LATEST STEM EDUCATION IS CRUCIAL FOR PROVIDING EQUAL OPPORTUNITIES AND PREPARING STUDENTS FOR THE FUTURE, CLOSING THE GAP BETWEEN NEARBY DIGITAL RESOURCE RICH BAY AREA(SILICON VALLEY) AND CENTRAL CA AREA.
SPONSORED TWO CHILDREN IN THE WORLD VISION PROGRAM.
STARTED PROGRAMS BENEFITING SENIOR COMMUNITY: SETTING UP AN PROGRAM FOR A GROUP OF STUDENTS WHO ARE INTERESTED IN MAKING VR PROJECTS FOR SENIORS TO VISIT CHATEAU CUPERTINO AND BRING BETTER VR EXPERIENCE AND HAPPINESS TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haiming Tang CFO | 2 | $0 | |
Haiping Shao President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,663 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $2,586 |
| Contributions, gifts, grants paid | $2,951 |
| Total expenses and disbursements | $5,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,044 |
| Savings and temporary cash investments | $57 |
| 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 | $101,365 |
| Other assets | $0 |
| Total assets | $102,466 |
| 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, B&j Foundation has awarded $2,951 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY GIVING TREE PURPOSE: TWO BACK TO SCHOOL BACKPACKS | $40 |
ACF APPLIED COMPUTING PURPOSE: PARTNERED WITH ACF HTTPS://WWW.APPLIED-COMPUTING.ORG/ TO SUPPORT 1. MAC (MONTHLY APP CHALLENGE) PROGRAM; 2. RURAL CENTRAL VALLEY STEM PROJECT. | $1,700 |
WORLD VISION PURPOSE: SPONSORED TWO CHILDREN | $1,211 |