Leon & Grace Foundation
- Assets
- $1.2m
- Revenue
- $3.2k
- Investments
- $958.6k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 04/2012
- Data as of
- 10/2023
- EIN
- 45-3954780
Organization Overview
Leon & Grace Foundation is located in Cupertino, CA. The organization was established in 2012. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leon & Grace 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, Leon & Grace Foundation generated $3.2k in total revenue. All expenses for the organization totaled $36.3k during the year ending 10/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS FOCUSING ON RESEARCH DEVELOPMENT AND COMMUNITY BENEFITS,FINANCIAL SUPPORT FOR COLLEGE EDUCATION FINANCIAL SUPPORT OF DISABLED ELDERLIES AWARDING OUTSTANDING TEACHERS INCLUDING RELATED ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lixin Chen Director | 1 | $0 | |
Qingxiang Li Director | 1 | $0 | |
Lixin Chen President | 4 | $0 | |
Qingxiang Li Secretarty Treasuer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $102 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,108 |
| Capital Gain Net Income | $3,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,216 |
| Printing and publications | $0 |
| Other expenses | $32,635 |
| Total operating and administrative expenses | $36,326 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $36,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,916 |
| 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 | $159,802 |
| Investments—mortgage loans | $0 |
| Investments—other | $958,632 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,214,350 |
| 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 |