Wei Brothers Foundation
- Assets
- $1.2m
- Revenue
- $20.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 07/2011
- Data as of
- 04/2024
- EIN
- 45-2080922
Organization Overview
Wei Brothers Foundation is located in Palo Alto, CA. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wei Brothers 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 04/2024, Wei Brothers Foundation generated $20.8k in total revenue. All expenses for the organization totaled $7.9k during the year ending 04/2024. While expenses have increased by 5.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jin Wei CEO | 1 | $0 | |
Mabel Cheng CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $20,808 |
| Total Revenue | $20,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $560 |
| Total operating and administrative expenses | $3,680 |
| Contributions, gifts, grants paid | $4,214 |
| Total expenses and disbursements | $7,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,146 |
| 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 | $1,234,238 |
| 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, Wei Brothers Foundation has awarded $4,214 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS PURPOSE: TO HELP FUNDRAISING BSA FRIENDS OF SCOUTING AND BSA OLJATO SPECIAL FUND. | $1,000 |
PAUSD PIE PURPOSE: TO HELP SPARK THE INTERESTS OF STUDENTS IN SCHOOL, AND ALLOWS PALO ALTO UNIFIED SCHOOL DISTRICT STUDENTS TO HAVE A MORE ROBUST EDUCATIONAL EXPERIENCE. | $1,350 |
PALO ALTO SWIM CLUB PURPOSE: TO HELP FUND RAISING FOR TEAM COMPETATION | $1,154 |
PALO ALTO SWIM AND DIVE TEAM PURPOSE: TO HELP FUND RAISING FOR TEAM COMPETATION | $400 |
PALO ALTO HIGN SCHOOL PTSA PURPOSE: TO SUPPORT STUDENT SPORT ACTIVITIES IN PALO ALTO UNIFIED HIGH SCHOOL. | $310 |