Clement & Ruxi Foundation
- Assets
- $205.7k
- Revenue
- $1.3k
- Investments
- $34.3k
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 02/2012
- Data as of
- 10/2023
- EIN
- 45-3831155
Organization Overview
Clement & Ruxi Foundation is located in Fremont, CA. The organization was established in 2012. 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. Clement & Ruxi 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, Clement & Ruxi Foundation generated $1.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $4.0k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 8 years. 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 |
|---|---|---|---|
Ruxi Chiang President & CEO | 4 | $0 | |
Clement Chiang Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297 |
| Capital Gain Net Income | $297 |
| Net ST Capital Gain | $297 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $2,236 |
| Contributions, gifts, grants paid | $1,800 |
| Total expenses and disbursements | $4,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,477 |
| Savings and temporary cash investments | $0 |
| 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 | $205,730 |
| 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, Clement & Ruxi Foundation has awarded $1,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LUKE CHRISTIAN MEDICAL MISSION PURPOSE: TO EMPOWER THEM TO PROVIDE QUALITY MEDICAL CARE AND HEALTH EDUCATION AS THEY SHARE THE GOSPEL OF JESUS. WE EQUIP THESE CHRISTIAN VISIONARIES THROUGH ENCOURAGEMENT, PRAYER SUPPORT, MENTORING, AND FINANCIAL ASSISTANCE. OURS IS A CHRIST-CENTERED MINISTRY OF EVANGELISM AND DISCIPLESHIP, TRANSFORMING COMMUNITIES BY RECONCILING MAN TO MAN AND MAN TO GOD THROUGH THE TRUTH OF THE GOSPEL. | $1,000 |
RIVER OF LIFE CHRISTIAN CHURCH ROLC PURPOSE: TO FULFILL THE VISION AND MISSION FROM GOD TO BUILD A GLORIOUS CHURCH IN THE 21ST CENTURY. | $300 |
STREAM OF PRAISE PURPOSE: TO SPREAD THE GOSPEL, MOTIVATE, EQUIP, AND EMPOWER CHRISTIANS, DECLARING GODS KINGDOM. TO INSPIRE AND ENABLE ALL YOUNG PEOPLE TO REALIZE THEIR FULL POTENTIAL IN GOD AS PRODUCTIVE AND RESPONSIBLE INDIVIDUALS. | $500 |