Presence
- Assets
- $330.8k
- Revenue
- $303.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Walnut, CA
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 42-1676143
Organization Overview
Presence, operating under the name Presence Quotient Re New A Presence, is located in Walnut, CA. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Presence Quotient Re New A Presence employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presence Quotient Re New A Presence 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, Presence Quotient Re New A Presence generated $303.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $300.8k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HELPS FAMILIES TO REBUILD THEIR RELATIONSHIP AND VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE YOUTH LEADERSHIP AND PARENTAL SKILL TRAININGS, SO TO HELP FAMILIES REBUILD THEIR RELATIONSHIP AND VALUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wai Yan Ip Ngan President | Officer | 40 | $5,670 |
Lindy MA Board Member | Trustee | 1 | $0 |
Timothy Tin Board Member | Trustee | 1 | $0 |
Hoi See Tsang Secretary | Officer | 1 | $0 |
Samuel Leung Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,776 |
| Noncash contributions included in lines 1a–1f | $10,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,776 |
| Total Program Service Revenue | $39,647 |
| Investment income | $3,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,359 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,609 |
| Advertising and promotion | $55 |
| Office expenses | $15,979 |
| Information technology | $4,839 |
| Royalties | $311 |
| Occupancy | $37,042 |
| Travel | $5,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,595 |
| Insurance | $3,944 |
| All other expenses | $3,050 |
| Total functional expenses | $300,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,496 |
| Net Land, buildings, and equipment | $3,166 |
| Investments—publicly traded securities | $27,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,087 |
| Total assets | $330,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $188,429 |
| Other liabilities | $9,110 |
| Total liabilities | $197,539 |
| Net assets without donor restrictions | $133,290 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $330,829 |